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Terence Tan, CMT

Loves salsa, trading & programming. Born tinkerer, always looking for ideas!

Terence Tan, CMT

Head of Education at IG Asia

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Loves salsa, trading & programming. Born tinkerer, always looking for ideas!

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Terence Tan, CMT

Head of Education at IG Asia

  • Answers (10)
  • Questions (0)
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Investments

Trading

Will trading or investing earn more in the long run?
Terence Tan, CMT
Terence Tan, CMT, Head of Education at IG Asia
Level 3. Wonderkid
Answered on 07 Jan 2020
As much as I want to just say "trading", I'd say explore both trading and investing. Both have similar skillsets needed to be successful, and yet have key differences too. It doesn't mean that one would go for investing if he has less time, as there are ways to trade and make money using very little time (e.g. analyse market trends and place working orders one in a while), and ways to invest using a lot of effort (e.g. reading through lots of financial reports etc). After a while of doing that, you will naturally tend toward one of the discipline, which is really determined by your own personality (we call it your very own Trading/Investment Persona), the amount of profits that you make from which discipline will also help you to naturally tend towards that.
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Trading

Investments

Any stock trading class to recommend?
Terence Tan, CMT
Terence Tan, CMT, Head of Education at IG Asia
Level 3. Wonderkid
Answered on 07 Jan 2020
Can i recommend you a book instead? https://www.amazon.com/How-Day-Trade-Living-Management/dp/1535585951 Very affordable, and gives a good overview of what a beginner needs to know. It's more skewed towards trading, however the skills that you pick up can also help in long-term investing.
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Trading

Investments

Stocks Discussion

Should a beginner be trading shares?
Terence Tan, CMT
Terence Tan, CMT, Head of Education at IG Asia
Level 3. Wonderkid
Answered on 07 Jan 2020
Find what your interest is in, don't trade shares because you hear of your friends also trading shares. I'd even ask that you look at the attempting to trade the price of spot gold (symbol is XAUUSD) which usually has a very clear trending move or ranging move. If you really want to go the shares route, try trading the indices instead, which is basically like a "basket" of stocks". Try the popular indices such as S&P 500 or Dow Jones 30 first, then venture further. If you really want to learn more, a good book that can guide a beginner to trading is this: https://www.amazon.com/How-Day-Trade-Living-Management/dp/1535585951 This usually ranks within the top #1 or 2 books on amazon consistantly.
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Coffee Meets Investing

Investments

I am trying to open an online trading account. What is the difference between self-directed online cash trading account and broker-assisted online cash trading account?
Terence Tan, CMT
Terence Tan, CMT, Head of Education at IG Asia
Level 3. Wonderkid
Updated on 11 Sep 2019
Self-directed means trade executions are done online, either through a desktop/web-based platform or a mobile app. Broker-assisted refers to the more traditional way of calling your broker/remisier to place the order/trade for you (and naturally attracts higher commission since the middle-man needs to be paid too). It is pretty common these days to see more self-directed trading, however in cases of emergency, you can usually still call their hotline for assistance at no extra charges for most.
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Trading

Investments

Is algo trading good? I read about how it is responsible for some of the flash crashes in the markets recently. ?
Terence Tan, CMT
Terence Tan, CMT, Head of Education at IG Asia
Level 3. Wonderkid
Answered on 19 Jul 2019
First, what is the definition of "good"? If you mean to ask whether it is ethically good, it runs in the same vein as "Is AI good?" If it means amplifying developing trends, then yes it's good. Now to address the flash crash, I wouldn't say it is "responsible" for the flash crashes in the sense that it doesn't exactly starts one (the "trigger"). Thus the trigger is usually something else, be it a comment made by a political figure, an economic data release, etc. Once triggered or ignited, a new trend is now set in place. What the algos does is that it recognizes that either instantly or after some other confirmation from other readings/indicators/signals etc, and pile in on the new trend, causing the new trend to accelerate. Once this acceleration reaches critical mass, it gains enough velocity to what the general public deems as a "flash crash". Now, there are also other algorithms that reads into whether the market is shifting too much away from its expected value (mean reversion algos for example). When the move is deemed too much, these algos kicks in to trade the reverse direction, hence slowing down the flash crash, and then causing a sharp recovery move back to the perceived expected value. So you can also say that algos "saved the day" after a flash crash. So there is no good or bad to algos really, they just created new ways for markets to move, that's all. We just need to recognize that, and suit our trading styles to take into account these new phenomena.
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Career

Am I able to work full-time in a bank (Compliance department) and do part-time insurance at the same time? A recruiter told me that it's possible but I still find it puzzling. Any advice would be appreciated. Thanks!
Terence Tan, CMT
Terence Tan, CMT, Head of Education at IG Asia
Level 3. Wonderkid
Updated on 19 Jul 2019
Definitely can't, as a full-time contract will state that you cannot be working for someone else. If you do, you need to declare to your full-time company (will you even want to do that?) And after the declaration, what do you think will be the response of your boss? (will he allow you to part-time somewhere else?) And if the answer from him is "no", have you practically ruin your chance to stay in the bank for long (will your boss start looking for a replacement and fire you once he gets one)? Lastly, you will need to be licenced to represent the insurance company, and the licence requirement is that you only represent one principal (the insurance company in this case). So, you now work full-time at the bank, while you fully represents the insurance company. So yes, your finding it puzzling is correct, the recruiter is just trying all means to get you in for strange reasons.
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Singapore Saving Bonds (SSB)

Savings

Investments

Hi! Iā€™m a university student working part time, and I have about $5k I have access to. I consider these my emergency funds, but is it advisable to keep these in SSB rather than a regular bank account?
Terence Tan, CMT
Terence Tan, CMT, Head of Education at IG Asia
Level 3. Wonderkid
Answered on 19 Jul 2019
Do 50/50 SSB and a savings account somewhere. The started SSB will grow into something more which you can allocate to other investment pots in years to come, and the savings acc will be there for the really rainy days (and if really need to cash out the other SSB half, i'm sure the savings acc half can buy some time :)
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Stocks Discussion

Trading

Bull Market

Market Correction

Bear market

I'm interested in trading in evening after work. Have read to understand the fundamentals but feel I have no working knowledge. Would you recommend learning to trade using a virtual account, and how?
Terence Tan, CMT
Terence Tan, CMT, Head of Education at IG Asia
Level 3. Wonderkid
Updated on 19 Jul 2019
Totally agreed with the previous answer by Billy. A virtual or demo account is simply for you to test out new products or hypothesis of trading strategies/systems (of which you can also simply just run simulations in some environments instead). Nothing beats trading real money, thus do yourself a favour, open and fund a small real account somewhere, and trade it. See and learn about your own trading psychology, learn about risk management in addition to the usual more interesting trading strategies, and you will find consistent profits coming for you earlier than your friends who have gone the virtual account route.
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Securities

Trading

Investments

Stocks Discussion

Any active traders out there? Just curious as to what setup you guys use- desktop with 2 monitors? Any specs or models to recommend and what do you usually open and track on each one?
Terence Tan, CMT
Terence Tan, CMT, Head of Education at IG Asia
Level 3. Wonderkid
Answered on 18 Jul 2019
Indeed, desktop with two monitors here, using two Samsung 27" non-curved. A good price reference is http://www.fuwell.com.sg/ (download the price list). Strange enough that they only have the curved ones now at the bottom end for Samsung. And get loads of RAM (2x 16GB), Samsung 1TB SSD, and if you need more space to store historical data for crunching algo models, another non-SSD harddisk (hunt for HGST ones if you can, though seems like they are getting rarer).
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P2P Lending

Investments

SeedlyTV S1E07

Will there be a case like hyflux or dbs minibonds in P2P lending?
Terence Tan, CMT
Terence Tan, CMT, Head of Education at IG Asia
Level 3. Wonderkid
Answered on 18 Jul 2019
There will always be risks involved, and higher so for P2P lending. Always go in with your eyes open, diversify instead of putting your eggs into just a few baskets, and expect some negative surprises in a small percentage of the P2P deals.
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Level 3. Wonderkid
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