FX or forex, is commonly referred to as the foreign exchange market. In layman’s term, FX trading is the exchange of one currency for another at a predetermined exchange rate. Forex CFD (FX CFD) is a form of Contract for Differences (CFD) that allows you to participate in the price movements of the underlying forex pair. The main objective of FX CFD is to exchange one currency for another in the expectation that the prices will appreciate / depreciate depending on the position taken. FX is also the most actively traded market in the world.1 According to the Monetary Authority of Singapore in 2019, the daily average Forex turnover in Singapore reached a new high of US$633 Billion in April...
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Pinpointing market tops is difficult. In recent years, market reports and commentaries from financial analysts to investment gurus have warned their readers and viewers about “how the US bull market is losing steam…”1, “how the US market correction is way overdue…”2 and that the “Trump Rally will eventually fail”.3 While Wall Street sceptics have been warning of a big drop for years, ironically, the US bull market keeps proving them wrong, and has risen almost 433.8 percent since March 2009.4 Even legendary investor George Soros was not spared losing money betting against the Trump rally. The Wall Street Journal had reported that the billionaire hedge fund manager lost nearly $1 billion betting that stock prices would decline in the wake...
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Here are 6 reasons why you should start a Share Builders Plan (SBP) now! Start from as low as $100 per counter and kick-start your investment journey. 1. Good for beginners New to investing? Facing a dilemma of what stocks to pick, fret not, we have hand-picked 39 quality stocks that you could choose from. If you are conservative and are sceptical of putting a huge sum of money, this plan could be ideal for you as you could start from as low as $100. 2. Set goals in Life Planning for retirement? Saving for child’s education? There could be many financial goals that you would want to achieve? SBP could potentially help you reach your goals with peace of...
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Many of you already knew that you can use your CPF monies to invest via the CPF Investment Scheme (CPFIS). According to the information provided by CPF Board[1], any CPF member who fulfils the following criteria is eligible to participate in CPFIS: at least 18 years old not an undischarged bankrupt have more than $20,000 in his OA and/or $40,000 in his SA (does not require the opening of a CPFIA account) However, there are still many people who do not know that they can invest in Exchange Traded Funds (ETFs) using their CPFIS-OA. Currently, there are four CPF-approved ETFs listed on SGX: SPDR Straits Times Index ETF Nikko AM Singapore STI ETF ABF Singapore Bond Index Fund SPDR Gold...
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