Head Trading Analyst
Matthew H Y Cheung | Logikfx
Graduate in Computing and Business(BSc), specialising in quantitative analysis and digital marketing. The initial curiosity towards the financial markets was identified during the aftermath of the financial crisis where his parents introduced him to an opportunity in buying shares in domestic banks, before the bailout was announced. Having previously studied Economics, Data Mining and Project Management, fundamental analysis has become an acquired behaviour. His qualifications in Business Analytics further allows him to assist the syndicate with transcribing economic forecasts, identifying emerging correlations and signalling trend continuations or reversals. During campaigns, the utilisation of resources has become ingrained by his experience in Software Project Management and Marketing, efficiently providing value through clear structured planning and execution of analysis.
He identifies that fundamental features of the market create substantial influence in the long-term valuation of markets. Investing in forex assets he references that a fundamental outlook followed by technical, volume and discipline are a must. Mainly due to forex market participants behaving otherwise to those in equities.
• Social media management – leading content creation towards the desired market segments and managing various social media platforms to increase the reach, richness and affiliation of information we provide to consumers.
• Marketing Strategies – utilising multi-channel buying models by integrating offline and online networks to precipitate and anticipate customer needs. Analysing the effectiveness of online communities and social media to build true company customer interactions.
• Economic Model development & Research – tracking and mining of global influential events, and modelling their impact on asset valuations.
The initial interest in financial assets began during the crisis of 2007. During this period my parents purchase stocks at a depreciated price; sparking my curiosity towards investing. Entrepreneurship started at a young age from shovelling snow and picking weeds to selling confectionary goods. My first taste of risk management started when selling these goods, bought at 10p and sold for £1; 1:10 risk reward or a 900% ROI. Money management, consumer interaction and price elasticity of demand were being realised. By the age of 13 I was making £20 a week through identifying these opportunities.
Following this endeavour, I was also interested in gaming. The industry itself was growing rapidly especially digital gaming, overtaking the music and video industry. During this time, I was able to identify market trends, popular games such as Call of Duty, FIFA and Minecraft were games which raised the most interest. I was able to create servers which players could create communities. This was the beginning of my interest in virtual economies and micro transactions, being the owner of the server, I created virtual items and kits which players could purchase for monthly subscriptions. After several months, I was generating over £100 monthly income through subscriptions. This is a behaviour I have grown and used in the financial markets by identifying trends during early stages and profiting from good risk reward learnt in my early years.
Over the years my interest in these areas was diminishing, I grew an interest in computer science and economics. Once pursuing this field at University, I further developed my programming skills, now being able to connect the quantitative side of analysis to the qualitative decision making of business. Higher education taught me traditional methods of: programming, project management, economics, accounting, marketing and organisational psychology. Since I already had prior knowledge in areas of economics and computing I was able to help mentor students in my class on difficult areas to grasp such as: algorithmic variables, monetary policy and Fiscal policy. This is where my practice in personal training became convenient, I was easily able to grasp what the person understood about the subject, what they can improve on and how they can improve. Not only did this enhance my knowledge on the subject, I helped peers understand too.
This is the point where I started to research the derivative markets. The focus of my research took place in Forex. Fundamental analysis was essentially economic events which will directly affect one’s currency or indirectly affect another, this was easy to understand thanks to my education in economics. During my research I identified how different people invest: banks, hedge funds and retail traders. Applying quant analysis to this research using the Commitment of trader’s data made sentimental analysis second nature.
Majority of these individuals or firms had different methods of approaching the markets which worked, since banks and hedge funds accumulate vast capital they’re able to fundamentally invest assets at a low risk for a low reward. Following my research, I identified how retail traders were purely using a tainted form of technical analysis and price action, to allow for risk elasticity, which in turn will allow a much higher return, when used correctly. This was pure speculation which is not supported by logical reasoning and economic data which is a true driver of economic strength.
I methodically developed my understanding of the markets from research, allowing me to implement a fundamental quantitative strategy to forex during my university life. A method different from the 90% of forex traders.