Author: The Independent Abecedarian Blog

Six Insider Traits You Did Not Know About Forex Traders

Many people have a concept of what Forex Traders are, either from their own research or the click-bait titled articles online. But what are the ingredients that they are consisted of? As an ex-Forex day trader, and meetings with many Forex traders, including the successful ones and the ones who have traded for more than a decade, I have came with a list of six traits they all have that made them a Forex trader. From being as weird as Jimmy Neutron’s oversized head, to reckless savages. 1. They are reckless people We all have this one friend who...

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[Motivation] Paying your dues

Pay the price now or pay the price later, either way you have to pay.•••Starting a business is risky. Financial market is risky. Day trading is risky. But you know what? Life itself is risky. There is no guarantee that today is not your last. There is no guarantee that your degree will help you land your dream job. There is no guarantee that by listening in class you will get an A. There is no guarantee that you will not be fired when economy depresses. There is no guarantee that the company you work for will not go...

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TheIA is back after 10 month hiatus + Reveal of himself

Hello everyone! It has been a long hiatus and don’t worry, I’m still alive and kicking. A lot of things have changed (look who’s taken over as the President of America…) and I have even completed two semesters of university since my ORD last year. The reason of the lack of updates is mainly due to my really hectic (by really hectic, I mean REALLYYY HECTIC). On top of me making best effort to cope with school work, I also accomplished few things I’ve kick-start.  Firstly, it is the new Instagram account I created with an identity of a 24 year old inspiring to...

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End Jul 2016: ‘Where the Global Market is heading?’ | From a 22 years old FX TA Trader

How have you guys been! Been like 6 months? Time has past by so quick that I’m now left with less than two weeks to serve my conscription NS. It has been an unregrettable and absurdly packed journey where I learned a lot into making decisions in tense scenarios and in effective working with all kinds of people (yes including the odd ones.. I know you know what I’m talking about). But instead of sharing what I’ve learned in NS that helped me in trading blahblahblah(which could really be 2016’s Best Selling bedtime storybook), I will be addressing something more important and exciting. Something that had excited...

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Red Monkey putting World Markets into Red

With red Monkey coming in and putting the markets into red yesterday, most indices have dropped 2-6% in one night. We can expect Hong Kong and Singapore Market to follow suit at around this range when they open up tomorrow. How about our NYSE:MCD that I have been so confident about? Bad news: It has breached our trend low (or also known as our trend support) Good news: It rose 2 points yesterday Unfortunately in my view based on my trading rules, McDonald’s Corporation stock has met its reversal in the weekly chart. Reasons being number 1, it has broken the up-trend line support in...

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[Review Update] McDonald’s Corporation – +7.5% in two weeks

In my previous analysis done two weeks ago, I’ve indicated that McDonald’s Corp (NYSE:MCD) will be a good buy for mid to long term. From $115.18 per share on 16th Jan, yesterday it has closed at $123.78 per share. A 7.5% push northwards in two weeks. For comparison of how well McDonald’s did in the last two weeks, the best performing being S&P500 went from 187.8 to 193.7 (+3.1%), Dow Jones Industrial Average from 15988 to 16466 (+3.0%), Hang Seng Index from 19520 to 19683 (+0.8%), while STI Index remains stagnant at $2630 level. However I am totally bewildered at how little local page views...

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[Review Update] McDonald’s Corporation – +7.5% in two weeks

In my previous analysis done two weeks ago, I’ve indicated that McDonald’s Corp (NYSE:MCD) will be a good buy for mid to long term. From $115.18 per share on 16th Jan, yesterday it has closed at $123.78 per share. A 7.5% push northwards in two weeks. For comparison of how well McDonald’s did in the last two weeks, the best performing being S&P500 went from 187.8 to 193.7 (+3.1%), Dow Jones Industrial Average from 15988 to 16466 (+3.0%), Hang Seng Index from 19520 to 19683 (+0.8%), while STI Index remains stagnant at $2630 level. However I am totally bewildered at how little local page views...

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McDonald’s Corporation – Time to grab some Fast Food?

I’ve been following the NYSE:MCD (McDonald’s Corporation) since last year for multiple reasons I’ll be explaining in this write up. This post was actually planned to be published last week (screenshot below is taken on last Sunday) but being the usual me, I’ve forgotten to post it up. So here comes my technical analysis take on this global fast food chain. WEEKLY Chart for NYSE:MCD (Click to view full image) 1. POWERFUL BREAKOUT Firstly, what attracted me to this stock is the strength of the breakout which can be seen between Mid-2015 to Start-2016. It shows a non-hesitating vertical push breaking the strong $100 price level, which...

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New Trading Account: Standard Chartered Online Equities

My first post in 2016! Couldn’t be more proud to let you guys know that I’ve finally opened my new StanChart Online Equities account (and got it working successfully)! I’ve been waiting for more than two years to finally reach the legal age to open one woohoo For those unfamiliar with StanChart Online Equities Account, on top of my previous post that you should read on 10 Quick Facts about Standard Chartered before considering an account with them, I’ll leave you to check out Turtle Investor’s remarkable How & Why to open an Online Equities Trading Account guide-post. So here it is, the Beginning of my Trading...

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The IA’s Consolidated Portfolio

Last updated: 31 Jan 16 Instrument Name(Quote) Market Price in SGD Qty Market Value in SGD McDonald’s Corporation(NYSE:MCD) $123.78 15 $2,640 FX Account(OANDA) – – $853 Cash(StanChart Dash Easy) – – $6,647 TOTAL $10,140 You might have missed these: This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at...

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What is to come in 2016? An Insane 2016!

It has finally come down to the end of the year and it just feels like two months ago when I just wrote my resolutions for 2015.. I’ve learned so much over the past year that no words could accurately describe the maturing of my thinking and mindset. Honestly to me, these experiences are priceless and something I really appreciate. So allow me to express my gratitude to each and every one of my blogger friends, blog comments, Facebook fans, blog followers and the people who emailed me, who has been supporting The Independent Abecedarian for the past year. I am confident...

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What is to come in 2016? An Insane 2016!

It has finally come down to the end of the year and it just feels like two months ago when I just wrote my resolutions for 2015.. I’ve learned so much over the past year that no words could accurately describe the maturing of my thinking and mindset. Honestly to me, these experiences are priceless and something I really appreciate. So allow me to express my gratitude to each and every one of my blogger friends, blog comments, Facebook fans, blog followers and the people who emailed me, who has been supporting The Independent Abecedarian for the past year. I am confident...

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[Thoughts] Who knows what’s next?

Look at the Finance Section of any newspaper or news website for the past 10 months and you can see the recent global news about national conflicts, massive frauds, money laundering, Black Monday, insider trading, stock manipulation, riots, rates hikes, commodities prices slide, one after another like dominoes. Although there isn’t much blood in the streets yet (with China’s market crash being the most devastating thus far), my gut instinct is telling me that there are lots sharks waiting to pounce on any opportunity that is to come. Not just any sharks, but big smart sharks which do not eat just anything. They aim...

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[Q&A] A 21 year old’s take on his journey to purchasing his First Insurance Policy

Yes you figured it right, that 21 years old guy is me. Hahaha! Just two weeks ago, I’ve been confronted by YS Tan from Cleary Surely (or his nickname The Monster Mind) if I’d like to complete an interview Q&A along the subject of Insurance, and I felt that my views and thoughts might be unique and useful for some, coming from an early 20s guy. So I accepted. In less than 24 hours, he replied back with customized questions for me that are so peculiar that for a moment I almost believed he really has a monster mind. Thus I thought why not post the whole...

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October Focus: Pound Sterling against Australian Dollar?

With current crazy media coverage and emotion-based fundamental news regarding USD and CNY going crazy, it is obvious where short-term/day traders will head on to speculate in search for quick riches. And by just doing the opposite, searching for trending instead of liquid currencies, you’ll be in-the-money pretty effortlessly for some pretty while. As an update to my previous technical analysis on August of the hot currencies (AUD, CNY & XAU), I present this mid-long term possible trade to carry for the next couple of months. GBPAUD, WEEKLY CHART   You might be wondering why I trade exotics despite the lower liquidity and high spread. The truth be told,...

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