I went to a seminar organized by Capital Weekly magazine, DBS bank and M-finance.net. Lately, the banks in hong kong are pushing quite aggressively on offering forex trading. DBS has an advertisement on the Standard newspaper almost everyday hyping about forex trading.
DBS Bank hk.dbs.com
I was quite surprise at DBS bank, such a large banking institution offering a sub-par product. The spread on most to the pairs are 8pips. Ex. Gbp/Usd is 8pips spread. Market maker like fxcm.com and forex.com are offering better spread than DBS bank. My favorite market maker Migfx.ch is offering 3 pips spread on Gbp/Usd. What is the problem here???
Another thing, their charting software sucks. I think the only competitive edge they can offer is the DBS brand. That it. Other than that, I don’t know how they can rope in con those aunty and uncles to trade forex.
[tag]M-finance.net[/tag] m-finance.net
The Ceo is a very good speaker. I am sure he incurred many battles scar on the forex trading. He does understand the forex trading environment. The next question to ask is – ‘Is he a good trader, too?’. Something I will never knows.
He offered four golden rules for entry. 1) Sell on Resistance 2) Buy on Support 3) Sell on Breakout of Support 4) Buy on Breakout of Resistance. The question is – Is your line of Resistance and my line of Resistance the same?
[tag]Capital Weekly[/tag] magazine capitalweekly.com
I need to poke fun on this magazine slogan. It’s ‘For the Rich and Powerful’. I am wondering if Mr. Li Ka Shing or Mr. Donald Tsang read this magazine. Check out Business Week slogan ‘Smarter, Faster, Richer’.
Check out Business Week Mission Statement
Our mission is to inform and inspire
business leaders to make smarter decisions
in their professional and personal lives.Through passionate voices and provocative
viewpoints, we create an open dialogue among
a global community to generate and share ideas.We offer the actionable insight affluent
professionals need at every stage in their career —
whenever, wherever, and however they want it.”Stephen J. Adler
Editor-in-Chief, BusinessWeek
After reading their mission statement, wouldn’t you want to go out and subscribe the magazine.
Let look at Capital Weekly Magazine again –
For The Rich and Powerful
All I can say…Dream On…
Popularity: 16% [?]
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