Harmonic Forex - Terry Tan

http://harmonicforex.com
http://twitter.com/harmonicfx
www.facebook.com/groups/fxgump
www.facebook.com/pages/harmonicforex

Terry Tan is the founder and director of HarmonicForex.com 

He has been trading the Forex market since 2009 and has written countless articles on trading the market the right way
He adopts a swing trading strategy based on harmonic patterns and is a big fan of the PRZ (Potential Reversal Zone)

He is OCBC stock broker by day and forex trader at night

Synopsis of the Talk on 22-May-13 OnlineTradersClub.ORG at #29-03 International Plaza
- To know more about the harmonic way of trading Forex
- As fancy as it sounds, it is a great system which places great emphasis on risk management, risk to reward ratio and most importantly a healthy lifestyle.
- Listen with an open mind and you can learn something
- FAQ

Introduction to HarmonicForex

Formerly FxGump, a Singapore FX portal started in 2011

Name changed in 2012 when we decided that harmonic trading is the way going forward for us

Started by 4 dudes who are doing it for passion while holding on to a full time job

Milestones & Achievements

2011 - had a total of 6 private students 

2012 Jan - Rebranded into HarmonicForex.com

2012 May - Started FB sharing group

2012 Aug - Hit 1000 followers on twitter and site registrants

2013 Jan - Speak at FXTrading@SG

2013 Feb - Conducted first mass seminar HFU intake 1 with 8 students

2013 Apr - First introduction to HFX seminar

2013 May - FB sharing group reaches 400 followers

2013 May - Speak at Harmonics at OTC Singapore

The Birth of Harmonic Trading

We are not the creators of Harmonic Trading

Scott Carney is widely known as the original creator of harmonic trading.

We started out trying this system by buying his book which can be purchased on his website. http://www.harmonictrader.com/

Jason Stapleton of T2U is also one of the guys we learn from before we come out with our own Harmonics plus system which includes a minor tweak to the original Harmonic pattern trading system.

This system is 80% based on the original harmonic trading syllabus with a slight 20% tweak which we will share with our readers in time to come.

Harmonic Trading by Jason Stapleton Vol 1 & 2 - published 2010

The Harmonic Trader by Scott Carney  published 1999

Why Harmonics

Maximize reward to risk ratio

- Classic double top vs

- Trend line break vs

- Harmonic Entry

Clear entry PRZ and exit points TP1-3

Clear rules to trade removes emotion

Our second favourite reason:

- Pattern in advanced

- Set and forget

It really picks turning points accurately

What do we do at HFX?

Trade all 25 pairs (majors, crosses and exotic pairs)

Based mainly on H1, H4 and D1 time frame

3 favourite Harmonic patterns - Gartley, Bat and Cypher

Plan our trades way in advance before it happens

Adopt the set and forget trading mentality

Sharing trade ideas on the website and facebook group

Harmonic Summary

Good Entry Levels ---> Great Risk Reward

Identify patterns and set trades in advance, before it happens

With the trend, counter trend, ranging

Happens on D1, H4 and H1

Also M15 and M5 (not preferred)

Patterns within pattern

Reliable & Consistent

Amazing Results - well documented

Harmonic Plus Course Outline

- Fibonacci

- RSI

- Psychology

- 3 patterns

- Harmonic Plus Trading System

- Risk Management

HarmonicForex University Intake 3 @ 27July2013 -  S$2,000

1 Full day with 3 live trading sessions

Today offer $1,700 at 15% discount

BK Forex Workshop May-Jun2013 - Borris and Kathy Lien

  www.bkforex.com

The Key to Trading Forex is

Having a Useful Trading Strategy

BUT Learning a Trading Strategy

does not automatically equal success

The Key to Effective Trading is Knowing:

• WHEN the Strategies should be traded
• WHAT Currency Pairs to trade
• WHAT Time Frame to use
• How to Use Proper Stops and Limits

We'll share with you:

Trading Strategies for Different Market Conditions.

Money Management.

ALL the Ingredients

that we believe are needed for

Trading Success in

One Single Trading Course.

  

 

 

SINGAPORE

May 23 to June 29, 2013

5 Weeks of Webinars

10+ Hours of Training

One Live Seminar in Singapore

You will Learn Strategies for:

• Trading Trend
• Picking Tops and Bottoms
• Scalping
• Breakouts

AND for the first time ever, have the opportunity

to TAKE HOME our personally developed

MT4 Expert Advisor

S$ 650
Early Bird Special ending 17May2013
Single Ticket S$488, Pair Ticket S$398
fx1academy.com/bkforex2013
Bonus - Forex Mastery Live 14-hours video by Mario Singh(S$888)
Bonus (first 30 signups) - High Probability Trading Seminar Videos by Kathy Lien (S$288)


 Week#1 What Market Are We in?
Learn How to identify and trade all 5 market conditions
- Range
- Trend
- Breakout/momentum
- Reversal
- Volatillity

Week#2  How to trade trends?
- How to jump o trend early
- How to join a trend on a retrace
- A BK exclusive trend following trading strategy

Week#3  How to pick tops and bottos with less risk
- How to pick short term tops and bottoms
- How to pick medium term tops and bottoms
- 2 Strategies: Probative Trades vs Momentum Plays

Week#4  The Benefit of breakout trading
- Why breaouts are our favorite way to trade
- Unique Money Management tactics for breakout trading

Week#5 How using signals from stocks and bonds can sharpen your forex trading
- How to use bond yields, spreads/stock indexes/forwards/options for forex traders
- All about the commitment of traders report
- Strategies on trading commodities and indices in relation to the fundamentals of FX

Live Seminar in Singapore
The Big Trade - learn a popular shares trading strategy that we believe works in forex
Expert Advisor MT4 strategy - from inception to implementation to coding an expert advisor and results
Learn about scalping in the forex market
Automated vs Discretionary Trading
Bonus - Get the EA free

Special Bonus: Two LIVE trading sessions in July

"We wil provide information on how to copy our trades in Singapore!"






- 

Gold and Silver - MK Chin

Gold and Silver as alternative investment portfolio by MK Chin

http://bestforexpert.com/

http://silverinvest.eventbrite.com/

www.BOSSingapore.com

https://www.facebook.com/events/309333712533839/

111 North Bridge Road - Peninsula Plaza.

Generate earning through Trading & marketing Silver in Singapore? Drop by our office @ these few days for details. Register FREE discussion session by choosing Date & time @ www.BOSSingapore.com

We're a leading holdings company based in Hong Kong specializing in Silver Trading & Franchising for institutions, individuals and financial intermediaries in Asia. We provide professional management services in every major world market, connecting you to exclusive portfolios across Asia. You may be doing fine in life but friends around you might need our Trading opportunity to help them out of the rat race - Working 9 to 5 daily till they're 95? Consider sharing this opportunity with your friends especially if you feel they can benefit from the program. Invite them to our FREE Introduction Talk on Silver Trading & Marketing. Register for a FREE Introduction talk now by choosing Date & time @ www.BOSSingapore.com PS: Give yourself this opportunity of a lifetime to create passive income.

Market Timing - Spencer Li Synapse Trading

Synapse Trading - Spencer Li

The first preview I had with spencer was in Oct-2012.
http://sgtradingcourses.blogspot.sg/2012/10/synapse-trading-spencer-li.html

New review today 18-May2013 at Cityindex #20-01 6 Battery Road.

What is Market Timing?
Does it Work?
How can you do it?

Which is Correct?
Buy low, sell high
Buy cheap, sell dear
Buy under-valued, sell over-valued

Market Behavior - Deciphering the Emotions
The buying wave:  Hope --> Greed --> Exuberance!
The selling wave:   Exuberance --> Fear --> Hope!

Market Timing is..
About Timing (Not Price)
About Psychology, Behavior and Emotions
About Having the Odds in your Favour

Results Ranking investment approach
1. Timing with Charts
2. Value Investing
3. Dollar-cost Averaging
4. Buy-and-Hold

Reading Beyond Charts
Reading the people behind the charts
Repeated patterns of human psychology
Thinking one step ahead

"Simplicity is the ultimate sophistication" - Leonardo Da Vinci

1. Market Players
Accumulation vs Distribution
New Buyers and Sellers on the sidelines
Existing buyers and sellers

2. Price Behavior
How to spot real buying and selling
Precision-timing of entries and exits
Catching the tuning points

Key Take-Aways
1. Market timing is knowing when the odds are in your favour
2. The market is not made of numbers - it is made of people and emotions
3. Learn to read the behavior of market players from charts

Training Programs
The Synapse Program
Hands-on Workshops  (monthly sessions 12x, market review and outlook, practice on real charts)
Traders Network (alumni & professional traders, daily forum support, chance to network)

Program Details
22-23 Jun 2013
Lunch provided
Workbook & Materials
Network membership

Skills Mastery - Practical applications of market timing
Predict breakouts before they occur
Capture big long-term price trends
Pinpoint major market turning points

Behavioral Patterns
Putting everything together
Proven patterns with odds in your favour
Shortcut setups to save time
Break  Swing  Bounce  Turn

Full package  - S$ 3,280

Special Promotion S$ 2,680

My Journey
"Whether you think you can, or you think you can't - either way you are right."




================================================================
Oct-2012 review:

http://synapsetrading.com/   S$2,600
2-day workshop conducting every quarterly free re-sit
Monthly support group
Access to private forum

SPENCER LI   
Spencer obtained his B.BM and B.Acc double degrees (cum laude) from Singapore Management University, and also holds the Certificate of Technical Analysis. He is a full time trader with over 7 years of experience, having traded options, stocks, CFDs, forex and futures. He has been featured in major publications such as the Business Times, and is frequently invited to speak at private events.
Spencer is the founder and head trainer of Synapse Trading, credited with formulating the trader's blueprint to train new traders. He specializes in price action and psychology.


Trading in a Nutshell  -  USD  (Understanding - Strategizing - Doing)
Beginner Trap - Why trader fail?
  - Lack of solid foundation
  - Trying to reinvent the wheel
  - Knowledge without skill
What to Avoid - Red Flag
  - High guarantee return
  - Selling a magic pill, instant results
  - Holy grail, blackbox system
  - Trainers are not really traders
Seeing the big picture: Do you know what is happening?
  - Why do prices move? How do prices move? Filtering the noise
  - How does everything tie together? FX, Stock indices, Treasuries, Commodities intermarket analysis
  - What strategies are best for current market?
Snapshot Decisions:  Net Positive Outcome (NPO) - Probability x risk/reward > 0
  - Decide within seconds whether a trade is worth taking
  - Risk vs Reward
  - Analysis Paralysis vs Gambling
Behavirous Analysis
  - Based on human behaviour
  - Build a mental sccenario as price unfolds
  - Clues using charts as universal language
  - Evolution of Price Action

Strategizing - 7 setup
  1.  Trend Play 
     - Catching the BIG MOVES
     - Occurs 20% of the time
     - Good risk/reward ratio
     - Best for beginner, hands free
     - Catching market cycles (EMA 200-day)
  2.  Breakout Play
    - Pent up energy (support and resistance)
    - Price has to being press down and consolidated
    -  High risk/reward
  3.  Momentum Play (Explosive)
    -  Fast in, fast out as price can u-turn very fast
    -  Buy high sell higher, Sell low buy lower
  4.  Reversal Play
    - Picking tops and bottoms
    - Avoid falling knife
    - Catching start of new trend
    - Potentially a big swing
  5. Range Play  (Yo-Yo)
    - Flat, non trending market
    - Occurs 80% of the time
    - No clear levels
    -  Buy Low, Sell High
    -  Most breakout fail, look for turning pont via chart pattern
   6.  Fade Play   (Frame snap back)
    -  Prices have gone too far and too fast
    -  Extreme overbought and oversold
    -  Counter-trend
    -  Only for experience trader but new beginner likes to trade this and most suffer losses
   7.  Reversal Psychology Play
    -  Counter trend setup
    -  Indicator herd, eg MACD historgram crosses zero line

Discover your niche (Success has various forms):
 - Your favourite plays
 - Ideal time frame, product and style
 - Personality profiling

Doing -Brain Efficiency
- Train your mind to work with you
- What is your circle of control
- How do you tap on your strengths and weaknesses
- Mental training exercises to train the mind
- Keep a trading journal

Key trader attributes
- Focus your time and energy
- What are my weak points
- What do I need to improve

Avoid: Ticking time bomb
- Excellent chart reading skills with consistant profit but LARGE DRAW DOWN
- REFUSAL to cut loss, DOUDBBLING Draw Down
- Revenge trading

Avoid: Compulsive Gamble Trading
- Good at finding setup but TOO MANY setups
- Profit on some good trades but too many losses
- Trading sub-optimal setup just for action
- Miss out other best setups as already lockup in other sub-optimal setup
- Trade larger size when draw down

EZ FX CODE Trading System - Patrick Lee

Preview on Saturday 27Apr13 10am-12pm at Six Battery Road #20-01  About 17 attendee

Simple and basic FX course. CODE system is using different indicators on different time frame.

Preview Highlights
- Profile of Trainer/Mentor
  1984-2008 Engineering, Technical & Operational Management, Director & GM of Manufacturing Plants
  Options Trading -2006
  Forex Trading 2009
  Mentoing and FX course Q4-2012
  EZ FX CODE Jan-2013
 
- Investing vs Trading
- Forex vs other Financial Markets
- Technical Analysis vs Fundamental Analysis
- Forex Trading as a Business and Full time career
- Why do yo need a Mentor
- EZ FX CODE Trading Course Structure & Schdule
3rd class scheduled to start on 11May13, limited to 15 pax per class

Course Content:    SE2,488
- Forex Basic
- MT4 platform
- Technical Analysis 101
- Key Candlestick Patterns
- Key Chart Patterns
- 7 Key Indicators
- Price Action, Support & Resistance
- Fibonacci Retracements and Extensions
- High Probability Low Risk Strategies (Scapling, intra-day and position)
- Trading Psychology
- Extended Demo Trading and Mentoring

Course Venue at 5001 Golden Mile Complex #06-19 (West Wing Office Lift Lobby)

Soh Tiong Hum TerraSeeds

Soh Tiong Hum

Managing Director at TerraSeeds Market Technician Pte Ltd

Soh Tiong Hum wears multiple hats: father of 3 year old, business owner, webmaster, cook, trader and investor, write and speaker, seo amateur and webmaster.

Why should individuals invest in foreign currency?

by GUEST WRITER on FEBRUARY 28, 2013

What is an investment in a foreign currency? Can individuals do it?

A foreign currency investment usually looks at long term plans or expectation of a long term outcome. Unlike trading in currency or more commonly known as forex trading which is very short term or speculative in outlook, an investor making an investment in a foreign currency is also making a buy-to-hold decision.

Can individuals invest in foreign currency? The answer is a loud and clear ‘yes’ in Singapore. Due to currency controls, this option may not be available to friends from some countries.

Three important reasons to invest in foreign currency

In my opinion there are 3 main reasons to make investments in foreign currencies:

1. Long term capital appreciation
2. Interest returns
3. Diversification and protection

To understand these reasons more easily, it is perhaps easier to understand that investors really only want to invest in sexy currency.

How sexy is a foreign currency?

“A sexy currency can fetch me more of the same types of goods and services and indeed, can fetch more of my native currency over a period of time.” It enjoys long term capital appreciation.

“A sexy currency can fetch me a higher interest return than my native currency if I do not use it but keep it in a deposit.” It makes interest returns.

“A sexy currency protects my buying power better in a crisis so that I have security. It diversifies my risk and protects my financial well-being or indeed my life.” It serves as diversification and protection.

Case studies

Singapore appreciates against the US Dollar – an example of long term capital appreciation

Singapore is a sexy currency compared to the US Dollar. I wrote a story about this some time back. “Besides Gold, there is one other currency that has a decade-long bull run” was its title.

Back in 2001, a US Dollar could buy 1.85 Singapore Dollars. By its low in 2011 ten years later, a US Dollar could buy only 1.2 Singapore Dollars. US Dollars could fetch less and less Singapore Dollars. It would be really un-sexy to hold US Dollars if you are a Singaporean but it would be really sexy to hold Singapore Dollars if you are a US citizen.

Singapore dollar appreciated against the US Dollar by 54%

Lets look at this particular foreign currency investment from another angle

Based on the 2001 exchange rate of 1.85 nine years ago, it took 54 US cents for a US citizen to buy 1 Singapore Dollar (an investment in a foreign currency to him). Nine years later, this savvy investor would receive 83 US cents (his native currency) when he sold his 1 Singapore Dollar. That is an amazingly sexy long term capital appreciation of 29 cents or 54% gain.

AUD and NZD Fixed Deposits return higher interest than Singapore Dollar fixed deposit at popular retail bank – despite promotion

Won’t say anymore because the table is self explanatory. But this is an excellent example AUD and NZD are much more sexy than Singapore Dollar to hold on as deposits.

Iranians hoard US Dollars

From the Arab Times ‘Iranian ‘Gold Rush’ Amid Inflation Fears’ published on 06 February 2013.

The Iranian gold rush was mainly driven by fears about the domestic economy, particularly the risk of soaring inflation and a wobbly currency…
The reasons that people are drawn to these safe assets — gold coins and hard currency — are firstly a limited choice of investment opportunities, and secondly a fear from the weakness of the national currency,” said an economist… These are results of more potential economic instability in the country.”

This story is a very good example of diversification and protection. Because of economic and political uncertainty, Iranians thought their own currency the Rial was a lot less sexy than gold coins and US Dollars.

My Thai experience

I had the chance to visit Bangkok in Thailand during the Asian Financial Crisis in 1998. The exchange rate between the Singapore Dollar and the Thai Baht moved from a stable pre-crisis rate of around 1 Singapore Dollar to 16 Baht to crisis rate of 24 Baht. Against the Singapore Dollar, the Thai individuals experienced a loss of purchasing power by 50%. It meant also destruction of the real value of cash assets. What happened when I moved around in the city? Thai businesses I encountered asked me to make my payments in Singapore Dollar. The Singapore Dollar (an investment in a foreign currency to Thais) was a lot sexier to hold on to in a crisis.

Investing in foreign currency in the last decade

Investing in foreign currency offer gains from appreciation, interest return, protects the value of savings and purchasing power. They can be an attractive addition to a multi-asset basket and fulfil an important role of diversification.

Most commonly transacted foreign currencies such as the US Dollar, Euro, Sterling Pound, Yen and Australian dollars are also the most attractive to invest in because they are backed by the strength and size of their economy.

However the shift in balance of economic power in the last decade may mean that savvy investors want to give a good thought to what to invest in. The Chinese Yuan looks very strong whereas the US Dollar and Euro is looking a lot less sexy than before. (In another story, ‘Is the Ringgit pegged to the Renminbi?‘ there was a chart showing the Chinese Renminbi appreciating against the US Dollar). Even the Thai Baht has become a sexy currency by 2010, being hoarded by Vietnam, Myanmar, Laos and Cambodia.

Lastly financial innovation means that foreign currencies can come in different forms. Notes and coins are great for protection in a crisis because they are the most liquid. Deposits are supposed to be liquid too. However foreign currency fixed deposits in Singapore do not enjoy deposit insurance so picking the right bank is a MUST. Lastly investment in foreign currency could also be made in different forms such as unit trusts/ mutual funds or exchange traded funds. While these are based on foreign currencies, some of them are structured with derivatives which bring in a lot more risk than an individual may be able to assess.

Jimmy Young EURUSDTrader

Jimmy Young One Year Professional Trainee Program  US2,495

This program is an on-going live training and live trading experience. The idea is for you to learn how Jimmy analyzes the market and makes intelligent trading decisions.

Live on-line training: 5 75-minute sessions; you will learn in detail the systems, tools, and software he uses.
Live on-line trading: 52 75-minute sessions; you will learn to apply the systems, tools, and software in real time.

The daily TRADEFINDER (a 5-7 minute timely video recording) provides you with trade ideas before the fact every trading day of the year. To develop your skill, there is also a brief critique of the prior day’s trade ideas.

The weekly NEWSTRADER excel spreadsheet provides you with ideas of how to trade and position for the upcoming week’s key scheduled news events. Strategies are reviewed and updated in the daily RADEFINDER.

Email and phone support directly with Jimmy is a key benefit of the program.
System training workbook is written version of live on-line training sessions.
Basic forex and basic trading videos for newbies to forex or trading.
Recordings of all live training and live trading sessions are archived and available for repeat viewing LIVE TRAINING

The next live on-line training will begin on May 11, 2013. The dates and times of all 2013 training sessions:
http://eurusdtrader.com/site/training/ You can attend live on-line training as many times as you like.

LIVE TRADING
52 live trading sessions are included in this program. You will start receiving invites to all live on-line trading sessions as soon as you join the program. 2013 trading sessions: http://eurusdtrader.com/site/trading/

TRADEFINDER
The daily webcast is sent out no later than 7am London Time, Monday through Friday. You will receive the TRADEFINDER in your inbox and you can also access it in the member’s forum: http://eurusdtrader.com/site/member/

NEWSTRADER
Weekly NEWSTRADER emailed to you every Sunday evening and is also available in the member’s forum.
TRAINEE ONE YEAR PROGRAM SUMMARY
1) Live training (5 live on-line sessions, repeated each month)
2) Live trading (52 live on-line sessions)
3) TRADEFINDER (260 timely daily webcasts)
4) NEWSTRADER (52 weekly updates)
5) Email and phone support (directly with me)
6) Basic forex and basic trading videos (for beginners)
7) Archived recordings of all live on-line sessions

TUITION
The complete cost of the entire one year trainee program is $2,495

RENEWALS
Annual renewal is $295 for TRADEFINDER (NEWSTRADER added free)
Annual renewal is $195 for live on-line trading
QUESTIONS / SIGN UP
Please email Jimmy Young directly at jimmy@eurusdtrader.com
or call Jimmy at 845 226 5403 (12pm to 9pm Eastern Time)