Market analysis and insights on Forex & Commodities!

Trading Mastery Program (TMP) – Batch Q2 2017 is Ready to Transform their Lifestyle!

Last week, we concluded another exciting run of our “Trading Mastery Program”, where we imparted our powerful “lifestyle trading” strategies to empower another batch of traders to create a 2nd source of income from the forex markets by spending 15 minutes a day.

I will be taking a long break from training, so we will not be having anymore “Trading Foundation Workshops”, but I have scheduled another 2 more sessions this year to clear our waiting lists for the “Trading Mastery Program”.

We will also be opening a few seats to the public for each session, on a first-come, first-serve basis. for those who are keen, you can reserve your slot via this link: http://wp.me/P1riws-31L

 

Training Feedback from Attendees:

“Very informative. The feedback from the homework submission is very helpful as it helps to confirm the concept & understanding. The concepts are broken down into simple parts, easily understandable with great support.” – Clemence Wang

“I’m very new to trading and this training gave me a lot of important insights & strategies to become a good trader.” – Larry Tan

“I feel that the course provided a clear and proven methodology to trade effectively. The tools provided are also very supportive.” – Janie, AXA

“The concepts taught by Spencer are easy to follow!” – Jiawei

Very informative and interactive training conducted in a right pace.” – Eugene Chng

Awesome course and wonderful post-course support even before the course ends.” – Eddy

Excellent training.” – Quek Boon Kiat

“A very complete training program that give a good coverage on trading and practical setups that are easy to understand and apply. The mindset portion is very important to ensure that we are profitable in the long term. Thank you.” – Alan

“The training was very well-done. The flow in the course is good, and very informative and detailed with a good overview of the entire market. The ending with mindset and psychology summarized it nicely. The case studies were also very useful in allowing us to apply the principles involved.” – Sherilyn Tan

“Good program structure, clear flow of progress on how to become a good trade, deep learning with a top-down approach.” – Nguyen Son Tung

Systematic and methodical.” – Wei Ming

“The course is conducted well. Able to see charts with different perspective and understand the behavior of the market and apply the correct method.” – CW Tay

“Having being a complete newbie to trading, Spencer’s course resources have made it easy for me to understand.” – Jaxon

“The program is systematic and provides good fundamental knowledge for traders who aspire to be profitable.” – Min Lun

“The concepts taught by Spencer are easy to understand.” – Gary

“A comprehensive workshop that gives insights to trading. The money management strategy is very good advice.” – Richard Ching, Nanyang Polytechnic

 

Register Early to Avoid Disappointment!

We will also be opening a few seats to the public for each session, on a first-come, first-serve basis. for those who are keen, you can reserve your slot via this link: http://wp.me/P1riws-31L

Good luck to all the new “future millionaires”, and see you all at the top! 😀

Live Trade Follow-up: GBP/JPY Short Trade US$1086 in the Money!

Announcement: I will be taking a long break to focus on my trading and coaching of existing students (as well as several new exciting projects), but before that I will be conducting one last session of the “Trading Foundation workshop” on 18 May 2017 and the last run this quarter of the “Trading Mastery Program” on 27 & 28 May 2017.


During the last “Trading Foundation Workshop”, we scanned various forex charts and discovered this short trade in GBP/JPY to be the best setup, and I took the live trade on the spot, together with many of the audience members.

And although I only took a small position of 0.50 lots, this trade shows that times and patience can snowball your returns, as long as you just “forget about it” and let the trade run its natural course.

During my final workshop tomorrow, I will be scanning all the charts for such good trades, and I have already spotted some juicy trades tonight while browsing through my charts.

Looking forward to share more tomorrow! 😀

P.S. I will be taking a long break to focus on my trading and coaching of existing students (as well as several new exciting projects), but before that I will be conducting one last session of the “Trading Foundation workshop” on 18 May 2017 and the last run this quarter of the “Trading Mastery Program” on 27 & 28 May 2017.

Trading Mastery Program (TMP) – Batch Q1 2017 is Ready to Tackle the Big Boys!

Last month, we concluded another exciting run of our “Trading Mastery Program”, where we imparted our powerful “insider” fund trading strategies to empower another batch of traders to gain an unfair advantage in the market.

Reservations for our next intake are open, and you can start reserving your seats before they run out!
Find out more: http://wp.me/P1riws-31L

 

Training Feedback from Attendees:

“This course helped me identify weakness of my trading strategy and being able to time it to make it much better.” – Dominic

“If you are looking to gain strong fundamentals in technical and price action, attend this course! Spencer’s methods are well-calculated and systematic. Comprehensive course material and really liked live Q&A on google sheets. Food was great too!” – Ian

“The course started slow and went into climactic with all the swing, turn, break, & bounce. While overwhelmed with the new information, I believe there will always be support from this team!” – Tan Wei Peng

“The course note is very organized. The post-program schedule is useful. Spencer is able to clearly explain the fundamentals and setups well. Making the course easy to comprehend and execute.” – Tan Jiansen

“The training was comprehensive in covering the setups.” – Quek Boon Kiat

“The course provided very good foundation on price action trading strategy and Spencer displayed professionalism and knowledge in conducting the course. The emphasis on the right psychology and trading plan was very useful.” – Tong Kai Meng

“A very informative workshop for beginners. Chart reading is simplified, so are the steps for trading. It gives people realistic expectations of trading and also confidence to enter trading.”

“The course is structured and easy to understand. Gives me the knowledge necessary to do trading with increased confidence.” – Alan

“This is a great course for beginner or experienced traders. Is clear, simple and easy to understand.” – Francis

Fantastic program, simply the best. Professional. The quiz is superb!” – Syed, Rolls-Royce

“It breaks things down & simplifies information for you to use.” – John Goh

“This mastery program definitely enhanced my knowledge on forex.” – Terrance Tan

“An excellent course for beginner and advance traders. It brings you back to the fundamentals of a good trader and at the same time provide insights for advanced traders.”

“Appreciate that the materials are concise, simple to understand, and actionable. The resources are also made available to us after for reference. More importantly, there is a community to reach out to.” – Li Seng

“Overall, very structured. This course filtered out all the noise regarding trading and made taking the first step much easier! Structured and with actionable follow-up plan, this course is highly recommended!” – Twain, Ferocity

 

Register Early to Avoid Disappointment!

Reservations for our next intake are open, and you can start reserving your seats before they run out! Find out more: http://wp.me/P1riws-31L

Good luck to all the new “future millionaires”, and see you all at the top! 😀

The World’s 7 Greatest Currency Trades Ever Made – Key Lessons & Insights

Have you ever wondered, what are some of the most epic forex trades that went down in history? And more importantly, what crucial insights and lessons can we learn from these legendary traders?

1) ANDY KRIEGER – $300 MILLION PROFIT

Andy Krieger is a somewhat unknown trader who made his name at Bankers Trust. He was watching currencies in 1987 after the Black Monday crash, and he saw an opportunity for arbitrage in some overvalued currencies. He became famous because he shorted a few hundred million dollars worth of Kiwi (New Zealand’s currency), and he shorted so much that his position was said to exceed the money supply of New Zealand as a nation.

Andy shorted so much currency that there was not enough currency in circulation to support the short.

The kiwi fell tremendously while he was shorting it and made $300 million for Bankers Trust. Legend has it that a worried New Zealand government official called up Krieger’s bosses and made threats to him. Krieger later left the firm to work for George Soros in his quantum fund.

 

2) STANLEY DRUCKENMILLER – $2 BILLION TRADE

Stanley Druckenmiller made this historic trade as a trader working for George Soros’ Quantum Fund. He went long on the German mark because of the fall of the Berlin Wall, and the undervaluation that was going on during the reunification between East and West Germany. Legend has it that Stanley initially bet a few hundred million dollars, until Soros told him to raise the bet to $2 billion. That year, the Quantum fund brought in 60% returns.

Stanley is a rather unknown person, but the fact that George Soros hired him is worth noting.

Another trade that Stanley made was in the 1990s. He was buying German bonds, because he expected investors to move from British bonds to German bonds. It was also during the period where Soros broke the Bank of England.

3) GEORGE SOROS – $1 BILLION PROFIT IN THE POUND

George Soros became famous because he shorted the pound aggressively, in fact, so aggressively that he borrowed heavily and make $1 billion in the process.

At that time, Britain wanted to keep the value of the pound above 2.7 German marks, a key feature of the fixed exchange rate mechanism. Many speculators began to take up short positions in the expectation that this fixed exchange rate would not hold.

This was the famous ‘broke the British bank’ trade that shot George Soros to stardom.

Britain even raised its interest rates to double digits to try to attract investors and prop up the buying in its currency, however, the British government soon realized that it would lose lots and lots of money trying to keep the value of the pound. Soros made $1 billion for his fund on this trade.

 

4) PAUL TUDOR JONES – $100 MILLION PROFIT SHORTING BLACK MONDAY

The U.S stock market experienced its largest 1-day percentage decline ever on Black Monday of 1987. This was the most shocking fall the world had seen at that point, and even up to today, no 1-day decline has ever matched Black Monday.

Betting on a black swan event netted Paul Tudor Jones $100 million in profits.

1The 22.6% drop in the Dow in 1987 has not been rivaled even up to 2017.
Source: stock-market-crash.net

Paul Tudor Jones shorted the stock market, tripling his money, and making US$100 million on that trade while the Dow Jones plummeted 22%.

 

 

5) ANDREW HALL – $100 MILLION PROFIT BETTING ON OIL

While working for Citigroup, Andrew Hall predicted a 5-year bull-run in oil from 2003-2008, and made the appropriate trades. Oil went from $30 to $100, and Hall brought with him $100 million as part of his compensation plan.

Andrew Hall made it big on oil in his career at Citigroup.

jAndrew Hall at a conference in September 2016.
Source: Forbes

Aside from this brilliance, he reportedly bought 1 million barrels of physical oil in 2009, and stored it, hoping that oil would rise greatly. It did, and from 2009-2011, oil went from $50 to $100. However, his oil fund hasn’t been doing well in the past 5-6 years, and he has had to repeatedly explain the lack of profits to investors.

 

6) DAVID TEPPER – $4 BILLION PROFITS BUYING BANK STOCKS

David Tepper’s strategy was simple; buy low, sell high. In early 2009, he scooped up big banks like Citigroup and Bank of America, and saw them quadruple and triple in value from their bottoms in 2009.

Nothing spectacular; buy low, sell high.

These trades earned $7 billion for Tepper’s hedge fund. His personal compensation was $4 billion.

 

7) LOUIS BACON – 86% RETURNS BETTING SADDAM HUSSEIN WOULD INVADE KUWAIT

Louis Bacon went long on oil, short on stocks in the 1990s because of this geopolitical situation. Later, he also correctly bet that the U.S. would quickly defeat Iraq and the oil market would recover.

Bacon’s event-based bets rewarded him handsomely.

1Louis Bacon explaining what he knows best; geopolitical event trading.
Source: Quotesgram

His hedge fund returned 86% that year because of these trades. Although his strategy is somewhat unconventional, he has excelled in it and carved a niche for himself.

 

AFTER READING THIS, WHAT’S NEXT?

Many of these traders had decades of trading experience under their belts. Although they all seem like they had a great stroke of luck or a brief moment of brilliance, the preparation and practice that they went through was thorough and gruelling.

I hope that these stories of real traders would motivate you to continue at your game, brush up your skills, engage the financial markets, and stay up-to-date with what’s going on.

P.S. If you are keen to learn the strategies that professional traders are using and experience some practical live trading, I would like to invite you to join us for our next workshop.

In our previous workshop, during the live trading segment, one new trader made US$200+ from following our USD/SGD short trade, while Spencer made US$454 on the same trade and over US$1,200 of profits in total during the workshop.

Come join us for our next hand-on workshop, where you will learn 4 easy strategies to tackle any market (stocks, forex, CFDs, etc), and how you can apply them with as little as 15 minutes a day to make 20-40% annual returns consistently.

 

 

RESEARCH SOURCES & REFERENCES

investopedia.com/articles/forex/08/greatest-currency-trades.asp
commodityhq.com/education/5-legendary-commodity-investors/
businessinsider.com/greatest-trades-in-wall-street-history-2013-2
ibtimes.com/top-10-greatest-trades-all-time-253039
cabotwealth.com/daily/options-trading/the-greatest-options-trade-i-ever-saw/

Here are 5 Reasons Why Singaporeans May Never Get to Retire Despite working Harder

As the cost of living continues to increase year after year, you probably would have spent some time pondering about your financial security. You probably would have heard stories of or personally experienced a company downsizing, a pay cut, the loss of your job, mounting expenses, or just a sudden realization that the world isn’t such a stable place.

No matter when you discover this truth, it is critical that you come to terms with it. Only by knowing the truth can you deal with the reality of financial troubles ahead. Last year was marked by uncertainty, and it probably is just the tip of the iceberg of what can happen going forward.

1For most people, wages will never be enough to sustain their lifestyle at retirement.
Source: media.cagle.com

Talk to any taxi driver and he will probably complain to you about any of the following:

  • Rising healthcare costs
  • Rising petrol costs
  • Rising food costs
  • Rising housing costs
  • Instability in the economy

These money issues are real. However, before we go into the solutions, we have to understand where these problems come from.

 

1. Low Interest Rate Environment

A low interest rate environment means that you need to go beyond your bank deposits to preserve your wealth.

However, despite having more mobile phones than people in Singapore, we are painfully ignorant in financial matters. We are educated, but not wise; we are connected with each other, but disconnected with reality.

Truth be told, most people have no idea how to even match up to the bank interest rate, much less beat the bank interest rate. The average level of financial literacy in Singapore is still shockingly low. To be a decent investor, it would be necessary to at least understand basic financial instruments, financial asset classes, methods of speculation/investment, and simple risk management.

Financial literacy is the first step to fighting inflation. You don’t necessarily need to know exotic strategies like statistical arbitrage, premium collection on SPY options, futures pairs trading, spread betting, or betting on changes in the yield curve. But a basic understanding of market cycles and trading principles will make a large difference in one’s investment results.

2. CPF Alone May Not Be Sufficient

In years of economic boom, Singapore tends to experience inflation of 4-5%. The CPF ordinary account grows at 2.5%, which means your money’s losing value when the economy grows. Counting on CPF alone may help you get by, but would it really sustain the lifestyle you desire? Even if the inflation rate falls to 1-2% a year, very few Singaporeans can say they are able to retire comfortably.

It is more prudent to have something besides CPF to fall back on.

Some solutions include:

  • being willing to downgrade your apartment
  • holding structured deposits (can yield 4% or more)
  • holding high-dividend stocks

However, these strategies will probably only help in wealth preservation, not wealth creation.

For wealth creation, you need far more investment sophistication and dedication.

Doing a refresher for the setups before we embark on live trading! 💪💰🔥 #tradingarcade #realtraders

A post shared by Spencer Li 🇸🇬 Synapse Trading (@iamrecneps) on

 

3. Zero Inflation Could Be the Norm

A world of zero inflation is good for the average consumer (he thinks he won’t be paying more for his food/car/house/petrol), but it’s bad for wages.

Truth be told, when inflation suffers, it is normally a terrible situation for the economy to be in. Remember the productivity drive a few years ago? The government aimed for 2% productivity growth every year, because inflation was terribly low and the country had to do something about it.

sgInflation has fallen and fallen, and has even turned negative in 2015 and part of 2016.
Source: tradingeconomics.com

Stagnating or falling wages can become the norm. With wages in peril, it is even more essential to generate additional streams of income, or risk falling into financial destitution.

Examples of shrinking professions include:

  • F&B services
  • Marketing professionals (yes! because the supply has caught up with demand in recent times)
  • Insurance Agents
  • Property Agents
  • Logistics professionals (yes! because the supply has caught up with demand due to the euphoric onslaught of e-commerce firms)

If you have children, the best thing you can do is to advise them regarding these trends. Don’t be so concerned about their math scores, science scores, or whatever score; look to give them training in these skills, and to explore their interests in these areas.

 

4. Persistently High Property Prices

This is good news for existing property owners, but bad news for new property buyers. Singapore will continue attracting rich foreign buyers because that’s our value proposition as a nation. This problem keeps worsening as long as our property is affordable to wealthy investors from overseas. The government is likely to step in if property prices start falling.

The issue with high property prices is that most people end up taking 20 to 30-year loans and live with debt for most of their adult life. This keeps the economy stagnant and unable to experience growth like we’ve seen in the 1980s and 1990. A debt-ridden adult is much less likely to splurge. With an entire generation of people living with huge mortgage loans, we won’t see fantastic growth in a very long time.

Opening speaker for SMART Expo SG 2017! Thanks to everyone who came down to support! 😄 #suntec #property #guestspeaker

A post shared by Spencer Li 🇸🇬 Synapse Trading (@iamrecneps) on

 

5. Rising Medical Costs and Falling Government Support

Take note: it’s not the government’s fault; blame it on falling birth rates. With a smaller workforce, tax revenues will fall and Singapore will be less able to provide for its elderly.

Singapore will age, and more and more sick people will depend on a smaller proportion of working adults in this country. It’s inevitable that the government cannot support the large number of elderly who will reside in our hospitals and hospices. It’s the same ‘graying’ problem that Japan is facing.

Falling government support, along with higher demand for doctors and strained infrastructure will cause medical bills to rise. Sure, it’ll be great for healthcare stocks, but healthcare spending on the elderly is not expansionary. Basic health economics would differentiate between healthcare spending that improves economic well-being (vaccinations on children, basic sanitation etc.), and healthcare spending that does not improve economic well-being. We’ll be seeing a lot of spending that does little to boost the economy.

 

So, “What Should I Do?”

The fact that you’re reading this shows that you are concerned for your financial future. Keep learning, reading, and exploring ways to combat this reality. After all, people perish for the lack of knowledge, not the lack of determination. Acquiring the right investment skills, financial management practices, and general knowledge will help protect you and your family from financial destitution.

My greatest hope is that you, the reader, would be motivated to start educating yourself financially, and to get your hands dirty in the investment world.

Cheers, and see you all soon! 😀

P.S. If any of you are keen to start learning about trading, I strongly recommend you join us for our next “Trading Foundation Workshop”, where you will learn 4 easy strategies to tackle any market (stocks, forex, CFDs, etc), and how you can apply them with as little as 15 minutes a day to make 20-40% annual returns consistently.

In our previous workshop, during the live trading segment, one new trader made US$200+ from following our USD/SGD short trade, while Spencer made US$454 on the same trade and over US$1,200 of profits in total during the workshop.

 

 

RESEARCH SOURCES & REFERENCES

www.blog.linkedin.com/2016/10/20/top-skills-2016-week-of-learning-linkedin
www.cnbc.com/2016/10/20/the-top-10-skills-that-will-get-you-hired.html