Over the years, forex trading has built a reputation for being many things. Some think it’ll help them amass a formidable fortune in a short period of time. Others think it’s unnecessarily risky, even more so than other investments. But which of these is fact and not fiction? Here are the most common misconceptions surrounding forex trading today.
Think back to the SGD/MYR example. With only an appreciation of MYR0.07 per SGD, the trader who buys and sells S$100 makes a 7MYR profit, but the trader who buys and sells S$10,000 makes a 700MYR profit.What's forex trading, and how to get started in Singapore As it turns out, trading less and focusing on a limited number of currency pairs that you are knowledgeable about is usually the most beneficial strategy.
But nowadays there are platforms, sites, and people dedicated to making forex trades. These offer a range of services, from curated resources and news analysis to cheaper rates and more currency pairs.
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Forex Trading Debunked: 5 Myths and Misconceptions - The Independent Singapore NewsRight now the Singapore dollar has reached an all time high against the Malaysian ringgit, with 1SGD being able to be exchanged for 3.23MYR.
Source: IndependentSG - 🏆 9. / 63 Read more »
Forex Trading Debunked: 5 Myths and Misconceptions - The Independent Singapore NewsRight now the Singapore dollar has reached an all time high against the Malaysian ringgit, with 1SGD being able to be exchanged for 3.23MYR.
Source: IndependentSG - 🏆 9. / 63 Read more »
Five huge mistakes that made total strangers millionairesCryptocurrency trading platform Crypto.com mistakenly sent $10.5m to an Australian woman instead of a $100 refund. Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles
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Beijing bourse introduces margin trading, benchmark index on 1-year anniversarySHANGHAI :The Beijing stock exchange issued draft rules for margin trading and securities lending on Friday, and launched its first benchmark index, in a move to further improve a market serving small and medium enterprises (SMEs).Friday marked the one-year anniversay after China's President Xi Jinping said l
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China further opens its domestic derivatives marketSHANGHAI :China opened its financial and commodity markets further to foreign investors on Friday, allowing qualified overseas institutions to trade broadly domestic futures and options instruments. The China Financial Futures Exchange allowed foreign access to stock index options, it said in a statement, whi
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China broadens foreign access to financial, commodity derivatives marketSHANGHAI : China opened its financial and commodity markets further to foreign investors on Friday, allowing qualified overseas institutions to trade broadly domestic futures and options instruments.The move is part of the Beijing's plan to liberalise its vast capital market, the world's second-largest, a
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