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Originally posted by chandresh


So how was the presentation itself? Did it teach you guys somethings that you did not know. Was the potential loss highlighted? How much can one lose - meaning what is the downside?

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Thank you for you suggestion Patrik.
Yes, i am aware of the down side of this trade and also believe this "Kuch pane ke liye kuch khona bhi jaruri hi ".
Now i got to prepare for how much loss can be bearable. I believe with proper practical training and good analytical skills, we can minimize the losses. But again there is always unpredictability in life. So i got to take my chances.

As far as chandresh's suggesion regarding the basement lease is a good idea, but got to have people who can be full time there.

First lets count down how many people are ready for this idea...where are they located and how much they can contribute e.t.c
So Let me start with myself and requesting other CD's participate

I am counting myself only part time, but ready to contribute for the office...
1>Madhu - Mississagua(Location) - $ 100 to $200 (Contribution)

Rgds,
Madhu

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MK

Genlemen,

If this things works fine, then count me in. While the subject is hot , on how to make money.I put forward another option.

Few months back I had been to a seminar of "Optionatics". Those guys are professional trainers and say, if within 6 months if you cannot recover the cost of training, they will refund the money. How far this guarantee holds I donot know.

They however train in options and the cost of training is USD 3500 something.

Now this is too much of money which I would put If I am damn sure that I am going to recover in six months...but have a kinda of unsure feeling.

What I suggest is if few people come together, one person can learn the trade and others can share the knowledge.

My personal limited experiece with options is, it is REAL, and you can make money, Even though the risk is there, it is limited. provided you are ready to hold the stocks for a longer period of time.


Any inputs are welcome

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Originally posted by Val

Genlemen,


Few months back I had been to a seminar of "Optionatics". Those guys are professional trainers and say, if within 6 months if you cannot recover the cost of training, they will refund the money. How far this guarantee holds I donot know.

They however train in options and the cost of training is USD 3500 something.

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Chandresh

Advice is free – lessons I charge for!!

Having seen the conversations for the Forex club by Khan, I find it very very fishy.
Now Forex/Option Trading can be done by Khan himself in his apartment. Why does he want to gather 20-30 people and then set up an office and then do trading/ khan instructing others pin point entry and exit points? WHat is the gain to Khan by this? what will he achive? Since he is not selling any software, what is the profit for him?
Thinking criminally, I belive that this set up may be used by him to do money laundering (he can try to steal confidential info. from your computers) or he can form an incorporated company to write his profit off. Now I am not sugeesting that he is actually capble of doing this but only informing Cd's about some possible criminal situations. Already I find that 2 cd's are ready to shell out $100-$200 a month on some half baked/ half understood information. Remember that the greed to earn money can close your eyes and result in massive loss of money.
It must be noted here that once Chandresh conducted Forex class to a bunch of people and personally when i asked 2 people if they suceeded in making money, the 2 people told me that they were not able to make money.
This person is the same person who advertised in CD and even had the cheek to sign in as a new immigrant and to say that Forex training under Khan has helped him to earn money in Canada. Needless to say, he was spotted by the moderators for using the same IP address and was chastised.
I would higly recommend CD's to investigate further on the real intentions of Khan before teaming up with him as a group to form a club.
I am also awaiting answers from Desi Raja, Pramod Chopra Sir, JAin Sir etc.. regarding their views and the mentioned people are CA's/ money managers and who might be able to shed better light on this whole process.

TK A

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I am a Gents and not a Ladies.

Hello,
I have given a very fair report on the system that 786786 showed us and I do believe that it is doable. That is where it stands. He is willing to offer the same free of cost to those who want to learn and follow in his footsteps. He did try out the same with teleconferencing and decided against it, as they lost contact over the phone and few of them ended up loosing a few bucks.
Now as regards the Options, trading in options, they are also conducted on the web for free and it involves four to six hours of instructions through the webinar. I will look through my e-mails and see if they are still there. They are also available on the other web sites.
I can also provide you with details of the software package that could be availed through the {OIC or} the Options Industry Council, and I do have a copy that I can make it available for anyone to learn. Interested parties can contact them directly or through their associates who will supply the same to you, with a personal call to the number that you provide over the web site form. In short they want to make sure that you are a genuine party that wants to learn the system. and trade options.
Khan does not place stops. He is a dare devil, if I may call him and he has no safeguards in his trades and trading with this method is not advisable. I am not for it. He might be in a position to anticipate and get out, as he claims, and he feels he has a finger on the pulse of the market. That is his claim to glory. I don't want glory I want to be alive the next day to trade and move on in the same fashion each and every day. So, please incorporate a stop if you do want to protect your initial investment.
I am into stocks and mostly would like to trade Nasdaq, because of the volatility in that market and many more to choose from a large list and range of dollar values. No penny stocks!
I am not for the 'group trading concept' except that we can learn as a group and keep in touch and exchange ideas or provide each other with their discoveries in the markets that would like to learn and trade, whether it be commodities or currencies. The main reason being I am indoors six months of the year, hibernating and of course trading. The other six months I splurge, I don't want to save. When it is all gone I start to trade. That works for me.
I am also in the learning process in this FOREX markets and hence at the next meet I would like to bring up the same topic at a location convenient to you. If your apartment complex has a guest room with a few seats or some one's basement will do. This is just to drive the fear of this trading and loosing your shirt off your back and a whole months wad on a trade out through the window, I would like to gather a few of you under one roof and preferably those that attended in the missisauga area as promised. Because I feel I would like to continue in the same fashion to provide you with additional information as promised as I got to know a few a little better after the exchange of formalities. You can move on to you own private locations to conduct our own paper trading and practice with confidence. If Khan's instructions will or will not augument in your trading after that, you will have to decide, and use it to your benefit or drop it. Please do remember that there are numerous ways of interpreting the price action and I will walk you through the fundamentals one step at a time.
You bring your own treats to the show. All I need is a decent computer and High Speed Internet. Can you do that?? I will have a copy of the OIC software too. Where do we go from here?
Freddie.

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Originally posted by ftfl

Hello,
I have given a very fair report on the system that 786786 showed us and I do believe that it is doable. That is where it stands. He is willing to offer the same free of cost to those who want to learn and follow in his footsteps.


I am also in the learning process in this FOREX markets and hence at the next meet I would like to bring up the same topic at a location convenient to you. If your apartment complex has a guest room with a few seats or some one's basement will do. This is just to drive the fear of this trading and loosing your shirt off your back and a whole months wad on a trade out through the window, I would like to gather a few of you under one roof and preferably those that attended in the missisauga area as promised.

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Quote:

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Originally posted by ftfl
If Khan's instructions will or will not augument in your trading after that, you will have to decide, and use it to your benefit or drop it. Please do remember that there are numerous ways of interpreting the price action and I will walk you through the fundamentals one step at a time.

You bring your own treats to the show. All I need is a decent computer and High Speed Internet. Can you do that?? I will have a copy of the OIC software too. Where do we go from here?
Freddie.

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Chandresh

Advice is free – lessons I charge for!!