Best forex trading platform for beginners singapore
This data is provided for general information only and may not be current. Please refer to the product overview area of our trading platform for real-time information on the spreads, margin rates, commission as applicable and trading hours of a particular product.
At the end of each trading day 5pm New York time , positions held in your account may be subject to a holding cost. The holding cost can be positive or negative depending on the direction of your position and the applicable holding rate. Historical holding rates, expressed as an annual percentage rate, are visible on our platform within the overview section of each product.
How do I fund my account? How do I place a trade? Do you offer a demo account? Three friends signed up for a preview seminar on foreign exchange forex options trading. Two of them paid up for the actual course after attending the preview seminar. After 3 years, one has finally given up trading forex options after suffering huge losses while the other is still struggling to make a profit. The third friend felt put off from attending the actual course because the trainers at the preview seminar seemed overly positive, focusing mainly on: Forex trading is about betting on the future movement of exchange rates.
Forex trading is generally considered a high-risk activity as it is usually leveraged. These days, forex trading seminars are often marketed online and through marketing collaterals which feature attractive success stories: But there have been reports where the participants shared personal experiences about losing money on top of paying out hefty course fees to attend the seminars.
So remember, if someone offers to help you make amazing and consistent returns by teaching you all about forex trading: The tactics are similar: Sounds too good to be true? That's because it probably is. Such online trading platforms typically attract the attention of investors through web-based advertisements or social media. Investors may then be led to trade financial products electronically, either through a web-based platform, or through software provided by the operator of the platform.
While MAS has regulatory safeguards in place for investors who deal with regulated online brokers, trading on an unregulated online trading platform means that the investor will lose the protection offered under our laws and regulations. This leaves the investor vulnerable to possible scams or difficulties in contacting, or resolving any grievances with such unregulated online trading platforms. These measures include requirements for the operator to be fit and proper, and maintain segregated customer accounts, controls and records.
Investors are strongly encouraged to deal only with financial institutions or entities that are regulated by MAS. You can check the Financial Institutions Directory on the MAS website to check if the financial institution is regulated or not. Apart from forex trading, it is also common for unregulated online trading platforms to offer another form of investment instrument, known as binary options.
A binary option is a type of option contract that references an underlying instrument. The underlying instrument can be from asset classes such as stocks, commodities, currencies and interest rates. The returns on binary options are dependent on whether the asset underlying the binary option rises above or falls below a certain amount. We all are going to grow old anyway. And we all want to at some point in time is to have enough money to stop working. I say, why not learn a skill that allows you to do that.
And what if you learn a skill eg. In both scenario, you both will grow old with the same number of years. But in scenario A.
You will most likely be richer and able to accomplish more things than you could in Scenario B where you did nothing. If you are able to master this skill, and even if it took you 5 years. Your life will change afterwhich! You will be able to literally print money from your computer. Irregardless of where you are. So i say, why not learn a new skill that can actually take you to where you would like to be faster?
Rather than doing nothing and live life like it always is. Your life will go on, and 5 years later. It will still be around the same. But if you decide that you will really want to master this skill. Even if it took you 5 years. You are going to really make a difference in your life. Do send and share this to your friends and anyone you care about, help them reflect and think about learning a new skill which could be useful for their later life.
If they do nothing, nothing will change. Your email address will not be published. Sign up to our newsletter! To me, forex trading is a game. This game is of course not as easy as it seems. Instead it needs another set of skills. Some that you may have it, but most can be trained. Skill set for forex trading 1. But i know, some men can never read woman.