The Equilibrium, Training the Money Mindset

Kenneth Kam

Description

Currency trading is a lucrative market. However, Forex is not for everyone. Without the tools to overcome fear, uncertainty and addiction, it might prove to be a completely disastrous journey that could lead you to hit rock bottom, instead of pulling you out of it. "Successful trading requires 10 per cent skill, 10 per cent luck and 80 per cent mindset." says author and millionaire trader, Kenneth Kam. Kenneth adheres to this notion completely and in this book, he places deep emphasis on taking a calm, disciplined and focused approach to the markets. He also paints a clear picture on how to tune your self-management skills while succeeding at risk management.

The Equilibrium charts Kenneth's unique Forex journey and explains how mindset, determination and strategy play important roles. Also included are his valuable life lessons as he shows you how to avoid life's curveballs and helps you shape a better future. "After reading my book, I want my readers to exponentially increase their ability to acquire wealth as traders. If they don't choose to be traders, the lessons learnt will also come in handy for any other business ventures.

Sujets

• Wealth Management
• Economie gestion
• Economics
• Business
• Finance

Informations

• Publié par: eBookIt.com
• Date de parution: 27 septembre 2017
• Nombre de lectures: 0
• EAN13: 9789811149009
• Langue: English

Extrait

THE EQUILIBRIUM
TRAINING THE MONEY MINDSET
Trade Secrets Of A Successful Entrepreneur,
Finding Balance Between Forex And Life
 
2nd Edition
 
KENNETH KAM

Copyright © Kenneth Kam Pte Ltd
ALL RIGHTS RESERVED. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the publisher and authors.
PUBLISHED IN EBOOK FORMAT BY
Kenneth Kam Pte Ltd
Level 39, Marina Bay Financial Centre Tower 2,
10 Marina Boulevard Singapore 018983
1st Edition (2016)
2nd Edition (2017)
CONVERTED BY
eBookIt.com
http://www.eBookIt.com
ISBN: 978-981-11-4900-9
DISCLAIMER
Although the author and publisher have made every effort to ensure that the information in this book was correct at press time, the author and publisher do not assume and hereby disclaim any liability to any party for any loss, damage, or disruption caused by any errors or omissions, whether such errors or omissions result from negligence, accident, or any other cause.

 
My mum has been my pillar of
support all my life.
~ • ~
She’s my inspiration and
strength and the reason
I never gave up.

RISK DISCLAIMER
Foreign Exchange or Forex trading carries a certain risk level and may not be suitable for all investors. Its inherently high degree of leverage can be an advantage as well as a drawback and past performance does not automatically promise future results.
Before deciding if you should invest in Foreign Exchange, you should learn the risks involved in and associated with Forex trading. Also, be sure to take into consideration what your objectives are, how much experience you have and how much risk you can afford to take. Investing money that you cannot afford to lose is not a wise move as it is not beyond the realms of possibility that you could sustain a partial or complete loss of your initial investment.
The information in this book is meant to supplement, not replace, proper financial advice and training in Forex trading. Consult an independent financial advisor and ensure that all your questions are answered and all doubts cleared before you proceed.

Testimonials
“I myself have traded for more than nine years and am humbled to say that Kenneth offered me new insights. His risk management practices speak of him as a person of responsibility and integrity. To a trader, proper risk management equates to profitability. I have seen Kenneth trade and vouch for his profitability. As a trader I am humbled to say I admire and respect Kenneth!”
YOSHIKAWA SHIN SAKU
OIL TRADER (PHYSICAL AND PAPER)
EASTPORT PETROCHEMICAL (S) PTE LTD
“Everyone fails at some point of life, but not many emerge much stronger, the way Kenneth has. In Kenneth’s book, he talks about the challenges in his life and then shares how he has mastered his life through mindset mastery. Kenneth’s book is nothing short of inspirational, and motivates one to conquer his/her challenges and be successful in life!
I was privileged to meet Kenneth in person. After just one meeting, I could feel that he is a sincerely generous person. Kenneth’s book has given an accurate representation of the person that he is.”
JOSEPH TAN EE LENG
CSO
SESAME WORLD TECHNOLOGY (B) SDN BHD
“Kenneth has condensed his years of experience in The Equilibrium: Training the Money Mindset into easy bites which anyone can easily understand. Whether you are already trading, thinking of trading, or even just trying to find life lessons, you will be able to find advice and implementable suggestions from this book. Take a read and transform your thinking and your life.”
EDWIN ANURUDDHA CHOW
ASSISTANT MANAGER (PROJECTS & EVENTS)
SAFRA JURONG – PLAYGROUND AT THE CANOPY
“When I was in university, I learned about principles such as mindset and consistency, connecting with people and giving. Back then, I watched the people around me, and how they applied these principles in their lives. Then I met Kenneth who reminded me again of those principles but in an indirect way. More by doing, more by modelling it. He showed me that in any situation or stage in life, it is possible to reset and reach your goals. There aren't too many like Kenneth who showed me that it’s possible to come back from failure, bigger, better and stronger than before. He has definitely inspired me to give back to people, to live an independent life, to set clear goals and milestones. By following Kenneth’s example, I’m looking forward to a future full of caring and empathy, with drive and ambition, and with powerfully innovative thinking.”
ANDRÉ BÜRGER
HEAD OF INNOVATION & DATA
BURDA INTERNATIONAL
“Many years ago Kenneth Kam, another friend and I wrote a song together, called ‘Season’. Kenneth is a great singer. It was encouraging and motivating to hear and see Kenneth go through the different seasons in life and come out strong. For in my life, many seasons were not easy and almost caused me to give up. But his live example has encouraged me to see the possibilities through the challenges and risks. He offered me more than just advice. He became a friend and a companion who brings laughter to my life. Besides being a great business mentor, he also shows care and concern for my family. I believe that if you learn his skills of mindset and how to apply good character, like I did, it will help you through all your seasons in life too.”
WENG KONG LOH
INTERNATIONAL REPRESENTATIVE
JAPAN
“When I was first introduced to Kenneth, I was experiencing a mindset bottleneck. It was extremely frustrating to be stuck and not know how and where to move on from where I was. The lessons I have learnt from Kenneth’s life stories and interaction with him have been simple yet effective. He has taught me what I really need to do is to be the master of mindset... a clear life purpose, laser focus on the goals and be prepared for opportunities. Besides being successful in his work, Kenneth has been involved in several community education projects to sponsor the lesser privileged. He is definitely living a purposeful life with a strong conviction to contribute to those who need help.”
CAROL HOON
TALENT DEVELOPMENT & SUCCESSION PLANNING PROFESSIONAL
SYMRISE ASIA PACIFIC
“Kenneth Kam exhibits the kindness and generosity to which I am extremely grateful. His support of the Singapore Management University (SMU) through his setting up of the Kenneth Kam Scholarship programme recognises highly talented students who encounter financial hardship – those who might otherwise fall through the cracks and out of the education system. If it wasn’t for his programme the world may be deprived of these potential future world leaders. His involvement and philosophies continue to inspire other students towards greatness too, but most importantly, to what it takes to achieve the right mindset towards life. His new book, The Equilibrium , will no doubt continue to change people’s lives in a profound way.”
RICHARD GIAM
SENIOR ASSOCIATE DIRECTOR
SMU
“I met Kenneth by chance at a function in Bangkok and being a seasoned investor I took an interest in his trading and we struck up a good rapport. Kenneth has a clear insight into the currency market and is a skilled Forex trader. He has certainly changed my ideas on trading as an investment for passive income. Well done Kenneth. It’s a pleasure to know you.”
ANDREW DAVIS
MANAGING DIRECTOR
ORCHID DIAMONDS
INTRODUCTION
WELCOME TO MY LIFE
I’m just an ordinary man.
Born to strict Asian parents to whom academic success meant a great deal, I grew up in a little home with no fancy decor or silver spoons. But what I had, was a vision.
KENNETH KAM
Reminiscing on my life’s journey, it seems like it truly began with my failed attempt at attaining a Diploma in Electrical Engineering at the Singapore Polytechnic. I had easily obtained an A+ in Mathematics and a Distinction in Computer Programming. In fact, I had mastered some topics so well that I could tutor a fellow student who failed in FORTRAN programming, to get a Grade A overnight. On the other hand, if I disliked a subject, I would become as absorbent as a stone. Nothing would go in. It was as if I secretly wanted to fail. Little did I know that my aptitude for numbers and programming were being cultivated in my cognitive concepts, to nurture me for my future in trading.
Although many traders are formidably good at mathematics, not all mathematicians will make good traders. There is one skill that makes me proficient at my game: the fact that I’m a really good gamer. I can go up to three days without proper meals to attain my goal. That gaming stamina, coupled with discipline and the drive to win, allows me to sit at the trading counter with a watchful eagle eye today; to click and wait interminably for one opportune moment after another.
When I served National Service in the Singapore Armed Forces, I was still a young boy filled with many fallacious dreams. The two years I spent in that green uniform turned out to be a completely enriching journey of self-discovery. Bestowed with a low rank of a storeman (a person who handles supplies), I learnt to endure, be humble, patient, independent and resourceful.
Most importantly, I learnt how to build and maintain relationships. My increasingly attuned social skills gave me the impetus to do what I did after my ORD (Operationally Ready Date, marks the end of National Service) – I joined an insurance company and was the top achiever for seven months consecutively. I achieved this by simply targeting the ‘auntie’ 1 market. I was presenting the dollar-a-day endowment policy – and they loved pinching my cheeks! Those were the good old days... when I had round, chubby cheeks.
After insurance, I worked as a sales representative for a private computer school, marketing a three-in-one Windows package that I designed, where students signed up to learn how to use M