He has also ventured into coaching other aspiring Forex traders through his own company Actions To Wealth ATW together with his own Forex Mentor, Paul.

I had the pleasant opportunity to interview him over a drink about Forex Trading. I came from a middle-class background, and back then I used to sail competitively as a career. In fact, I represented Singapore and have even won many awards including the Asian Games Gold Medal.

I used to have a lot of free time off-season when I am not training so I looked into several ways to make extra money without having to look for a regular job like other people. After many months of researching, I decided to take the leap of faith and decided to focus on Forex. I used to buy US stocks, and if you know, the stock market has certain opening hours.

The New York Stock Exchange for example opens about 9. However, the Forex market is open 24 hours every weekday, and I am able to choose when I want to trade. I realised that at any one time, there is always a bank somewhere around the world that is open.

And sometimes the opening hours even overlap.

Are profits from FOREX Trading taxable in Singapore? | The Independent Abecedarian Blog

As long as people in the bank are working, the Forex market will be running. Well, I have been sailing full-time and only trading Forex part-time back then. And it was during while I was wondering if I should start a new Olympic cycle that I attended one of those seminars on wealth creation. Something the speaker said struck me, and it was about how to take something you are good and passionate about, and turn it into something powerful to share with people.

After a few years, I started Actions To Wealth with my mentor Paul in , and started out teaching within friends and family. The primary reason is that I get to choose the time and place I want to trade. Personally, I like to go in other investments too but the time where I can work on that is limited unlike Forex. Since I started, I only needed about 10 mins to look for setups and enter a trade. Since I am always on the move, this flexibility is of high value to me, and I believe that other people, if busy or moving around and even travelling, can benefit from Forex trading.

All you would need is an internet connection and a laptop, and you are good to go. In fact, I only use it to check my trades now and then but never to enter a position because you need to proper tools to search for the right setup to enter the market.

Just watch out for red flags signalling a scam or mediocre service before deciding on one. On another note, unlike other Forex training courses, I train all my students with Paul directly in small batches so that everyone can get a more wholesome education.

If someone is willing to make a change in their life, and want more than the generic trainer teaching Forex only, we are more than willing to help out with our education.

In fact, we are real traders who have traded on live accounts together with our students. We have this facebook group all our students get to join once they attend my coaching program, and I have been getting great feedback there.

I also have a some students e-mailing me sharing their success trading Forex even since mentored by me or Paul. Like all educational programs, the success has been varied. However, I need to stress that I simply cannot foresee how much a student can achieve honestly because how much they want to succeed is up to them.

Alfie is a Business maniac by day, and Forex enthusiast every few hours. He believes in balance of everyday life, and seeks personal development to achieve Whiz Kid status. By night, he is a Dreamer planning bigger and bigger things.

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