You can observe the pip on the last decimal of the currency value. An initial look at the pip seems like an insignificant change in value. However, forex traders know that this can affect investors because it can increase or decrease the value of quote currency when buying base currency.

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A pip can also be powerful when incorporated into your planning and strategy because, despite the changes in the value, you can still earn or minimize loss as an investor. Thus, when talking to a dealer, you can also ask about the pip and determine how they managed it. Simply put, a spread pertains to the relationship between the ask and bid principle in forex trading. The ask refers to the amount or price that the dealer is asking for the selling of the currency.

Meanwhile, the bid is the amount or price that dealer is willing to bid for the currency that is being sold. There are three 3 basic spread types :. The amount does not change and mostly done by automatic trading. Through understanding the spread and its efficient use, whether it be fixed, with an extension or a variable one will lead to success. That is why having a trustworthy dealer and platform is very important for investors especially if they are new to the industry. Leveraged trading is one of the known strategies that investors can do to manipulate the forex trading in their favor.

It is the when your dealer loans to you, the investor, money to increase your capital required, which the margin. Using a leverage is a win-win for the investor and broker if done right.

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It can help deal with fluctuations in the rate of exchange. In some way, leveraged trading can distribute the risk associated with the trading business although it is in the form of a load. An example of this is when your broker lends you an amount of money for your forex trading account, and you earn a certain percentage.

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Your own capital and that of the loaned money will also increase. Hence, you have the capital plus the loan money and then the profits based on the amount of your original money and that of the money that the broker has loaned to you. Forex trading involves risks like all other financial investment activities. But, in forex trading, it is riskier because of the very dynamic conditions, where slight changes can also mean significant failures.

One of the risks in forex trading is the interest risk. This risk is related to the interest rates of the exchange rates. The decrease in the interest rates means that the currency is also weak. Hence, the investors at a disadvantage when this happens. As mentioned, the market is very volatile that alterations may sometimes be expected. Another risk is one that investors may be exposed to when you operate with leveraged trading. The other side of the coin is when there is loss due to the changes in the market. As an effect, there is a margin call, requiring the investors to add their capital, which means investing more money.

A country with weak or poor structure can lead to a currency crisis that is a nightmare for investors.

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There may be other risks involved in forex trading. When you talk to a dealer, make sure that you also cover risks. You need to understand how they can mitigate or handle the risks.

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From the several points and concepts we have discussed, we also give emphasis to the broker or the dealer who or where investors entrust their financial investments. The relationship between you and your broker is crucial to ensure that you will succeed in the trading business. When trading in foreign exchange, an investor like you, have dealers or brokers to serve as the intermediary. They can give you access to the platform where the currencies are traded.

Hence, now you can buy and sell different currencies.



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Through the forex brokers and the advent of the Internet, small-scale investors or the individual investors can now participate in foreign exchange trading. The brokers or dealers will be your salesman and help you through the trading process. They can even lend you finances for your margin leverage trading.

Therefore, they can help you in many ways. The brokers can be compensated in different ways. They can have a transaction fee which may represent a percentage of your transaction. Speak to our sales traders Monday to Friday 24 hours a day. Customised account types to cater to your different trading patterns. Enjoy the freedom to invest on your own terms! Available offerings for this product Mini Account.

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Initial deposit — SGD Classic Account. Initial deposit — SGD 5, Accredited Investor Account. Initial deposit — SGD 10, Supported platform MetaTrader 4 MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in Learn More. You can only choose one account type and your preferred account base currency. Commissions may apply to bespoke arrangements. Download Form. Better risk management — You can trade micro-lots which allows you to better manage your risk.

And unlike Stocks, the Forex market seldom has gaps which mean you will rarely lose more than intended. You only pay for the spread. Although the Forex market is open 24 hours a day, it behaves differently during different sessions. Because the London session is the time the Forex market move the most which means you get more trading opportunities.

So looking at the table below, the best days to trade Forex is on Tuesday, Wednesday, and Thursday as volatility is the highest during these days.

Trade the way that suits you

Forex Trading Course for Beginners. TradingwithRayner Academy. If you answer yes to at least 3 of the above, then I recommend you sign up for a Forex trading course in Singapore. Alternatively, if a Forex broker has a physical office in Singapore, you can go down and open an account. However, because of regulations, these Forex brokers only offer a maximum leverage of 1 to 50 which is low considering overseas Forex brokers can easily offer 1 to