Barrometrics Views:  An Evening with ACM

Last night I was one of the speakers at the soft launch of the ACM in Singapore. (http://www.ac-markets.com/forex-broker/online-forex-broker.aspx).

ACM is a Swiss FX broker. The advantage to FX traders is this: the Swiss regulations require a broker to acquire a banking license. A Swiss Bank deposits of SF$100,00.00 and under are guaranteed by the Government. For amounts over SF$100,00.00, ACM will provide a bank guarantee. This makes Swiss FX brokers the safest in the world. In other jurisdictions. you are dependent on the efficacy of the regulatory environment for the security of your funds.

At time of writing, the ACM banking license is pending. The application has been lodged and the favourable decision is due October 2009.

What I found interesting last night was the fact that none of the ACM presenters made a point of this. My view is that for Singaporeans, the security of funds for Singaporeans will more than offset the fact that at present ACM does not have offices here. Singaporeans need a good reason to open accounts with firms outside Singapore.

In terms of attendees, the evening was a smashing success. The event was booked out, but in Singapore, for free events, you can expect up to a 33.33% ‘no-show’ rate. Last night was an exception. There were more attendees than bookings! Early on ,the hotel staff was kept busy bringing in seats!

From my perspective my talk went very, very well. I focused on:

• Winning Psychology - the role that Myelin plays in the learning game and how to use it in conjunction with journal keeping. The discovery of Myelin and the learning process that optimises its growth is the biggest news in the past two centuries for anyone learning a new skill.
• Risk Management. Here I focused on the Expectancy Return Formula and suggested some ways we can apply it to our trading. Though not new, an understanding of the Expectancy Return formula and its consistent application to our trading greatly improves the bottom line.

As is common in Singapore when asked if there were any questions, not one hand shot up. Yet the moment the evening ended, thirty or forty participants surrounded me. I brought the evening to an end one hour later - it appeared that some would have stayed all night! (G)

Usual disclaimer: I am not an Introducing Broker and I do not receive a fee for anyone becoming an ACM client. I volunteered to speak for ACM because I have found the service first class, the spreads efficient (the lowest I have been quoted - on par with Dukascopy), and once it has its banking license, ACM like all Swiss brokers will be the safest haven for out FX fund.

Peter Rosenstreich: Chief Market Analyst

Gavin Hill Global Head of Sales

Guess Who?!

The Crowd - Waiting for Seats

Full House

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