In today’s financially challenging times, having just one source of income is a risk. With multiple streams of income, one has a safety net in the event one’s main source of livelihood ceases, becomes eliminated or slows down to a trickle (as in the case of the dine-in business model during the pandemic lockdowns). Notice the preponderance of wealthy individuals running multiple businesses.
One income stream that can be opened more with more ease than starting up a company is foreign exchange trading. Trading forex online can be a lucrative career—or side gig—but there’s a steep learning curve and a few risks associated with this activity. Unknown to many, it’s not gambling. It’s a science, requiring learning technical indicators and risk management strategies.
Scientific Approach to Forex Trading
Forex trading educator Ferdie Pabalan makes forex trading easy to understand for beginners.
“Why is it scientific?” asks Born2Win Philippines CEO and Founder Ferdie Pabalan, considered by many as the leading forex trading educator in the Philippines today. “Science is observing phenomena or activities carefully and looking for patterns, then based on these patterns, you create hypotheses, and then you test your hypotheses. In forex trading, we observe currency price movements, look for patterns as shown by multiple technical indicators, create hypotheses and test these hypotheses by making small, test trades. Just like a good scientist, you have to be open to new data and patterns. And this is all done with systematic risk management. Hindi ito kinakapa (It’s not done by ‘feel.’)”
Pabalan added that forex trading is basically a recession-proof activity. “First, you can earn money even when the economy is down,” the trainer-coach said. “In a depressed economy, you usually have to exit stocks or you ought to avoid stocks altogether. But in forex (trading), where you trade currency pairs, there’s always one economy doing better than another. For example, if patterns show the US dollar is weakening and the Japanese yen is strong and stable, then doing USD-JPY trades can be profitable.
Advantages of Forex Trading
“Second, because there are lots of people all over the world doing forex trading, 24 hours a day, five days a week. The market’s always moving so there are lots of opportunities to make good trades,” he said. “Third, it’s accessible. You don’t need a lot of money to get started. For as little as five thousand pesos, you can start doing ‘test trades’—after you’ve gotten proper training, of course. And you need only one to two hours a day to do this. Fourth, it’s not affected by disasters. The Covid-19 pandemic caused a lot of losses in stock markets all over the world. Countless companies had to close down because of the lockdowns that killed demand for products and services. Forex (trading) has always been strong.”
Success Stories with Born2Win Philippines
The list of satisfied customers who have availed of Born2Win’s training webinars is long. One of the last, in terms of alphabetical listing, but one of the first in terms of level of satisfaction, is Elinor Zam, a cheerful former employee of the Government Service Insurance System (GSIS). Zam, who’s only in her forties, retired from the GSIS and now trades forex full-time. She learned about forex trading in 2019 and attended free seminars about the subject but didn’t enroll in any program because of the expensive fees. It was only with Born2Win Philippines that triggered her to take part in a five-day course to learn true, professional trading.
“It was so exciting (learning from Coach Ferdie)! I looked forward to it every day! Sabi ko nga sa sariili ko na parang nagsisi ako na bakit ngayon lang ako nag-enroll sa Born2Win. But as they say, it’s never too late,” Zam said. She graduated from the Born2Win program in July 2022 and not long after, she acheived a personal record of earning as much as US$1,039 (~PhP58,000) in just one hour. “Coach Ferdie’s a great teacher. Very hands-on. He teaches you step-by-step. Talagang maiintindihan mo. He teaches in a very simple style.”
The retiree stressed that forex trading can indeed be a main source of income. “The market was bad last August and September, but only in the first week of this month—the week of October 2—I made US$700 in profit,” Zam said.
Charley Cunanan, an entrepreneur in her thirties who could easily pass for a college student, owns a profitable business: a virtual assistant (VA) company based in Taguig City catering primarily to U.S. clients. The single lady recently learned about forex trading when she and her fiancé were researching possible investments. Forex trading became their top option after seeing it being constantly mentioned online. They plunged into forex trading upon seeing a Born2Win Facebook ad. Cunanan completed Born2Win’s course in August 2022 and in a few months achieved a personal record of earning US$500 (~PhP23,000) in only 30 minutes.
Cunanan now makes “US$2,500 to US$3,500 a month” from forex and confesses that she spends on personal luxuries with her earnings from trading online, as her VA business covers all her basic necessities. She enthusiastically recommends more Filipinos learn forex trading because it’s a great way to earn additional income.
“It’s fun! And it works. If you put your heart into it, you’ll actually win every day. Born2Win won’t promise you anything. It’s up to you to use the tools you were given,” she said.
Judee de la Cruz, an employee in a Malate, Manila branch one of the Philippines’ top three banks, discovered Born2Win through its Facebook page three years ago and has been actively trading forex since December 2020. In these three years, the mother of four has been “making US$800 to US$1,000 a month, conservatively speaking.”
Declared de la Cruz: “Coach Ferdie’s very good. Once he’s taught you, he’ll help you even if you graduated from his course a long time ago. You can consult him anytime. Masipag siya mag-reply (in social media chats). My (Born2Win webinar) batch has a group chat. Coach Ferdie answers all our questions. My confidence level really goes up when I hear his voice.”
Born2Win will be offering exclusive forex trading webinars for beginners on October 14, 18, 21, 25, 28, 31 and November 4. To register for free, click on the date of the introductory webinar you prefer to attend.
ADVT.