In our Stars of the Accelerator series, we explore the transformation journey of the participants in the Leadapreneur Accelerator.
Khay Khoon (KK) Hong
The forex market is a fickle raging ocean. To haul in big profits, FX traders have to take big risks in the trading market's volatile environment. Losses are part of their daily lives.
Seeing the emotional toll that profit loss has on his colleagues and himself, FX Trader KK decided it was time for a lifeboat. He set out to devise an ambitious strategy that would:
-Improve traders’ mental health
-Generate profits for the company
Currently traders use a variety of tools to help them decide how to buy and sell. The most common ones are news reports, historical price data and financial data from Bloomberg services. KK observed that there is one crucial factor missing from the equation: timing. His innovative strategy involves analysing trends and determining at what time of the day to buy and sell.
KK was able to identify a pattern in the prices, for example during which time frame prices go up and at what specific time there is always a downward move. He built a systematic data-driven trading strategy and implemented it across multiple currencies.
After testing it out and some initial losses, KK recalibrated the strategy with a few tweaks in the parameters. He made changes to the timing, modified currency pairs and more.
This strategy is set to generate an astounding USD 500k in profits within a year!
The biggest challenge was the losses incurred at the early stages. They filled KK with self doubt on the validity of the strategy. Nevertheless, he pushed through with determination and perseverance. He is continually reviewing and improving the strategy to find the optimal timing. The strategy quickly became increasingly profitable and it's only the beginning.
The Accelerator environment encouraged KK to believe in himself and his ability to bring positive change. He used to navigate the existing system without giving much thought on how he can be an influencer. Now, feels empowered to be part of the underlying current that disrupts the system.
Congratulations KK in becoming a Star of the Accelerator!