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What do you mean by "in local contact, the margin is cap at 2% margin based on MAS rulings"? Are you referring to shares investment or forex trading?
Sorry if my question sounds ridiculous. Just started exploring forex trading.
Personally, I would prefer to use the maximum leverage if possible. Of course, it is a double-edge sword. But since I am adopting carry trade strategy, maximum leverage will give me the highest return especially when my position is protected and set to break even.
Under MAS rulings, the maximum leverage is 50 times for Forex, which is equivalent to 2% margin.
AUD/JPY was swinging wildly like a roller coaster yesterday, only recovered slightly above 81.20 for a few minutes, after which spiraled downward (10MA already cut 20MA below) & closing at 80.884.
AndrewNg wrote:Hi Everyone,
Those interested in Australian economy might also be interested to read the following analysis :
Dollar extends losses vs euro after US non-farm payrolls data
NEW YORK, Sept 7 | Fri Sep 7, 2012 6:09pm IST
(Reuters) - The dollar extended losses against the euro and fell against the yen on Friday after a report showed a smaller-than-expected rise in U.S. nonfarm payrolls in August, setting the stage for the Federal Reserve to pump additional money into the sluggish economy. For more details, click
The euro last traded at $1.2735up from the $1.2715 it traded at before the report.
The dollar was last at 78.52, compared with 78.88 yen prior to the data.