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Trading

The goal of trading is to generate returns that outperform buy-and-hold investing.

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Trading

Investments

SAXO Markets

SAXO Capital Markets

I just opened a SAXO account. What is the difference between trading and investing?
Hi Anon, Trading is more on buying and selling for short-term profit, mainly with a focus on the share price and technical factors. Investing is towards buying for long term gains with the focus on company's long term prospects. Traders take advantage of small mispricing in the market while investor study the company potential for long term growth. Both are 2 different strategy but having the same ultimate goal which is to seek profit in the stock market. SaxoInvestor and SaxoTraderGO offers different products for you to invest hence it's more on what would you like to invest in. SaxoInvestor is more towards beginners who are investing passively. SaxoTraderGO includes options and CFDs which are more technical and require deep knowledge to invest. Hope this helps!
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The Systematic Trader

Trading

Investment Courses

Investments

Does the Systematic Trader course focus on a particular school of thought?
Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 9. God of Wisdom
Answered 13h ago
It is a trend following school of thought.
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Investments

Interactive Brokers

Online Brokerages

Stocks Discussion

Trading

Should I use margin account (on Interactive Broker) to engage in day trading?
Frankie Aufhauser-Rappaport
Frankie Aufhauser-Rappaport
Level 9. God of Wisdom
Answered 3d ago
Neither margin trade nor daytrading seem a viable long-term solution to the problem of investing, where you can only 'play' with but not against time.
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Investments

Stocks Discussion

Trading

Online Brokerages

SeedlyTV S2E05

FSM One

Has any used FSMOne for local and foreign trading? Is IFast global market is safe to use?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 2w ago
Hey! I work with the people at IFAST and FSMONE as well on a busiess level, so I actually meet the team on maybe every few months. I feel they are well structured and almost MNC level because of their regional presecne and also in Hong Kong. So I don't think you have much to worry about them, if you do a look up on their shareholding strucutre, balance sheets, and also MAS regulation, all sound. I would say if there are two strong candidates for trading platforms-focused companies (online brokerages wise) it would be either IFAST (FSM) or POEMS. (PhilipCapital), very long history serving Singapore based audiences. Apart from the bank affliated platforms.
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Investments

Forex (FX)

Trading

Has anyone used Dollars Life? Is their company trustworthy?
N
Ninja
Level 6. Master
Answered 4d ago
Any company that promises you fixed interest profits is bound to give you zero
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Savings

Investments

Trading

FIRE Movement

POSB

National Service (NS)

Career

I am a 20 year old waiting to enlist, how do I start the FIRE journey?
Zi Shuen
Zi Shuen
Level 3. Wonderkid
Answered 2w ago
Hi, I'm 24 this year and I was at your situation too, perhaps I'll share with you what I'd do if I was 20. 1. Have 6 months of emergency fund (Eg: if you spend $400 a month, then make sure at least $2,400 remain in the bank account) 2. I'd take as much time as possible to learn investment. If you're interested in stock picking, then read some books or take some courses that teach you how to evaluate and pick stocks. 3. Remain invested while you're still learning. There are a few beginners friendly ways to start your investment journey 3.1 Regular Savings Plan - you can try with OCBC Blue Chips Plan, FSMOne RSP, POSB Invest Saver. I'd go with FSMOne due to their lower fee. This is a good way to start your investment journey with as little as $100 a month and continue to Dollar Cost Average 3.2 Robo-advisor - there are many robo-advisors in Singapore such as StashAway, Kristal.AI, EndowUs, MoneyOwl, Syfe etc. You can read online reviews and decide on your own. I'm personally using StashAway. 4. Once you have accumulated enough knowledge to get started, start picking stocks and invest in them. When you're young, I'd advise you to focus on growth stocks with smaller market capitalisation as they have a higher growth potential. After you accumulated sufficient capital from the growth stocks, you can diversify into more stable ones such as blue chips stocks, dividend stocks and REITs. 5. Focus on increasing your income, take on a side hustle, improve your skillset, start a small online business, whatever. Increasing income is the best way to accumulate capital. All the best, stay safe, stay healthy and stay invested!
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ETF

Trading

Investments

Stocks Discussion

Online Brokerages

How am I charged if I purchase stocks or ETF via TD Ameritrade?
SW
Shaun Wq Lim
Level 7. Grand Master
Answered 6d ago
Https://www.tdameritrade.com.sg/why-td-ameritrade/pricing.html Look at the other trading fees.
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Investments

Career

Trading

Passive Income

Stocks Discussion

Online Brokerages

Robo-Advisors

Hey guys! Starting to learn more about personal finance and investing and I was wondering if its worthwhile to learn about trading. What are the usual returns for successful traders?
Hi Anon, Kudos for the start! I would definintely go for passive investing. However, there is certainly no harm to learn more about trading. But I will not suggest you to trade with real money as you are just starting. With much confidence, you can try by using stimulated platform with paper money to try out first. It will help you to realise whether you are competent and suitable for that. You may not even like the style. On a hindsight, I have not yet come across a successful trader who can profit consistently over the long term (back test not counted). If you ask me, usually those good ones are quite low profile cause is their trade secrets. I'm definintely not in a position to tell you how you should invest, but all these are based on observation and trying out myself over time too. You may decide for yourself. Meanwhile, continue dedicate your time to learn the ropes of investing. All the best!
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Trading

Investments

Stocks Discussion

Online Brokerages

Now that eToro is extending its free trading fee to Singapore, what’s your view on trading in US market through their platform?
Jackson Chan
Jackson Chan
Level 4. Prodigy
Answered 6d ago
EToro has very bad reputation. Many people complain about difficulties to withdraw their money. I think we should do more research first.
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SAXO Capital Markets

SAXO Markets

Investments

Trading

Stocks Discussion

NYSE (New York Stock Exchange)

SAXO is charging me 0.75% fee on every transfer i make from my Singapore bank account to SAXO USD account. Has anyone found a way to avoid these fees on SAXO?
P
PillowCase
Level 4. Prodigy
Answered on 19 Apr 2020
Hi there! One little trick to minimise currency conversion fees would be to top your Saxo Account with a Revolut Account. A Revolut Account provides currency conversion at significantly lower fees compared to normal banks. Hope that helps!
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