What Are You Waiting For??

For those people who live at Penang and Kuala Lumpur, this is your opportunity to change YOUR life. Become financial freedom and retired early.
Make appointment with us :

Penang
Date : Tuesday & Thursday
Time : 7.30pm - 9.30pm
Venue : Wealthy Mastery Academy, B-16-3, Lorong Bayan Indah 3, Bay Avenue,11900 Bayan Lepas,
Penang (new office lots near Balai Polis Queensbay).
Fee :RM367 (FREE with Registration)


Kuala Lumpur
Date : Monday & Wednessday
Time : 7.30pm - 9.30pm
Venue : 5th floor Cititel Hotel Midvalley
Fee :RM367 (FREE with Registration)


For more information or any question feel free to contact me and register (FREE with registration) or log on our website www.jflennon.com <-------- Click here to see more details

Mohd Hazri Bin Abu Bakar,
Manager 88HrD
hazri_176@yahoo.com
017-402 5488 / 013-624 3375

The Scientific Approach To Trading

What is the Scientific Method?

Scientific method refers to bodies of techniques for investigating phenomena, acquiring and generating new knowledge, or correcting and synthesizing existing knowledge.

For an investigative endeavor to be termed scientific, the work must be based on a method of inquiry involving the gathering of observable, empirical and measureable data and evidence subject to specific principles of logical reasoning. In essence, a scientific method comprises the process of data collection through observation and experimentation and the formulation and testing of hypotheses. If the experimental outcome does not conform to the hypothesis, one is to rethink and re-examine the prior hypothesis and to construct new one for further experiments and testing.

At JF Lennon, we subscribe to the scientific method in developing trading strategies as well as automated trading systems.

Based on our observation of the behaviors of a currency pair, and analysis of the various pertinent data collected, our researchers construct a hypothesis and formulate a trading strategy, comprising a set of rules for entry and exit, stop loss and profit target points.

After which, experiments are carried out, in this case, testing the viability of the proposed strategy using historical data as well as employing the strategy to trade on live platform.

Statistical analysis is then performed on the experimental data collected, so as to ascertain the efficacy of the proposed strategy as regards its consistency, efficiency and robustness.

Results of the statistical analysis will shed light on whether the hypothesis first constructed was correct. A correct hypothesis verified by experiments will lead to a viable trading strategy, which can then be further optimized through an iterative refining process with further hypothesis and experiments.

Why Should You Trade Forex???

WHY FOREX?

The Foreign Exchange Market is a non-stop Global Financial Platform with a daily turnover of USD 3.5 Trillion (source: Bank of International Settlements - www.bis.org). The FOREX market has become the world's largest financial market. Prior to the late 1990’s, with the large minimum deal sizes and rigid financial requirements, the FOREX market was not accessible to the retail traders or individual investors.

However, technological advances and the advent of the internet have finally made it possible for retail traders to engage in FOREX trading. In today's FOREX market, the dollar relentlessly fluctuates against the other currencies of the world. A number of factors, such as the decline of worldwide equity markets and declining world interest rates, have motivated investors to look for alternative investment opportunities.

The escalation in global trades and overseas investments has also led to scores of national economies becoming interlinked with one another. This interconnection and the consequential fluctuations in exchange rates have shaped a mammoth intercontinental market: FOREX.

For countless investors, this has presented attractive profit opportunities. The FOREX market offers unparalleled potential for rewarding trading in any market condition or any stage of the business cycle. These combined factors have brought about many advantages.

What is your plan B???

What is your plan B???

Why The Rich Are Getting Richer