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FX1 Academy was born in the heart of Asia, in Singapore, in 2006, with a simple goal: to create awareness for, and be a part of the greatest wealth transfer in modern history. We firmly believe that everyone should be responsible for creating his or her own financial destiny.
Why Asia?
Asia is the largest continent in the world. With some 4 billion people residing here, it contains over 60% of the world's population. Here's the good news: wealth is coming to Asia.
Since World War II, economic growth in Asia has been nothing short of explosive. According to a recent study by the International Monetary Fund, Asian countries such as Japan, China, India and South Korea already rank amongst the world's largest GDP nations.
GDP
It is forecast that the People's Republic of China will surpass Japan to have the largest GDP in Asia within a decade. India is also forecast to overtake Japan in terms of Nominal GDP by 2020. In terms of GDP per capita, both nominal and PPP-adjusted, South Korea will become the second wealthiest country in Asia by 2025, overtaking Germany, the United Kingdom and France. By 2050, according to a 2006 report by Price Waterhouse Cooper, China will have the largest economy in the world.
Foreign Reserves
At the end of 2007, 63.90% of the identified official foreign exchange reserves in the world were held in United States dollars (USD) and 26.5% in Euros. Interestingly however, the countries with the largest foreign reserves are mostly in Asia. These include China, Japan, Taiwan, South Korea, India and Singapore. According to a recent study done in 2008, Asian countries featured in a whopping 8 out of the World's Top 10 Monetary Authorities with the largest foreign reserves. This increasingly means that the interchangeability of the Euro, USD, and British Pound are heavily influenced by Asian central banks.
High Net Worth Individuals
Asia's High Net Worth Individual (HNWI) population grew to 2.6 million in 2006, an increase of 8.6 percent, according to the second annual Asia-Pacific Wealth Report. Asia-Pacific currently accounts for 27.1 percent of the global HNWI population. The wealth of Asia-Pacific HNWIs totaled U.S. $8.4 trillion in 2006, an increase of 10.5 percent over 2005. HNWI wealth was concentrated in Japan and China, which accounted for 43.7 percent and 20.6 percent, respectively, of the region's total wealth.
The latest Asia-Pacific Wealth Report took an in-depth look at the high net worth population and behaviourial patterns in several key Asian markets. It showed that the Asian countries of China, Hong Kong, India, Indonesia, Japan, Singapore, South Korea and Taiwan account for over 90% of the region's 2.6 million HNWIs.
The next decade will record the largest wealth transfer to Asia in the history of the world. Asia is poised to be the centre of world wide wealth.
Centred on FOREX trading, our training courses are geared toward individual traders, novice or experienced, who want to learn how to use the same tools and techniques as the professional traders. With our state-of-the-art teaching facilities and professional courses, we aim to empower students with the latest and most practical strategies to accelerate their trading success.
Currently recognised as Asia's Largest FOREX Academy, FX1 is committed to enable every "man-on-the-street" to trade responsibly and profitably in the FOREX Market.
Vision:
To create One Million Enlightened Millionaires around the world through Forex Trading by 2020.
Mission:
Our Mission centres on these 5E's:
To Educate individuals on the largest financial market in the world
To Empower individuals to create their desired lives with sound financial success
To Enlighten individuals on the power of unity and the principle of giving and receiving
To Eliminate world poverty and financial illiteracy
To Effect positive ripples all around the world
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The Executive Management
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Mario Sant Singh, Founder & CEO
Mario is the Founder and CEO of FX1 Academy - a pioneer in retail FOREX education.
FX1 was birthed through Mario's firm vision that everyone should be responsible for creating his or her own financial destiny. Under his leadership, FX1 is now recognised as Asia's Largest FOREX Academy, with its relentless commitment of enabling every "man-on-the-street" to trade responsibly and profitably in the FOREX Market.
Mentored by some of the world's top traders, Mario spear-heads the entire training and coaching department in FX1. Known as a brilliant and intense communicator, he has trained thousands of students worldwide on FOREX.
He is also in charge of developing the Corporate Social Responsibility (CSR) arm of FX1, focusing primarily in the arenas of world poverty and financial illiteracy. Through various global partners including World Vision, StandUp and Singapore Compact, FX1 has championed many worthy causes. These include building libraries, sponsoring underprivileged children and supporting global initiatives to end poverty within one generation.
Mario is a regular guest on CNBC “Capital Connection” and a frequent contributor to top financial magazines like Smart Investor and Your Trading Edge. His other media appearances include ChannelNewsAsia, Personal Money, News Radio, City News, Straits Times, FXStreet and Your Choice.
"Time is the currency of your future. Don't do things that SELL your future. Do things that BUY time for it." - Mario Sant Singh
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Our M.S.S. Model
We believe that to be successful in FOREX trading, mastery of the following 3 elements is critical:
1) Money Management
2) Strategy
3) State
Money Management
"There was a time when a fool and his money were soon parted,
but now it happens to everybody."
- Adlai E. Stevenson
Do exercise caution when you come across articles or courses which claim to have the "best" strategy. At FX1, we believe that the understanding and application of proper money management techniques is MORE important to a trader's success than the strategy itself.
Prudent money management rules should be observed by ALL traders at ALL times for ALL trades. This helps to protect a trader's capital and keeps him in the game for the long-term, which should be the prerogative of every responsible trader.
Strategy
“What do you want to achieve or avoid?
The answers to this question are objectives.
How will you go about achieving your desired results?
The answer to this you can call strategy.”
- William E. Rothschild
There are 6 basic ways to profit from the FOREX Market:
- Trend Strategy
- Range Strategy
- Reversal Strategy
- Breakout Strategy
- Hedging Strategy
- Arbitrage Strategy
A trader can use one or a combination of strategies in his trading portfolio, depending on his personality. There is no "one" strategy that is better than the other.
State
"Until you can manage your mind, do not expect to manage money."
- Warren Buffet
State deals with a trader's thoughts and emotions. It is by far, the component which will present itself as the biggest stumbling block to a trader's success. Four human characteristics of fear, greed, hope and ignorance will always rear its ugly head in every trade.
The FOREX Market is not just the largest financial market in the world, it is also the largest mirror to our soul. Our approach to FOREX trading will give us insights to our personality. Great traders have always gone to work on their state of mind. Shouldn't we?
At FX1, we believe that a trader's state of mind is TWICE as important as Money Management, which is TWICE as important as Strategy.
For more information, please do visit our website at www.fx1academy.com or call us at +65 6100-4391.
At FX1, we have our ever popular programmes, courses and seminars to cater to your Forex training needs.
The 3 Keys
Every FOREX trade MUST be accompanied by the following "3 keys." This is the Entry Price, the Profit Target and the Stop Loss. Here are the definitions:
- Entry Price - The price at which we enter the FOREX Market
- Profit Target - The price at which we exit the FOREX Market with a Profit
- Stop Loss - The price at which we exit the FOREX Market with a Loss
After a trade is entered with the following 3 points, only 2 things can happen: the trade hits the Profit Target, or it hits the Stop Loss. It cannot hit both at the same time.
What is the purpose of having a Stop Loss if our aim is to bank profits in the FOREX market? Here's the key: we do not win every trade, and a Stop Loss position is absolutely critical to take the trader out of a losing trade, and limit further losses to his account.
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