About the Trainer (Session 1)
I am Ernest.
I graduated in 1994 with a Honours Degree in Electrical and Electronics Engineering with Nanyang Technological University, Singapore. I went on to obtain a a Master in Science in Engineering with The National University of Singapore in 1999. Currently work in a reputated engineering company in Singapore, developing pioneering work on unmanned ground vehicles.
My interest in financial instrument started in 1996, when I started trading actively in Singapore shares. But because of the capital needed, the earnings was only good enough for some extra cash in the pocket. Things got a bit worse when then CLOB pulled out of Singapore, followed by 1997 when the stock market was affected by Asian Financial Crisis. I realised that stocks cannot be a business that bring you a regular and steady income.
I started my first conventional business, registering a company in 2003. The company main business was IT related. But it never lasted for more than 2 years, before we called it quit. The company was winded up. The main cause for the failure was due to unfamilar with the trade and the dependence of certain key personnel for delivering the business.
Nevertheless, the failures brought about a moment of ponder. I evaluated and determined that the next business I am going to embark on will have the following model:
a) Economic robustness - regardless of the economic outlook, I must be able to make transactions and make money
b) Mobility- regardless of where am I, I must be able to make transactions and make money. This was added when I remembered the vision God gave me in 1998.
c) Compounded - regardless of the effect I put into the transactions, the business must be self growing, meaning that I will earn more money using lesser and lesser effort
I began searching for such businesses and found 3. I tried all of them, but finally landed myself trading commodities on-line.
But this time round, I did not trade stocks, because it is uni-direction. I started in 2005 in US stock options. Nothing wrong with US stocks options, but I realised that the business I want should generate more and more income for you while you spend less and less time. The philosophy of building pipelines that permit continuous flow of water even when you are not working.
As an enginering, I were at a good advantage. I applied what I know in mathematics in my options trading. I cut the time to earn the ususal same amount of money to less than 1-2 hours a day, with actual trading time at half an hour, the rest of the time was spent researching for which stocks to play.
Was there something better? How could I jump to the next S-curve?
In 2006, while still doing options, by divine appointment, someone introduced me forex. The rest were history. I began making my first dollar in forex after 6 months of familarization and researching into a trading methods that worked well.
I started with 5-10 mins trading strategies, to 15 mins, to 30 mins, to 1 hour and finally to become day trading strategies. By using a longer time chart, I spend less and less time gluing my eyes on the screen but yet the strategies that was employed ensure that the pips that was made per day is not much lesser.
I am sharing what I have gone through with you - The research results, that have confidently put to a back test and forward test, together with the experiences I have been through.,
To give you an encouragement, my income was $2000 when I started work as an engineer in 1994. It took me 6-7 years before I doubled it. But now, I am able to double my income every 6-7 months if I choose not to take out the profits. Of course, with the capital I have now, I am drawing a very good and stable income.
The next session (Session 2), I will be sharing with you why I choose on-line trading above the rest of the business I have tried and of course why I choose forex above the rest of the commodities I have tried trading.
Lastly, before I end - God's vision for me has played an important role to shape the direction I have taken. God has blessed the works of my hand. All glory must go to Him.
Mat 6:33 Seek first the kingdom of God and His righteousness, and all these things shall be added to you.
Psa 127:1 Unless the Lord build the house, those who build it labor in vain.
God Bless.
I graduated in 1994 with a Honours Degree in Electrical and Electronics Engineering with Nanyang Technological University, Singapore. I went on to obtain a a Master in Science in Engineering with The National University of Singapore in 1999. Currently work in a reputated engineering company in Singapore, developing pioneering work on unmanned ground vehicles.
My interest in financial instrument started in 1996, when I started trading actively in Singapore shares. But because of the capital needed, the earnings was only good enough for some extra cash in the pocket. Things got a bit worse when then CLOB pulled out of Singapore, followed by 1997 when the stock market was affected by Asian Financial Crisis. I realised that stocks cannot be a business that bring you a regular and steady income.
I started my first conventional business, registering a company in 2003. The company main business was IT related. But it never lasted for more than 2 years, before we called it quit. The company was winded up. The main cause for the failure was due to unfamilar with the trade and the dependence of certain key personnel for delivering the business.
Nevertheless, the failures brought about a moment of ponder. I evaluated and determined that the next business I am going to embark on will have the following model:
a) Economic robustness - regardless of the economic outlook, I must be able to make transactions and make money
b) Mobility- regardless of where am I, I must be able to make transactions and make money. This was added when I remembered the vision God gave me in 1998.
c) Compounded - regardless of the effect I put into the transactions, the business must be self growing, meaning that I will earn more money using lesser and lesser effort
I began searching for such businesses and found 3. I tried all of them, but finally landed myself trading commodities on-line.
But this time round, I did not trade stocks, because it is uni-direction. I started in 2005 in US stock options. Nothing wrong with US stocks options, but I realised that the business I want should generate more and more income for you while you spend less and less time. The philosophy of building pipelines that permit continuous flow of water even when you are not working.
As an enginering, I were at a good advantage. I applied what I know in mathematics in my options trading. I cut the time to earn the ususal same amount of money to less than 1-2 hours a day, with actual trading time at half an hour, the rest of the time was spent researching for which stocks to play.
Was there something better? How could I jump to the next S-curve?
In 2006, while still doing options, by divine appointment, someone introduced me forex. The rest were history. I began making my first dollar in forex after 6 months of familarization and researching into a trading methods that worked well.
I started with 5-10 mins trading strategies, to 15 mins, to 30 mins, to 1 hour and finally to become day trading strategies. By using a longer time chart, I spend less and less time gluing my eyes on the screen but yet the strategies that was employed ensure that the pips that was made per day is not much lesser.
I am sharing what I have gone through with you - The research results, that have confidently put to a back test and forward test, together with the experiences I have been through.,
To give you an encouragement, my income was $2000 when I started work as an engineer in 1994. It took me 6-7 years before I doubled it. But now, I am able to double my income every 6-7 months if I choose not to take out the profits. Of course, with the capital I have now, I am drawing a very good and stable income.
The next session (Session 2), I will be sharing with you why I choose on-line trading above the rest of the business I have tried and of course why I choose forex above the rest of the commodities I have tried trading.
Lastly, before I end - God's vision for me has played an important role to shape the direction I have taken. God has blessed the works of my hand. All glory must go to Him.
Mat 6:33 Seek first the kingdom of God and His righteousness, and all these things shall be added to you.
Psa 127:1 Unless the Lord build the house, those who build it labor in vain.
God Bless.
posted by Ernest Seng at 12:02 AM
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