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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? 😀

 

Last week, we had some pretty decent trades in, netting close to US$2,000 in profits for a handful of quick trades, riding on the strength of the USD after the FOMC.


 

Also took the chance to check out my new house:

 

For those who are keen to join our private network for timely trade calls, you can reserve your spot here, but do so early, as we only allow 20 new people to join each quarter!
Register: https://synapsetrading.com/the-synapse-program/

Last week, we concluded another exciting run of our “Trading Mastery Program”, where we imparted our powerful “lifestyle trading” strategies to empower another batch of traders to create a 2nd source of income from the forex markets by spending 15 minutes a day.

I will be taking a long break from training, so we will not be having anymore “Trading Foundation Workshops”, but I have scheduled another 2 more sessions this year to clear our waiting lists for the “Trading Mastery Program”.

We will also be opening a few seats to the public for each session, on a first-come, first-serve basis. for those who are keen, you can reserve your slot via this link: http://wp.me/P1riws-31L

 

Training Feedback from Attendees:

“Very informative. The feedback from the homework submission is very helpful as it helps to confirm the concept & understanding. The concepts are broken down into simple parts, easily understandable with great support.” – Clemence Wang

“I’m very new to trading and this training gave me a lot of important insights & strategies to become a good trader.” – Larry Tan

“I feel that the course provided a clear and proven methodology to trade effectively. The tools provided are also very supportive.” – Janie, AXA

“The concepts taught by Spencer are easy to follow!” – Jiawei

Very informative and interactive training conducted in a right pace.” – Eugene Chng

Awesome course and wonderful post-course support even before the course ends.” – Eddy

Excellent training.” – Quek Boon Kiat

“A very complete training program that give a good coverage on trading and practical setups that are easy to understand and apply. The mindset portion is very important to ensure that we are profitable in the long term. Thank you.” – Alan

“The training was very well-done. The flow in the course is good, and very informative and detailed with a good overview of the entire market. The ending with mindset and psychology summarized it nicely. The case studies were also very useful in allowing us to apply the principles involved.” – Sherilyn Tan

“Good program structure, clear flow of progress on how to become a good trade, deep learning with a top-down approach.” – Nguyen Son Tung

Systematic and methodical.” – Wei Ming

“The course is conducted well. Able to see charts with different perspective and understand the behavior of the market and apply the correct method.” – CW Tay

“Having being a complete newbie to trading, Spencer’s course resources have made it easy for me to understand.” – Jaxon

“The program is systematic and provides good fundamental knowledge for traders who aspire to be profitable.” – Min Lun

“The concepts taught by Spencer are easy to understand.” – Gary

“A comprehensive workshop that gives insights to trading. The money management strategy is very good advice.” – Richard Ching, Nanyang Polytechnic

 

Register Early to Avoid Disappointment!

We will also be opening a few seats to the public for each session, on a first-come, first-serve basis. for those who are keen, you can reserve your slot via this link: http://wp.me/P1riws-31L

Good luck to all the new “future millionaires”, and see you all at the top! 😀

Last month, I embarked on a 2-week trip to Dubai, South Africa and Lesotho, and  it was truly a unique experience, especially driving over 3000km in 2 weeks, trying out the shark-cage diving, riding an ostrich, and doing a self-drive safari.

And the best part was that by continuing to trade 15 minutes a day, I managed to make a tidy 5-figure profit during these 2 weeks of travelling, which was more than sufficient to cover the cost of the whole trip! 😀

To see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

 

Here are some photos from the trip:


Once again, to see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

Enjoy! 😀

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 market updates!

To see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

 

Here are some photos from my last trip:

fb-album-ireland-iceland-uk


Once again, to see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

Enjoy! 😀