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
The Boom and Crash Strategy
There are many benefits of forex trading, but if you are new to the market, you should first educate yourself. In forex trading, one exchange rate is equivalent to one currency for another. When you buy a Tesla stock, you likely used US dollars and paid for it with TSLA. A forex trader understands this concept. A forex market is made up of seven main currencies that are quoted in pairs. These currencies are known as forex pairs, and they are all quoted and traded in the same matrix.
One advantage of forex is its safety. There are no commissions, so you can trade with high risk, while staying within your budget. For example, a broker may charge a $7 commission on each one-lot trade you make with him, while a broker in the U.S. or the U.K. will charge you a commission. You can also take advantage of forex’s low risk by finding a reliable forex trader that doesn’t charge commissions or a high minimum balance.
Currency pairs are the most popular type of trading products. They are called “currency pairs” and are identified by ISO 4217 three-letter codes. One currency is called the base currency, the other the counter currency, and the last one is known as the quote currency. For example, EURUSD (EUR/USD) 1.5465 is the price of the Euro expressed in US dollars. Most of the exchange rates are quoted against the USD, which is the base currency.
A currency carry trade involves borrowing a currency with a low interest rate and buying a higher-interest currency. A large difference in rates can be profitable for a trader, especially if the exchange rate moves in a trader’s favor. However, be cautious, as large exchange rate fluctuations can swing the trade into massive losses. So, it’s important to understand forex trading before beginning to trade. It’s never too late to get started.
While forex trading requires some courage, you can expect to lose money if you’re not careful. It’s best to stick to a strategy that involves technical analysis and careful research of the market structure. This way, you’ll avoid becoming greedy and end up wiping out your account in no time. The majority of people will rush the market thinking that they’ll make money and increase their lot size, only to cry when the market reverses. Professional traders use stoploss systems to avoid excessive losses.
RSI can also help you analyze the direction of price movement. When you’re capitalizing on forex price movement, the velocity of the move is vital. The trend is not necessarily sustainable, but you can time your entry and exits by using RSI. You should understand the difference between a trend line and a moving average. These tools are useful to learn the ins and outs of forex trading, so don’t overlook them.
A five-minute momo strategy is another good option. This strategy helps you profit from forex pairs that show short bursts of momentum. In addition to the MACD indicator and exponential moving averages, it also uses stop-loss orders and trailing stops. It’s not foolproof, but it can help you make money. It’s important to remember that forex trading involves high risk. If you’re not comfortable taking risks, try investing in a standardized market where you know what you’re doing.
The most common way to lose money in forex trading is by not knowing when to trade. Taking advantage of weekends to research important economic news and market events is a great way to increase your profits. By using dailyFX’s Economic Calendar, you can determine important economic dates. In addition, it’s easy to spot market gaps when you’re executing your limit and stop orders. The more trades you execute, the more likely you are to profit from them.
As with any type of trading, the regulatory structure of the forex market depends on the jurisdiction. In countries like the United States, forex trades are tightly regulated by the Commodity Futures Trading Commission and the National Futures Association. However, developing countries have restrictions on the size and capital of forex trading firms. Europe, a large market for forex trading, has a Financial Conduct Authority (FCA) that monitors its activity. It’s also important to research the country of the currency pair you’re trading in.
The use of a stop loss and take profit calculator will help you calculate the proper stop loss and take profit price when you enter or exit a position. It’s also a good idea to use a pip value calculator. This tool will determine the correct amount of pip to trade and the amount to trade. Using a pip value calculator can help you determine the size of a position and how much you need to risk. In addition, you can use a Fibonacci retracement or extension level to determine the support and resistance levels.