Entries by Spencer Li
Warning to Beginners: Avoid the Indicator Trap
It is easy to see why retail traders find indicators appealing because of their ease of use and clear-cut signals. In fact, many new traders think they know all about trading because they have learnt a few basic indicators that generate simplistic buy/sell signals. This kind of thinking is dangerous because it shuts them off […]
Anchoring Bias – I Refuse to Change My Mind!
What Is Anchoring Bias in Trading (and How to Beat It)? Last updated: 28 September 2026 · By Spencer Li, CFTe Anchoring bias is the tendency to lean too hard on the first number you see, and then judge everything after it against that number instead of against reality. In trading, the anchor is usually […]
The Time Element – Choosing the Correct Timeframe
Every trader knows that using multiple timeframes can provide different perspectives on the market, and provide key information on the lead-lag relationship. Small timeframes lead larger ones, and larger ones drive the smaller ones. Understanding the inter-play is crucial. Since trends exist on different timeframes, it makes sense to analyse at least two timeframes. For […]
Citbank Forex Challenge 2010
Photo with Lee Lung Nien, COO of Citibank Singapore This year, it was once again a gruelling tough battle at the Citbank Forex Challenge. There were over 300+ teams, and only 48 made it to the finals. I am proud to announce that 4 of the 8 teams from my round that made it to […]
Free Trading Guides
