Singapore forex trades drop, main growth expected from institutions Jul 17
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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. Inbox Community Academy Help. Log in Create account. How we support you How does IG make money? Market Data Type of market.
Over , clients worldwide. New to trading the financial markets? Get started with some key essentials: Already experienced as a trader? Discover the advantages of trading with IG: Market-leading technology Transparent low costs World-class support. Introducing our best ever web platform Enhance your CFD trading with the new IG Trading platform Quicker deals, with one-click execution from lists Real-time event updates, with news and Twitter feeds Orders to part close, price change alerts, a dark theme and more Find out more.
Successful trading means making the right decisions Make your first one count. An established leader We've been a trusted, global market leader since Superior platform Execute your strategy on a fast, reliable, powerful and mobile platform.
Clear design Classic, 'dealer' interface customisable to suit you. Always improving Regular updates and new features on our platforms. Better prices Sourced from multiple venues to give your the best price we can. Client education Attend a free in-person seminar, or join a live webinar. While in the past Singapore Forex trading was a challenge, it is no longer the case. Today there are many international licensed brokers for Singaporeans. Your Funds are at Risk. To trade Forex currencies online, a new trader must open an account with a broker.
Brokers own trading companies that provide a platform or place where Forex Traders can trade through an online account by the use of the customized software.
ECN Trading in Singapore is one of the best online trading methods. By trading with a broker who offers the use of an Electronic Communications Network ECN to their clients, the trader can be connected with other buyers and sellers of currency pairs.
The broker will usually charge a small commission fee for this service, but the benefits of trading through an ECN include the ability to trade after closing hours.
ECN Trading prevents brokers from trading against the customer. Trading through Meta Trader 4 Singapore is a good idea for new traders.
Meta Trader 4, developed by MetaQuotes Software helps new traders through the provision of tools for price analysis, the placement and management of trades. Traders on Meta Trader 4 have the option of automated trading.
In the terminology of Forex Trading, traders purchase currency pairs. The currency on the left-hand side of the pair is called the Base Currency, while the currency on the right-hand side of the pair is known as the counter currency. Traders buy a currency pair if the base currency is increasing in price against the counter currency.