Tag Archive for: forex trading

Spencer Li

Invest Fair (KL) – Here We Come! And See You There!

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Later today, I will be flying off to Malaysia (KL) to take part in the Invest Fair over the weekend.

For those in the area, do drop by our booth (which is number 28) for some amazing lucky draw prizes and special promotions!

I will be speaking on the 2nd day (3rd July) roughly between 4.30pm – 5.30pm, so do mark down your calendars if you want to see me live!

You can also follow me on my journey on Facebook or Instagram. See you there! 😀

 

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Spencer Li

The Synapse Program Q2 2016 – Nothing Beats Real Quality Training from A Professional!

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Would you like to learn how to create a 2nd source of income in your spare time?

With our unique 7 Step Formula and 4 Proprietary Trading Strategies, 15 minutes a day is all we need to start making consistent profits, and create a 2nd source of passive income. This is something that cannot be found in any books or websites, as it is based on real trading experience at the trading desk.

We are proud to announce that another batch of successful graduates have learnt the original 15 Minute System which reveals how professional traders time the market! Now it is time for them to put what they have learnt into practice, and start reaping profits from the market!

And once again, we have 100% positive reviews and a strong YES! when asked if they would recommend their friends and family.

Here at Synapse Trading, our goal is not to sell you some magical blackbox software, but to impart real professional trading skills which can stand the test of time and work under all market conditions. As the head trainer, I have traded professionally at private equity and proprietary funds, and I am an internationally certified CFTe under the IFTA. This is why I am the youngest professional trainer for SGX, helping to train both retail and seasoned traders.

We take special pride in our post-course support and training, with our ongoing monthly LIVE! market workshops, and daily discussions in our private forum and live chat groups, which is why most of our new students come from referrals from past graduates, and we have a long waiting list of people eager to join our exclusive network. Unfortunately, there is one of me, and I only have time to train a handful of new traders each quarter.

So the question is, will you be among the next batch of lucky traders to learn this unique skill?

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Q2 2016 Quarterly Training Feedback (Real Results from Real People!)

“The course content is easy to understand even for total beginner like me. Provide me the basic foundation to world of trading and hopefully can achieve consistent positive result –> to early retirement.” – Susan Koh

“Spencer is a very helpful person. His system is very simple but very powerful as well as his training about trading psychology.” – Le Hoang Trung

“The training gives newcomers like myself the informative guide and disciplined system to begin (my) trading journey.” – Kenneth Saw

“I have not done trading before. This course can be a good starting point to learn how to trade.” – Lawrence Tan

“Pace of training is good, not too much info overload. There are many aspects that we can learn to trade well. I appreciate Spencer’s putting together a simple to understand yet powerful knowledge training framework for his students so we don’t have to waste time learning everything and anything, but the essential knowledge to become a great trader.” – Julie Ho

“Overall good material, easy to understand. Material is easy to follow and examples are relevant. The network is a plus point to join your course.” – Lee Meng Teng

“Spencer was able to summarize technical analysis which is usually a dry topic, into easy to understand chunks & the 4 setups (swing, turn, break, bounce). Would definitely encourage both new & experienced traders to attend this course.” – Ming Hong

“Very detailed and good explanation of concepts. This course definitely helped me in understanding the chart better, improve the trading knowledge and hope it will give me enough confidence and improve my skills better.” – Zin Myo Aung

“Excellent Course Materials. Well delivered training that is suitable for all types of traders.” – Zhen Wei

“Course is good, to the point and easy to follow. Material on psychology and risk management is insightful. Classification of market types is also very helpful.” – Calvin Chng

“Spencer explains the fundamentals of trading in a way that is easy for me who is new to trading to understand. The systematic approach to trading and psychology he adopts gives me confidence in starting my trading journey.” – Kok Tong

“This course will benefit beginners who are looking to start trading.” – Yong Chin

“A very comprehensive and very good overview of trading and how to use the strategies to do it.” – Dolph Oh Kah Tuan

“The materials are very informative and useful. The lecturing & teaching is very structured and easy to understand.” – Alex Wong

 

Training the next batch of superstar traders for Q2 2016! ??? #lifework #synapseprogram #synapsetrading

A photo posted by Spencer Li (@iamrecneps) on

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Would you like to become the next Superstar Trader?

About our training program: https://synapsetrading.com/the-synapse-program/
To see more testimonials, please visit https://synapsetrading.com/testimonials/

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Spencer Li

Final Call for the Synapse Program! (Last Few Slots Available!)

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We are down to the last few available slots for the Synapse Program 2016 Q2 intake, where 20 lucky people get to master the skills which will transform their financial future!

coaching program

IF YOU MISS THIS, YOU WILL HAVE TO WAIT 3 MONTHS FOR THE NEXT INTAKE!

We only take in 20 new traders each intake, so once they are filled up, you will have to wait another 3 months before there will be any new open slots.

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RESERVE YOUR SLOT EARLY TO AVOID DISAPPOINTMENT!

To reserve a seat immediately, you can do so via this link:
https://synapsetrading.com/the-synapse-program/

To find out more, you can drop by our last 2 workshops:
https://synapsetrading.com/free-workshop-registration/

See you there! 😀

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Spencer Li

How to Place Orders and Enter Trades

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This is the last video in this tutorial series, which means, it’s now time to put into practice what we’ve learned so far.

So, let’s explore how to place your first trade and the different ways you can do it. This is an order ticket. When you look at the order ticket, you’ll usually see two prices: the bid price on the left and the ask price on the right. The ask price is usually higher than the bid price, and the difference between the two prices is known as the spread. If you want to buy a stock, you’ll have to buy at the ask price, and if you want to sell, you’ll have to sell at the bid price.

There are four main types of orders which traders use to buy and sell stocks in the market.

The first is the market order, commonly referred to by traders as hitting the market. This means that you buy or sell immediately using the bid ask price that is currently offered by the market.

The next order is the limit order, which means you queue to buy at a better price or queue to sell at a better price. For example, if you think that this stock is going to drop to $3.70, then instead of buying at the current ask price of $3.80, you can place a limit buy order at $3.70, which will kick in once the stock reaches that price and make the purchase.

Next up, we have the stop order, which as its name suggests, is useful for placing your stop-loss and very important for applying the 2% money management rule. For example, if you have bought this stock at $3.80 and you want to cut your losses once the stock drops below $3.70. You can place a stop sell order at $3.70, which will kick in once the stock reaches that price and sell off the stock.

Lastly, we have the OCO, or one cancels the other bracket order, which is basically a combination of one limit order and one stop order, which will cancel the other when either is triggered. This is commonly used when traders place their stop-loss and target profit.

These order types might seem confusing at first, but once you’ve placed a few trades, it’ll soon become second nature, and you’ll stick to the order types that suit your trading style and gives you the best results. That’s it!

Congratulations on completing the video tutorial series. We hope you’ve had an enjoyable and enlightening journey into the world of trading, but remember this is just the first step to becoming a successful trader. We encourage you to read up more, attend some workshops and most importantly, put what you have learned into practice. Good luck!

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Spencer Li

The 2% Money Management Rule

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We all know that the goal of trading is to make money and so far we’ve learned that as long as you have an edge in the market you will be profitable in the long run.

So the next question is how do you maximize your profitability without blowing up your account?

The answer lies in the 2% money management rule.

This rule states that you should never commit more than 2% of your available capital on a single trade.

Let’s say you have $10,000 to bet and you’re considering a particular trade with a hit rate of 60%.

How much should you bet?

If you bet the whole $10,000, you have a 60% chance of doubling your money

But you also have a 40% chance of losing everything.

That’s pretty exciting if you’re a gambler but not ideal if you want to remain profitable in the long run.

Let’s say you split your $10,000 into two bets of $5,000 each your probability of losing two bets in a row is only 16 percent or 40% x 40% which means your chances of losing everything are much less.

Sounds good?

Well if you took it one step further and split your $10,000 into ten bets of $1,000 each, your odds of losing everything would drop to just 0.01%.

However, the amount you’re betting each time would still be pretty high.

10% of your total capital.

That means if one of your trades goes sour, you lose 10% of your money.

If you stuck with the 2% rule you’d only bet $200 per trade.

Not only does this put a firm manageable cap on how much money you can lose for each trade, it virtually eliminates your chance of losing everything If you remember from our previous video, the risk of a trade is calculated by taking the difference between the entry price and stop-loss price and multiplying by the quantity traded meaning with the 2% money management rule, the only way to lose all your trading capital is to lose 50 times in a row, and the probability of that happening is less than 1 quintillion percent.

Now those are sound odds!

After all, as a money manager, your focus shouldn’t be on making the most money; that’s what a gambler does.

Your focus should be on ensuring that you do not lose your capital.

It’s like Warren Buffett once said the number-one rule is to not lose money and while there will always be stories of traders blowing up their account, if you stick to the 2% money management rule, it is virtually impossible for you to do the same and not only that, it’ll also help you improve your trading results across the board.

That’s it!

For our next video we’ll look at how to place orders and enter trades.

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