Whenever I’m asked what I do for a living, I do have a hard time explaining to people that I’m a full-time Forex trader. Some of them ask me, “Which bank do you trade for?”, while others who understand that I “trade for myself only” comment that this is too risky (no CPF contributions, no regular salary, etc…).
As I’ve said before, the irony is that I think what I’m doing as a full-time trader is less risky and more reliable than depending on a job. The truth of this statement is especially obvious in the light of the recent financial meltdown, which has shaken the very foundations of what most people have taken for granted. This is why I always emphasize in my speeches and training sessions that mastering a recession-proof skill is so important.
In the midst of the current recession, we need to ask ourselves the following questions.
1) Is this going to be the last recession we’ll ever face in our lifetimes?
On average, recessions happen once every 8 years or so. This means that most of us are likely to face a few more recessions in ourl lifetimes. It might be enlightening to realise that many self-made millionaires (and billionaires as well) build their fortunes because of the decisions they make during recessions!
2) Are we going to emerge richer or poorer at the end of the recession?
The reality is that most will emerge poorer! This is simply because most people are conditioned by the belief that recessions should make them poorer, and that this reality is acceptable! Also, most of the things that we depend on financially (stocks, unit trusts, real estate, our jobs and businesses) are correlated with the economic cycles, such that they plummet in value during recessions.
However, there are ways we can remain profitable by depending on income-generating activities that are not correlated to the economic cycles. To me, trading the Forex market has been one activity that helps me achieve that goal!
This is also what drives me to become a trainer conducting a training program in Forex Trading (the Wealth Academy Forex program at Adam Khoo Learning Technologies Group). As a trainer, I often get questions on why I bother to do training if I can make substantial income from my trading. The truth is that I don’t really have to.
I’ve always had a passion for public speaking, although I only started developing this ability in very recent years. It might surprise some of you that I used to suffer intensely from stage fright. Ironically, I always wanted to be able to stand in front of a crowd of people to share passionately about the things I believe in. As such, I trained myself in the skill of public speaking by going through the Toastmasters program a few years ago, and very often “put myself on the line” by agreeing to conduct short talks despite having little preparation or confidence. I’m happy to say that I gradually developed confidence in public speaking, and won some awards in Toastmasters speech contests! Therefore, when the opportunity was presented to me to conduct the Wealth Academy Forex program at AKLTG, I saw this as an avenue to challenge myself in passionately imparting my trading skills and knowledge to aspiring traders, appying my public communication skills to make the training as effective as possible!
Indeed, I have found it most fulfilling to empower people from all walks of life in the area of wealth mastery through the currency markets. Certainly, I look forward to constantly enhancing the training process for many aspiring traders; this process of imparting my trading experience and observing the journeys undertaken by many aspiring traders has undoubtedly brought my trading proficiency to higher levels.
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