STAGE TWO: LEARNING THE INS AND OUTS OF THE TRADING BUSINESS

Once you know your natural wealth path is the trading game, you would invest, first, your time to learn the ins and outs of the trading business. I can tell you that you do not need to have any degree of finance to learn this business. Most of the financial subjects are not as hard as what you thought. What it needs is your determination to succeed and an average intelligence. As I mentioned in previous posts, trading success is 20% technical and 80% psychology. Emotional intelligence (EQ) is more important than technical intelligence (or in other words, Intelligence Quotient (IQ)).

Most Wall Street and financial planning people tried to make financial subjects complicated so that an average person would not be able to understand them and hence hands his or her money to these people to invest! This is a fact as detailed in Robert Kiyosaki's online book "Conspiracy of the Rich". Today you've seen many such examples in Wall Street already exposed to public such as Bernard Madoff, Allen Stanford, etc.

Below are some free resources that I find useful for you to get started:

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Stay tuned!

STAGE ONE: ARE YOU DESTINED TO BE A NATURAL TRADER?

Continuing from my last post, I cannot emphasize more than enough that first and foremost, you must know WHO YOU ARE before embarking on the trading career. Trading is NOT the natural wealth path for all people!

If you are a natural creator like Bill Gates or Richard Brandson you should pursue your creator path. If you are a natural star like Michael Jordon or Tigers Wood, you should pursue your star path. If you are a natural trader like George Soros or Jim Rogers, you should pursue your trading path. Etc. For more details, please spend a few hours to read the execellent book "Your Life Your Legacy" by Roger Hamilton. You may download free by clicking on the link provided at the end of this blog or you can email me to get a free pdf copy.

At the end of this blog, you can also find a testing tool called "Wealth Dynamics Profiling Test" to help you find out who you are before making decision which natural wealth path you should pursue.

I've never met Roger Hamilton in person before but I do not care about his real person is but his works have made me intrigued and urged me to explore the puzzles and interconnections in peope lives in relation to our universe and human well-being as I'm a part of it. At my age, life failures and successes have provided me sufficient feedback on who I am. So if you're younger than me, you may save your time wandering on finding what your wealth path is by leveraging on other people's experiences and those who have already achieved it. Many successful people coin it "success modeling".

I read somewhere that trading success is 20% technical and 80% psychology. Nothing is more than that true. Many people learnt all fancy technicals but still unsuccessful. Some use simple technicals and have achieved great successes. So what are the other puzzles missing? Well, I believe that pyschology is very much related to personality, and to certain extent, natural talent. George Soros or Jim Rogers or Warren Buffet can tell you all what they did for many years but how many people following them are really as successfull as they are?

In short, you must know beforehand if the trading game is your natural wealth path before you invest time and/or money to pursue it. If not, you're not wasting your time on reading this blog, you will know which paths you should focus on to in synch with what you are born to be. You may like to take a Wealth Dynamics Profiling Test by clicking on the link provided at the end of this blog.

HOW TO GET STARTED THE TRADING BUSINESS?

As promised in the last post, I provide here for those of you who have already discovered the trading game to be likely your natural wealth path.

In fact, there are tons of free materials on the internet to tell you how to get started the trading business, some genuine and usefull, others simply marketing. In this post, I provide you my own experiences of failures and successes that I've gone through with this business.

Trading is NOT EASY as some of the materials on the internet telling you. The two key points are that

1. You have to make sure that the TRADING BUSINESS is in sync with your natural talents and habits. The TRADING BUSINESS is NOT for all people! You may want to find out whether you are suitable to this business or not by taking a Wealth Dynamics Profiling Test (provided at the end of this blog). If the result is not, then you'll know which line of business you should pursue according to your natural talents and habits.
   
2. I cannot think of any traditional business which provides:

• Freedom of place where you can run your business. You could sit on a beach and do trading!
  
• Freedom of where you want to live as long as there is internet connection.
  
• Freedom of how much you plan to make, depending on your talents and skills. The market is able to provide you profits of millions USD per year. George Soros made over 1 billion Sterling Pounds just over night!
  
• Freedom of relationship. You want to work with whoever you like, not just because that you have to stick with a person or group of persons to get some benefits out even though you don't like that person or group of persons!
  
• Freedom from dealing with daily human factors involved in your business such as suppliers, customers, employees, etc. Today, the trading business is run on the internet based systems and tools. As such, automation is a large part of it.
  
• Global business with the largest turnover of over 3 trillions USD per day for forex market. Other markets such as stock, options, futures are smaller but big enough for your millions game.
  
• Freedom from the world or local economic booms or busts like today's economic crisis in most parts of the world does not affect the trading business but even created more opportunities!

I divide the startup for the trading business into 5 stages as depicted in the diagram at the top of this post.

1. Stage One: Find out Who You Are and If the Trading Game is Your Natural Wealth Path.
2. Stage Two: If you are a natural trader then embark on the learning of ins and outs of the trading business.
3. Stage Three: Open a demo account with a broker then start trading with virtual money.
4. Stage Four: If you are confident making money in your demo account, it is time to move on to the next level of trading with real money.
5. Stage Five: As you learn by trading small real money, increase the trading capital as time and success go.

In the following posts, I'll write in detail what exactly you may do to help you on your journey to successful trading. Stay tuned.

HOW DO YOU KNOW THE TRADING GAME IS YOURS?

I've been asked by a couple of friends if the trading game was suitable for them. In 2008, when a friend of mine from Australia on his vacation in Vietnam, I personally trained him for a month and a few months online afterward on trading equity options, his success has been so far limited. However, two of my previous trainees have become full-time traders and living a great lifestyle. Their results have been even better than mine.

Since then, I'd been in doubt if the trading game was the cash engine for all people as most forex related websites on the internet advertise. Then I came across the excellent works by Roger Hamilton on Wealth Dynamics, which reinforces the fact that there is about 5% of participants in the forex market to be successful. In other businesses, the success rate could be similar 5% but most are between 10% and 20%. Some of you already know the rule 20/80 and 10/90 in most aspects of life. In the forex trading business, the rule is 5/95!

I provide here above a generic process of self-discovery for your own path to true wealth. You can look at the picture above, the first thing you could do is to take a Wealth Dynamics Profiling Test (by clicking on picture of the Wealth Dynamics Profiling Test at the end of this blog), which is the work of Roger Hamilton. Based on the test result, you will find what your passions and natural talents are. Only then, you could take the next necessary steps to focus on what you are good at naturally.

In the next article, I will recommend what the next necessary steps are for those of you who believe that the trading game, including forex market, is likely your natural wealth path.

Good luck with your journey to true wealth and stay tuned!

WHAT IS TRUE WEALTH?

Is it having lots of money makes you wealthy? Well, it might make you rich but being wealthy requires more than that.

Simply put, being rich is very much related to how much money you have. Being wealthy requires you to have 5 elements making up a pyramid as depicted in the picture above. The reason of having a pyramid structure is that as all of us know the fact: pyramids have existed and endured the test of time. It is the very structure of nature that has similar implications of endurability in other areas such as human wealth.

In the True Wealth Pyramid:

1. MONEY: Having abundance of money gives us things that we desire in our lives such as nice houses, cars, toys, interesting holidays, good times with familiy and friends, etc.
   
   
2. TIME: Most people will sacrify time for money, rich or poor. In my opinion, only about 5% of the world's population has both time and money. The fact is that everyone of us has similar amount of time in this world. For this very reason, time is the most precious asset.
   
   
3. HEALTH: What is the reason of having money but poor health? good health gives us energy to do what we love to do and enjoy the gift of life.
   
   
4. RELATIONSHIP: As Warren Buffet once said money gave him the freedom of choice whom he likes to work with. Many people are slave to social relationships because they want to trade off for financial or other benefits.
   
   
5. GIVING: I don't know but the fact is that richest people on earth are giving generously to good causes. The more they give the wealthier they get. This is the universal law.

You and I already know that Michael Jackson is a rich person. He had lots of money but importantly he died leaving behind a phenomenal music legacy for all of us to adorn and to enjoy. I respect him as one of the great artists of all time. But he died miserably with stress of financial burden. He is not a wealthy person!

Bill Gate is a true wealthy person. He has money, time to do what he loves to do, freedom to choose who he wants to work with, financial resources and time to do giving through Gate & Melinda Foundations. Well, he is exceptional, you may ask. There are hundred thousands of true wealthy people all over the world but they are unknown to you and me, and they do not need to. They enjoy the lives given to them on this planet unlike the rest of 90% of the world's population.

Life has never been a fair play for all people. The key thing is that if you and I want to belong to 10% of this privileged few, we have to understand the rules of life and play them according to your natural wealth path. If you haven't found the wealth game of your life, you may want to take a test of who you are and what your natural wealth path is by clicking on the WEALTH DYNAMICS PROFILE TEST at the end of this webblog.

I already found my natural game of true wealth. I love the game of trading. I live it everyday. It's my play not work. Besides, I love exploring and writing about wealth topics.

Timothy Truong

PARTNERSHIP OPPORTUNITY FOR FRIENDS ONLY

Hi Friends,

I'd like to offer an opportunity of partnership with you who's already met and knowing me for years.

In this model of partnership, I'd like to create monthly cashflows for you and me through the use of money from banks, specifically using the bank money via CREDIT CARD facility available to most of you. The money will be used to trade on FOREX market. The gross return objective is between 20% to 50% per month on invested capital. I've been doing this and am doing this for living. Please see my track records above. This is a lucrative and fun partnership.

The overview of the partnership is depicted in the diagram above.

1. You have a credit card with a minimum credit limit of 2,000 USD.
2. You open a forex trading account under your name with a reputed and NFA/FSA - regulated forex brokerage company such as FCXM, Deutsch Bank, OANDA, etc.
3. You deposit the trading capital to your trading account via your credit card.
4. You grant me permission to access to trading on your account to generate cashflows. Since the account is opened under your name, no one but you can withdraw the fund from this account.
5. Profits from the trading account is withdrawn to your bank account on monthly basis.
6. The gross profit is split between you and me on negotiable basis.

If you are interested in this partnership, please feel free to contact me for further details at:

Cell phone: +84 909 325 111

Email: timothy.vinh.truong@gmail.com

SKYPE: timothytruong

We're now living in the turmoil of the world's financial and economic crisis and moving toward depression which is predicted around 2011. I have friends who lost jobs, business dramatically slowing or shut down, family breakup, etc. However, it is the very crisis which has created tremendous opportunity for people with a different mindset compared to the rest 90% of the world's population. To name a few "big": Jim Rogers, George Soros, Richard Brandson, Anthony Robbin, etc; and a few "emerging": Jamie Mcintyre, Rogers Hamilton, etc; and a few "newbie": maybe you and me if we really want to!

Trading forex specifically and other financial instruments is my passion and, according to Rogers Hamilton's Wealth Dynamics Profiles, natural flow.

Happy Journey to True Wealth,

Timothy Truong

IS TRADING YOUR NATURAL WEALTH PATH?

Having found out what your natural path to true wealth is, you should invest time and effort in building around your natural path to true wealth, be it entrepreneurship, import/export, corporate, financial, etc.

If your natural wealth path is in the area of financial trading you have come in the right place.

The hard fact is that only about 5% of market participants in forex, stock, options, future etc, markets are successful. You have to accept this fact and first of all, you have to find out:

• WHO YOU ARE and
  
  
• IS TRADING FOREX or STOCK or OPTIONS or FUTURE YOUR NATURAL WEALTH PATH?

There are tools out there which can help you find out who you are and what you can do best naturally according to your natural wealth path. You may want to take a test by clicking on the WEALTH DYNAMICS PROFILE TEST at the end of this blog.

Source: www.resultsfoundation.com

WHO YOU ARE AND WHAT YOU DO NATURALLY WILL TELL YOU IF YOU'RE ON THE PATH TO TRUE WEALTH

If you are like me, struggling through life with financial problems, love, freedom, business, etc, I'm going to provide you one of the great tools which looks at true life success through a new perspective of who we are and what what we should do to achieve true wealth, of which abundance of money is a part.

So let's get started.

Before I introduce you the above mentioned tool, I'd like to talk a little bit about myself. I'm an ordinary guy, went to to schools, graduated with degree of Electrical & IT Engineering, worked with large corporations, then went back to MBA school, struggled with having not enough money and time, sometimes exhausted and wondered if this was all about life? Every day I woke up, it was a burden to make a living. In early 2000, I made decision to look for answer of my question:

Is it possible to have a life which provides me abundance of money I want; enough time to do what I love to do; having abundance of resources to help who I want to help; and die happily?

My question then deemed ridiculous for 90% of the population of the world. But through out the last 8 years, I've found the most of the answers to my question.

I realized that before me, many people also had the same question and they've already had their answers and living them. To mention a few: Jim Rogers, George Soros, Anthony Robbin, Jamie Mcintyres, Roger Halmilton, etc.

Regarding to the question: WHO AM I? I found that Roger Halmilton came up an exellent answer in answering who we are. The idea is that each of us was born with a natural talent which if know who we were born with, then tapping into this powerful natural "resouces" within ourselves, true wealth will come naturally to us since we are in harmony with nature.

You may want to take a test by clicking on WEALTH DYNAMICS PROFILE TEST below to find out if you are a potentially successful trader or you should follow your natural path to wealth and build your wealth around your natual talent.

Timothy Truong