Answer Q 2: Easy money making if scientifically involved with proper planning and good decipline. No costly office or manpower or any licence required to make millions in this forex market.

Q2. Have you heard the story about the guy who was illusionating Under My Tree one hot summers night. (he thought it was his tree, but I cant tell you my friend it was Umistakedly My Tree). Well I wont bore you with all the details I will just cut to the chase. This guy, they called him “The Universal Market Trader” and “Mr The King”, went on to become (obviously a hell of a good trader, some say the best) the worlds best know Philanthropist. Sadly the one thing he never gave of was his knowledge of Trading, so although he left a remarkable legacy to the world with his Philanthropic work, he left no one who had the ‘means’ to continue his good work. I say “what an idiot”. Why didn’t he teach his children, his family, his friends and collegues this valuable rewarding career. He surely woud’ve had the time if he was really that good. He could’ve helped so many around him to become self sufficent, to become truely financially independant. It reminds me of the old proverb “you can give a man a fish and feed for him for day, or you could teach the man to fish and feed him for a lifetime”. If that “Mr The King” had tought me what he knew, i could fishing when ever I wanted. I could be fishing in the Bahamas one month, Tahiti the next and just having a holiday in Hawaii the next without the need to go fishing, although I could if I wished. Well I wish … if only.

I am drawn to the Forex market be cause it is world wide in scope. Trillions traded daily. Can trade almost any time. Requires small investment. With the current and the probable increase in technology, I can forsee that my Grand Children and their children could provide all of their financial needs. I would like to help some charitable institutions with more than I am able to do with my current retirement income. Also given the current Stock Market, Interest Rates, and assured inflation, this is the only game in town to stay even or get ahead.

Answer to #2: We are a single-income family. My husband, bless his heart, has been searching for a means to supplement our income and gain expertise beyond the knowledge he has in computers. Since we decided in 2002 to homeschool, I forsook my career as a CPA to take on the primary role of educating our children. This has been both a sacrifice and a blessing. Learning how to successfully trade the foreign markets is something we can do together, something we can build upon and use to repair some of the financial damage we have undergone.

My husband’s salary is our only income. His company has been progressively eliminating thousands of positions over the years. This prompted us several years ago to start a trading business. From what my husband has told me, our primary strategy was selling options. Unfortunately, due to market volatility, our little business has sustained numerous, seemingly insurmountable losses. I had never seen him so crushed before; he simply stopped trying to trade. While we are all vulnerable to life’s turns, there was something very different about the affect this has had on him.

A year or so ago, he recommenced his search to find a successful way to trade. After watching him research, test, and retest many different trading methods, it is clear to me that my husband has resolved to learn to trade the foreign markets. ITCONCERNS ME! He believes, with the right vehicle, we can regain our business, and over time, the many losses sustained. Frankly, I am more concerned about his stability and the time he is spending on this effort, especially because his successes have been minimal.

This time it is imperative that we learn the technique together. The learning process can also include our children, as I can incorporate it into lesson plans at their level. This knowledge would provide them options we never had, freeing them from the uncertainty of being an employee.

Thank you for considering us for your generous offer. I am grateful for the opportunity and what it could mean for our family.

Sincerely,
Ky

1. “What type of obstacles have I run into in the past that have prevented my trading success?”

– lack of time
– generally, both for learning and for trading
– enough time some days but not enough time every day

2. “Why am I drawn to trading the forex?”

– a liquid market with tradable moves no matter what the curent economic climate

Forex provides a great opportunity to trade. Yes it is open 24/5.5 but if you trade at the peak times and you will earn a nice living and have a life too.

In response to the two questions posed:

1) Aside from my own mistakes in trading the FX market, the biggest obstacle I’ve faced is equity management limitations imposed by market-makers (MM’s) that I’ve previously used. For example, offering “micro” accounts to customers the MM intends to impose “mini” account contract size restrictions on. A minimum contract size of 0.1 is fine for “mini” accounts (between $1,000 – $10,000), but completely unacceptable for “micro” accounts (less than $1000). A minimum contract size setting of 0.01 should ALWAYS be offered to the customer(s) of an MM offering “micro” accounts, so that responsible and effective equity management can be maintained at any and all times.

2) The FX market is the largest in the world, it will ALWAYS exist in some form or another, it is as free from corruption as any business model I’m aware of can possibly be (since no one entity has real, meaningful “control” of the market) and it has the potential to enable those of us with altruistic, philanthropic aspirations to create opportunities for personal and financial successes for others.

Thanks again UMT, for providing this prospect!

Myself! I am a very disciplined person with police training from the age of 17 years BUT when I trade Forex those little inner voices constantly appear and create doubt. By biggest obstacle is ME! I have learnt a lot about myself during my 5 years of trying to succeed in the Forex market.

Question 2

Because of the challenge of success! I found in life that if I strove to be successful in business then the money followed. The Forex market is the most challenging I have ever attempted. This include sport(golf), art, writing etc. My business is property development and marketing. Coming through four booms and busts since 1972 including this latest was and is challenging BUT learning to successfully trade Forex is something else!! The learning curve is massive. When I think I have mastered it something comes in from left field and shatters my confidence and knowledge. The learning curve is boundless.