There is nothing sadder than to see the newbie Singapore FX traders loose their initial investments in online trading. In this article we would like to discuss some popular trading mistakes and help the beginner traders muster the skills of a online trader. The first error is an attempt to start trading Forex from day-trading. [...]
Having the basic understanding of Forex trading, you can already start trading on Forex demo account for practice money. Usually every Singapore Forex broker provides with a free demo account with the real prices. So that a trader can get familiar with a trading platform and the Forex market. Practicing in demo provides with the [...]
When working on creation of your own trading strategy, don’t forget to take the volatility of the currency market into your consideration. The Forex in Singapore as well as other parts of the world is working 5 days a week, 24 hours a day, which allows any trader from any part of the word take [...]
While watching the Japanese candle stick charts we usually pay attention on the historical prices of the certain currency pair including the support and resistance levels. The historical prices gives us more or less correct information about what we can expect from the market in the nearest future and trade accordingly. If watching a candle [...]
There are plenty of many Forex ebooks online that teach new traders how to trade using the levels of Fibonacci, Elliot Wave, etc. Of course these ebooks are very good for any new Singapore trader, but the problem is that the writers of these books give 100% guarantee that if you do as they say, [...]
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