Some years ago a friend of mine, let’s call him R, purchased a condominium unit in the east. It was a two bedroom unit located on the 9th floor, right next to the mrt station and a short commute from where he and his girlfriend would both work. He had seen a number of units [...]
The recent MFGlobal bankruptcy saga was all in the news and it was such a hot topic that The Sunday Times put up a report and interviews on local Singaporeans investing/trading in stocks and CFDs. I guessed their agenda was to evaluate the investing climate of Singaporeans, and if there is a large percentage of [...]
I was reading through a CFD broker’s customer agreement form. This CFD broker is a market maker and below are some of the extracts that you should be aware of, especially trading with a market maker:
Your orders are not reflected in the exchange
When you enter into any transaction with us through our Platform, you will [...]
Last week, I bought 3,000 shares of Ezra on 14 Sep 10. Although it was not a nice uptrending stock, the volatility is decent to make a potential profit. In other words, everytime the stock breaks a resistance, the price movement is large enough for a profit taking.
On the following day, I realised Ezra executed a Rights Issue. [...]
I just closed my Forex CFD trading account with them. What I like about them is the withdrawal procedure. Unlike the other brokers, you do not need to fill in a withdrawal form (hardcopy) and mail/fax it back for processing. I just dropped an email and supplied some details for verification to complete the request. [...]
In the recent years, there is a proliferation of Contracts For Difference (CFDs) brokers in Singapore. I remembered vaguely that this financial instrument started in UK many, many years ago, before it caught on in other countries. The main advantage of trading CFD is allowing the trader to short sell a counter with ease. Without [...]
I trade both stocks and forex. Currently, I have 2 separate trading accounts with different brokers. I use MFGlobal for stocks and CityIndex for forex. Both are Contract for Difference (CFD) brokers.
It has come to a point to decide whether I should merge the accounts into one and fully utilise the capital. There are advantage [...]
The pain for traders is the loss beyond control or expectation. Successful traders have a habit of limiting the size of losses, such that even many losses are incurred, they will not affect their capital for future investment. A typical method to limit a loss is to set a stop loss order, where any price [...]
There are mainly 2 ways that your stock broker earns money from you and it is important you are aware of it.
When you buy or sell any stocks, the broker charges you a commission for the service of facilitating the transaction. Commission generally cost about S$25 per transaction (a buy or a sell) for Singapore [...]