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Singapore Broker?

  • #21
  • Edited 3:39am Feb 26, 2007 3:27am | Edited 3:39am
Quoting BurgerKing
HOW BAD is your internet connection to US brokers or any non-Singapore brokers for that matter? I was in Singapore last December and I was still able to trade 3 news without problem; speed of connection was as good (or bad) here in the Philippines.

Curious... Are you by any chance a "Beat the Spike" trader?

Thats the only logical explanation i could think of requiring ultra fast execution.
Any High speed Internet connection is fast enough to execute a trade with any broker in the world. My point is for a person who lives in Singapore gets a faster execution with a singapore based broker than a US broker and vise versa. Euromoney has done a research recently and the result was more closer you live to the broker, better the execution.
By the way.. I dont trade the news ( it's a recepie for Disaster )
  • #22
  • Feb 26, 2007 4:25am Feb 26, 2007 4:25am
Quoting hanz
wonder why the country on deficit :
Corrupt Government.

Money dont go to the National Treasury but to the officials in control. Money earned this way goes to the Election Campaign Funds and to repaying each other for Job Well Done! 2007 is another Election year here.
  • #23
  • Feb 26, 2007 8:30am Feb 26, 2007 8:30am
Quoting auslanco
Any High speed Internet connection is fast enough to execute a trade with any broker in the world. My point is for a person who lives in Singapore gets a faster execution with a singapore based broker than a US broker and vise versa. Euromoney has done a research recently and the result was more closer you live to the broker, better the execution.
By the way.. I dont trade the news ( it's a recepie for Disaster )
I have heard of speed typing, speed reading, speed chess, speed dating and now speed trading doing 5 trades per second thus the need for ultra fast internet connection and localized broker just a building away for the impecable <50ms ping.

How fast does prices in normal market condition move? 1 tick per 5 seconds. Even my decade old 19.2Kbps dialup modem can accomodate this kind of price update.
  • #24
  • Feb 27, 2007 2:33am Feb 27, 2007 2:33am
well... when I had 1500kbs It wasnt very uncommon for me to get 3-10 requotes for a week. Now I got 17000 kbs and no requotes from my broker what so ever.
  • #25
  • Feb 27, 2007 2:44am Feb 27, 2007 2:44am
[
How fast does prices in normal market condition move? 1 tick per 5 seconds.

Are you sure you are talking about forex here. Because for some reason the pair which I trade exclusively (GBP/JPY) moves 10 ticks per 5 seconds under normal market conditions.
May be you should quit FX Futures and start trading forex
  • #26
  • Mar 6, 2010 9:55am Mar 6, 2010 9:55am
Hi,
For those people who have just started to learn Forex trading, I would suggest to get a broker who offers micro-lot instead of starting straight from mini-lot or even standard lot.

However, not many brokers offer micro-lot in Singapore. I think MF Global, IG Markets, OANDA, CMC, etc. start with mini-lot.

My learning centre recommends City Index Asia Singapore because they offer micro-lot size so I'm using it. So far so good.

Cheers,
Oceany
  • #27
  • Mar 14, 2010 10:06pm Mar 14, 2010 10:06pm
Hi Oceany,

you mentioned that your learning centre recommends city index asia,
i'm interested in learning forex via a more 'established' method (eg. am trawling through the forums but am confused by the various 'tips' and advice offered. would prefer a more practical and hands-on learning method) and was wondering what learning centre you are referring to and if it is possible for me to enrol or enter a class there?
  • #28
  • Mar 15, 2010 12:11am Mar 15, 2010 12:11am
Oanda allows you to trade from $1 up
Shit Happens
  • #29
  • Mar 15, 2010 11:52am Mar 15, 2010 11:52am
Hi Act333,
Thanks for letting me know that OANDA allow us to trade from $1. I heard that they offer very tight spread and they also have a local office in Singapore too.

It sounds very attractive but I'm sticking with City Index Asia for now. I may switch to or open one more account when I earn enough pips :-)
  • #30
  • Mar 15, 2010 12:06pm Mar 15, 2010 12:06pm
Quoting mandi0107
Hi Oceany,

you mentioned that your learning centre recommends city index asia,
i'm interested in learning forex via a more 'established' method (eg. am trawling through the forums but am confused by the various 'tips' and advice offered. would prefer a more practical and hands-on learning method) and was wondering what learning centre you are referring to and if it is possible for me to enrol or enter a class there?
Hi Mandi0107,
The learning centre that I've just joined since December 2009 is T3B Forex (or Dynamite TNT Forex). If you're looking for more practical and hands-on learning method, then this learning centre should suit your needs.

I become very hands-on after the course. FYI - I had joined Option trading with other learning centre but didn't know how to start after the course. So, I can tell you that T3B Forex is very different.

To answer your question, it is definitely possible for you to enrol or enter a class there. You can find T3B Forex advertisement in the Straits Times and find out when they have a preview.

I can tell you more about it if you're interested.

Happy Exploring!
  • #31
  • Mar 16, 2010 12:50am Mar 16, 2010 12:50am
What's the spread like on CityIndex? what I like about Oanda is its tight spreads. 0.9 pip for EU/ EJ and EG.

I just started dabbling in forex about 2 months ago. Juggling JC work and forex.

Happy pipping everyone!
Shit Happens
  • #32
  • Mar 16, 2010 11:08am Mar 16, 2010 11:08am
Hi Act333,
The spreads for the following currency pairs on City Index Asia are as follows :

GBP/USD : 5 pips
EUR/USD : 3 pips
USD/JPY : 3 pips
USD/CHF : 6 pips
AUD/USD : 4 pips
USD/CAD : 5 pips
EUR/JPY : 4 pips

I can see that OANDA really offer very tight spreads. Not sure why OANDA can afford to do that. Very curious to know. Hope there is no hidden cost or commission somewhere.

So you're a JC student. Trading on demo or live account? Whatever it is, have fun Forex-ing :-)
  • #33
  • Mar 17, 2010 12:48am Mar 17, 2010 12:48am
No there is no commissions or whatsoever. In fact, they pay/charge interest on all trades by the minute. Even the funds deposited in your account accrue interest every day, which shows how serious they are. They are NFA, CFTC, blah approved. And some more, got branch in Singapore. (www.oanda.sg)

I have $50 in a real account, opened in the US branch since OandaSG requires 21 years old and above. (MAS very strict about this)
Shit Happens
  • #34
  • Jun 15, 2010 6:33am Jun 15, 2010 6:33am
If Singapore MAS is so strict how come that those who market "Questionable" trading systems and Hyped "Training seminars" are not regulated?
Just look at claims made by people like Kishor M
  • #35
  • Last Post: Jun 15, 2010 1:35pm Jun 15, 2010 1:35pm
hey guys,

is oanda good to joined? any other issue?
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