Tuesday, October 25, 2011

A Boring and Mechanical Game

What if I tell you that there is a game that requires you to put $1000 (or RM 3000) to open an account, and allows you to make around $60 in a week on average. That's 6% returns in a week, or more than 300% returns a year.

This percentage, I'm sure, would put all those fixed deposits/investment links/mutual funds to collective shame. And it would render all those salary increments obsolete.

Of course, it requires you to do spend a lot of time monitoring the charts and trends, come up with a set of formulas that you think works, open a demo account that is free of charge, do a lot of stress test to verify the formulas over a long period of time, and then only fork out that $1000 to open the real account, and stick to the formulas for as long as you are playing the game.

Rich Dad said: getting rich is a boring and mechanical process. Most people wants to get rich quickly, and likes to get involved in a lot of excitement.

The moment you feel confident of your so-called skills and try to play the game differently/raise the stakes, disaster strikes.

Your skills are actually the mechanical process that you spent so much time deriving. Once you forsake this process in favour of spontaneous decisions, you're screwed.

It all depends on whether you can endure the boredom if you want to play this game. If you can't, then this game is not for you.

This game, is called the FOREX TRADING.

FYI, I am still in the Demo Account Stress Testing stage. And I have been stuck at this stage for more than half a year. And I still have not have enough confidence to jump to the next step. So unfortunately, I'm still not really making that 6% a week returns.

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