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How Does Trading Work? | FXTM Academy (nationthailand.com)

How Does Trading Work? | FXTM Academy

Dec 18. 2020

 Online trading is a trendy occupation in Thailand. You can work from home, or anywhere you want. You are your own boss: only you decide when and how to work, and what targets to set. Trading in the largest financial market sounds fancy, but it is more accessible than one may think.

The Core Principles

Traders use software to connect to the markets. The biggest one is foreign exchange. Unlike the stock exchange, it has no physical centre — all operations take place online. The daily turnover is a whopping 6+ trillion US dollars.

In the past, only large institutions like banks and hedge funds were allowed to participate in Forex trading. Today, we are blessed with state-of-the-art technology. Trading is possible for any individual with internet access and a brokerage account.

The main principles of currency trading apply to other realms — e.g., stocks or derivatives. A trader’s goal is to buy low and sell high, and their profit is the difference between these two prices. In Forex, one may benefit from rises and falls.

How Forex Works

All currencies are traded in pairs, as they are valued against one another. Travellers need to exchange currencies all the time. Traders, however, do not need to visit an exchange office — they work using the software.

A currency combo may be classified as Major, Minor, or Exotic based on the economies it represents. Both Majors (e.g., EUR/USD) and Minors (e.g., AUD/CAD) are connected to robust world economies. Exotics, on the other hand, are linked to emerging and less stable systems (e.g., USD/ZAR).

If a currency (e.g., the Euro) is expected to grow, you can buy euros today and sell them after the price surges. If you have euros, and their value is likely to decline, you can sell what you have. Later, you can buy more euros back once they become cheaper. Traders buy instruments which they think will gain value, and short the ones they expect to fall.

Forecasting Trends

Traders buy and sell their instruments when they see fit.  How do they know when the best moment comes? There are two ways to approach forex analysis: technical and fundamental.

The first method is built around price charts with different timeframes. Traders look at price movements in the past to see patterns which can recur. For example, if they see a hammer on the candlestick chart, they conclude that the market is going to rise. Platforms from ForexTime have dozens of indicators and timeframes.

Fundamentals are factors like fiscal policies, changes in interest rates, geopolitical tensions, or oil prices. Traders monitor financial news to make predictions. For instance, when the central bank raises the interest rate, more foreign capital flows into the country, and its currency becomes more expensive. 

All this may seem daunting if you have little knowledge of finance. Fortunately, trading software is packed with tools for technical and fundamental methods. There are live quotes, news updates, economic calendars, and a plethora of charts and indicators.

How to Learn

Would you like to master the art of trading? First, choose a regulated broker with licences from reputable organizations like the FCA or the CySEC. Next, open a demo account — it is free and quick. This account unlocks the training mode of trading terminals (e.g., MetaTrader 4 or MetaTrader5). Practise at your own pace: explore the analysis features, trading instruments and risk management tools.

The same platform may give access to different markets, depending on your account; you may trade currencies, stocks, and CFDs through the same system. Different markets and styles require a different investment of time and money. Forex is a full-time job for day traders, while swing traders feel comfortable making a few moves throughout the week.

Other Opportunities

Stocks allow you to profit from the performance of the largest corporations, like Apple or Facebook. Unlike investors, traders do not hold on to their instruments for long periods — instead, they buy and sell frequently to capitalize on price changes.

Popular derivatives are CFDs (Contracts for Difference). CFDs are linked to underlying assets which their holders do not own. One may easily speculate on prices for crude oil, natural gas, stocks, indices, and even cryptocurrencies. No physical barrels of oil or crypto coins change hands.

Word of Caution

Education is free, so anyone can learn to trade. However, not every trader succeeds. Consistent profit requires a solid strategy, emotional control, and rigorous risk management. The market, be it Forex or stock exchange, is beyond any individual’s control. That is why demo accounts are essential. Fortunately, there are many effective techniques you can implement.

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AIA launches global investment innovation for high net worth customers (nationthailand.com)

AIA launches global investment innovation for high net worth customers

Dec 18. 2020

By The Nation

AIA Thailand has launched AIA Infinite Wealth Prestige, targeting high net worth customers with a unique innovation of life insurance and investment under global management experts.

The market’s leading wealth manager for high net worth individuals, AIA says the new service allows customers to access global investment for better returns towards family legacy and retirement plans, and enjoy privileges from AIA Prestige Club.  

“AIA is the first insurance company in Thailand offering unit linked products to the market since 2009. Over 11 years, unit linked has seen increasing interest from Thais,” said AIAI Thailand’s chief agency officer, Kris Chantanotoke.

AIA Infinite Wealth Prestige offers customers access to global investment under AIA Investment Management (Thailand) together with three global fund managers: Baillie Gifford, BlackRock and Wellington Management. 

It offers two plans – family legacy or retirement.

Its three funds are AIA Global Aggressive Allocation Fund (high risk), AIA Global Moderate Allocation Fund (medium risk) and AIA Global Conventional Allocation Fund (low risk). 

Life coverage starts from Bt15 million, with premium payment selections of 5, 10, 15 and 20 years. Discounts of 20 and 30 per cent are offered to applicants who meet acceptable health standards and preferred health, respectively. 

The insured will receive a retirement bonus of 0.25 per cent per year of the Regular Protection Premium account value. 

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“DOW” partners with Japanese expert “Toyokoh” to launch the first eco-friendly sprayed insulation for roof in Thailand (nationthailand.com)

“DOW” partners with Japanese expert “Toyokoh” to launch the first eco-friendly sprayed insulation for roof in Thailand

Dec 17. 2020

Bangkok – 14 December 2020 – Dow Thailand Group (Dow), a global leader in materials science, partners with Japanese roofing expert company, “Toyokoh”, to launch “Sosei”, an innovative environmental-friendly roof insulation system that is designed to withstand the humid climate in Thailand and ASEAN region. The product is catered towards factories, hospitals, and schools that aim to preserve energy in their buildings without harming the environment.

The innovative “Sosei” roof is a three-layer sprayed insulation form created from Dow’s VORACOR™ Polyurethane foam and Dow’s HYPERLAST™ elastomer, followed by a coating from Nippon Paint. They are directly sprayed on the roof tiles to create a seamless insulation which can effectively protect from the heat, save energy used to cool buildings, and prevent water leakage from the roof. It also lowers unwanted noise and strengthens the roof, thanks to Japan’s experience of facing violent storms frequently. Another unique advantage is that it can be sprayed from the outside without affecting indoor activities. Therefore, the solution is very suitable for roof maintenance of buildings with continuous activities such as factories, hospitals, and warehouses. Unlike other foaming methods, it does not cause Ozone depletion.

Three layers of insulation are sprayed on top of the roof tiles. 

Japanese workers are spraying Toyokoh’s environmental-friendly roof insulation.

“Dow places high importance on the environment, and one of our sustainability goals is to protect the climate. We strive to develop innovations in response to the demands of green buildings that save energy and prevent heat by designing a durable material to fit Thailand’s climate with the least Greenhouse gases emission during construction. The innovation also saves transportation resources and can be installed quickly and seamlessly in a spraying format. We are solving building’s heat and global warming at the same time,” said Mr. Chatchai Luanpolcharoenchai, President of Dow Thailand.

In Thailand and South East Asia, the commonly-used blowing agents for Polyurethane foam are Hydrochlorofluorocarbons–HCFC and Hydrofluorocarbon –HFC, known to cause global warming by damaging the ozone in the atmosphere. The innovative “Sosei” roof insulation is different as it utilizes “Hydrofluoro-Olefin” or HFO to create the foam structure in an environmentally-safe way. The HFO has an Ozone Depleting Potential of zero and a Global Warming Potential of less than 1, which is 99% less than using the typical HCFC or HFC as blowing agents.

“The “Sosei” roof insulation, which uses Dow’s cutting-edge technology, is eco-friendly and very effective in protecting against heat. Comparing to a normal roof, the temperature under the Sosei roof is approximately 10 degrees Celsius lower. Designed to withstand the humidity climate and being shock-proof and water-proof, it can also lower the impact of natural disasters towards the roof structure, including damages caused by storms and earthquakes, with a 10-year water-proof guarantee. We are proud that Toyokoh is Dow’s first authorized partner to implement this innovation in South East Asia, and we are ready to provide services in Thailand,” said Mr. Kazuaki Toyosawa of Toyokoh. 

More information about the Sosei eco-friendly insulation roofing system could be found at www.toyokoh.co.th

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MEA returns over Bt6 billion of electricity deposits (nationthailand.com)

MEA returns over Bt6 billion of electricity deposits

Dec 17. 2020

By THE NATION

More than Bt6 billion of electricity deposits have been returned to over 2 million users in Bangkok, Nonthaburi and Samut Prakan by the Metropolitan Electricity Authority (MEA).

The MEA announced on Wednesday that as of December 8, Bt6.067 billion had been transferred to more than 226,700 electricity users in metropolitan areas who have registered to receive their deposits back.

The campaign, which has been running since March 25, is part of the MEA’s effort to follow government policy in alleviating people’s financial burden in this Covid-19 situation.

“Users can track the progress of their deposit returns on the website https://measy.mea.or.th by inputting your ID card number and your 10-digit registration code,” it said. “Those who still have not received their deposit can please contact MEA call centre 1130.

For further information, you can also visit the Facebook page @Metropolitan.Electricity.Authority, or Twitter @MEA_news, or Line: MEA Connect.”

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Krungsri launches Social Enterprise Market in Bangkok (nationthailand.com)

Krungsri launches Social Enterprise Market in Bangkok

Dec 16. 2020

By THE NATION

Bank of Ayudhya (Krungsri) and SE Thailand joined hands on Wednesday to launch the Social Enterprise Market @Krungsri. The fair is aimed at creating opportunities for social enterprises hit by the Covid-19 crisis. On show are quality products for a better environment and society offered by leading social enterprises, including DoiTung, Doi Kham, Green Net, and The SUPPORT Arts and Crafts International Centre of Thailand. The fair also features fun activities ahead of the festive season.The Social Enterprise Market @Krungsri is at the plaza in front of the Krungsri head office on Rama III Road until this Friday.Pictured opening the event are Pairote Cheunkrut, second left, Krungsri’s chief strategy officer, and Kesara Manchusree, third left, director of the Board of Association of SE Thailand.

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Indorama Ventures pilots blockchain transaction with partner in Australia (nationthailand.com)

Indorama Ventures pilots blockchain transaction with partner in Australia

Dec 16. 2020Krisda Phatcharoen, country head of commercial banking at HSBC Thailand 

By The Nation

Indorama Ventures (IVL) has through its subsidiary Indorama Holding successfully executed a blockchain-enabled letter-of-credit (LC) transaction with Techwool Trading using the Contour blockchain platform.

The blockchain transaction, completed on a single shared application called Contour, involved a shipment of scoured wool shipped by Techwool in Australia to IVL in Thailand.

HSBC acted as the issuing and advising bank for both sides.

This transaction shows that blockchain technology will help digitise trade and is commercially and operationally viable. Trade transactions via blockchain technology allow all parties to review documents in real-time, which reduces cost, risk and lead times.

Krisda Phatcharoen, country head of commercial banking at HSBC Thailand, said the bank believes the use of advanced technology will serve businesses well, especially in the restrictive environment brought about by the Covid-19 pandemic.

Rajesh Banka, CEO of IVL’s wool business said: “Contour-enabled trade transactions have offered an insight into how the technology has the potential to revolutionise conventional trade finance and reduce time frames and risk involved in cross-border trade. IVL will continue to pursue this technology with HSBC as a fit with our digitalisation transformation project.”

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BTS Group added to list of Sustainability Investment for second year running (nationthailand.com)

BTS Group added to list of Sustainability Investment for second year running

Dec 16. 2020

By The Nation

The BTS Group has been added to the Thailand Sustainability Investment list for a second consecutive year. Daniel Ross, centre, BTS Group’s chief investment officer, receives a plate from Pakorn Peetathawatchai, left, Stock Exchange of Thailand (SET) president, and Krisada Sektrakul, SET’s senior executive vice president.

BTS Group has also won an “excellent” score for corporate governance for the ninth consecutive year under the Corporate Governance Report of Thai Listed Companies 2020 Project by Thai Institute of Directors Association with support from SET.

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GSB brings year-end saving, loan packages to Bitec (nationthailand.com)

GSB brings year-end saving, loan packages to Bitec

Dec 15. 2020

By The Nation

The Government Savings Bank (GSB) is offering attractive loan and savings packages to visitors at the Money Expo 2020.

The expo runs from Dec 17-20 at Bitec in Bangkok’s Bang Na district.

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CP Foods promises corn bought from responsible, eco-friendly sources (nationthailand.com)

CP Foods promises corn bought from responsible, eco-friendly sources

Dec 15. 2020

By The Nation

In a bid to cut down on its carbon footprint, Charoen Pokphand Foods (CP Foods) has announced that it only buys corn from responsible and traceable growers, who have legal documents for their farms and do not encroach into forests.

Also, farmers with legal land deeds can sell their produce at a price higher than the market price at 17 points, including 15 CP Foods’ feed mills and two new purchase stations in Uthai Thani and Nakhon Ratchasima.

Woraphot Suratwisit, vice president of Bangkok Produce Merchandising which supplies raw materials to CP Foods’ feed mills, said his company has joined CP Foods in launching a responsible raw material sourcing campaign called “Farmer Self Sufficiency Maize Sustainability” project.

“The project focuses on helping small farmers by providing harvest and delivery trucks for farmers participating in the project and the provision of partial financial support to reduce their production cost and address labour shortage,” Woraphot said.

Meanwhile, CP Foods only buys from farmers who can show proper land documents, are registered with the Corn Traceability system and do not burn off farming leftovers. Suppliers have also been asked to share the movement of their trucks on GPS to further enhance the transparency of the corn supply.

The farmers who have joined this project will get a better-than-market price that is in line with the Commerce Ministry’s moisture content standards (not less than Bt8.5 per kilogram).

CP Foods implemented the Corn Traceability system in early 2016 as part of its commitment to only purchase corn grown sustainably with the goals to mitigate direct and indirect environmental impact and lift farmers’ quality of life

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“Dow” supports a community in Klong Toey District in building a waste management learning center and hopes to develop it into a zero-waste city. (nationthailand.com)

“Dow” supports a community in Klong Toey District in building a waste management learning center and hopes to develop it into a zero-waste city. 

Dec 14. 2020

“Dow” promotes “Koh Klang Community” in Klong Toey District as a model in comprehensive waste management with an emphasis on optimum utilization of resources according to the circular economy principle. A waste sorting system has been set up, areas have been improved, and channels for waste sale have been sought. The project aims to generate income and welfare for the community and will also serve as a learning center for other areas to build upon.

Today (27 November), Dow Thailand Group (Dow) held an opening ceremony of a model learning center for comprehensive waste management in Koh Klang Community in Klong Toey District, Bangkok. The community, located on a small island in the Phra Khanong Canal, is the only “island community” in Bangkok and is ready to welcome community members and interested parties who would like to learn more about waste management and further make use of the knowledge to help prevent waste from ending up in the environment.

Koh Klang Community in Klong Toey District goes back more than 100 years ago. It has a population of 270 living in 58 households. The small island, which is owned by the Crown Property Bureau, has an area of 3 rai in the middle ofthe Phra Khanong Canal. It is currently part of a pilot project for a self-managed community, where the residents lead a self-sufficient life, making their own household items to lower expenses, and are committed to conserving the environment. The comprehensive waste management project was, therefore, launched in the community to generate extra income and increase benefits for the community from selling waste. It is also expected to serve as a learning center where other communities can learn from their experience.

“Dow Thailand Group is committed to creating sustainability in combatting global warming, reducing plastic waste, and encouraging recycling to ensure optimum utilization of resources as per the circular economy framework. The company has joined forces with other organizations and communities with a similar outlook to build this pilot project. We found that Koh Klang is our headquarters’ neighboring community with the residents who want to improve their homes and neighborhood. They also have a strong community leader who places emphasis on waste management at the source and they are also prepared to pass on the knowledge to other communities. This has led to the project’s collaboration and success that we see today,” said Mr. SupojKatetohprakarn, Business Director of Dow Thailand Group.

The project is a collaboration between Dow, Klong Toey District Office, and Thailand Institute of Packaging and Recycling Management for Sustainable Environment (TIPMSE), an expert in packaging management as the project’s consultant. The community’s waste management is divided into four groups according to the types of waste found in the community, comprising 1. Organic waste management 2. Recycle material management 3. General waste management 4. Hazardous waste management. The different types of waste will either be made into sellable items or delivered to the Klong Toey District Office for proper disposal. Land improvement for the project has been carried out since January 2020.

“Dow has worked with TIPMSE to provide knowledge about comprehensive waste management to the community including organizing workshops on types of plastic, proper plastic waste sorting, and the recycling process as well as setting up a better waste sorting system, improving areas for proper waste sorting, and coordinating with organizations that could purchase the waste and make use of it. Dow is currently in talks to Klong Toey District Office to set up a system for a pick-up of clean stretchy plastic waste that has been sorted for further recycling,” added Mr. Supoj.

Dow has also worked with the community in setting up an accounting system that will ensure thorough distribution of income within the community. The income will be divided into two categories, which are income from waste sales and income from study visits by interested organizations and communities. Innovation in a form of an application called O.K. Recycle will also be used to facilitate the community’s buying prices updates and waste selling and buying data collection.

Mr. SinchaiTiansiri, Director of TIPMSE said “TIPMSE, which is an organization that has been promoting packaging for over 15 years, has seen the potential of Koh Klang Community in becoming an interesting learning center. Not only is it located on an island, but it is also an urban community, where promoting waste management is quite difficult with the limited space and urban people’s relaxed attitudes toward waste sorting. Therefore, anyone who would like to learn from a community with so many limitations but has concretely succeeded in carrying out the project can come to Koh Klang, where Dow and TIPMSE have joined forces with the local authorities in developing the area into another interesting learning center.”

Mr. PrateungwitJaidee, Deputy Director of Klong Toey District Office, said “Waste management has always been conducted in Koh Klang community including waste sorting and recycling though it might not be as comprehensive or systematic. Getting support from Dow Thailand Group is wonderful and helps build upon what the community has always been doing. The Kong Toey District Office is more than happy to support the community and the learning center’s future activities that will benefit other communities and organizations who can come for study visits. The knowledge gained from the visits will be useful in reducing waste at the source and building a zero-waste community.

According to the survey, the types of waste in Koh Klang Community comprises 31 percent organic waste, 41 percent recyclable materials, 27 percent general waste, and 1 percent hazardous waste. With all reusable and recyclable waste sorted out, the amount of waste going to the landfill could be reduced by over four tons from 18 tons in the first phase of the project or more than 20 percent. The organic waste can be used to make biogas, compost, and fermented bio-extracts. The recyclablewaste can be sold for added income. For the general waste, the 3 Rs concept will be applied through encouraging reducing and reusing as well as making crafts or other useful items.

Out of all the community’s wastes, 18 percent is plastic waste, which can be divided into 26 percent non-sellable plastic waste and up to 74 percent sellable recyclable plastic waste. The sellable waste can be a source of income and other welfare programs for the community such as a cremation fund or improvement of the community’s common areas.

For a study visit at Koh Klang Community’s Comprehensive Waste Management Learning Center, please contact KhunJurairat (Eiu) at 089-4269723