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Why you shouldn't pay your hard-earned money to learn forex from Choo Koon Lip. Forex Asia Academy Is Not An Education Provider.

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Wednesday, January 19, Why I Am Blogging This? I have been pretty frustrated with CKL's unscrupulous way of making money. He charges sky-high fees to teach forex basics and then subsequently making more by getting people to trade using the automated platform trading.

If you don't believe that these platforms are bad for you, financially then please open a trial account and create 10 different accounts to trade with different systems for 1 month. I have grew tremendously by learning things the right way and only from people with a good track record.

Those who are not afraid to show their trade statements. CKL never did show us any of his trades because I think being an 'educator' is more lucrative than actually trading the market.

And also NOT to make my mistake for letting some guy with some misled publicity ruining your trading experience.

Posted by Forex Asia Academy Scam at Share to Twitter Share to Facebook Share to Pinterest. Why One Should NEVER EVER Trade Using the Automated Platform. He mentioned that it's a good platform for those who are 'too busy' to trade but still want to make a good monthly income.

He taught us on how to trade and how to select the strategies to achieve our 'desired' income. I lost USD 5, in one month, letting these stupid systems trade my money away. See these systems were created using a set of technical 'rules' by the system creator with different strategies to enter and exit. And it will only work perfectly if the market behaves well and there are no major news to skewed the movement of the charts.

So when a major news struck like the DJI dropped sharply by points the automated trades were affected tremendously. Almost ALL Stop Losses were HIT instantly. Not only that, the forex bid ask spread could also change anytime. You are not alone in this market, and if you think no one can see your trades you are so WRONG. The forex brokerage could see where your Stop Loss at, Take Profit level at, Trailing Stop at..

Because u see, the big boys play the game differently and you being the small fish.. They could also delay the pricing on your platform to their advantage. He would be responsible and reveal all possible scenarios before asking u to plonk in your dollars.

He's currently promoting it on his FB site on the Automated Platform Trading preview here in S'pore. See, I told you, it is VERY LUCRATIVE for him just being the PROMOTER of this automated platform thingy.

If not why would he keep promoting to trade using this method? There's no skilled needed, only an idiot with money and internet connection. Why I Have a Problem With FAA's Teachings? Well, first of all..

CKL describes what forex is all about, what is a pip, how u derive a pip, what are the major currencies and that's about it. It's just that he took the time to compile the info and make it into a nice lil' presentation.

Second, CKL has no knowledge on Technicals at all. His technical analysis are really basic, and he does not provide any insightful details on why the candle behaves a certain way and how we could utilise these charts to trade more efficiently.

Third, CKL's 'famous' trademark Strategy Creation Process. Don't let the title fool you. There's nothing sophisticated at all about the strategy and does not work most of the time.

He's even got a disclaimer there that it only works given a certain market condition. He's only giving u the nicely painted picture but these strategies are very dangerous in the sense that it does not account for major market movements like back in May when DJI dropped 1, points in a technical glitch. Allow me to point that out to you: Opening an Alpari account und er his referral. If you can't trade on your own.. Join CKL and friends but waaaiitt..

Whatever he does, it's with a business mindset in his mind. I'm not saying that's wrong but he's giving all that 'great money making idea' but he is not an educator. He's giving u the 'hope' of maybe making a killing in the forex market with ALL that pips you could ever dreamed of making.. But does he care? If he does care, h e would NEVER EVER introduce AUTOMATED TRADING TO ANYONE.

Outline of the Course. Forex Brokers Alpari UK Account Setups MT4 Trading Platform Pending Orders Trailing Stop 3. Why You Should Never Learn to Trade with Forex Asia Academy.

I was unfortunate enough to have attended Choo Koon Lip's class in hopes of learning to trade in the forex market. After reading the reviews from the internet on how he's the best forex educator in 'Asia', I decided to pay down SGD 4, to attend his course and boy, do I regret it. This blog is mainly to keep those who are intending to attend his lessons to think twice because whatever he can teach u can be found online at NO Cost! Why One Should NEVER EVER Trade Using the Automate Why You Should Never Learn to Trade with Forex Asi About Me Forex Asia Academy Scam View my complete profile.