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  • ফরেক্স সম্প্রদায়। ট্রেডিং, বিনিয়োগ এবং সফলতা সম্পর্কে FBS এর ব্লগ
03.08.2018

Business idea from Shah Rizal: Forex Barbershop

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People come to Forex for different reasons. Some of them search for some extra money to stay afloat in a life storm, others look for luxury, swag, and easy money. One common reason for trading Forex is chasing a dream, and it may vary from trader to trader. There is a fantasy behind each opened order: a sports car, a family house, independence, traveling, and so on.

Mr. Shah Rizal Bin Mat from Taiping, Perak, Malaysia dreamt of making money with what he loves. He was obsessed with male hair fashion for a while when he started trading, and when his full-time Forex career became profitable enough, he made a nontrivial yet smart decision:

“I love doing haircuts, and currency trading happen to be my full-time career. So, I combined the two of them and opened a FOREX BARBERSHOP”.

23.07.2018

How to recover from loss on Forex and get back what was lost

The strongest people are those who faced defeat but didn’t give up.

Trader forums are full of stories from people who lost their money and quit Forex. The authors repeatedly blame the market, a broker, or even fate, but the outcome of this will hardly surprise anyone: it gets them nowhere.

Mr Phone Myat Naing is a remarkable trader from Myanmar. He lost a substantial amount of money, but managed to get it back and continued to trade. Apart from trading he lives a full life, travels and loves spending time with his family.

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We hope that you will enjoy this interview as much as we did and maybe even find something useful for your trading.

20.07.2018

THE FOREX AND THE CHICK. LEVEL 1

FBS does an exciting experiment: we were wondering what will happen if a girl who has never done a single minute of trading in her life would try to make money on Forex? 

Miss Ann agreed to take part in this experiment and made $113 with the $50 Bonus. They say, beginners are lucky. Let’s watch Ms. Ann challenging the global market as a newbie. Read the fascinating story from the first person!

Hello! My name is Ann, I’m a 34 years old female who made a decision to take part in a sort of experiment. Can a girl like me make money on Forex or I’m too far away from all the financial gurus?

25.06.2018

Trading gold is a hot topic today. What`s the point?

“The desire of gold is not for gold. It is for the means of freedom and benefit” Ralph Waldo Emerson

For ages, people adore and treasure gold for its natural glow and plasticity. Mankind started using Gold in commerce in the Middle East over 2500 years ago. Nowadays, it is recognized to be the oldest form of money. Gold seems to be a really safe asset. This metal holds good for more than two thousand years despite all wars, cataclysms and global changes.

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Monthly chart of gold price (XAU/USD, MN).

Though gold sustainable keeps its value, the buy-in of traders has grown and fallen in the past decades. 20 years till the beginning of 2000s gold was overshadowed by strong and skyrocketing economic grows of the stock market. Thus, between 1982 and 2002 its price varied from $300/oz to $500/oz.

During 2000's attention to Gold slowly but surely increased until a real boom of interest during the global financial crisis of 2008. In the late 2011 prices for gold had surged dramatically, breaking the record of $1900. In this article, we will highlight main factors that influence gold prices together with the most widely used trading methods and winning strategies.

Forces that drive gold price

Gold is among the most complex financial assets to value. It is like popular currencies as US dollar and euro due to its stability, strength, convenience and recognition around the world. Yet, opposite to these widely traded currencies, gold is not supported by an underlying economy of workers, companies, and infrastructure.

This means that gold has standardized physical characteristics and is much closer to commodities coming from the ground like oil or corn. But the price of gold frequently varies apart from its industrial supply and demand, in contrast to other commodities.

Major trends in the yellow metal are driven by traders emotions and actions caused by this dynamic. Gold traders are split into two categories. One unites those who believe that gold should cost more than $10000 an ounce, as central banks are debasing their currencies. Another one comprises bearish traders, who are sure that gold price should be closer to $100 as it is an element of the past that won’t be of any use in the present and the future. The first chart shows that gold is losing some of its glow, while its popularity in the mid- and late-2000s looked a bit like a mania.

Gold doesn’t bring you income in form of interest (%). When interest rates in the Unites States – the world’s key economy – rise, demand for gold declines as traders prefer to invest in bonds and other financial instruments. When US interest rates fall, the appeal of gold rises and so does its price. That’s why gold traders need to watch US rates.  

How does gold correlate with the US dollar?

The correlation between gold and the US dollar is the main bone of contention for gold traders. It would be reasonable to consider these assets to be inversely correlated, as gold is priced in US dollars. The price of gold and US dollar moves opposite the one to another. Simply, when the price of the dollar increases, it takes fewer dollars to buy an ounce of gold. And thus, when the price of dollars is lower, it takes more dollars to buy an ounce of gold.

At the same time, the situation is not so simple. It’s true that most of the time the relation between the US dollar and gold described above stands true. However, during the periods of financial crisis, like the one in 2009, and other times of high uncertainty, both gold and the US dollar rise at the same time. It happens because traders consider both of them to be safe investments. 

Compare the price of gold with the price of the US dollar: they move mostly in the opposite directions but can rise tigether during the periods of financial stress (the blue line tracks the price of gold, while the green line stands for the US dollar index).

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Gold trading strategies

As with any trading tool, one single "best" way to trade gold doesn't exist. Yet, technical trading strategies applied to other trading tools can easily be adapted to the gold market. This especially works with gold’s tendency to form long-lasting trends. This way, many traders succeeded implementing strategies based on trend lines, Fibonacci analysis and overbought/oversold oscillators like RSI and Stochastics.

A short-term strategy: pick a cherry of a trend with a moving average crossover

A typical way to profit from the frequent trends in gold is to use a moving average crossover strategy. According to this strategy, gold is worth buying if a shorter-term moving average crossed above a longer-term moving average. And thus, when the shorter-term moving average crosses below the longer-term average it is better to sell gold.

Traders split in their understanding of the "best" intervals for the two moving averages. One of the good solutions is a crossover of 10-period and 60-period moving averages on the 1-hour chart. Such settings usually allow traders to trade successfully the middle portion of a trend. Though, future performance can't be guaranteed. The way to apply this strategy in the gold market is demonstrated on the chart.

The green line is a 10-hour MA and the blue line is a 60-hour MA. The green line went below the green line at $1,299.45. Together with a break below the previous lows this was a sell signal. Indeed, the price chart went down allowing trader to profit on a sell trade. Then the green line came close to the blue line. If the green line breaks above the blue one, it will be a signal to buy gold.

This trading strategy should help traders to catch the middle portion of trends. Yet, using it when gold has no trend and just stays in a horizontal range may cause a set of continuous losing trades. As a result, traders may wish to build up this strategy with other indicators to improve its long-term profitability.

A long-term strategy: follow the level of real interest rates

Investors and long-term position traders may concentrate on the fundamental factors affecting a price of gold, in particular, on the level of real interest rates. Lower interest rates lead to higher price of gold. 

Usually longer-term traders may consider buying opportunities if real yields are below 1%. They use the yield on TIPS as a proxy for real interest rates in the United States. And oppositely, if the yield on TIPS rises above 2%, investors concentrate on sell trades. For sure, this link between real yields and gold prices matters over a longer-term period. Shorter-term gold traders can basically forget the level of interest rates.

A chance to use real interest rates filter is among the unique options that traders can apply to gain an edge when trading gold. All in all, trading the world’s oldest “currency” gives a variety of strategies and endless opportunities.

Trading gold with FBS

FBS gives you an opportunity to profit on gold!

You will find gold under the symbol of XAU/USD in Metatrader. Look up contract specifications for trading gold at FBS website.  

18.06.2018

How profitable can Forex trading be

You've all heard of George Soros, legendary Forex trader of all the times. Meanwhile, ordinary traders achieve incredible results as well. Let's see who else can be fairly included in the top list of traders.

One who deserves to be among the best traders is Cheng Likuy, who became world famous in 2008. This humble trader from the Chinese province of Shanghai began trading with $400 and set a new Forex profit record. In less than a month he had already 247 thousand dollars on his account. Cheng spent only six months on training. The trader did not disclose all his secrets but said that he had used pending orders. 

The most unbelievable story happened in 2012 with Akhmad Arief who made the daydream of millions of traders real. After two weeks of active trading, he managed to increase his start-up capital from $1000 up to $1,000,000.  He used an aggressive tactic to trade major currency pairs such as GBP/USD and EUR/USD.  Nobody expected that he could become a millionaire using a high-risk strategy.

For sure, big profits come with large investment. The average annual yield of professional trader including all risks varies from 20% to 100%. It's quite easy to see the difference: 50% of the profits from $ 100 is only $50 while from $1,000,000 it is already $500,000.

Can Forex trading bring profits for a living?

Many traders made a good living trading in Forex and some had big returns which allowed them to become self-employed. A beginner Forex trader can indeed make sustainable profits from trading currencies even having low start-up investment capital. It just requires enough patience, learning, and practice to bring a reasonable regular profit.

Of course, nobody can guarantee the income. But once investors have enough experience to trade, they gain consistent profitability. Then appears an opportunity to compound trading account up to say $400,000. Afterwards a conservative 3%-4% monthly return may yield $12,000 to $16,000 per month. It is definitely enough to live on! How long that will take depends on each trader starting balance and level of aggressiveness.

What trading method to choose?

Forex traders can be divided into those who want to trade manually, those who like to copy trades and those who want to utilize automated trading. Each of these methods has its specific features which can have both pros and cons depending on a trader's preferences.

Manual trading gives the real feel of a Forex trading system and the full control over the trades. It requires a lot of time, attention and accuracy because all orders are made by trader without automated support. This is very useful and helps a trader to be always aware of the situation on the market. Thus, the fact that everything depends on the trader, may cause stress if there are a lot of open orders. But it's always up to traders whether they want to trade or close the position. 

Meanwhile, using automatic trading on Forex has the benefit of removing emotions that is a big advantage for new traders. One can trade with the help of robots even being away and having no opportunity to follow the charts. Unfortunately, auto trading doesn't provide full control over the trading account. 

Copy trading is one of the hottest trends in the world of investment right now. Unlike many other sources of passive income, it is open to ordinary people without large investment capital. Copy trading means using a professional's strategy. A trader subscribes to a professional trader and then copy trading begins. In other words, any position opened and closed by a professional trader is opened and closed in an investor's account. In this case, the trader has very low participation in the trading process.

All three methods are equal in their benefits and can bring sustainable profits. But manual trading can be compared to highly competitive, intense sport like Formula 1, while auto and copy trading are like sitting in a luxury concept car driven by a reliable autopilot.

Raise more profits with FBS

A few statistics from FBS show how profitable Forex trading can be depending on the size of the investment. It's important to remember that investment might be quite a risky business and it's impossible to avoid losses along with profits. Figures say it all. For example, among those who raised profit last month, traders who invested $100 or less during a month got an average profit of 23%. While those who invested $1000 or more received a return from 27% to 55%.

Such a difference in figures may be explained by the fact that people ready to make bigger investments are usually more experienced and self-confident.

Trading on Forex might bring profits, but beforehand it requires due preparation, trading practice, strategy development, and risk management.

04.06.2018

What makes cryptocurrencies a better investment than top tech stocks

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For years, people invested in the stock market considering stocks the most profitable asset. But the advent of cryptocurrency started a new investment era. It has the potential to create huge returns on your investment, but also comes with great volatility and risk. 

Though people talk about the risks associated with ICOs, major financial institutions such as Goldman Sachs and JPMorgan started looking at investing in the sector. 

J.P. Morgan Chase Chairman and CEO, Jamie Dimon, is not as critical on cryptocurrencies as he was before and regrets calling Bitcoin a fraud.

"The blockchain is real," Dimon added in the interview. "You can have cryptodollars in yen and stuff like that. ICOs ... you got to look at every one individually. The Bitcoin was always to me what the governments are going to feel about Bitcoin when it gets really big. And I just have a different opinion than other people."

Despite all negative forecasts Bitcoin prepares to celebrate its 8th birthday and continues its extreme race to $10,000 per 1 BTC. Meanwhile, FAAMG has a serious chance of tech bubble bursting.

To understand the situation better let’s have a closer look at the biggest technology stocks including the FAAMG group on the one hand and cryptocurrencies on the other hand.

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Have you heard of FAAMG, the biggest social media “empire”?

FAAMG unites Facebook, Amazon, Apple, Microsoft, and Google (Alphabet). Recently FANG group removed Netflix but added Apple and Microsoft to evolve into the new FAAMG group. It allows you to buy stocks of the five most popular tech titans of the market.

For the last few years, the tech industry was one of Wall Street's leading sectors for investors. The explosion of Silicon Valley startups made it highly attractive for investments. When such industry leaders as Apple and Microsoft came to the market, most startup companies became a stable stock option.

However, a rough day on the markets might show that, despite the success, those companies may not be a completely secure investment. By the way, some experts fear that FAAMG became so popular that there is a serious chance of a tech bubble bursting. We are talking about the dotcom bubble which was growing since 1997 and exploded in 2001. 

This tech bubble became a nightmare for thousands of investors and resulted in losses of over $5 trillion. It was a result of reckless speculation and irrational investing in unproven or unprofitable business models. Because of this collapse some investment-attractive companies, such as Pets.com and Webvan, failed completely and shut down. The luckiest survived but with heavy losses. For example, Cisco’s stocks declined by 86%, and Qualcomm, lost a large portion of market capitalization.

The lessons of the dotcom era should be in mind of every investor. Even big earnings growth doesn’t protect high-flying stocks from another financial cataclysm. In fact, the best performing companies can fall the most. We advise you to be careful with investing in FAAMG stocks – it’s naïve to hope that they will grow up to the sky forever.

What are the features of cryptocurrencies?

For now, cryptocurrency tends to be the most exciting asset of the 21st century. This decentralized digital currency works on a very interesting and ambitious blockchain technology. It provides superior alternative for people looking for reliable digital payment channels. 

Since 2010 Bitcoin was forecasted to die approximately 173 times, with 93 forecasts coming in 2017. Whatever it is, Bitcoin is a headliner of cryptocurrency market that continues to grow despite all difficulties. 

BitGo Engineer and Bitcoin.info creator, Jameson Lopp, is very optimistic about Bitcoin as the cryptocurrency rapidly gains its popularity and continuously improves.

“Blockchain.info estimates (by removing likely change outputs) that ~$375 billion was transacted via BTC in 2017, averaging nearly $12,000 per second.”

“The value of the average Bitcoin transaction rose from $4,000 to $80,000 in 2017.”

With an increase in the exchange rate by more than 1,300%, the market capitalization of Bitcoin increased to $230 billion, and it was ranked 19th among all world currencies by the money supply M1 (cash plus current accounts). 

More and more experts agree that Bitcoin and its newer rivals have a long-lasting power. In terms of 5 to 10 years, Bitcoin and top Altcoins will surely be around.

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Top 5 cryptocurrencies to invest:

1. Bitcoin – the First and the Biggest

This sophisticated, entrenched platform could allow using cryptocurrencies beyond just financial markets – for digital quid-pro-quo agreements and other revolutionary uses, all thanks to nearly zero transaction fees.

2. Ripple – Venture Capital’s Electric Money

A company behind Ripple is called OpenCoin. It received $2 million in Venture Capital in May. Additional round of funding for OpenCoin‘s evolution into Ripple Labs netted $3 million.

3. Litecoin – 84 Million Coins Faster Than Bitcoin

At 7.8 billion dollars, it has the second or third biggest market cap. It depends whether to consider Ripple to be cryptocurrency or not.

4. Peercoin – The Environmentally Friendly Standout

Said to be sustainable and long-term environmentally friendly because mining will require much less power than Bitcoin.

5. Mastercoin – The Crypto Platform

Developers claim that Mastercoin can be used to facilitate user currencies, so that anyone can make his own crypto.

Cryptocurrencies have a massive potential for returns. There is one statistical fact that makes everyone consider investing in cryptocurrency. Just imagine that $1,000 invested in Bitcoin in 2013 would be worth over $400,000 today. Fantastic, isn’t it?

Try now!

14.05.2018

The right market for beginners: Forex vs. Stocks

If you stand on the verge of starting your investing or trading career, you should know that this is probably the best decision you have ever made. You are very close to have your money make money for you right now. But, before the lucky wind of change will lift your sail, you steel need to decide which way to go. In other words, you should choose the financial market that better fits your personality and investment approach.

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Briefly, financial market is a place or environment where traders buy or sell assets. The variety of financial markets is quite wide from bonds to commodities, and there is no easy answer to the question which is better. Steel, two of the most popular investment avenues are Stocks and Forex.

First of all, you should remember that the two markets have different kind of style, require high trainability, special knowledge, education, tools application, and certain level of risk management skills which come with a pace of time and lessons learned. The other differences are in the type of instruments, where one deals with foreign currency while the other with stocks belonging to a particular company, the market regulations, the parties involved in transactions, and other aspects.

For many people Stock market seems to be more traditional way to make a profit from an investment. Simply say, to invest money you need to buy a small or big share of a company. As the company succeeds, the price of the stock increases. Some stocks pay dividends when the company has done especially well. As you are trading on rise and falls of particular companies, you need to be more oriented on news and rumors than technical analysis, and it can thrilling indeed. Any trader can buy shares of world-famous corporations like Apple, Google or Facebook and rise up to 20% profits.

At the same time, there are few disadvantages of trading in the stock markets. With tens of thousands of companies to choose from when investing, it can be completely discouraging. The stock market can be complicated to say the least. You should always keep your hand on pulse and you never know when a company will decide to go bankrupt or to merge.

Unfortunately, to start off in stock trading, you need at least $2000, and this is usually the minimum amount. For a healthy portfolio, it is even recommend having at least $10,000 to start off, what makes stock trading not so affordable for novice traders.

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Foreign exchange market is globally decentralized exchange currency market, where the amount of currency equivalent to 5.3 trillion U.S. dollars is traded on a daily basis. It is active across almost every time zone and gives traders an opportunity to trade 24 hours a day and five days a week. When market closes in U.S. the trading day starts in Tokyo and Hong Kong. Time flexibility is very convenient for traders who have a busy working schedule. You do not need to worry about market opening and closing hours and feel free to arrange your trade anytime you want.

The fact is that millions of investors choose to trade Forex as it tends to be the best income generating and investment opportunity. Now anyone can become a Forex trader and manage transactions from home or anywhere else easily uploading mobile version of latest trading platform to a smartphone. Advanced IT technologies allowed Forex to double in size during the past decade. 

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What is the most beneficial for beginner traders is that you don’t need much money to start-up with Forex trading. The average Forex broker requires about $100 to open an account and start trading, but there are very attractive offers of standard, micro and even cent accounts with initial deposits starting from $1. Floating spread from 1 pip, 200 open positions and pending orders, leverage up to 1:1000 – all included. Sounds great, isn’t it?

The main disadvantage of the Forex Market is eventually caused by its biggest advantage. It’s huge, and that’s why one can find it rather complicated to follow all the currency pairs. Currency prices movement is usually caused by latest news, rumors, fundamental, political issues, and large regional or global events. The currency market is extremely dynamic, and unpredictable. But with a smart strategy, having enough patience and knowledge, making informed decisions and doing proper risk management Forex trading can turn absolutely anyone into a millionaire. You don’t need many efforts to try yourself as a Forex trader, indeed. So why don’t you try right now?

03.05.2018

Read the updated description of the deposit method via UnionPay card

Dear FBS customers and partners!

UnionPay deposit method was changed on 23th of April, 2018. We created this article for you to avoid any mistakes in deposit process.

1. Log in to your Personal Area and click the "Deposit Funds(入金)". *Green button with characters "入金" in the top right corner of the page.

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2. Choose and click  on "UnionPay(中国银联卡)" button. * UnionPay will be the first in the list of deposit methods, named "中国银联卡" or “银联”

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3. Fulfill the deposit information with Latin letters, then click the button to proceed to the next step *The button you need to click is green, located at the bottom right corner of the page and maked with the characters  "入金"

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4. Please pay attention to the following things on the next page:

The new window will pop up. In this window there will be a special Transfer Notes Number placed in the  "Transfer Notes(转账备注" column. You need to copy this number to complete the deposit process properly. Be sure to fit in 15 minutes (watch the timer in the bottom right corner of the window) otherwise your number will expire and you will have to start over. *The number stays in the same line with the characters  "转账备注"

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5. Paste this number to the "Transfer Notes" column in your Bank Personal Area. When the transfer is done successfully, the funds will get into your FBS account within 1-2 minutes! *You need the line with the characters  "附言" or "转账附言" (usually, it is the last line on the transfer-operating page).

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FBS wishes you successful trading!

23.04.2018

Meet Marrck, Self-made man from Thailand

Marrck was never rich, he started his career with nothing but a strong desire to live a better life. He came a long way from being poor and fighting an endless amount of hard work, to becoming the CEO and Founder of his own company.

Beginning with zero knowledge of FX, he studied, learned how to make profit and decided to share his experience with others. His program “start your trading career from 0” gained popularity in Thailand and brought him the title of the youngest expert according to the Traders Fair Thailand 2018.

At the moment of this interview, Marrck (full name - Satthakarn Chuenkomol) is 30 years old, business owner, philanthropist, passionate traveller and FX teacher to many. He agreed to share with our readers his story of Forex success and give a bit of advice for beginners.

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How did you find out about FX trading? Why did you decide to give it a try?

It was a hard time for me. I had a very demanding job that took up almost all of my time, it didn’t bring me any joy or a sense of accomplishment, I simply worked to survive and support my family. I remember asking myself ‘Is that all there is, is this how my life is going to be?’.

I wanted to live and live big, rich, free. I wanted to travel and explore the world, buy everything I want and take a good care of my family.

You often see pictures of luxury lifestyle on the internet, right?

Yes, it seems absurd sometimes how much money people can spend.

I used to wonder why some people have to work hard just to survive and some people seem to earn an enormous amount of cash with almost no effort at all.  I didn’t know it then, but I understand now.

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It’s not easy to take risks when you have to take care of your family. But I decided that I must try and do something. I needed to find a way to quit my full-time job and search for an opportunity to make more money.

I started saving little by little and created a fund for investing purposes. At the same time, I searched for a good way to invest money and get a high return. A friend of mine told me about Forex and it didn’t seem to me like a good idea at first, but I did some research and decided to try.

What was your goal in trading? What strategy did you choose initially?

At first, I must say, I came to this field with absolute zero knowledge in economics. So naturally, I decided to learn and practice before I invested any real money.

I didn’t have high hopes, I realise now that after reading Forex trading forums, I thought that I might be making a mistake, that I will lose the money I invested and give up hope completely. But I promised myself that I will try and do my best.

So, when I deposited 2000 USD I was aware that I might not get my money back.  But I started trading. I steadily followed the selected strategy and doubled my investment in just one week. I could have said that I was just lucky, and it might have been partly so, but it was not only luck that made it happen. I took time to learn, I calculated the risks, I waited for the right moment and dedicated myself to winning.

Don’t think that I made this profit in just one trade. It took time to learn and it also took great patience, to wait for my targeted profit. I can say for sure, it’s worth the wait. There’s no need to rush, let it work for you, it’ll be a solid result if you put your effort into it and don’t rush.

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In your experience, what are the most common problems beginners encounter when they start trading? How did you solve them?

Usually, beginners want to make money fast. As a result, they don’t dedicate enough time for learning and face numerous losses. I solved this problem by investing more time in self-education, planning and reading the trading news every day.

Right now all I need for trading is a reliable source of economic news. I have a few trustworthy publishers that I read every day and it gives me all the data I need to build my strategy.

Every trader must be aware of what is going on in the market and try to predict the outcome.  It’s always up to you if you want to trade on the news or not, there are different strategies, but you probably won’t gain much profit without keeping track of important releases.

What did you manage to achieve with trading?

I finally quit my job and started to work for myself. My company is already 5 years old and it keeps growing. Of course, we have a lot of plans for the future development, but right now I’m just happy that I have more time for myself.

Travelling has always been a dream of mine, ever since I was little. Now, every year I visit at least one or a few places I always dreamed of visiting one day. It’s an incredible experience when you achieve your goals. Right now I can finally say that I enjoy my life.

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As a trader who achieved success, what are your plans for the future?

I’m planning to expand my business further. Right now, I’m making a new office in Chiang Mai and another one in Bangkok, that’ll be ready by 2020. Also, I have plans branch out and have a daughter-company that is expected to be operating in the upcoming year.

Also, my team and I are working on our international department outside of Thailand. I believe it will bring us to a new level of business and expand our entrepreneur reputation to an international level of achievement.  

Why do you think some people consider Forex to be a scam? What would you like to say to those people?

People who don’t get the instant results they wanted sometimes get angry and blame the market instead of searching for the true reasons behind their defeat. There are plenty of ways to learn and practice without investing any money. You can trade on a demo account first, use bonus accounts and see for yourself if it’s worth it.

What can you say about the current situation with Forex in Thailand?

It’s getting increasingly popular here. Thailand is facing the “Thailand 4.0” which means that the government gives a “green light” to any Forex trading company or a start-up. So it’s 100% legal to invest in Forex.

Of course, all the companies are being watched and should any of them decides to cheat, the government will take necessary measures to stop them. But, there’s no chance that such companies will survive after losing the trust of clients. So, cheaters don’t usually stay for a long time and that’s a good thing.

Other than that, there isn’t anything new happening with Forex in Thailand.

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What are the qualities of a successful trader in your opinion?

A successful trader always has a plan and a backup plan. Who knows what might happen? You can’t always predict every nuance. And if something goes wrong that’s where the backup plan will come in handy.

Time is very important and every good trader should have excellent timing skills. Sometimes you have to know when the right time is to invest, and when it is the right time to stop and so on.

I believe the most important quality of every successful trader is patience. You need to keep an eye on the market, wait and be patient at all times.

Apart from trading, do you have any other interests? Maybe you have a hobby?

As I’ve mentioned before, I love travelling! I always save up miles and points for a nice vacation and make plans for where I want to go next.

I am also fond of meditation. Whenever I want to keep my mind off things I find the time and take a few minutes to meditate, it also helps me a lot in trading.

But for me, it is also important to not forget that there is always someone who needs help. I believe that once you’ve managed to achieve something, you have to share with those who were less fortunate. That’s why I love giving to charity, donating to temples in Thailand and helping people in general.

What is a “trader’s lifestyle” in your opinion?

It’s freedom, you can do anything you want, anything.

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23.04.2018

What will happen to cryptocurrencies?

At the end of 2017, everyone was talking about cryptocurrencies, even people who never traded on the financial markets. In the recent months, however, the interest has declined.

How much will Bitcoin cost?

Where will the price go? 

Is there any point in trading cryptos?

These are the questions you asked us and we are going to answer them in this article.

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