Dear all,


I've agreed to teach and guide you people how to become a affluent currency trader due to what Thiec suggested.

In fact, I can even teach you people how to see (+'s) on your monthly currency trading account statement irregardless of how and where the currency market's moving to.

What I'm trying to do here is teach and guide you people according to my style and if you people don't agree with me, please don't hurl personal attacks and abuses at me.

Please feel free to ask me as many questions as possible and as you like and if there are some questions I can't and won't answer due to certain reasons and factors; like my inner circle's links and so on, you can't and won't find my answers posted here.

Ready?

Set?

Go.................................

Okay everyone let's sit down and listen to Tonnie.

So go ahead with your class.

Everyone is waiting.

Great to see you starting a thread like this Tonnie. I look forward to seeing what kind of info is posted here, thanks again.

Tap, tap, tap........

Now all virtual students in my virtual class.

Good morning, afternoon or evening to all whichever timezone you're from.

My name's Wong Mun Kheong and you can either refer to me as Tonnie or Mister Wong.

Of course Tonnie shall be much better.

Before I start my class, let me tell you what currency trading's all about.

Before civilization implemented the use of currencies in "paper" form, we used livestock and bartered them.

That means when you've a goat and wanted to get a cow from me, you must give me 3 goats in exchange for a cow.

Of course that happened before you were born and I travelled through time to witnessed that.

Now, instead of bartering livestock, we barter money.

Money bartering is currency exchange in actual fact.

That means if you stay, say, in USA and wanted to sell, say a camera for 100 units of USD's, to me and I reside in Malaysia, I must pay you 100 units of USD's.

But Malaysia uses MYR's instead of USD's so I must exchange my MYR's into USD's.

In order to do that, I must go to my local MYR exchange kiosk and pay him a few extra MYR's in order to exchange 100 units of USD's.

Once I get 100 units of USD's in my hand, I'd have exchanged 370 units of MYR's (just an example).

So, that's the activity of currency exchanging.

Now, what determined the rise and fall of the exchange rate?

Many things determined that; such as fundamentals, economic performances, central banks and so on.

Now, what's currency trading?

Currency trading means you simply buy (long) or sell (short) any pair you like.

A pair means 2 countries' currency put together.

Take my above-mentioned scenario for our case study and that's the USD against the MYR.

What actually determined the rate of needing 370 units of MYR's from me to exchange just a mere 100 units of USD's?

From a lay person's point of view, it's rather unfair, isn't it?

There are many main and important factors that determined the exchange rate.

That's when you go deeper into technicals which I'll explain in due time.

I'll teach more to all once everyone's fully understood the very basic.

Thank you.

Class dismissed........




I hope I can live up to everyone's expectations........

Ok what exactly you are going to teach us??

Post all your questions here and I'll answer them to my utmost level best, Sir........

Not a question from me but by going from the topic of the thread, Im sure people will want to know how to make mega bucks But seriously mabye letting people know what you do intend on sharing might be a good start.

I intend to share and teach everyone how to make ultra mega bucks the slowly-but-surely method........

Once people start posting their questions, I'll start answering them one by one........

Hmmmm ok then, whats the slowly but surely method on how to make mega bucks that you are talking about? I guess once people see that or know something more about it, there will be plenty of questions.

When I said using my slowly-but-surely method, it means that he / she / they must NOT be greedy in wanting to make huge wins with low wagers daily.

I know there are too many people out the who thinks that with USD 1k can become USD 10k or more.

My slowly-but-surely method is to make just between 5% to 10% on every trading day between the 144-hour span.

Ok, seriously then... My first question Tonnie is...

Do you use any technical indicators, and if so which ones do you prefer?

And how do you implement them?

Also, which time frame do you favour?

Ok, thats actually 3 questions, but at least it gets the ball rolling.

I don't use technical indicators because I don't know how to use them.

Furthermore, I prefer to land "my profits" manually than engaging auto-pilot.

I don't trust technical indicators.

I've been trading 12 years manually so I better stick to what I know best.

As for your "time-frame" question, I hold all my open positions until it hits my profit limit level.

i think? about the time frame? he meant what period do you use or favour? 1m, 5m, 15m, 30m, 1h, 4h or daily?


so how do you analyse your forecast? fundamental?

Thats right, i am assuming even if you dont use any technical indicators as such that you must at least use some form of charting software as a visual aid if nothing else, by time frame i mean do you look at hourly charts or daily charts or 1minute charts to determine entry points?

I use ticks and 1-minute charts 99% of my time.

I trade dangerously but it's extremely accurate.

I don't analyse but I trade from inner circle news.




Sorry, Sir.

I don't use any charting softwares at all.

I did try using one of them which was sold to one of my friends at USD 27k (yes, a whopping USD 27k) back in late 2001 and before I can even say "cheese", I lost more than USD 500m (yes again, a whopping USD 500m) in a matter of minutes.

I was lambasted by George and the core group.

Luckily, I was able to recover all my losses over the next few days (yes, it took me a few days to recover what I'd lost in a few minutes).

That's why I proudly say ALL those stuffs are you-know-what.

Ok if you trade inner circle news, what exactly can you share/teach people about? Obviously the inner circle news is limited so Im not sure what you can offer? As you said yourself that you dont use any indicators and fair enough many traders do just trade naked, but also you said you dont do any analysing, something that even naked traders need to do. Mabye I missunderstood but seems to me your entire trading is based off news/info you get from elsewhere. For those who cant get that info what can you share exactly?

ok, so it's fundamental analysis then.. thanks.. where do you get your news? if you don't mind sharing.. i wanna learn this fundamentals?

yes, I trade 99% from my inner circle group's new but there are some news coming from them is like 5% inaccurate.

I still do my homework / groundwork when they gave something like 1 / 2 stars rating.

I study tick and 1-minute charts and draw diagrams on them.

Then I watch the flow / trend before deciding whether I'd open a trade or not.

Naked traders trade naked?

Wow, that's interesting.

If and when you're unsure to go, just sit back and relax.

Don't open your positions until you know where they're going.

I didn't say that technical analysis is not important.

Do you know how I started that 1000-pip weekly challenge?

I opened all 22 pairs FXCM's got to offer after studying all of them within 5 to 10 minutes.

I don't study candles nor bars but 10% on forests and 90% lines.

If you need more explanation on my studies, please call me at +60-12-6985022 because it's quite difficult for me to explain in writing (very long and tiring).




Fundamentals play 85% on all major movements and newsflashes contribute the residue.

Tonnie its great that you are offering to help, but a lot of what you are saying, for new people is very hard to grasp. Also Im amazed since you have been trading so long but have never heard of "trading naked" Im not a huge fan of indicators but for new people, indicators and some kind of "system" is very helpful, even if its just a stop gap solution while they slowly learn what is needed to make the transition to not relying so much on a screen cluttered with indicators to tell them something that price on its own can tell them. Then again everyone has their own style and its hard to say what is the best way, but good to see you are offering to share info where possible.

Thank you very much, Sir.

I see my currenct attitude is better than my previous one.

I don't know new traders / people know so it's tough for me to talk their language.

I thought "naked trading" meant trading without sense of direction.

Depending too much on technical gadgets points towards a handicap of self.

Tonnie, could you give us an example of the sort of news your "inner circle" would give?

Yes, I can.

They either come to me via phone or e-mails depending on their urgency.

If the attack / onslaught must happen between a 10-minute period, they'll come by phone.

Anything more than that, they come to my inbox.

If it happens to be occuring after 10 minutes but before, say, 15 minutes and they came into my inbox and I'm not around, I miss the boat.

Normally they'd come like long / short on X pair lock up/ down at X pips.

Very seldom will they come like "Tony Blair agreed with George Bush to launch an attack on Planet of the Apes and capture Michael Clarke Duncan and send him to mentality ward so please upsell all pairs related to the banana currency".

So i would assume that your inner circle has access to inside information at several major banks or hedge funds.

You're quite correct to say that like 30%

They've people almost everywhere from the WH, HoC, IMF, WB, ECB, BoJ and so on.

Even before news broke when speeches were made, they'll have the speeches in hand already.

Just to give you a slight insight.

When certain guy wants to announce something to the world, he must read it from his hand-held paper, right?

On the way walking to the pulpit to give his speech, he'll drop by to photocopy his papers and walk away with his hand-held originals.

Then, he'll go to ease himself and have a fast cuppa before proceeding to the pulpit to give his speech where all press people are waiting with their bazooka lenses.

By the time he eased himself and had his cuppa, we'd have opened all our positions and be ready for our attack / onslaught.

Alternatively, they'll be even stationed within the meeting room so once decision's made, they'll send us our next course of action.

WHY trade 22 PAIRS
when you can master just two or 3 pairs and make PLENTY of money off of them..
just increase LOT size per trade

You listen to news and then look at 1 minute chart and place a trade for 10 Pips Take Profit?

Trading 22 pairs were just one of my ways to hit 1000 pips within 48 hours.

Just a joking challenge.

Reading and confuse... Maybe my english is not good enough.

Much question to ask but i will start to clear my confusing first.

1. I find many statement of yours that opposite with each other.




V.S





2. Sound like you have "spy" or something sound like that to get information. So you work as a teamwork (group of trader that share information among them). That you pay for that information? do you also share your information (i dont think so ) or just use from source?

3. With all information you told us here, I resume that you only have experience with the news that how it effect to a currency and nothing about techincal. Also more deeply, you trade base on source information that send to you not your own skill to have it. How do you DO if "inner cycle" stop provide you any news?


I never heard a trading style like you do.

Insider trading is illegal. Especially if they get things like bernakes speeches and what not. Bernake would go to prison for releasing his speeches before they came out.

I am begining to wonder again tonnie.

I'm not involved with "insider trading" kind of thing, Sir.

Sure dead if I did that.

What you said was correct.

People can be jailed when they release speeches.

What I said was just an example how I work with people who provide "pre-newsflashes" before they become "post-newsflashes".

Something like this.




never mind whther your English is good enough, Sir.

As long as I can catch what you're tryingto say is good enough already.

I know my statements do "contradict" sometimes but it's because the earlier part was to answer some questions and the latter part was to answer another set of questions.

I don't stick to certain form of "trading pattern" throughout my trading years because there are too many options / choices to choose from.

As long as everyone make a few cents here and there is suffice enough.

That's my main / primary concern.

I like your word "spy".

It's interesting, Sir.

However, I've to disappoint you because I don't have real spies spying around for the best tip / forecast / prediction.

As for the "payment" part, yes, I do give a "cut" to them (my core group) for providing information to me.

And as for the sharing part, yes, I can give / share a few tips / forecasts / predictions here and there.

Maybe some of them who have received my tips / forecasts / predictions can tell you themselves how accurate I was.

If I were to tell you myself, I'll be bragging and boasting.

Let those who have received them tell you themselves if they choose to.

I know quite a lot on technical analysis like EW, Fibs and so on but using them isn't as good as getting accurate tips / forecasts / predictions from my group.

If I don't have any you-know-what coming from my group, I'll study and open my positions.

My group have a commitment to me as much as I've my commitment to them.

There won't be any such thing happening like they stopped providing me information or someone goes AWOL.

This won't happen at all.

My trading style / pattern is old fashioned so you might not probably heard of it before.

i agree with you.. Tonnie, you seem to be contradicting what you are saying.. i'm sorry..

anyways, you do sound like your doing insider trading.. just my 2 cent..

are you paying for the news? or you just get it from friends?

It does seem like my statements do contradict at times, Sir.

Never mind.

I agree with what you've said.

My fault.

I don't do "insider trading".

It's illegal.

I can serve time (be in jail) if caught and found guilty.

I don't pay anything for my "news" because I'm one of the inner circle members.

All members do serve some kind of "fees" if that's what you'll call it.

There are 3 categories and these are as far as I can reveal to everyone.

(i) Core: Only bosses.

(ii) Inner: Close to them and experienced traders

(iii) Outer: Not so close to them but with more experience of 7 to 10 years.

thanks for the reply.. so what lesson will you be giving us?

Whatever you want to ask me, just post it here or call / SMS me at +60-12-6985022 or write to me at tonnie_wong19@yahoo.com / golden_dynasty88@yahoo.com or Yahoo! Messenger me.

so how will we get information like news? or can we join your inner circle?

You can get it directly from me if you give me your cellphone number.

I can SMS you my tips / forecasts / predictions once I've some hot tips / forecasts / predictions.

More than 10 forum members are already doing that so you can ask around how good my tips / forecasts / predictions are.

If you're one of my clients / investors, you qualify to be in my inner circle automatically (just for informationand not soliciting for new clients / investors).

well you can email me.. i will PM you my email address.. thank you!

I'm waiting for that, Sir.