The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.
Investing and trading is a high risk activity and should be approached with caution. I am not a certified financial advisor. Hence, it is important for you to seek a certified financial advisor to craft your portfolio.
Singapore youtuber profile:
Karen Foo is Singapore trader, investor, financial trainer, author, motivational speaker and international speaker. Her content on Youtube and Tiktok has helped tons of traders around the world to master trading.
Karen is actively involved in speaking at various financial conferences, seminars, expos, workshops and publicly-held events in Singapore, Malaysia, Thailand & Vietnam. She has shared the stage with top investment gurus and CEOs at the various conferences she has spoken at. She is also a TEDx speaker.
Having overcome numerous setbacks in her life, she has gone on to inspire hundreds and thousands of youths, working executives and leaders of various companies with her stories.
Being labelled as the “quietest student and underachiever” throughout her life, she went on to win numerous awards in public speaking contests, traders awards, academic awards & scholarships.
She graduated with a business degree specializing in banking and finance from Nanyang Technological University where she was listed as a featured alumnus. She was also nominated for NTU’s social responsibility gold medal award for her various contributions to charity. While in university, she was already interviewed by Singapore’s national TV, Channel News Asia as a young investor.
She is also the contest judge for numerous public speaking contests held around Singapore, ranging from club level to National level contests. She also represented her university 2 times at a national public speaking competition.
She was also featured in TV, radio, magazines and documentaries for her academic & career achievements. She has also written financial articles for her university newspaper and Singapore’s popular news platform, The Strait Times.
She was voted as the “Best Trading Guru in Singapore” by Traders Awards 2019. She was also given the “Top Popular Analyst in Asia” award by Wikiexpo.
Karen represented her university in a trading competition and managed to rank #1 in a Singapore nationwide Forex trading competition, competing with over 200 traders from NUS, NTU, SIM, SMU & the 5 polytechnics based in Singapore. She was also ranked 10th in a contest organized by FX Street, competing with over 3000 traders from over 20 countries. She was also ranked top 3 in other Asian trading contests.
She is the author of “Fundamentals of Currency Trading”.
Her wide range of experience has also led her to co-author a book, “Turning Ideas into Profit” with 10 other experts and professional speakers. Karen is also a contributing author of an investment book titled “Your Cash Moves”, where all the proceeds are donated to the Singapore Children’s Cancer Foundation.
Karen Foo’s email: email@example.com
Manager’s email: firstname.lastname@example.org
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The Boom and Crash Strategy For Newbie Traders
The Boom and Crash Strategy For Newbie Traders
Before you decide to invest in forex trading, it is important to understand the Forex market. While it is possible to earn money with any type of trading, you should first develop an understanding of the market before jumping in with both feet. Price action trading, for instance, involves trading on a naked chart without any indicators. Another strategy is smart money, which means trading on the underlying movement of an asset pair. These techniques are ideal for newbies because they allow you to capitalize on market fluctuations.
In forex trading, traders use a type of derivative known as a contract for difference (CFD), which allows them to speculate on currency prices. They buy or sell CFDs and bet on the direction in which the currency pair is headed. Although they can yield large profits, CFD trades can lead to substantial losses. Using high-leverage means that traders can use leverage to multiply their returns. This is a common risk in the forex market, and is why traders should learn about how to properly manage their leverage.
Traders can also choose a position trade, which can last for several months or years. This strategy requires more knowledge about fundamental analysis and can be used as an alternative to trading in a currency pair. Line charts are a great way to determine the big-picture trends of a currency and identify breakouts and reversals. This strategy also makes use of risk management tools, such as trailing stops. The goal is to maximize your profits.
Unlike conventional trading, forex brokers do not charge commissions for trading. You can trade in large lot sizes, but you should understand how forex spreads work. Spreads are the difference between the sell and ask prices of a currency. While the price of one currency is directly determined by the demand for that currency, many other factors affect the price. Interest rates, central bank policies, and economic growth all affect currency values. In some cases, political factors in a country can affect demand for a particular currency.
One of the key aspects of forex trading is managing risk. Most novice traders don’t understand risk management and end up losing money. You need to keep your losses to a minimum and be sure to apply fundamental risk management principles. If your account is under the important levels, you should aim to sell. If you see price falling below these levels, you should sell. You should never trade with an account under two percent. In this case, you should not risk losing more than $20.
In addition to risk management, forex trading is also characterized by volatility. Unlike the stock market, the forex market is open 24 hours a day. Thus, you can react to news and information that will impact the stock market later. Additionally, currency trading involves leverage, which means you use margin to buy large amounts of currencies. As a result, the price of a currency fluctuates constantly, making it vital to fully understand the dynamics that could cause a sharp spike in that currency.
Forex is a global market that operates without a central marketplace. Transactions are conducted electronically over the counter, through computer networks. This market is open twenty-four hours a day and five days a week in major financial centers. Almost every time zone is covered by the foreign exchange market. As a result, it is extremely active at any time of the day. Because of this, it is not just large financial institutions that participate in forex trading. Individual investors can participate as well.
For example, let us say you’re trading EUR/USD. You buy EUR/USD if you think the euro will increase in value. The EUR/USD spread is 0.4 pips, and if you can cover the spread, you’ll profit from the trade. This is how to learn forex trading and make a living doing it. The first thing you need to do is find a brokerage account. Nowadays, funding forex trading is easier than ever.
Forex is a global market in which individuals and companies can buy and sell currencies. Its daily trading volume is $5 trillion dollars, more than all world’s stock markets combined. This means you can invest in forex in the comfort of your home! And, forex is a great way to increase your income, as well! But it’s important to know the risks involved. You’ll need to invest a small amount of money, but the potential returns are huge!