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Roughly 3 months ago, I embarked on a one month road trip across the US and Canada, and here are the list of places I covered:

San Francisco, Silicon Valley, Salt Lake City, Jackson Wyoming, Grand Teton, Yellowstone, Rocky Mountains, Arches, Canyonland, Capitol Reef, Bryce Canyon, Zion, Grand Canyon, Death Valley, Yosemite, Devil’s Tower, Mount Rushmore, Lake Tahoe, Colorado National Monument, Les Vegas, Antelope Canyon, Horseshoe Bend, Toronto, Niagara Falls, San Antonio, Austin, Fort Worth (Texas)

It was a great chance for me to test out my new forex trading signals which allowed me to trade on the go, and I must say the results were pretty stunning.

 

Here are some photos from the trip:

Here is the full photo album for this trip: https://www.facebook.com/iamrecneps/media_set?set=a.10156477353543430&type=3

Good luck, and may the profits continue to flow in! 😀

 

P.S. For my full travel photo log and list of countries travelled, please visit: https://synapsetrading.com/travel-log/

When it comes to trading, most people think that trading is stressful and boring because it involves staring at a screen the whole day and watching prices move, and then having to execute trades at lightning speeds to make any profits.

That is quite often what is shown in the movies, and very much dramatized.

In reality, there are many different kinds of trading, and here is a simple infographic depicting the main categories.

Source: Forex Useful

 

Generally, what you see in the movies tend to depict scalpers and day traders, which is the most stressful kind of trading. I myself tried it for a couple of years, but it started to take a toll on my health, which I decided was not worth the money, even though it was pretty good.

Position trading is more useful in timing the market to build your long-term portfolio, as I mentioned in my previous blog post: https://synapsetrading.com/2018/05/how-to-build-a-1m-dollar-portfolio-by-30-the-practical-stuff/

Hence, I find that the most useful kind of trading for anyone who is doing it part-time, or does not want to get too stressed out, is to use a swing trading approach. This means taking tactical positions to capture the medium to long-term trends.

With just 15 minutes a day, it is more than enough for me to place and manage my swing trades, which leaves me more free time to focus on the things that matter in life.

Of course, there are some drawbacks to swing trading as well, for example your income will be more lumpy as compared to intraday trading, and you will need a ton of patience in waiting to enter the perfect trades, and also waiting for trades to play out.

In summary, the type of trading style really depends on each individual personality and amount of free time, but personally I prefer to use the swing trading approach because it gives me the best returns for my time and effort.

Do you know what is your preferred style, and does it play to your strengths? 😀

 

This is the dream of many millennials, to build a million-dollar portfolio as soon as possible, so that they can live off the passive income, and focus on pursuing their dreams, interests or hobbies, without having to worry about money any more.

When I was in my 20s, that was my dream as well, which was why I read over 2000 books ranging from investing, trading, psychology, motivation, philosophy, biographies, businesses, digital marketing, finance, accounting, etc. And that was when I realised that most of wealth creation boiled down to 3 simple core principles.

 

1) Multiple sources of Cashflow

The first thing you need to get started is a solid base capital, so at the start if you do not have much capital, almost all your time and resources should be focused on generating as much cashflow as possible to build up your ammunition.

If you have a well paying job, then you can start saving aggressively, but to speed up the process, most people will seek to generate multiple sources of income or cashflow. Some examples include working a side job, starting an online business, etc.

For me, I decided to use forex trading, because it did not require much capital to start, and also because I did not have much spare time, and could only afford to spend 15-30 minutes a day. Now, it provides me a steady monthly cashflow, which allowed me to move on to step 2.

 

2) Timing your portfolio purchases

Once you have sufficient capital and consistent cashflow, the next step is to start building your long-term portfolio. Start by having a rough idea oh what your ideal portfolio is, and what kind of risk/return profile you are looking for. Look out for assets that have a good chance of capital appreciation, as well as passive returns in the form of dividends or rental yield. Over time, I tend to favour having more “passive income” type of investments.

Do not be in a hurry to buy everything at once. Watch and study the market cycles, and aim to buy stuff only when they are cheap or “undervalued”. This can be done easily by looking at the charts of any product over the past 50-100 years of history. There is no need to spend hours reading financial reports or analyst reports. Remember, our goal is to get the most out of our limited time.

 

3) Re-invest the passive income

As your portfolio grows, and you continue to add to it via your monthly cashflow contributions, the real kicker is when the effect of compounding kicks in.

The best way to do this is to also re-invest the passive income which you get from the portfolio itself, creating a snowball effect which will literally grow your portfolio exponentially.

Once you have assembled your ideal portfolio, all you need to do is to check on it once every 3 months or so, and do some rebalancing. In the meantime, you can pretty much enjoy the fruits of your labour, and focus on living your life instead of having to worry about money.

For me, this means travelling around the world (50+ countries to date!), and sharing my knowledge to inspire and help others do the same.

Now, are you ready to start building your own portfolio?

Last weekend, we conducted the very first intake of our newly revamped “Lifestyle Trader Program (LTP)”, where I spent 2 full days imparting professional trading skills to both new and experienced traders, and how they can follow a step-by-step roadmap to building their first pot of gold by spending just 15 minutes a day.

It was an awesome weekend, and I look forward to seeing my next millionaire student! 😀

 

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TRAINING FEEDBACK & TESTIMONIALS:

“Spencer has been helpful and generous in sharing his knowledge of trading by identifying the market types, 4 different setups, and price action, volume time analysis. It has given me confidence to go live on my account the next trading day.” – Johnson Quek

“Very informative!” – Tse Young

Well-structured & organized training. Easy to understand. Nice learning environment & support provided by Spencer/Terence.” – Jonathan Lim

Good detailed explanation of trading concepts & setups. This course definitely helps me understand the basic skills to do any trades.” – Joylene Wang

Very concise and detailed explanation on trading. Good course for beginners.” – Samuel

“It is a good foundation course for beginners to learn more about the different setups for trading.” – Karen Chan

“The course is easy to understand and broken down into simple steps for beginners.” – Karen

“Overall, the tips and knowledge are valuable.” – Jarren

“Both Spencer and Terence are knowledgeable and open to share insights and get learners started on trading. Good job!” – Calynn

“The lesson flow was good, easy to follow with practical insights on trading. Easy to follow. Spencer is very open and willing to help his students to learn. Thanks!.” – Jon

“The training programme is a no-fluff and no-hype one and very practical tools are shared, which will build strong fundamentals in us during trading.” – Chris

 

NEXT INTAKE RESERVATIONS:

The registration for the next intake (Q1 2017) has opened, and you can reserve early to avoid disappointment.
Check availability: https://synapsetrading.com/the-synapse-program/

See you soon! 😀

jonathan-lim

“The course suits beginners to more advance traders, explaining the basics to the simple set ups. Increases confidence to trade live!” – Jonathan Lim

Thank you Jonathan for your kind testimonial, and we wish you all the best for your trading journey!

 

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Would you Like to Start Learning Real Skills & Getting Real Results?

About our training program: https://synapsetrading.com/the-synapse-program/
Training schedule: http://www.xfers.io/item/synapseprogram/ 

To see more testimonials, please visit https://synapsetrading.com/testimonials/
Email enquiries & booking: info@synapsetrading.com, Whatsapp +65 9772 4280