Search found 39 matches

by archonmage
Wed Aug 29, 2012 12:43 pm
Forum: All about Investing
Topic: Forex Trading
Replies: 36
Views: 47759

Re: Forex Trading

Hi Everyone, For those trading Aud/JPY, do take note of the following news: http://www.theaustralian.com.au/business/economics/australia-faces-growing-risk-of-recession-in-2013/story-e6frg926-1226455183017 http://globaleconomicanalysis.blogspot.sg/2012/08/home-sellers-get-realistic-in-australia.htm...
by archonmage
Tue Aug 28, 2012 10:36 pm
Forum: All about Investing
Topic: Forex Trading
Replies: 36
Views: 47759

Re: Forex Trading

Hi archonmage, Actually just trying different margin. Is it advisable to use 2% margin instead? 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. Jus...
by archonmage
Tue Aug 28, 2012 12:38 pm
Forum: All about Investing
Topic: Forex Trading
Replies: 36
Views: 47759

Re: Forex Trading

Thank you for showing visually how to check carrying cost of a particular commodities. Now I know that the carrying cost changes daily. Was deposited with $0.05 carrying cost (3.23% annual rate) for new trade for Buying of 1,000 AUD/JPY at 81.75 using 16% margin, executed via limit order yesterday....
by archonmage
Fri Aug 24, 2012 11:39 am
Forum: All about Investing
Topic: Forex Trading
Replies: 36
Views: 47759

Re: Forex Trading

Buy 1,000 AUD/JPY at 81.984 using 24% margin, executed via limit order yesterday. Was imposed with carrying cost of $0.11 (3.33% annual rate) yesterday, could I check whether carrying cost is imposed for all forex trades? Hi, As long as you hold on to this position, you would get rough 11 cents dai...
by archonmage
Wed Aug 08, 2012 12:57 pm
Forum: All about Investing
Topic: Forex Trading
Replies: 36
Views: 47759

Re: Forex Trading

Hi archonmage, Fully agreed that forex can be a form of passive income. To me, it is an additional stream of income for grocery shopping :D Looking forward to hear about your big plan, if possible, do share your thoughts early, don't need to wait until "when the time comes". Hi, Ms Eileen...
by archonmage
Sun Jul 29, 2012 3:37 pm
Forum: All about Investing
Topic: Forex Trading
Replies: 36
Views: 47759

Re: Forex Trading

HI Dennis I am very new to this forum. All the seniors are talking about investing in Property and Stocks. How about forex trading? Shall we also consider this as part of our investment since it is most liquid and can trade 24/5 every week? thanks jimmylu :mrgreen: Hi, Jimmy Lu. I do not encourage ...
by archonmage
Tue Jul 24, 2012 2:41 pm
Forum: All about Investing
Topic: Traditional Endowement Plans
Replies: 4
Views: 6734

Re: Traditional Endowement Plans

You can invest in regular small amount through: 1. POEMS Share Builder plan. http://www.poems.com.sg/financialservices/sbpFAQ.asp?value=sbp 2. regular investment eg. S$300 into ETF through CFD (CMC Markets allow zero leverage while most CFD comes with leverage which add in risks). http://www.cmcmar...
by archonmage
Fri Mar 09, 2012 11:25 pm
Forum: All about Investing
Topic: Economic Clock
Replies: 3
Views: 5755

Economic Clock

Learn an interesting concept today from my mentor, The Economic Clock The economy is said to go in a cycle. The economic clock is to demonstrates this movement in a cycle to indicate when is a good time to buy certain types of investment or when not to buy. The economic clock is not to be taken as a...
by archonmage
Mon Dec 12, 2011 10:28 pm
Forum: All about Investing
Topic: UK Traded Endowment
Replies: 68
Views: 103207

Re: UK Traded Endowment

Since the investment and payout is in British pound, would like to seek some advise on following. - how do we assess the currency exchange risk ? - is the long term prospect for pound stable (at least) ? Thanks for advise. nobody has crystal ball and can predict exchange rates in 5 years' time. As ...
by archonmage
Tue Nov 29, 2011 9:56 pm
Forum: All about Investing
Topic: Another side of the coin
Replies: 1
Views: 2208

Another side of the coin

Extract from FB, original link is here, http://www.facebook.com/DennisNgKW/posts/10150383209677011?cmntid=10150384776962011 Dennis:I want to thank City Development. Shorted the stock at S$10.689 and since last week it dropped by over S$1.50 to S$9.15... Alex : Hi, Dennis. I am not too sure is it a w...
by archonmage
Sun Nov 27, 2011 10:29 pm
Forum: All about Investing
Topic: Shrinking pool of safe havens
Replies: 0
Views: 6037

Shrinking pool of safe havens

http://sg.specials.yahoo.com/news/shrinking-pool-safe-havens-124322944.html LONDON (Reuters) - The universe for safe-haven assets is shrinking fast. A sell-off in German government bonds after a weak auction, a warning on France's triple-A rating and rising risks on U.S. credit after the collapse of...
by archonmage
Fri Nov 04, 2011 9:39 pm
Forum: All about Investing
Topic: An indicator for the coming crisis
Replies: 1
Views: 2510

Other than Australia drops its interest by 25 basis points on 1st Nov, I just realized that Brazil had also dropped its interest by 1% so far. What does that tell us?
by archonmage
Wed Nov 02, 2011 10:43 pm
Forum: All about Investing
Topic: What is counter-party risk?
Replies: 11
Views: 7343

Re: What is counter-party risk?

What is counter-party risk? I don't fancy CFD of SGX stocks because they are not traded on a central exchange. Therefore, counterparty risk is relatively much higher. Agreed. Perhaps for those interested in trading CFD, they can look for local brokerage firm that offers CFD, just to name a few, Lim...
by archonmage
Wed Nov 02, 2011 9:50 pm
Forum: All about Investing
Topic: What is counter-party risk?
Replies: 11
Views: 7343

Re: What is counter-party risk?

What is counter-party risk? I don't fancy CFD of SGX stocks because they are not traded on a central exchange. Therefore, counterparty risk is relatively much higher. Agreed. Perhaps for those interested in trading CFD, they can look for local brokerage firm that offers CFD, just to name a few, Lim...
by archonmage
Wed Nov 02, 2011 9:29 pm
Forum: All about Investing
Topic: Foreign Currency
Replies: 17
Views: 14501

Hi, wemakebread. Yup. Oanda does offer this pair. However, at this moment, I am only focusing on carry trade. Regards, a.m. If your forex account has the pair USD/SGD, it is possible to short it! The link below is the chart of USD against SGD. It is a classic downtrend. http://sg.finance.yahoo.com/e...