Published in Money Compass Magazine January issue.

The key problem here is not about the trading strategies applied. It is the trading psychology and money management that make the difference. Unfortunately most people still focus too much on strategy. However, she said, people were reluctant to pay for something unless it is linked to earning more money. Thus, when there is talk about psychology, people were unwilling to pay for it although it is one of the key components to ensuring consistent success in trading.

Nevertheless, Toh who was inspired by Tony Robbins on people transformation is committed to helping people make the change and get their personal insights on trading. She has conducted and facilitated many successful leadership, management and employee development training courses while working at Intel Corporation.

Beginning as a voluntary coach who turned into the professional trainer, Toh started a trading psychology course as she felt it is a missing gap in the market. Following this, Toh decided to change her coaching strategy by introducing a trading strategy course as an upfront course to attract students. When the students begin to trade in the market, they will find that psychology plays an important role in achieving consistent success in trading.

Through this method, students will find it easier to appreciate and accept the importance of psychology. Then I chose to teach stock and CFD trading courses which mainly focussed on the US market.

Becoming a Millionaire with Consistent Success in Trading | Beyond Insights

I introduced the CFD option because it required less capital to invest and was more affordable. After students were familiar with the stock market and how it works, they were more ready for option.

For me, the CFD option is easier to learn and the success rate is high. To date, Toh has trained about students under Beyond Insights , together with more than students she had trained previously, and has accumulated more than students who have experienced her coaching methods.

The students are from all walks of life, from business owners to financial controllers, accountants, doctors, stock brokers, full-time traders, housewives, college students and even retirees.

Even people who were not computer savvy could become successful traders or investors. We have financial controllers who are students but if they are not focused, they will not do well. Trading requires more discipline than investment strategies as many things can go wrong as the result of emotional loss of control. If the market participants can control their emotions well and follow the rules, they can actually make a good return.

Additionally, students must have the commitment to follow through with what they have learned.

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She revealed that, a lot of people did not practice what they have learned after they attended 10 classes. Besides that, persistency and attitude also play an important role in determining the consistency of success in trading. Nevertheless, people who lack the discipline, commitment and persistence can still learn something important through these courses. Toh explained that for this category of people if they are able to learn and get an idea on how the market works, they could leverage their knowledge with a professional fund manager to do the investment part on their behalf.

Toh also mentioned that many people were not mentally prepared to face the blows that could happen in the market. Even the best fund managers could lose half of their investments in the event of a market crash. Thus people need to prepare well mentally before they get into the market. After attending the classes, people will become more conscious on market behaviour. For those who do not have the time or discipline, they can still participate in the market as an investor and play their roles in screening their investments.

While some people have learned everything through the courses, they still dare not get into trading. Some people are not patient enough to wait for a good set up a good reward over risk. Sometimes, some people suffer from losses that affect their future trade as they do not dare to take a trade position even when there is a good set up waiting them.

When entering the market, some people are just too greedy without setting up a profit taking point. Some people do not think about the possible situations that can happen when they trade. They buy first then only think about the next step.

Toh pointed out that the survey outcomes indicated that the financial knowledge and awareness among the Malaysian public is still very low. Even Bursa Malaysia has revealed that those who actively participate in the stock market are an aging population, while the younger set is not keen on coming in. Malaysia is considered a middle income nation and many Malaysians are generally cash rich. However, people have no idea where to put their money.

This ends up with a lot of people putting their money in a unit trust fund. Toh has conducted a number of sharing sessions where she has asked the question on how many people have financial plan…merely 2 out of people in the room raised their hand.

The fact is a lot of people have financial problems as the inflation growth is faster than their income increment. Toh admitted that the most challenging part in promoting financial education or training is how to break through the common perception that investing is risky. To her, the risk comes from people who do not know what they are doing. In other words, investing is all about how you manage your risk.

There are a number of companies that able to generate this kind of return. People who participate in the stock market cannot be too risk adverse as stock markets generally involve higher risk. Toh also stressed that when people choose properly on some growth stocks, it will generally provide a gain or reward of three times higher than the risk involved.

For the general public, consumer goods stock is probably a better choice as these companies always make a profit because people still continue to use their products no matter if it is in a good or bad economic period.

This makes the consumer stocks more resilient than others. Beyond Insights offers a comprehensive plan to create financial success through investing and trading.

Most of the people do not really know what they actually need and want. After attending the course, they will find what they really need is a good trading psychology.

In the three-day course, the trainer will teach students how to screen stocks and read the chart timing when to get in and get out and how to protect against risk. After screening all the companies and narrowing it down to 15 stocks based on certain criteria, the students need to look carefully which stocks they can understand and select the right ones to invest or trade in.

From there, you will feel a different level of confidence.

Toh pointed out that when investors or trader have enough data to do the research on a particular company, you will have better understanding on the company and more confidence than those who do not.

When people start to learn the proper way to do the research, they will find that stock investing or trading is actually different from speculating. Nevertheless, Toh admitted that no matter what research has been done, some trades can still go wrong. Thus, it is important for investors or traders to manage their risk.

After attending the three-day course, students will have to follow through 6 coaching sessions. The first session focuses on how to use the platform and place the order.

The second session covers how to use the chart to identify overall trends through configuring and drawing charts. The third to fifth sessions cover three different types of entry and exit training, where trainees will be coached on when to get in and get out, and where to put your stop loss through chart reading.

The last session is on crisis investing that emphasises on timing to enter or exit the market in a time of crisis. All Rights Reserved Designed by Tricor Senedi. Home About Us Privacy Policy Career Location Information Calendar Upcoming Event Courses Testimonials News Resources Retirement Calculator When will I be a Millionaire?

Financial Planning Template Rent our Training Room Contact Us Location Information FAQ. Becoming a Millionaire with Consistent Success in Trading. By Tricor Senedi on 20th May in News 0.

Some of the common mistakes are: Some people are not consistent with their trading. Some people are not patient enough to wait for a good set up a good reward over risk iv No stop loss mechanism. Some people do not have an established cut loss point. EDUCATION AND AWARENESS LEVELS IN MALAYSIA. IS INVESTING TOO RISKY? Smart Options Program — The Best Strategies for Consistent Income. International Business Review Interview — Managing Volatality.