Daily Market Updates on Stocks & Forex | Trading & Investing Strategies for Stocks & Forex, Singapore Stocks, US Stocks, Futures, CFDs, etc

Free Trading Workshop | How to Trade Profitably while Working, Travelling, or Sleeping

Most people think that trading is like gambling and staring at the screen the whole day hoping for a quick punt or a sudden windfall from penny stocks. This cannot be further from the truth.

After speaking to many successful traders, we secretly confide to one another how boring trading really is, and we have to find ways to kill time, such as taking up hobbies or by teaching others.

The truth is that once you learn to read the charts and use simple setups, it is not hard to profit consistently from the markets, and once you make an entry, all you need to do is switch off your screen and wait for the trade to play out, and you can carry on working, travelling, or go to sleep.

Here are some ways you can trade while working, travelling, or sleeping:

Using technology like your mobile phones, iPads, laptops, etc
https://synapsetrading.com/audusd-82-pips-profit-from-poolside-trading/
A simple and fast technique for analysis (perfect for busy people)
https://synapsetrading.com/15-seconds-chart-analysis-1268-in-2-simple-trades/
Versatile strategies – Choice of forex trading or stocks investing
https://synapsetrading.com/vard-holdings-historical-lows/

There is still a lot more to share, which I will be doing in my next free trading workshop next Thursday, including what trading strategies to use, and our recent blockbuster trades, such as Vard Holdings, and the new 35 Pips Daily Forex Challenge. If you are interested to trade part time or full time, this might just be what you have been looking for!

0 Comments/by Spencer Li

Forex Intraday Trading | EUR/USD – The Daily 35 Pips Challenge

Market Analysis

After the trading workshop yesterday, I gave everyone the forex daily 35 pips challenge, and today I traded with some of my students to show them it can be done. On every trading day, a major pair like the EUR/USD typically has a conservative trading range of roughly 70 pips, so the challenge is to make 35 pips a day consistently. While this might seem insignificant when people try to punt/gamble for once-off big gains, the power of consistency must not be underestimated.

A trader who starts off trading a measly 0.5 standard lots will be making 0.5 x 35 x US$10 = US$175 a day, which adds up to roughly US$3,500 a month, comparable to most full-time jobs. Not bad for a few trades a day! A trader who progress to 3 standard lots will be making 3 x 35 x US$10 = US$1,050 a day, which adds up to roughly US$20,000 a month, comparable to a high-end job in the financial sector. If a trader then progresses to trading 10 standard lots,… well I leave you to work out the math.

For today, the trading range was 83 pips, and I managed to catch 68 pips, and trailed my stops for a small portion of my profits. This was done in just ONE GOOD TRADE, well-timed with precision and accuracy. I have highlighted the sequence of steps from trade entry to exit, as well as how I managed my risk and trailed my stops. Of course, my students were following me live as I made these trades.

For those who are interested to hear me share more about how I always make such accurate entries by reading blank charts, I will be revealing how intraday trading can be done at a relaxed pace. https://www.eventbrite.sg/event/7760228051?ref=ecal

Forex trading strategies – Waiting patiently for a good setup

Checking the economic calendar for major forex news

Pin-point entry using one of our price action forex trading strategies – No technical analysis or indicators required

Price action goes in our favour very quickly

EUR/USD – Price spike down on news release!

Managing our risk by shifting stoploss to lock in profits

1st TP is hit for 40+ pips! Taking half profits.

2nd TP was hit at 1.3235, a few pips off the low of the day. Simply uncanny how accurate these price projections can be. Trailing a small position overnight to gun for 100+ pips overnight.

A big thanks to one of my students who insisted on using some of the profits he made today to buy me some sweet treats. With the daily effort put in, I am pretty sure it is only a matter of time before he will be trading a huge account of his own. Keep up the good work!

Spencer Li – The Wealth Coach – Stocks Investing – Forex Trading

4 Comments/by Spencer Li

Intraday Forex Trading | 15 Seconds Chart Analysis – $1268 in 2 Simple Trades

Market Analysis

Yesterday, I was invited to give another sharing session at City Index, this time I decided to showcase the speed and precise nature of our chart-reading technique, widely-known by the trading circle as Behavioral Analysis. This time, I shared the origins and mechanism behind this new science of chart analysis.

My apologies for those who didn’t manage to make it, because the maximum capacity of the place was 70 people, and I had to close the registration ahead of the event as I did not expect it to be filled so fast.

But fret not, for I will have another sharing session later this month for those who missed this, and I will be adding in something new and exciting, so that those who choose to attend again will get to learn something new. I see many familiar faces every time I give a seminar, and each time they learn something new, which is why they keep coming back for more.

In my mentoring program, I usually have quite a mix of newbies and professional traders. For this sharing session, I noticed we also had a few seasoned traders and even trainers from other training schools sitting in. This is not surprising, as there is always more to learn in the markets, which is why I believe it is very important to be humble and keeping improving myself.

There are only 5 seats left for this September intake, as I believe teaching is best in small classes, so I always limit my intake each quarter. If you miss up on this, you will have to wait till December for the next intake. https://synapsetrading.com/the-synapse-program/

For those who signed up on the spot, you have already been added to the private forum, and you can start your trading journey. One new student already sent me his 2 recent trades, amounting to $1268 in just 2 trades, already covering half of his course fees. I believe he has made the effort to start using the forum, and has been reading up all the useful trading tips and articles I have written in the forum.

0 Comments/by Spencer Li

The Global Economy Summarized in 5 Charts

Market Analysis

I have chosen 5 weekly charts to provide an overview of the global markets, and to see where we are likely to be heading next. The black horizontal line denotes the 2007 highs, to provide a reference point for comparison. The blue boxes indicate key behavioral clues for us to read and time the markets.

First off, we can see that the US markets are the strongest, surpassing the 2007 highs, and looking poised to push even further.

Next, we move on to the European markets, which have not recovered much. The decline has been plugged, but instead of recovery, all we see is a slow chugging movement elucidated by a prolonged sideways market.

Nearer to home, the China markets have been extremely weak, continuing an aimless drift downwards. It does not look like it would be recovering any time soon.

Lastly, this is the chart of the STI, straddling the middle ground between the strong US markets and the weak China/Europe markets. Since we have already recovered by more than 50%, I believe there is a good chance we will make a push to test the 2007 highs.

Currently, I am still holding on to my long positions, which are already deep in the money, and recently initiated some short positions. Here are the previous documented posts:
https://synapsetrading.com/sti-banks-signs-of-cracking/
https://synapsetrading.com/sembmar-a-surreptitious-change-of-hands/

On Tuesday, I will be sharing more at my live event, and you can drop by if you have any questions about the market. Actually, the event is already sold out, but if you don’t mind standing, or taking the chance that some people might not turn up, you can still drop by to avoid missing out on this event.
http://www.eventbrite.sg/event/7582887621?ref=ecal

To get priority updates on our future events, you can sign up for our mailing list,
and also “like” us on facebook.
https://www.facebook.com/synapsetrading
http://forms.aweber.com/form/18/2028118318.htm

0 Comments/by Spencer Li

INVEST Fair 2013 – Old Friends & Business Partners

News & Events

While waiting for the NFP trading session at night, I decided to visit the INVEST Fair 2013 to visit some old friends and business partners at their booths. Although I was offered a booth for this event, I had to decline because I was too busy with my trading and preparing for my next sharing session. Maybe next year!