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Recent Travel Highlights: Ireland, Iceland, UK – Photos Are Finally Out!

In October, I embarked on a 2-week trip with my sister to Ireland, Iceland and the UK, and it was an amazing trip! 😀

In 2 days, I will be going for another 2-week trip, this time covering Dubai, South Africa and Lesotho. (Yes, this is a country!)

Of course, I will continue trading as I travel, and continue supporting my students and traders. Stay tuned for my next “weekly market highlights” video which will be shot in South Africa!

For those who love adventure and real-time updates, do follow me on Instagram as well: https://www.instagram.com/iamrecneps/ 

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Here are some photos from my last trip:

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Here is the full photo album for this trip: https://www.facebook.com/iamrecneps/media_set?set=a.10154654785598430.1073741842.530303429&type=3

Good luck, and see you soon in 2017 when we commence our new training workshops! 😀

5 Practical Tips on How to Trade on the Go (With 15 Minutes a Day)

After trading and travelling to 48 countries across the world, I realised that it is actually not very difficult to trade on the go, since in most countries you can get wifi or buy a data plan, so as long you have your mobile phone, you can easily place trades as you move along.

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Here are some useful and practical tips I have picked up along the way:

1. MAKE SURE YOU HAVE A GOOD INTERNET CONNECTION

This is a no-brainer, as the last you want is to be left handing with no internet after entering some trades, and not being able to input your stoploss and targets. Don’t forget to take full advantage of Wifi hotspots at hotels and cafes, or even better, purchase a local SIM card and data plan.

If you have intermittent access to the internet, perhaps because of flights, then make sure you always have a stoploss in place for all your trades.

2. FOCUS ON A HANDFUL OF SETUPS AND PRODUCTS

Since you don’t want to spend too much time browsing the markets, it is a good idea to prepare a simple watchlist beforehand. For me, I usually focus on about 20+ forex/commodity pairs, so that I can scroll through all of them quickly in a few minutes with my mobile phone to look for any good trading opportunities.

And since I won’t be taking many trades, I can choose the best of the best trades, which means that I can focus only the very best setups that I see. When you see an AWESOME setup, it should jump out of the chart and right in your face, and you should feel the rush of adrenaline and excitement to take the trade. If you have to squint at the chart and think thrice about whether it is a good trade, then I would suggest you just let it go.

3. USE A LARGER TIMEFRAME TO PLACE YOUR TRADES

If you are on the move, then obviously you won’t have time to be staring at the charts all day, which means you should not be using smaller timeframe charts like the 5-minute or 15-minute charts. Actually, I won’t recommend using anything less than a 1-hour timeframe.

By using longer timeframes (1-hour, 4-hour, daily), it means that you only need to check the charts at very infrequent intervals, such as every hour, every 4 hours, or once a day. This way, you do not have to constantly worry or stress about your positions, because your stops will naturally be wider (and your positions smaller), so you do not have to worry about the smaller market fluctuations.

4. DO NOT SPEND MORE THAN 15 MINUTES A DAY

Since you do not have to constantly monitor the market, this means that you only have to periodically check and update your positions. You can easily do this by utilising the “wasted” pockets of time that you have throughout the day.

For example, when you are waiting for a bus/taxi/mrt/plane/train, or waiting for your ordered food to arrive, instead of playing some mindless mobile app game or reading random articles of facebook, why not open up your trading app and place some trades instead? This way, you can make some additional income with your spare pockets of time.

5. LEVERAGE ON A GOOD NETWORK OF TRADERS

Lastly, by leveraging on other good traders, I can learn from their trades and hone my skills as a trader.

I will be back in Singapore in about another week, and I look forward to seeing you all at my next “Trading Foundation Workshop”, where I can share more about my travel adventures and some of the trades I made while travelling.
Check availability: http://synapsetrading.com/trading-foundation-workshop/

See you soon! 😀

The Travelling Trader is Heading Off to Country Number 47 & 48!

After much anticipation, I am setting off for my 3 week holiday to cover 3 countries (of which 2 are new), which is a well-deserved reward for a great year of trading, and also because I have always wanted to see the Northern Lights (fingers crossed).

I will continue to spend 15 minutes a day trading (to prepare for my next trip), and to support all my students who are also studying and working hard to improve their finances and enjoy life with their family and loved ones. Keep up the great work! 😀

To follow me on my adventures as I trade, travel and explore the world, feel free to follow me on Instragram and Facebook:
https://www.instagram.com/iamrecneps/
https://www.facebook.com/iamrecneps

For those who have already reserved your place for the next “Trading Foundation Workshop”, don’t worry, as I will be back in time to conduct the training myself.

For those who have not, don’t miss the chance to kickstart your trading journey for a tiny investment of $25 (yes, I know it’s ridiculously cheap), and receive 3 hours of live training and 2 hours of online training.
Check availability: http://synapsetrading.com/trading-foundation-workshop/

See you all soon! 😀

Follow-up on Trading in Camp – Hits & Misses

Last week, I was serving out my army reservist (2nd last one), and since I had many pockets of free time, I decided to take a couple of trades using my mobile phone.

I will be heading back to camp again next week, hopefully I will more time to trade! 😀

5 Striking Similarities between Trading & Playing Pokemon Go (And Why You Can be Good at Both)

The Pokemon Go craze descended onto Singapore last Saturday, and I, too, was swept up in the frenzy. 😀

After playing for the past few days, I noticed many striking similarities between trading & playing Pokemon Go, and it struck me that if everyone from all walks of life can be so proficient at this mobile game, it actually means that they have the means and ability to trade on the go as well, and catch profits from the market as well as Pokemons.

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Here are some of the striking similarities:

1. YOU NEED TO AT LEAST KNOW THE BASICS OF THE GAME

Before embarking on the game, you need to at least know the game mechanics, the rules, and some simple strategies to play decently well, and make your time worth while. This means that you should at least read some starter guides, to avoid making the newbie mistakes (such as not starting with a rare Charmander or Pikachu), or not maximising your lucky eggs (by mass evolving your pidgeys and caterpies).

Shoot, I wanted a Bulbasaur lol 😅 #noobstart

A photo posted by Spencer Li (@iamrecneps) on

2. EVERYONE HAS TO PLAY THEIR OWN GAME (AND PUT IN THE HARD WORK)

Since sharing of accounts is not allowed, this means that every player has to play their own account, which means that if you want to level up or catch good Pokemon, you have to put in the effort and the hours, and if you want to hatch those eggs, you need to clock the miles by walking (or cycling). Hence, there is no shortcut to success here.

Caterpie, I choose you! 🐛 #caterpie #pokemongo #pips
A photo posted by Spencer Li (@iamrecneps) on

3. TEAMWORK WORKS WONDERS AS WELL

Although it is an individual game, teamwork can still help, such as teaming up with friends to take down gyms, or alerting one another of rare Pokemon sightings, so that everyone can capture the same rare Pokemon. This reminds me of trading in a fund, where we took turns watching the market to alert one another when good market opportunities come by, so that everyone can profit from the same moves.

4. JUST LIKE THE MONEY, THE POKEMONS NEVER SLEEP

While observing the PokeGym near my house, I noticed battles raging on all night, even at 4am. I salue the dedication of the players, and it kind of reminds me of traders camping up all night to trade the FOMC news annoucements. But just because the game goes on 24/7, it does not mean you have to be playing all the time. The opportunities to catch Pokemon and fight gyms will always be there, and you have to time and freedom to catch any time and anywhere, as long as you have a mobile phone and internet connection. This is exactly the same as trading for me haha.

This Pokemon gym next to my house is damn epic lol 😂 #pokemongo #pokegym #temple

A photo posted by Spencer Li (@iamrecneps) on

5. BOTH ARE FUN AND ADDICTIVE AT THE SAME TIME

The reason why both are addictive is because they are fun, and both include elements of luck and skill. The thrill of catching a rare Pokemon is the same thrill as catching a rare strong price movement which nets you a few thousand bucks while having your meal, or waiting for the bus. This is something which I have been trying to explain to people, and if you have caught a rare Pokemon, I think you will understand what thrill I am talking about. 90% of the time it is waiting and grinding, but it is totally worth it when you catch a good one. WOOHOO! 😀

Yessss!!!! Finally managed to hold a gym lol. 😎 #achievementunlocked #lifegoals #pokemongo

A photo posted by Spencer Li (@iamrecneps) on

To end off, I think that if you are able to learn how to play a complex game such as Pokemon Go, then I’ve got good news for you, beause using your mobile phone to catch moves in the financial markets is way easier. And instead of PokeCoins, you can actually make some real money while playing.

For those who are keen to know where I caught my Articuno, I will be sharing more at my next workshop. 🙂
Check availability: http://synapsetrading.com/trading-foundation-workshop/