15 January 2019

Which is the better broker? (IG vs Oanda)

I used to use Oanda for 3 years before I switched to IG. There is a long story behind, but moving forward, I am quite pleased with IG so far.

I did some rudimentary comparison, compiled for my own convenience and your reference.

I have not tried other brokers yet, so I will just comment on these 2 brokers.

Let me know what you think.


IG is preferred over Oanda because:

  1. There are more products available.
  2. IG fees are lower.
  3. IG does not have withdrawal fees.
  4. Both trading platforms are smooth.
  5. IG has local staffs to assist.



Overall Pros


  1. Easy to use web trading platform
  2. Helpful and reliable customer service
  3. Great deposit and withdrawal tools

    Overall Cons

  1. Easy-to-use web trading platform
  2. Nice and digital account opening
  3. Powerful research tools

  1. Limited product portfolio
  2. Limited research tools

  1. Only FX, and some index CFDs
  2. Pricey withdrawal

Fees (Screenshots from websites)

and others

and others

Web Trading Platform

  1. Two-step (safe) login
  2. Excellent search function
  3. Good customizability 
  4. User-friendly

  1. Excellent search function
  2. Good customizability 
  3. User-friendly

Available products

  1. FX, 
  2. Commodities
  3. Indices
  5. cryptocurrencies

  1. FX, 
  2. Commodities 
  3. Indices

Customer service

Available, local staffs
Available, overseas staffs



14 January 2019

28 December 2018

Copy my FX trades !

Calling all traders who are doing FX trades and have not been successful.

I am extending this system to SGSAS for a small fee for those who have been not profitable in their trades. Hopefully, this can help to recover back the losses incurred by the market.

My system has been ongoing and I have been trading for 2 years+. Only trading on EURUSD, as it is I spent many years on it. And I have tried and tested for 2 years, it's time to help more people.

The risk disclosure includes the usual lines that FX trading may result in partial or full capital risk. This is due to market conditions. Not to mention, the broker spread has to be accounted for too.

Suggested to start with at least a capital of $5k. This money is deposited in your own name under your own account under your control at all times. So no hanky panky going on.

On top of that, the risk can be adjusted via the portal. This gives better control of your account while copying my trades.

Last 2 things to mention on my 2 years old trading account:

1.   To avoid a high drawdown, ensure your own account has enough margin, always.

2.   As I trade, I will have open positions which will be in losses. I may average these positions and close as I trade. At any point in time, if you are uncomfortable, you may close these positions at will.
For more clarifications, you may message me.

$40 a month is a small fee from you to help recover your losses. The costs involved are for hosting and copying trades. I do not collect the full $40, but only a part of it. I'm not sure if the fees will be increased with more subscriptions, but I promise I will keep it at S$40/ month.

To start, click the COPY button on the banner on the top right corner. There will be instructions to guide you with the setups. Need to have an FX account ready first too.

Welcome aboard and win together!

14 December 2018

Money Changing Service

Thank you all for the overwhelming response.

As the calls and emails are flooding in, we have decided to move it to a new blog address and email address so as to filter accordingly. Also, not to create much confusion between stocks and money changing service.

SG Notes and Coins Changer


Please look for Morty
Email: changesgmoney@gmail.com

SMS: 87746825

12 December 2018

Coin Exchange Service

Both coins for notes and notes for coins service is available.*
Coins will be a mix of both Old and New Series coins.

Pre-packed denominations for notes to coins exchange as follows :
  • 10cents - $20/bag
  • 20cents - $20/bag
  • 50cents - $50/bag
  • 1 dollar - $100/bag
Minimum exchange amount is $500/-
Maximum exchange amount is $2000/- 

Fixed rate at $7 nett for every 1000 pieces of coins (Exchange your notes for coins).
Fixed rate at $4 nett for every 1000 pieces of coins (Exchange your coins for notes).
Fixed rate at $4 nett for every 100 pieces of $2 note and $5 note.

For example:

Number of pieces in 1 bag

10¢ (S$20 worth)

20¢ (S$20 worth)

50¢ (S$50 worth)

$1 (S$100 worth)

-Delivery service available at $10 nett per trip.

PM for details and arrangements

11 December 2018

Why STI at 3050 is a CRITICAL point?


STI opened lower, dropped 40 points this morning.

I received questions why is 3050 an entry for consideration.

1.        STI has been moving around 3050 since July.

2.        Notice the yellow channel? There is a chance that it is a mini rebound, moving away and out from the downtrend channel.

3.        For the yellow channel to be invalid, STI has to drop past 3050.
In other words, breaking out of the yellow channel, rendering it invalid.

4.        If the level 3050 is supported, it could also mean STI may move within the yellow channel upwards.

Please be reminded these are references and guidelines. There are no absolute charts, training coaches or charting software in the market can predict the next move or turn. For my friends who are seeking free charting software, you may look at https://www.tradingview.com/

Feel free to share your thoughts or any news.

my 2 cents.

05 December 2018

Why Do We FOCUS on Down-trending STI?


Give it a few more days, perhaps STI will move back to the down trending channel?

Friends who have sold earlier to lock in the profits would have some cash ready for the next position. Let's aim for 3050 STI for possible 1st entry, but watch how it breaks the 3100 mark. Will it be another 'gap down' like today? or a rebound?

My friends who receive my daily emails commented that I tend to be focusing more on the down-side of market movements. And I observe that this is true too.

Well, I find that most of us tend to be more comfortable to buy shares when the general market is rallying, at a preferred price that is. In a down trending market, however, many of us will stay out, only waiting for some signs of a rally before buying shares, in fears of missing out of the next rally. When that happens, usually the price will be higher at a premium level because the market has recovered.

For the maximum possible profits, it is always better to buy at the lowest possible price. And for that to happen, the best time will be during bearish times. Investing cash may be limited, therefore discussion of possible entry prices will be more interesting for all of us who wants more value. Due to observations and preferences, there will be a myriad of suggestions. Hence the discussion of entry prices helps to ascertain if there are other better reasonable possibilities.

When market rallies/rebounds, I am certain many of us will be able to decide better because there will be paper profits. It is up to each individual to decide how much more before selling off the shares to lock in the profits.

Likewise usually at times like this, I will be thinking and observing what price to sell as well.

30 November 2018

Thursday, November 29, 2018


As discussed, STI has rebounded. However, no matter how I draw and adjust the downtrend channel, it is still near the upper range of the channel. It is unclear if this gapped up candle will indicate a higher rally strength in favour of the bulls in days to come. Nonetheless, I think it is only correct to say that this is a good time to sell some shares when profits are available. Once with the available free cash, more opportunities are available should the price were to come lower over the next few days.

As inferred from my above statement, I am in favour of exiting some profitable positions. This is because:

1.         It is still within the downtrending channel.
2,         Unclear outcome from US-China trade discussion. Any trade disagreements will send price tumbling down, which is a chance for entry again.
3.         Still early to tell because the day candle is not completed. In other words, it is necessary to see how STI ends today. Is it a solid candle? or a harami cross?

Of course, I am not stating that today is a 'MUST SELL'. There is also a chance that all the good and positive trade war developments to come in and the market will recover from here. So should that happen, sell later equates to higher profits. After all, there are higher lows as mentioned in my previous email.

Lastly please understand that I am stating and addressing the possibilities. This helps to manage money better.

01 November 2018

Thursday, November 1, 2018


In my previous email, I have mentioned that STI was oversold. And with that, STI came back up and closed at 3018, breaking past the pyschological mark of 3000, and the gap at 3030. At the point of writing, STI is now at 3043, up 25 points. Now the previous support line of 3050 has turned into a resistance line.

Likewise this morning OCBC came up strongly due to good reports with better profits and growth. Details below.

Traders may want to sell on rally to lock in profits. Investors will be rather unwilling to buy at this level, probably only after 3 - 5 days to allow traders exit their short term positions first. Once the traders' exit, then the price may be lower (or higher) for investors' entry for future rally, hopefully.

Chart reading is an art. It is a combination of observations from various sources and guess work of the upcoming possibilities.

If all else fails, or unfamiliar with candle charts or whatnots, then go by the old school way. That is using price as a reference and acting purely on it; buy when price is low, sell when price is high. When this is done consistently, profits will grow eventually.

My 2 cents. Feel free to share thoughts with me. Once again, thank you all for your kind support.

18 October 2018

Wednesday, October 17, 2018


STI opened 50 points above, this forms a nice weekly hammer candle. Yet it is still early to celebrate for the week has not ended yet.

Now assuming it closes high as a nice hammer, it should rally for 1 or 2 more weeks. Otherwise, it may continue to consolidate. Will it hold? This is something to observe and not a simply a yes or no question.  Personally, i see that for the rally to hold it should not break 3050. Resistance will be at 3100

The 4th telco got delayed again. that somewhat boost telcos shares today.

Banking stocks continue to move lower and lower. Good for waiting and buying at strategic prices with spare money. Yet as mentioned in my previous email, the focus will not be in banks next year. It does not mean banks shares will not rally. But probably not as fast as before relatively. Will share more in my year end note.

my 2 cents.

Singapore Stocks to Watch

* EC World REIT Unit (ECWREIT SP): Gets Right Of First Refusal On Asset For Rmb702.5M
First REIT (FIRT SP): Third Quarter Distribution Per Unit S$0.0215; Upgraded To Add At Cimb; Pt S$1.36
Keppel DC REIT (KDCREIT SP): Third Quarter Distribution Per Unit S$0.0185
Keppel Infrastructure Trust (KIT SP): Confirms Participation In Sale Process For Ixom
Noble Group (NOBL SP): Plans Creditors Meetings Nov. 8; Starts Exchange Offer
UOB (UOB SP): Is Said To Hire Banks For 2B Yuan 3Y Panda Bond Issue

24 September 2018

10th anniversary of Great Financial Crisis!

As we enter the 10th anniversary of the GFC, predicting the next crisis has been the foremost preoccupation of the media. The most interesting scenario mentioned has been higher interest rates and an economic slowdown sparked by a growing U.S. fiscal deficit. The positive impact of fiscal stimulus on the U.S. economy should wear out over the next two years. But this deficit spending will remain and the U.S. will need to borrow and sell even more Treasuries. To attract foreigners into buying these Treasuries, interest rates will need to rise, which will dampen economic growth. In turn, this will weaken the US dollar, negating the effects of higher rates on the dollar. A negative spiral will then ensue.

Another notable concern is the side effects of quantitative easing. The wealthy have benefited from central bank purchases of financial assets. This has widened the wealth gap and fuelled the rise of populist and nationalist-led regimes. The danger of such regimes is the higher chances of conflict within and between countries. Two years is an eternity for most of us "investors". Foreigners’ tolerance for U.S. government bonds despite a $1tr fiscal deficit will always be artificially high. The US dollar may be flawed, but it will be hard to lose its global reserve currency and trade settlement status unless a better liquid alternative is found. Therefore, for run on Treasuries to materialise, it needs to be accompanied by higher risk-free yields appearing out of Europe and Japan.

The backdrop for equities in Singapore is turning weaker. News flow is negative as the trade spat worsens. And as we enter U.S. mid-term elections on 6th November, we expect the market to trade even more cautiously. Other economic conditions are not encouraging. We can expect emerging-market economies to weaken as their currencies get pummelled. The slightest signs of higher imports or weaker trade balances will result in the selling pressure on their currencies. Near-term solutions for emerging markets will be contracting consumption and raising interest rates. In developed countries, with the exception of the U.S., Europe and Japan are stuttering. Our position is to remain defensive.

Taken from : https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/bacedf0833b1872b35ade0330ca71a323684ba64.pdf?1537751340

02 September 2018

UBS Aug SG market wrap summary

UBS Aug SG market wrap summary

MSCI SG index -1% MoM (underperformed MSCI Asia ex Japan); Trades at 13.5x FY18F PE

SG 2Q18 GDP +3.9% yoy; Unemployment rate ticked up to 2.1%
SG residential: Believe buyers will delay buying and resale momentum will slow; physical prices to start easing (Prefer SREITS; Upgrade CapitaLand to BUY – preferred over peers due to lower exposure to SG residential)

Top STI performers in Aug: Yangzijiang (+20%); Venture (+13%); CapitaLand (+7%); Sembcorp industries (+7%); Wilmar (+5%)
Bottom STI performers in Aug: Thai Bev (-18%); Genting SG (-16%); City Dev (-6%); Jardine Strategic Hldg(-6%); DBS (-5%)

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30 August 2018

3 Types of Traders and Investors (Which is you?)

As a stockbroker, there is a lot about a trader on how much he watches the chart and the questions he asks. It can be intriguing for some, but it will be easy for you to understand once I characterise these traders based on their chart watching attribute and other whatnots.


An amateur doesn't spend much time watching charts as he doesn't know how to interpret it. But he does put in a lot of work and effort in forums and blogs, looking out for advice from experts. Most traders tend to be successful at this point in time in their career as they do trust and follow expert advice meticulously. It is mostly because of this initial run traders get lured into the trading fraternity and want to take up the career.

A few behavioural characteristic questions include:

  1.     "So the DBS shares, if S$20 can buy?"
  2.     "Market good or bad now?"
  3.     Will market crash in 2019?"
  4.     "What is the best stock to buy?"
  5.     "Which shares can short to make more money?"
  6.     "I bought Singpost at S$2, should I still hold?"
  7.     "How come today ST Engineering did not rise in price?"

    ....and the list goes on.

It is very very hard to answer such questions in the office with limited time over the phone. Though I am happy to share, the phones are reserved for placing trades during office hours.

In my case, usually, I will reply and try to educate whenever I can. Beginners usually take things in a fixated view, as a result, they are unable to see the downside or the other possibilities that may happen in the market.

And worst kind of questions I ever encountered in my line of work,

"How come you as my stockbroker did not stop me from buying this share? Now I lost money because you didn't stop me?!" 

We all start somewhere, and whatever we learnt we should give back for free. This is the exact reason why I started this blog.

Intermediate trader

An intermediate trader watches the chart incessantly as the euphoria of learning and understanding the intrinsicality of the market will be overwhelming.

However, the incessant gets transformed into addiction and result in over-trading. The intermediary period can be either the dawn or dusk of any trader. It is the trader’s innate trait of will and resilience to find a way out from the slump and revamp his trading strategy and attitude. The quicker the trader identifies the problem of chart watching, the merrier. But, what happens in most cases is that the traders compensate the loss with more hard work -- chart watching which is like adding salt to the wound.

With these above points mentioned, it is also interesting to note that many people tend to associate more computer screens equates to more powerful and effective trading.

So what if you can see so many charts? Do you have sufficient response time and effort to key in such trades? Likewise usually market is forward-looking, trying to catch that quick trade may result in accidentally losses due to market swings.

Thus with such common impression, those selling trading courses will insert such photos for marketing purposes. This blog does not sell trading courses and I am happy to take any questions, or if you are keen to open a trading account with me. And I would like to reiterate again.

Many many monitor screens are good to have, but it is not a must-have. And for me, I only have 2 computer screens.

Expert trader

He/she who watches the chart only for analysis and only during pre-trade and closes the chart post-trade is the expert. The expert watches only till he makes a trading decision. It is irrelevant whether the decision can be right or wrong, but the maturity to digest the loss is important. If a trader follows a risk-reward ratio of 1:3, he will be profitable even with a 30 % success rate. But it is essential to follow a system for achieving that kind of success.

It is a surprising fact, contrary to many biased views, housewives or working ladies are usually better traders than guys. (That explains the picture above.) It is a combination of rationality and probability that makes up the major part of their trading strategy.

Case in point, my most successful client trades only 5 types of company shares; DBS, Singtel, Venture, SGX and SIA.

Yep, 5 companies only.

She buys, holds and sell at times depending on the market flow. It is very interesting as well as exciting to see her work. I enjoy exchanging trading ideas with her.

Snippets of conversations sharing her views:

"SIA is now back to 2013 low, so let's queue to see if we can get some from sellers at 9.65"

"DBS has been coming down. I have some shares bought at S$29, but let's sell some first at S$27 and see if we can buy back cheaper a few days later."

"Hmm... Venture has dividends and the buyers are rather aggressive, let's hold it past XD and see how's the response."

In conclusion regardless of which types of trader you are, we ALL can be expert traders. We just have to improve and change consistently according to the market. Understanding ourselves is one important key factor to being a successful trader.

Some of the trading courses out there teach swing trading, day trading, with some certain "X-factor" and whatnots. If you really have no idea how the market works, I think such courses will help you to gain some insights. BUT you have to remember this;

If these trading gurus are really that profitable, they should not be teaching courses but trading more frequently in the market.

For my followers who have been following this blog, I would like to state that this blog does not sell trading courses. I am happy to share always, and that is the purpose of this blog: To share, network and exchange ideas with everyone.

Any comments please leave it on the page below, or on our Facebook page


*All images belong to respective owners

25 August 2018

Adding on to Singapore Medical Group (S$0.46)

Singapore Medical Group (SMG SP) - S$0.46

We re-interate our buy call for SMG below

We had previously stated that we will adopt a dollar cost averaging for this, as we believe in the long term fundamentals of the group, but acknowledge that sentiments and trading momentum has not been in the group's favour then.

Yesterday (24 Aug), SMG saw a sudden spike in volume along with share price increase, which we are not sure why. But we still like the stock for its compelling valuations, at S$0.46, the stock is trading at 15-16x FY19PE which is still at a discount to the historical medical sector range of 18-28x, and remains one of the cheapest among its healthcare peers- with earnings likely to continue to grow given management's growth mindset.

We will recommend to add another time on the dollar cost strategy we mention with a medium to long term investment horizon.

23 August 2018

Trading Strategies and Ways

Forex traders use a variety of strategies and techniques to determine the best entry and exit points—and timing—to buy and sell currencies. Market analysts and traders are constantly innovating and improving upon strategies to devise new analytical methods for understanding currency market movements. What follow are some of the more basic categories and major types of strategies developed that traders often employ.


In fundamental analysis, traders will look at the fundamental indicators of an economy to try to understand whether a currency is undervalued or overvalued, and how its value is likely to move relative to another currency. Fundamental analysis can be highly complex, involving the many elements of a country’s economic data that can indicate future trade and investment trends.
A good place for traders to start, however, is in analysing currency inflows and outflows of an economy, which are often published by the nation’s central bank. Additionally, they may rely on news and data releases from a country to get a notion of future currency trends.1)


Technical analysis is another main category of currency trading strategies that is highly favoured among traders. Most often it involves reviewing the past and recent behaviour of currency price trends on charts to determine where they may move going forward. The rationale behind using technical analysis is that many traders believe that market movements are ultimately determined by supply, demand and mass market psychology, which establishes limits and ranges for currency prices to move upward and downward.
Technical analysis encompasses a long list of individual methods used to detect likely currency trends. Many traders appreciate technical analysis because they feel it gives them an objective, visual and scientific basis for determining when to buy and sell currencies.2)


Trend trading is one of the most popular and common forex trading strategies. It involves identifying an upward or downward trend in a currency price movement and choosing trade entry and exit points based on the positioning of the currency’s price within the trend and the trend’s relative strength.
Traders will often cite the phrase, “The trend is your friend,” as a reminder that recent trends can be reliable indicators of where prices are likely to go moving forward and where to best set up trade entry and exit points. Trend traders use a variety of tools to evaluate trends, such as moving averages, relative strength indicators, volume measurements, directional indices and stochastics.3)


Range trading is a simple and popular strategy based on the idea that prices can often hold within a steady and predictable range for a given period of time. That’s particularly evident in markets involving stable and predictable economies, and currencies that aren’t often subject to surprise news events.
Range traders rely on being able to frequently buy and sell at predictable highs and lows of resistance and support, sometimes repeatedly over one or more trading sessions. Range traders may use some of the same tools as trend traders to identify opportune trade entry and exit levels, including the relative strength index, the commodity channel index and stochastics.4)


Momentum trading and momentum indicators are based on the notion that strong price movements in a particular direction are a likely indication that a price trend will continue in that direction. Similarly, weakening movements indicate that a trend has lost strength and could be headed for a reversal. Momentum strategies may take into consideration both price and volume, and often use analysis of graphic aides like oscillators and candlestick charts.5)


Swing trading is customarily a medium-term trading strategy that is often used over a period from one day to a week. Swing traders will look to set up trades on “swings” to highs and lows over a longer period of time. This is to filter out some of the “noise,” or erratic price movements, seen in intraday trading. It’s also to avoid setting narrowly placed stop losses that could force them to be “stopped-out” of a trade during a very short-term market movement.6)


A breakout strategy is a method where traders will try to identify a trade entry point at a breakout from a previously defined trading range. If the price breaks higher from a previously defined level of resistance on a chart, the trader may buy with the expectation that the currency will continue to move higher. Similarly, if the price breaks a level of support within a range, the trader may sell with an aim to buy the currency once again at a more favourable price.7)


Retracement strategies are based on the idea that prices never move in perfectly straight lines between highs and lows, and usually make some sort of a pause and change of their direction in the middle of their larger paths between firm support and resistance levels.
With this in mind, retracement traders will wait for a price to pull back, or “retrace,” a portion of its movement as a sign of confirmation of a trend before buying or selling to take advantage of a longer and more probable price movement in a particular direction. Traders will often pick a particular percentage movement as a sign of confirmation (such as 50%), or rely on Fibonacciratios (of 23.6%, 38.2% or 61.8%) to help identify optimal points for entering and exiting trades.8)


As the name implies, reversal trading is when traders seek to anticipate a reversal in a price trend with the aim to guarantee entrance into a trade ahead of the market. This strategy is considered more difficult and risky. True reversals can be difficult to spot, but they’re also more rewarding if they are correctly predicted.
Traders use a variety of tools to spot reversals, such as momentum and volume indicators or visual cues on charts such as triple tops and bottoms, and head-and-shoulders patterns.9)


Position trading is a long-term strategy that may play out over periods of weeks, months or even years. Position traders often base their strategies on long-term macroeconomic trends of different economies. They also typically operate with low levels of leverage and smaller trade sizes with the expectation of possibly profiting on large price movements over a long period of time.
These traders are more likely to rely on fundamental analysis together with technical indicators to choose their entry and exit levels. This type of trading may require greater levels of patience and stamina from traders, and may not be desirable for those seeking to turn a fast profit in a day-trading situation.10)


Carry trade is a unique category of forex trading that seeks to augment gains by taking advantage of interest rate differentials between the countries of currencies being traded.
Typically, currencies bought and held overnight will pay the trader the interbank interest rate of the country of which the currency was purchased. Carry traders may seek out a currency of a country with a low interest rate in order to buy a currency of a country paying a high interest rate, thus profiting from the difference.
Traders may use a strategy of trend trading together with carry trade to assure that the differences in currency prices and interest earned complement one another and do not offset one another.11)


Pivot point trading seeks to determine resistance and support levels based on an average of the previous trading session’s high, low and closing prices. This average is considered to help predict the next likely highs and lows, and intraday market reversals.
Because these averages are widely used in the market, they are considered a healthy gauge for how long a short-term trend may continue, and whether a particular range has been surpassed and a new price trend breakout is occurring.12)


Traders have a wide variety of strategies at their disposal to try to interpret price movements and take advantageous trading positions. Some traders may use a particular approach almost exclusively, while others may employ a variety or hybrid versions of the strategies described above.
While none is guaranteed to work all of the time, traders may find it useful to familiarise themselves with a number of strategies to build an arsenal of available tools for adapting to changing market conditions.

Taken from: https://www.fxcm.com/insights/different-types-forex-trading-strategies/