Small Trading Account Mistakes That Are Sabotaging You

Are you trading with a small account? Seen lots of people flipping small accounts within a few weeks? There are too many traders nowadays teaching you how to flip your small account. That is a retail trader mindset.

Professional traders take a different approach when it comes to growing their accounts. They might not be trading with a small account but the mindset is often times different than that of the typical retail forex trader.

Disclaimer:

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.

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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: karen@karen-foo.com
Manager’s email: admin@karen-foo.com
Website: http://www.karen-foo.com
Facebook: https://www.facebook.com/KarenFooSpeaker
Instagram: https://www.instagram.com/imkarenfoo8/

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Music Credit:

Mitsubachi by Smith The Mister https://smiththemister.bandcamp.com

Smith The Mister https://bit.ly/Smith-The-Mister-YT

Free Download / Stream: http://bit.ly/mitsubachi

Music promoted by Audio Library https://youtu.be/0IgndUb1YQI

A Walk in the Park from Youtube Audio Library

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Forex Trading and the Boom and Crash Strategy

forex trading|forex trading

Forex Trading and the Boom and Crash Strategy

While most people associate Forex trading with currency exchange, there are other forms of trading in which you can invest. The primary market for currencies is the spot market, which determines exchange rates in real time. For example, you can trade a single currency for another currency, such as the Australian dollar. These two markets can be very different. However, they are both similar enough for you to consider them as a viable option for forex trading. Listed below are some of the main differences between the two markets and how you can profit from them.

Currency-specific regulation and capital protections vary around the world, which makes it important to investigate the regulators before investing. Regulatory bodies and the U.S. Securities and Exchange Commission can help protect investors in foreign currency markets. While there are many unregulated forex dealers in the United States, U.K., and Australia, there is still a significant amount of risk associated with investing in forex. It is therefore crucial to investigate the level of oversight your forex dealer has. Make sure your broker offers adequate account protections to protect your funds in times of crisis or insolvency.

While forex trading is fast-paced, there are risks involved. Currency pairs can fluctuate rapidly, leading to the risk of “gapping” – where stop-loss orders are executed at prices unfavorable to the seller. Furthermore, central bank decisions may impact interest rates. As forex trading is an extremely fast-paced option, some traders focus on specific currency pairs to maximize their profits. Nevertheless, traders must spend a lot of time studying the countless economic and political factors that affect currency values.

As previously mentioned, forex trading involves buying and selling currency pairs at the same time. For example, you can trade in the long-term by betting on a currency pair’s price increasing. Conversely, you can place a bet on a currency pair’s future value by selling the currency pair in the short-term if you think it will go down. You should always remember that large lot sizes may discourage some traders. So, make sure you do your homework before starting a new trade.

Currency futures and forwards markets also help traders hedge against currency fluctuations. Using the forex market is a great way for big international companies to protect themselves against the risks associated with currency value fluctuations. In addition to banks and big companies, you can also trade speculatively in the foreign exchange market. It’s a safe way to invest your money, and it allows you to participate in the world’s biggest financial markets. And if you’re new to the concept, you can learn a lot about forex trading by using a free currency calculator.

You can make money by trading currency online. Forex markets offer deep liquidity and 24-hour trading. However, be careful not to lose all of your money in a short period of time. There are many benefits and risks involved in forex trading, and if you don’t understand these risks and are willing to invest some capital, you’ll likely have trouble making a profit. That’s why you should research the industry thoroughly before beginning. There’s a huge range of opportunities, and you’ll find the right path for you.

Currency exchange rates are based on the maximum buyers’ bid and the lowest sellers’ ask. This difference determines the price of a particular currency pair, or lot. For example, if you were a buyer looking for a certain currency, the bid price will be higher than the ask price. Traders make trade positions based on the assumption that the price of the currency will change, hence the name “forex”

Currency trading requires a thorough understanding of the interconnectedness of different currencies. It is not for the novice, and it requires significant knowledge of economic fundamentals and interdependence to succeed. Additionally, the forex market is largely unregulated, meaning that it is less likely to be regulated and has a limited dividend payout. That’s why Forex trading isn’t for everyone, especially if you’re looking for exponential returns. However, if you have the requisite knowledge and experience, you’ll be well on your way to becoming a forex trading master.

The main difference between forex and the stock market is the time frame in which the currency is traded. While the U.S. stock market is open 24 hours a day, forex trading operates around the clock. Traders invest in currencies in one country and sell them in another, while making predictions about their value. The most common way to trade forex is to purchase derivatives, such as IG’s rolling spot forex contract. Then, they speculate on which direction the currency will move.

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