Tag Archives: FOREX

Blockchain, Crypto and NFT

These three topics, Blockchain, Crypto and NFT, you would probably not be hearing it for the first time, and you would probably not reading it for the first time on my TGH Technology and Business Portal/Blog. Prior to NFT becoming a hot topic in the most recent 1-2 years, I had already started learning about blockchain and crypto. I won’t be the first mover as you can see, I started off learning to know and understand more about those new fields of technology before entering the platform.

Photography by Ryan Cheng

The time has come for me to publish an official update that I am entering into the new technology fields – Blockchain, Crypto and NFT. This would be a short write up and sharing of the new technology platforms that I am entering into.

Blockchain

This is the first part that I learnt even though I heard about cryptocurrency before this blockchain technology. There are many articles written about blockchain, you can easily google those articles and find out more about those articles writing in depth about blockchain. I would try to summarise, describe blockchain and write it a short paragraph.

In a short summary, blockchain is a decentralised shared digital ledger that contains records known as blocks, that are used to record transactions and tracks your assets in a network. Once the information are recorded into the shared digital ledger, no one can change or tamper with that transaction.

With smart contract that can built into the blockchain, allowing it to operate under a set of conditions that can be automatically carried out when they are met, taking away trusted third party to act as an intermediary between entities. Using blockchain gives users the benefits of greater trust, greater security and more efficient.

Crypto

Crypto, or cryptocurrency, what is it all about? It is a digital or virtual currency secured by cryptography that is based on decentralised networks based on blockchain technology. There are different types of cryptocurrency available in the market, the first cryptocurrency was BitCoin that most people would know.

There are a number of advantages and disadvantages of cryptocurrency. Personally I see potential in cryptocurrency, its future growth, developments and applications. Some people might be very bullish, while some are not in favour of cryptocurrency.

NFT

NFT a.k.a. Non-Fungible Token, they are tokens that represent ownership of items that are unique such as artworks, photographs, videos, audio etc. They are secured by the Ethereum blockchain network. Non-Fungible in short, means non-interchangeable, it’s unique and you can’t replace with other things due to the nature of their unique properties.

NFT could be used in the following sectors such as Digital Art, Collectibles, Music and many more. As a photographer, the world of NFT opens up a new field for us to showcase and sell our photography works.

I would address NFT from a photographer/digital artist perspective on my TGH Photography and Travel Portal/Blog without going too much into the technical and technology aspects. This is a work in progress, I am planning to curate my photography works for NFT for viewing on my TGH Photography portfolio website. As for which NFT platform would I be choosing/using, I would share in due course as I am still doing my research on the various NFT platforms.

Cybersecurity

With increased visibility and reliance on the internet and social media for our business and daily living, cybersecurity will also rise in importance and protecting our key personal and digital assets.   This topic had been on my website coverage starting some years back, with me entering into blockchain, crypto and NFT, cybersecurity needs to be even more of an ever presence.

Currently, I am receiving updates from a small group of technology firms that are into cybersecurity. Moving forward, I hope to build up more media relations and apply the cybersecurity setup into my crypto and my technological devices e.g. laptop, tablet and smartphone.

FX Trading

After I finish setting up my crypto trading, blockchain and NFT, along with my cybersecurity protection, I would proceed to revive my FX (forex) trading again. Since crypto trading and FX trading have investment trading fundamentals that can be applied to both sectors, I feel this would be the time to revive my FX trading.

Why I enter into Crypto, NFT and FX?

This global pandemic has taught us many lessons, severely disrupted and changed our way we live and work. A new hybrid future of work is upon us, how we run our business has also changed significantly.

Depending on one business or one source of revenue is not going to be sufficient in this modern economy whereby our knowledge and skills may not be enough if we do not adapt and change, up-skill, relearn and learn new knowledge and skills. The downfalls from this ongoing global pandemic further reinforce a need to diversify my revenue streams.

Running a photography business may not be enough, diversifying into NFT is part of my photography business plan to diversify. Entering into crypto and FX trading are part of this trio of Crypto, NFT and FX to be another source of revenue.

This trio of crypto, NFT and FX would be one of my other revenue sources that I am building up. More than just blockchain technology that is the foundation of cryptocurrency, the potential and capabilities of blockchain technology in other aspects of the business world are right up there for us to explore and expand.

Entering into blockchain, crypto, NFT and FX does not guarantee success and big revenue, there will be risks involved in a journey filled with lots of potential in my humble personal opinion. I would write and cover more on them down the road, from the technology and business aspects, such as in the areas of fin-tech, blockchain and cryptocurrency.

This is probably a lengthy introduction, going in-depth into blockchain, crypto, NFT, cybersecurity can be even more lengthy, technical and at times might be complicated and confusing for some.  Combining my photography business and my coverage of technology, I would like to play a role in the NFT segment for photographers.

Although this ongoing global pandemic has disrupted our daily living and how we work, the massive disruptions in a good (also a forced acceleration) way to make us relook, change, adapt and adopt to take us into a new future of work, how we live and how we prepare ourselves in a constantly evolving world that we live in.

Reflections and Updates – Q1 2019

Q1 2019 has just gone by recently, marking the start of a new Q2 2019. Looking back at Q1 2019, time for reflections and updates. As for my photography business,Q1 2019 Reflections and Updates, I published in a separate article on my photography and travel portal/blog.

On my technology and business portal/blog, I would be sharing on my blogging, social media and other business interests, the digtial and business development segments that form my other business plans and growth.

The economy, for Singapore and the World is not going to be a fast and big economic growth. Some people would criticise me that I am pessimstic, I am just being very pragmatic and very realistic, the harsh realities of the economy. We must innovate, adapt and change for the uncertainities ahead while continuing to work harder and smarter, seeking new opportunities.

Blogging to social media portal to photography + creative / digital agency

From my early days of blogging that started in April 2006 (photography and travel blog) and January 2008 (personal, technology and business blog), the market has changed a lot, from trends, tastes, digital marketing, social media to styles and ways of doing things.

Innovating, adapting, changing and transforming from a blog to a portal, followed by combining photography business into a creative / digital agency concept. This is like running on 2 platforms concurrently, one business platform complementing another business platform.

This is still a work in progress, through collaborations and partnerships with different groups of talented friends with their own expertise and skills sets, I have worked with Hpility SG and The Epiphany Duplet by Peps Goh and Tiffany Yong. More to come, recruiting more partnerships and collaborations along the way.

Property Fractionalisation

I mentioned about Katalyst previously in some of my articles, over a period of time, getting to know them better, Katalyst is now a technology platform that has access to another business interest that I have been keen in for a period of time – fractional sale of property/property investments.

If you are keen on property investment education, property investments or you are a boutique property developer that needs a platform to find investors, look no further, sign up here – https://pol.katalyst.exchange/?genghuitan

Forex Trading with HotForex

I learned forex trading some years back, I didn’t pursue it too actively as I was building up my other areas of business interest at that time. A few years ago, I returned back to Forex trading class with Brian, the investment/trading/forex guru/teacher. Brian and myself started learning forex trading together some years back, we took different career paths, he went into trading/forex while I went to SME business before building up my photography business.

Moving forward to the next quarter and beyond, it’s going to be a turbulent ride 2019 and maybe 2020, uncertainties, slower and smaller growth, fear of recession in the world economy. Bracing myself for a bumpy and turbulent ride while seeking new opportunities and building up my current photography and digital/creative/social media agency business portfolios.

Setting my Goals for year 2018

I have been setting my goals for the past few years (probably 10 years or more if I recalled correctly), yet when I looked back and searched for my goal settings articles, it was like all over the place inside here, maybe under a different heading and different stages in my life and timeline.

Today, I would be writing and sharing on my personal goals settings for the year 2018, my goal settings for my photography business, personal photography and travel would not be published inside here, they should be published soon.

Over the past month, December 2017, I did quite a fair bit of personal reflection, preparing myself what I wanted to do and achieve for my goals in the year 2018. Some of my goals were more inner and personal goals than monetary or achievement goals.

  • Healthy and active sporting lifestyle (Disciplined exercise regime) – No excuses for myself, I had been lazy, slacking and ill-disciplined in this aspect. I need to get my lazy self up and exercising regularly and consistently again. With a healthy mindset, body, mind and soul, it would assist me in taking on all the challenges, stress and pressure of running a small photography business in an era of highly disruptive and competitive economy. Not to forget mentioning that being healthy and active is something that money can’t buy.
  • Read more books – Reading helps to soothe my mind, heart and soul, as well as adding knowledge, skills and understanding of things/matters in different industries, societies and people. I haven’t been reading more than I would love to. Moving forward in the year 2018, I want to read more books from a diverse nature and genres.
  • FOREX / Alternative Investments / Trading – These alternative investments areas were something that I embarked upon a few years back, however, I didn’t have the persistency and discipline to maintain and continue the journey due to a different direction and goals settings during that period of time. Thanks to Pro Traders Academy in 2017, I am back, revising and preparing to enter into these alternative investments again, building up a side income and funds for my future.
  • Learn new skills and knowledge – Learning is a lifelong philosophy and we must keep on learning and gaining new skills and knowledge, changing and adapting in this climate of constant and highly disruptive economy and society. I started using SkillsFuture in 2017 and I would continue to find new courses to learn new skills and knowledge, adding them to my existing skills and knowledge setup.
  • Avoid and stay away from negative and nasty people – I had seen my fair share of negative and nasty people, who just have a knack for imposing everything of themsleves on other people. There are times whereby they don’t want you to succeed, they want you to fail, their words are nasty and hurting. These type of people really affect me, while people beside me can easily said that I can don’t listen to them and let them affect me, I still got infected and got affected by them, resulting in some hindrance in my journey. The time has come to protect myself from the negative and nasty people by avoiding and staying away from them.
  • Decluttering + Minimalist – It didn’t occur to me how therapeutic it can be for me, decluttering the many physical items in my life. Sometimes, the human race is chasing a lot of physical goods and commodities, there’s no internal and emotional fulfillment at times. Decluttering started in mid 2017, when I did spring cleaning of my room, re-arranging of my cabinets before helping to rearrange some of the cabinets in my living room. There’s some progress, there’s still a lot of work to be done. Next up is Minimalist, would I ever be able to achieve it? I don’t know, to be honest. It’s like an utopia somehow, however, it can be done, the question is, do I want to achieve it?
  • Embrace change and disruption – Although I mentally, emotionally and psychologically prepared myself for change in 2017, the huge waves of changes and disruptions were even more higher and powerful than I initially prepared myself for. Year 2017 became another learning curve for me, I am telling myself and preparing myself again, to embrace change and disruption (reminder that it might even get bigger, higher and powerful than previous editions)
  • STOP Overthinking – It’s one of my flaws that I personally and publicly acknowledged. Taking the steps to stop overthinking, it might not be easy and I am taking the first step.
  • STOP Putting Myself Down – Many a times, I let the words of negative and nasty people into my head, mind and soul, the Bad Wolf started to eat me up inside, transforming into thoughts that made me put myself down. The time also come for me to put a STOP to this.
  • Ikigai – ????, this is something that I am going to discover myself and search for it, the reason.
  • The subtle art of not giving a f*@k – There are a few, maybe a number of people out there that I will not be giving a damn of what you say, comment, feedback or criticize. It’s not that I can’t take criticisms, feedbacks or comments. It’s not the same at all.

To some of you, this may not be the “standards” of goals settings. It’s not for you, this is for me and myself only.

Would you like to learn FOREX trading?

When the term FOREX trading comes into your mind, is it something very difficult and foreign to you? Is it something very technical and confusing to you? Are you an investor that would like to learn FOREX trading as an extension to your current investment platforms? Or you someone who sees yourself as a future investor that wishes to gain more knowledge in the area of financial investment tools in order to conduct your own investments to earn passive income?

Today, I would like to introduce you to ProTradersCode, a website and platform founded by fellow entrepreneur friend, Brian Lam, a professional trader, he’s also an internet marketing expert that saved me a few times with my WordPress platform technical troubleshooting. Brian and myself, went to the same FOREX trading class together a few years back. We took different routes in life, Brian continued on to become a professional trader while I continued in freelance/semi-professional photography and established my commercial/professional photography in January 2017.

An investor myself, it’s like coming a full circle and back again to FOREX trading. I am going back to restart my FOREX trading after a hiatus, by attending Brian’s FOREX trading class.

This is not telling you that you have to do FOREX trading and investment. Any form of investment that you decide to take up and start is at your own personal decision after learning about the investment knowledge, techniques, careful thorough analysis and consideration. Investments are not for everybody, let alone, FOREX trading, a much more technical and complex form of financial investment tools.

If you would like to know and learn more about FOREX trading, sign up for ProTradersCode preview session and listen to Brian’s sharing before you make any decision whether you would like/want to sign up for his FOREX trading class.

The ProTradersCode website link is here, if you are keen, click on it, go to the website and more information is available there!

Some updates and announcements

Taking the pen and writing down the points that I wanted to write for this post, I took a back in time and reflected on my journey for the past 1 year. It was coincidental or even an omen that it took a year since I left my previous organisation in 2016. March 2016 was the start of a journey from the bottom of the well, getting myself back on track with the hurt, disappointments, anger and a big blow to my self-belief. The journey in 2016 doesn’t make it easier dealing with the loss of three people that left the world.

All these life lessons taught me and honed me in many different ways, over the course of this 1 year. Yes, it took me a bit longer than some of your “perceived + expected” expectations to reach this juncture today, writing out these updates and announcements article. Remember, Rome wasn’t built in a day.

In the past few months, the first quarter of 2017, I was very busy preparing and setting up my photography business, when you planned and prepared your things yet you faced even more things popping up here and there. More life lessons learned during the past few months, always be prepared for more of the unexpected even though you had did your planning. Thus, there was a slowdown and backlogged in writing and sharing my technology posts. They would be swinging back to action soon.

Therefore, what are my major updates and announcements?

First and foremost, I took the leap of faith and founded my photography business, Tan Geng Hui Photography. There were some changes, restructuring and realignment of my photography sites, written in an article here for your reading.

Meanwhile, I am still working with Wills & Wills, let me recap on what they do and the importance of will writing and estate planning.

Moreover, I am now added another work to my portfolio, working with ProTradersCode. They specialise in conducting classes on how to invest/trade FOREX and stocks and shares. I would be sharing more about them in an upcoming article soon.

The journey ahead for 2017 and 2018 are very tough and challenging, a time to adapt, adjust, innovate and change. I took the first step on my long journey ahead of me, let it be an amazing adventure of growth, expansion and learning.