No Bullshit Forex Blog, A Part of No Bullshit Network

Hi Clarence! Thank you for accepting the interview with us on No Bullshit Forex Blog,

Q. Tell us more about yourself.

I graduated with an accountancy qualification from the Chartered Institute of Management Accountants (London), and have worked in the Civil Service, Statutory Board, Multi-national Corporations, as well Small Medium Enterprise companies. In between I have traded full-time on my own with a bucket-shop (1994-1995) and Phillips Futures (1998). I have also traded part-time with Ong’s First Chicago in 2001 where I witnessed the chaos in the financial market on 911 itself. Besides forex trading, I have also traded stock index futures, as well as commodity futures.

Q. Do you trade full time?

Currently I am trading forex part-time. I plan to go full-time trading sometime next year.

Q. Do you have a trading regimen to share?

There are three aspects in financial trading: method, mindset and money-management. Many amateur traders are more interested in finding the right method for their trading. Actually, of the three aspects in financial trading, the least important is the method. The most important aspect is money-management, for without proper money-management, one can lose his trading capital in no time, even with the right method.

Another thing to note is that in order for one to be a profitable trader, he must have the passion and discipline to analyze charts. Many amateur traders, instead of spending their time in analyzing charts, spend their time instead in looking for trade signals. Personally, I spend more time analyzing the charts than looking for trade signals.

Q. Which forex broker are you using? Why?

Currently I am using InterbankFX as my online broker because of their user-friendly Meta-Trader Platform which allows the use of expert advisers. However, I am in the process of transferring my trading account to a local (Singapore) broker, which most probably is going to be Phillips Futures. Though many local traders do not like to trade with Phillip Futures because of their commission, I find their commission is affordable as it is less than a pip. I will be still using the Meta-Trader Platform for my analysis while executing my orders through Phillips Futures.

Q. I know that you’re running an online forex club. How many members are there and what stuffs do you usually discuss in the group?

Currently we have 154 members in our Forex Club which more than half are residing outside Singapore. I plan to use the group as a platform for me to provide live-time support for all our Dynamite TNT students. (Dynamite TNT Forex System is our very own proprietary system which we are teaching to local members in our monthly workshops, as well as to our global members through our soon-to-be launched ebook.) We encourage our TNT students to post their trades, including losing trades, at our group, so as to encourage others to have confidence in the system, and also for me to monitor the performance of our students, including diagnosing any losing trades. Members who are non-TNT students can also benefit from our Daily TNT Market Analysis and Updates which they can use as a guide for their own trading. On top of that, we also have ebooks at our file section which our members can download them to their computer for their own personal reading.

Q. Can anyone who is interested to learn more or even want to participate in your forex discussions join you? How?

We welcome anyone and everyone to register as members of our group. Yes, all members are free to discuss topics related to forex trading. In fact, I am planning to help those (non-TNT students) who are making loses in their forex trading by asking them to submit to me their trading systems for me to diagnose the problem in their system. I believe that many amateur traders are not able to trade profitably consistently not only because of poor money management but also because of using the wrong combination of technical indicators in their trading system.

Q. I notice you’ve developed a system as well and already have a bunch of followers, can you tell me more about it?

Yes. As mentioned before, the name of the system is “The Dynamite TNT Forex System.” This system was developed because 95% of retail traders lose their money to the institutional traders. I have done a study on why retail or amateur traders lose money, and most of the reasons I found has to do with wrong identification of market trends and turns (i.e. differentiating between reversals and retracements), poor timing for market entry and high risk-reward target profit. Since the system is able to help traders to identify these 4 Ts (trends, turns, timing and target profit) correctly with a high probability of trading success, I decided to name the system Dynamite TNT Forex System, where the TNT refers to the 4Ts.

Q. Neat! Can we get to learn the system anytime soon?

For our local members, they have started learning the system at our monthly series of workshop which we started last May. Currently in August, we are already into our 4th Intake. Each intake undergoes 4 sessions of each 3 hours. Participants can reseat as many times as they want to subject to vacancies. We charge only a few hundred dollars for each participant. As for our global members, we will be launching the ebook on the system using the clickbank platform this August at a very affordable price of USD47.00, which includes live-time support from us.

Q. How do you find No Bullshit Forex?

I am glad to see “No Bullshit HYIP” moving away from HYIPs towards forex trading, hence the change in name to “No Bullshit Forex.” I believe that forex trading, unlike other financial markets, is a better path to financial independence as it is a near perfect market due to its high liquidity and 24-hour availability. The recent sub-prime problem, which causes much chaos in the financial markets, gave forex traders the opportunity to profit from this chaos.

Q. Is there a possibility to invite you over as a guest blogger?

Yes, why not. It is definitely my privilege to be your guest blogger. I hope that your members can also benefit from my trading experience. Even though currently I am not a blogger, I do have plans to have my own blog in the near future so that others may also benefit from my own experience in forex trading, even though they are not our students.

Q. Give us a good and nice forex quote to end this interview.

Here’s something I think all amateur forex traders should take note and bear in mind: “Experienced traders look at risk levels while inexperienced traders look at price levels.” In other words, forex trading is basically about risk management.

Thank you for sparing time with us

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