New to Tiger Brokers and not yet a customer? Great news because by opening an account during the promotion period, you will have 3 bites of the cherry to bag incredible welcome gifts. Here’s how the promotion mechanism works!
SingSaver’s Exclusive Offer
As the table shows, a new customer who signs up for a Tiger Brokers account via SingSaver and meets the eligible criteria receive up to 3 different types of welcome gifts, i.e. Welcome Gifts 1A or 1B, 2 and 3. Yes, you read it right, the SingSaver and Tiger Brokers welcome gifts are stackable.
Follow this step-by-step guide to ensure you do not miss out on Welcome Gifts 1 and 2 that are fulfilled by SingSaver.
Step 1: Click on this URL and submit an application for a Tiger Brokers account during the Promotion Period (13 Nov – 20 Dec 2023, both days included)
Step 2: Follow the link in the email sent to you, select your reward of choice and submit your Rewards Redemption Form.
Step 3: Fund your account with the minimum required amount (US$1,000 if you are aiming for a larger welcome gift) within the Promotion Period
Note that lucky draw winners at the SingSaver 101! Milestone Giveaway will be announced on SingSaver’s contest winners page by 7 June 2024.
On the other hand, Reward 3 will be fulfilled by Tiger Brokers and is only valid till 22 Nov.
What is Tiger Brokers?
Tiger Brokers is a leading global online broker founded in 2014. Listed on the NASDAQ stock exchange, it uses next-generation technology to enable clients to trade a wide range of securities across multiple global markets and currencies.
Customers enjoy commission-free trades on US, HK, SG and China A stocks and has access to real-time market data and detailed analysis to make informed decisions. With offices in Singapore and other cities, it provides instant account opening capabilities as well as 24/7 customer support. It is also licensed by Monetary Authority of Singapore (MAS).
Sign up for Tiger Brokers
So what are you waiting for? Open an account right away and fund an initial minimum of USD1,000 to start your investing journey with Tiger Brokers. In doing so, let’s also not forget that you will be in store to receive the amazing welcome gifts offered by SingSaver and Tiger Brokers as summarized below!
Receive S$120 upsized cash via PayNow or S$140 Capitaland voucher when you open a Tiger Brokers account and fund any amount. Fund at least USD 1,000 on your account, or transfer in stocks of the same value from another brokerage, to snag an additional S$60 cash (S$180 total) via PayNow or a S$190 Capitaland Voucher. Valid till 20 Dec 2023. T&Cs apply.
Also get up to USD 888 worth of prizes and 8% p.a. bonus interest when you deposit and trade with your Tiger Brokers account. Valid till 22 Nov 2023. T&Cs apply.
Plus, get 3x chances to win your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions! T&Cs apply
Considering CFD or Forex trading for your financial portfolio? This article gives you a clear picture of their differences and how you can get started.
Forex and CFDs are international financial instruments. Both are highly leveraged instruments that offer the possibility of financial success, but they are not the same. Contracts for difference are a special kind of derivative financial product, while Forex involves buying and selling currencies.
What Is CFD Trading?
Contracts for Difference are derivative contracts allowing investors to speculate on price changes in underlying assets without purchasing or owning such assets. They enable investors to trade the difference between an asset’s opening and closing prices through a broker. CFD trading offers a wide variety of assets, including stocks, indices, commodities, and cryptocurrencies. Its minimal barrier to entry means it can be used by anybody, anywhere in the world. Using leverage, you may manage bigger holdings with the same amount of money.
What Is Forex Trading?
Foreign exchange is the buying and selling of currencies in the Foreign Exchange market. Currency exchange is decentralized, allowing traders to purchase and sell currency pairings like GBP/JPY or EUR/USD to benefit from price changes. Due to the overlap of sessions in several time zones, currency trading can occur around the clock, five days a week. As in CFD trading, traders can use leverage to magnify their gains on a reduced financial investment.
What Is the Difference Between a CFD and Forex Trading?
Unlike Forex trading, which only trades currencies, CFDs allow you to speculate on various markets your broker can cover. Traders can take a bullish or a bearish stance on an asset and place either a short or a long position. Gains or losses are determined by the fluctuation between the asset’s opening and closing prices.
The foreign exchange market is global in scope. There is typically no centralized currency exchange. The value of one currency is exchanged in relation to another.
Pips are the smallest increment of change in a currency pair that can result in a profit or loss.
Leverage is a feature of Forex and CFD trading that allows investors to manage a larger position with the same amount of cash. However, leverage amounts may vary depending on factors like the broker, location, and regulations.
Liquidity and Access to the Market
Since the foreign exchange market is open around the clock across several time zones and can be accessed by anybody with an internet connection and a broker account, it offers excellent market access and liquidity. The forex market is the most liquid financial marketplace, with daily exchange volume averaging $6 trillion. In addition, this market has low entry barriers, necessitating only a little starting capital investment and some familiarity with currency pairs.
Market access and liquidity of CFD trading make it possible to trade on a wide variety of worldwide marketplaces throughout their respective hours. As expected, they vary depending on the underlying asset being traded. Traders benefit from this variety of markets and assets but face problems like adapting to various laws, fees, spreads, and commissions.
Spreads, Commissions, and Other Charges
The spread, or the difference between the broker-quoted buy and sell price, is a frequent cost associated with buying and selling CFDs and FX. This charge covers your broker’s overhead and the money they make from your trades. The spread shifts due to changes in the asset, the broker, the market, and the liquidity.
Currency trading on the FX market has more competitive spreads than CFDs since more people trade in this market. In addition to spreads, you may incur other expenses for each trade while trading CFDs. CFD trading makes greater use of them, especially when dealing with equities and indices.
Foreign exchange trading can be done for speculative purposes, although its principal function is facilitating commerce and investment across national boundaries. Foreign exchange markets include transactions between central banks, businesses, institutional investors, and private speculators. Hedging is another reason people trade Forex. Currency traders often work with forex brokers, although Forex can also be traded on the Contracts for Difference market.
The initial intent of the CFD market was to serve as a hedging mechanism. CFD contracts can be a hedging tool for existing equity and commodity investments. Contracts for difference do not expire like option contracts. Rolling over overnight contracts may incur additional fees depending on the provider. Since there is currently no oversight, the fees may differ.
Mini and micro units are more manageable for smaller traders and are available for several currency transactions. Currency futures contracts can also be traded as options. Currency exchange-traded funds (ETFs) allow investors to trade currencies on the stock exchange.
Final Words: How To Trade CFD and Forex
First, you must create and fund an account with a trustworthy broker. Make sure your broker has a solid reputation through background research.
After selecting a broker and opening an account with them, you will need to fund your account using the method you have chosen. Some account types and platforms are more suited to your specific needs and style than others, so do your homework.
You should also choose a way to trade that is consistent with your objectives and risk comfort level. You can reduce your risk and enter and exit positions with more consideration when you have a plan. You can use technical and fundamental analysis to spot opportunities and determine when to enter and quit a market.
Ultimately, you must decide which asset or currency pair to trade. Studying the economic statistics, geopolitical events, and central bank policies that affect the price fluctuations of your preferred currency pair is crucial. After deciding the currency pair to trade in, you may purchase or sell it on your platform. Always keep a tight eye on your investments and employ risk management strategies to reduce potential losses.
If you want to manage your trading portfolio better, here are some tips that would be beneficial.
Knowing how to manage a trading portfolio is critical if you want to stamp your footprint into the world of trading, and it’s a crucial skill that many day-to-day traders need more time to understand fully. It doesn’t matter whether you’re a seasoned trader with years of experience or a newbie who’s trying to find what works for them; the key to being successful is being able to manage a portfolio and be able to assess risks, get the best returns for your investment, and stick to the goals you set.
In this article, we’ll look at how you can manage your trading portfolio and share some tips to help you trade smarter.
Define Your Investment Objectives
If you want to be a successful trader, having a sole idea of your end goal will be pivotal and will significantly impact your trading behavior and future success. Setting goals will help you decide what you get from trading, whether long-term growth, short-term gains that can be quickly turned around, or a mix of both. Once you’ve decided on a trading strategy that you want to use moving forward, it’ll be a lot easier to find a pattern that works for you and is sustainable long-term, which is where tools like TradingView can come in very helpful.
Diversify Your Portfolio
Being overly leveraged in a particular direction could spell disaster for your future in trading, ending it before it’s had a chance to begin. Diversifying your portfolio is a term used to describe traders making sure to have investments in various sectors or industries, some of which may compete with one another. This means that should one of your investments go badly wrong, you’ll be able to survive because you have investments elsewhere that can prop up your portfolio as a whole.
Your portfolio could easily become unbalanced, affected by market conditions beyond your control. This is why monitoring your assets and being able to act decisively is essential, but this isn’t an easy skill to master, and it will take time to get this right. Rebalancing involves selling stocks that have outlived their usefulness or maxed out, freeing up capital that can be used to invest in other stocks that are undervalued and have high-growth potential.
Set Stop-Loss Orders
While this may seem like a no-brainer when it comes to acting sensibly and with a clear sense of direction, many traders neglect this aspect of trading because they don’t think the unthinkable could happen. Stop-loss orders will help you offload assets that suffer from a sudden drop in value, helping protect your portfolio by ensuring that it doesn’t become flooded with low-value assets that will be much harder to liquidate. It might take time to research, but it’s certainly worthwhile.
Stay Informed and Analyse Data
It’s been said before that knowledge is power, which is more accurate than ever in the world of high-stakes trading. It’s easy to stay informed about the latest trends and developments in trading. Still, the real skill is knowing where to look to get the most effective information before anybody else. Make sure to use social media to find out about the latest developments in real-time and follow people who are most likely to have exclusive track news that could have a considerable impact.
The worst thing you can do is act impulsively when trading, so if you’re ever feeling upset and overwhelmed, it might be a good idea to step away from the computer and give yourself a break. As well as not trading when you’re overcome with emotion, it’s also important not to let fear and greed influence your behavior, as this will often result in you making decisions that you would not typically do. Staying disciplined and in control is one of the best things you can do to be a successful trader.
Keep a Trading Journal
Organisation is crucial, and keeping track of your activity is a surefire way to make decisions that will have a much better impact on your trades in the long term. Many seasoned traders use their trading journey to keep track of the trades they make and note the circumstances around them so they can reflect on these and analyze them later. Self-reflection is a compelling trait for traders, and if you can do this successfully, you’ll be able to make much smarter decisions moving forward.
Knowing how to manage a portfolio will put you in excellent stead, as it’ll help you remain disciplined and develop the ability to make smarter decisions in the long term. There are many different skills that you can sharpen to become a better trader, but by making these small changes, you should see an increase in the profitability of the trades you place.
In the second quarter of 2023, HDB resale prices marked their 13th consecutive quarterly increase, rising by 1.5% quarter-on-quarter (q-o-q). This adds to the 1% q-o-q increase witnessed in the first quarter of the year, reflecting a sustained uptrend in the public housing market.
While the prices have been steadily climbing during the first half of the year, it’s worth noting that the pace of resale price growth has shown some moderation compared to the overall trend observed in 2022, where the average quarterly growth was 2.5%.
According to the latest public housing statistics, executive flats saw a significant 2.3% q-o-q increase, with prices rising from $800,000 in 1Q 2023 to $818,000 in 2Q 2023. Meanwhile, five-room flats also experienced a rise of 1.9%, with prices climbing from $638,000 to $650,000 during the same period.
Let’s take a closer look at the areas that experienced the biggest price increases for HDB estates in 2023, compared to the growth observed from 2020 to 2023:
3-Room Flats:
– Bukit Batok recorded a substantial price growth of 52.53%
– Toa Payoh followed closely with a growth of 50.35%
– Sembawang saw a rise of 43.26%
– Woodlands experienced an increase of 42.84%
4-Room Flats:
– Bukit Batok topped the list with a remarkable growth of 59.71%
– Sembawang followed with a growth of 48.82%
– Ang Mo Kio saw a rise of 43.86%
– Woodlands experienced an increase of 38.64%
5-Room Flats:
– Sembawang led the way with a substantial growth of 47.07%
– Bukit Batok closely followed with a growth of 46.03%
– Woodlands experienced an increase of 40.19%
– Choa Chu Kang saw a rise of 32.01%
The Housing Development Board (HDB) attributes the moderation in the rate of price increase to the government’s measures aimed at maintaining a stable and sustainable property market. These measures, implemented in December 2021, September 2022, and April 2023, include a 15-month wait-out period for private property owners before purchasing a non-subsidized HDB resale flat and a lowering of the loan-to-value limit for HDB housing loans.
Analysts have noted that the slower price increase observed in the second quarter is not an isolated event. Eugene Lim, key executive officer of ERA Realty Network, emphasized that 21 out of 26 HDB towns experienced price gains in the second quarter, compared to only 12 towns in the previous quarter.
Geylang stood out with the highest increase in resale flat prices at 18.7%, followed by the Central Area with 8.6% and Bedok with 4.3%, according to Mr. Lee.
It’s worth mentioning that the resale flat prices in Bukit Timah have seen a contraction for two consecutive quarters, and this could be attributed to factors such as a lack of new supply and an aging stock of resale flats.
Image Credits: unsplash.com
In conclusion, the HDB resale market continues to show strength, with prices maintaining an upward trend. While the rate of increase has slowed somewhat, the market remains dynamic, and various factors, including government measures, continue to influence price movements across different HDB towns.
Some people like to “gamble” with their money and they call it day trading.
If it’s your first time hearing the term, it simply means buying and selling stocks within a day to try to make quick money.
It can be likened to playing the stock market but on steroids. Something like trying to catch fish with your bare hands instead of a fishing rod because it’s too slow.
It’s no doubt high risk if you’re an absolute beginner, but also high reward when done right. But if your spouse starts to neglect their job, family, and friends, then something’s not quite right.
More about day trading
The people who do day trading like to buy and sell a lot, so they can make money from the market’s price changes in one day.
Sometimes they can make a lot of money in a short time, but sometimes they can also lose a lot.
Some folks like to do day trading because it’s very exciting, and they can work from anywhere and anytime they want.
But it’s easy to get addicted thinking it’s “easy money.”
Warning signs that signal your spouse may be addicted
If your spouse spends the whole day staring at the computer screen and forgets to keep up with personal hygiene and routines, this can be a warning sign.
He or she may also be paranoid and sensitive when talking about losing money.
If you suspect that your partner is dealing with an addiction, don’t accuse them of having an addiction right away.
How to speak to your spouse
Wait for the right time and find a quiet place. Then, use “I” statements to tell them how you feel and why you worry.
Don’t play the blame game. Take the time to listen to their side of the story—maybe they just want to earn more money for the family or they’re having a tough time at work recently.
Don’t just brush them off or start arguing. Both of you need to find a solution together, like maybe reducing trading hours or seeking professional help.
Encourage your spouse to explore alternative career options
You can share it with your spouse and encourage him or her to attend some info sessions or courses to upskill.
Let your spouse know that they can (still) feed the thrill of trading better with a job that provides a steady income—with CPF and other benefits.
Seeking professional help
If your partner is already in deep waters, it’s good to see a financial counselor who can help put things into perspective.
It also doesn’t hurt to speak to a general therapist or counselor to see if deeper emotional issues are causing changes in your spouse’s behavior.
Concurrently, ask around for contacts of financial advisors that have a good reputation and reach out to them.
Make an appointment to see if they’ve got other investment schemes that are less risky, so your partner can still trade and put rice on the table.
Day trading is like a gamble where one can win big or lose big. But if you suspect that your spouse can’t seem to exercise self-control, then maybe it’s time to take action. Speak to your spouse first and then seek professional help. Better to talk to someone who knows what they doing than rely on yourself to try and fix everything. Don’t wait until it’s too late.
