FX prices are influenced by a range of different factors, including interest rates, inflation, government policy, employment figures and demand for imports and exports.
Singapore’s Resource: its People
The most talented teachers are promoted quickly. It is also not an accident that the Singaporean education system has typically stressed science, technology, engineering and mathematics as its primary topics, as these are all skills that are in high demand globally and have helped make the Singaporean workforce one of the most highly educated in the world.
The political stability of Singapore is another crucial factor in its success as an offshore center. It might best be characterized as a democracy with an authoritarian streak, although most observers agree it is becoming less authoritarian and more democratic. In any case, the stability and continuity has allowed companies to feel very comfortable about locating there and planning for a long-term future.
As at the time of writing, there are currently nine retail Forex brokers authorized by the Singapore Monetary Authority based in Singapore. In alphabetical order, they are:.
You can be sure they are all well-regulated by the Monetary Authority of Singapore. Some of these brokerages such as IG Markets and CMC Markets are large, global brokers that happen to maintain regulation in Singapore in order to better serve the local population. Both global and local Forex brokers in Singapore have their advantages and disadvantages depending upon what you are looking for. Adam is a Forex trader who has worked within financial markets for over 12 years, including 6 years with Merrill Lynch.
When you have a positive carry trade, it means that the currency you are long pays a higher interest rate than the currency you are short. You are long Audjpy, this means you are buying the Aussie and selling the Yen.
The Aussie currently pays interest of about 2. So there is always a possibility of counter party risk. And for you the retail trader, your counter party risk is usually your broker.
Your transaction size in the forex market is too small to even reach the interbank market. So what happens most of the time is your broker would take the opposite side of your trade.
After which the broker would pool these retail orders together and hedge it on the interbank market. Family Planning Early Experiences Matter: Trading Forex Trading Singapore: Trading Forex Trading Insurance Your Insurance Protection Gap: Investing Investing In Unit Trusts?
Successful Singaporeans Disability In Singapore: Investing Looking For Higher Returns? Here Are 4 Possible Reasons Why.