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Unlike the Federal Reserve or ECB, the MAS meets on a semi-annual schedule (April and October). Singapore Forex gurus de-risk entirely two weeks prior to these meetings. They do not trade the rumor; they wait for the policy statement . Their secret is trading the second move.
The book includes interviews with several prominent figures in the Singaporean trading community:
Secrets Of Singapore Trading Gurus: Making Money In Stocks, Forex, Futures, and Options Unlike the Federal Reserve or ECB, the MAS
stress never risking more than a small percentage of capital on a single trade. Position Sizing : Adjusting trade size based on market volatility. Stop-Losses
If you want to fast-track your trading journey, let me know: Their secret is trading the second move
Many top traders strict adhere to a rule where they never risk more than 1% to 2% of their total trading account balance on a single position. If a trader possesses a SGD 100,000 account, their maximum risk per trade is strictly capped at SGD 1,000. This methodology ensures that even a brutal streak of ten consecutive losses wipes out only a fraction of their capital, leaving them with ample resources to recover. Asymmetrical Risk-to-Reward Ratios
While retail traders often misuse high leverage, top traders use it as a tool, keeping their total exposure manageable. Stop-Losses If you want to fast-track your trading
: Successful traders update their knowledge daily and adapt to changing market conditions through seminars and premium research. Key Strategies & Methodologies
To prevent fear and greed from sabotaging their executions, professionals focus entirely on executing their process perfectly. They measure success by how well they followed their trading plan, not by the dollar amount made on a single day.
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