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Friday, March 29, 2024

Fullerton Markets holds final leg of ASEAN tour in PH

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After successful editions in Thailand, Vietnam, and Malaysia, Fullerton Markets headed to Manila for the final leg of its Fullerton ASEAN Tour. 

Fullerton Markets holds final leg of ASEAN tour in PH
From left: Fullerton Markets head of research and education Wayne Ko, CEO Mario Singh and chief strategist Jimmy Zhu

On November 9, the Philippine debut of the ASEAN Tour took place at Edsa Shangri-La, Manila. Traders, aspiring entrepreneurs and established business owners attended the event, with some participants flying in from their respective provinces to catch the much-awaited trading and investment summit.

Fullerton Markets’ CEO Mario Singh is a recognized figure in the forex industry, having appeared multiple times on international media such as CNBC and Bloomberg. 

Wayne Ko, the head of research and education, is a forex coach and mentor who has provided world-class education and training to traders around the globe. Chief strategist Jimmy Zhu’s expertise includes forex, stocks, and bonds. He regularly appears on international news channels including CGTN and CNA to give his market analysis. 

Wayne started the event by sharing with the audience how to earn from simply copying trades on Fullerton Markets’ platform called CopyPip. When asked by the media whether it’s better for amateur traders to just copy or study the basics of Forex, Wayne said: “I highlighted three pitfalls of copy trading to tell people that in copy trading, it’s important to know who to copy from. You’d need basic knowledge to identify a good, trusted strategy provider to follow. Learning how to have profitable trades on your own is good. But it takes passion to understand the market.” 

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Jimmy gave insights into what the Philippines can expect in 2020. He shared his optimism of the country’s economy making a recovery—this is provided that the United States and China can come up with a good deal. He added, “I think the country’s stocks are pretty attractive. In the next few days, the dollar may weaken and a weak dollar is a good asset for emerging markets. Also, a weak dollar is good for countries with foreign debts like Malaysia and the Philippines. If the dollar continues to weaken, the extra debt burden will decrease for these countries, and I think this will continue for the next six months in the Philippines.”

Mario discussed ways to identify a major crash even before it hits and how one can best profit during a downturn. The CEO of the award-winning brokerage firm ended the press conference with a positive note for everyone: “My global icons are Jeff Bezos of Amazon and Ray Dalio who runs the largest hedge fund called Bridgewater. In the Philippines, it would be the Gokongwei family. But beyond that, you should never be too narrow-minded to just focus on business icons. In the Philippines, you have a world-class boxer, Manny Pacquiao and the two lovely Miss Universe, Pia and Catriona. We can draw inspiration from everyone. And for me, I draw inspiration from my kids.”

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