From the category archives:

Business & Money

Is Forex Trading For You?






by admin on October 2, 2009

Recently I came across a group of Forex traders who just practically blew my mind away.

If it wasn’t because of a personal friend of mine, I would have just cast aside any thoughts of learning Forex trading but because I trust him, and when he told me that he had 68 consecutive wins and 2 losses (WTF???!!!), I was dumbfounded.

As far as what I knew about Forex was concerned, I had a few fundamental questions and my friend who later became my mentor, explained it to me. His replies are in blue:

1) Isn’t Forex trading risky, and a lot of people have lost money in it.

It is only risky if you don’t know what you’re doing. If you know how to manage your risk, then it reduces the risk. It is risky when people trade forex with ignorance and indiscipline.

As for many people having lost money, it’s true! Just like running any business, whether it’s a coffee shop, boutique, insurance, Internet marketing, or any other businesses, chances of the business losing money is there. There’s nothing wrong with the business (there are people making tons of money from it), question is, is the person suited for the business. If there’s any failure of the business, it’s definitely got nothing to do with the business, rather it’s the person running it that’s the problem.

Same goes for forex. The 80/20 rule still applies. Forex definitely can make people a lot of money, thew question is whether can I make it work for me.

Oh boy, and do I love challenges!

2) If it’s so good, why teach the methods?

I’ve been in the seminar business before teaching people how to make money from the Internet. As far as I’m concerned, he answered me the same way as I’ve always answered other people at my seminar.

This is not a zero-sum game, meaning when I make money, it doesn’t mean that you can’t make money as well. And the best way to learn something is when you actually start to teach!

3) Is it easy to learn and hands free?

It’s easy to learn but doesn’t mean that it’s a get rich quick scheme. You’ll need to dedicate your time towards it. How good you will be at this will ultimately depend on how much effort you are willing to invest to learn it.

The reward is definitely there and well worth it for those who put in the effort.

4) Why should I learn Forex if I already am doing well in my current business?

Forex trading can always complement any business or profession that you’re in. It’s always better to have more options and more streams of income.

How true, how true!

That’s why from that day onwards, I’ve decided to dedicate myself to master this skill and get good at it.

That’s also the reason why I’m looking for 5 friends to join me on this journey to be mentored together.

The question is why 5? Because the mentoring requires a much personalized attention (this is not a one off-seminar thingy), there can only be so many people whom they can mentor on a personal basis, hence the limitation.

Before you even consider this, I’ll need to pre-qualify you.

- You’ll need to be able to dedicate your time and effort to learn this and be committed to learning. No half-hearted learning please. It’ll be a waste of everyone’s time, not to mention yours as well.

- You’ll need to be around KL or PJ area (or Klang Valley) as generally the weekly meetup sessions with the mentors will be in Subang. As long as you don’t mind making the trip then it’s ok.

- You’re interested to know how my mentors make 20-30 or even 70 consecutive wins, and whether the wins are by chance, or there’s more to it than meets the eye. Ask them yourself! (I know it’s hard to believe because when my friend cum mentor was first shown this method, he was so sceptical that he showed his middle finger to the person explaining to him).

- And most important of all, a desire to become a PROFITABLE forex trader!

How to qualify? Contact me using this link here:

http://www.melvinng.com/contact/

Tell me why you should be one of the chosen 5, and places will be on availability basis. If it’s already filled, then too bad. First come first served basis!

PS: Remember to include your NAME, HANDPHONE NUMBER (and best time to call), YOUR LOCATION and WHY you should be selected. I’ll call you back if you’re shortlisted to meet my mentor.

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Samsung N110 Netbook Review






by admin on September 26, 2009

samsung-n110-01

I just got myself a new netbook, the Samsung N110. This wasn’t in my original plans as I wanted to get the Toshiba NB200. The design of this particular Toshiba model suits me well, solid built, nice keyboard and professional looking.

Unfortunately, the only flaw it had, which was a critical flaw in itself, deterred me from buying it. Apart from the slightly premium price it commands over the other netbook brands, it only comes with a standard 3 cell battery, which means battery life is around 3-4 hours. If I were to buy an additional 6 cell battery, it would easily cost me a few hundred ringgit.

Toshiba, come on….your competitors are coming out with high capacity 6 cell batteries and you’re still stuck on a 3 cell?? Shame on you guys.

Anyway, if I were to write off the Toshiba, I was considering 2 other options, Asus and Samsung. Asus’s design looks much sleeker, the only issue I have was the keyboard. It flexes a bit when I type, which although is a minor issue to some, it’s pretty annoying to me. The Samsung on the other hand feels and type solidly even with my big fudgy fingers. Kudos to Samsung on that.

Here’s the full specs of the Samsung N110.

CPU: 1.6-GHz Intel Atom N280
OS: Windows XP Home
RAM/Expandable to: 1GB/2GB
Hard Drive Size/Speed: 160GB/5,400 rpm
Optical Drive: None
Display/Resolution: 10.2 inches/1024 x 600

The resolution looks much sharper than the Lenovo’s netbook and comparable to Asus’s display.

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Financial Advice From Warren Buffet

August 22, 2009

Got this in my mailbox today and thought of sharing it with you…Warren Buffet, one of the most brilliant investor of all time, also known as ‘The Oracle Of Omaha’ has these few words of advise.

Image from http://www.topnews.in
Every new year, I adopt a couple of old maxims as my beacons to guide my future. [...]

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Money And You Seminar – My Reflections

August 14, 2009

I’ve attended the Money & You seminar a couple of months back. At that time, everyone seems to be talking about it and I was thinking what the hoo hah it was all about. After all, I’m not that much into motivational seminars anymore and don’t really get excited over the rah rah cheering and [...]

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My Black Hat Days

August 6, 2009

(Image from http://news.cnet.com)
I recently dug out my old Dell PC, which I haven’t touched for almost 3 years (yeah I know it’s a dinosaur by today’s standards) and intend to clean it up so that I can use it to run some tasks.
Imagine my surprise when I saw the amount of software being installed [...]

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Melvin Ng Conferred The World’s Greatest Business Mind Award

July 22, 2009

 
Just wanted to share this happy and proud moment with all of you! I’ve just won the World’s Greatest Business Mind Award!

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IM Renegades – Finally In Pre-Launch

July 21, 2009

Finally IM Renegades (Internet Marketing Renegades) is in pre-launch!
It’s a long story how this project came about…
As some of you know, a few years back, me and 2 of my friends, Gobala and Vince, did a firesale together. Fast forward to last year, we decided to do something together again, and IM Renegades was [...]

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