You’ve got Australian session, Tokyo session, London session, and New York session - and these 4 sessions start and end at different times. Moving on to Forex Singapore… Forex trading hours in Singapore timeĪlthough the Forex market is open 24 hours a day, it behaves differently during different sessions. Low transaction cost – Unlike Stocks, most brokers don’t charge you a transaction cost. This means you can place your trades anytime from Sunday around 5 pm EST to Friday around 4 pm EST (depending on daylight savings). Trade anytime you want – The Forex market is open 24/5. And unlike Stocks, the Forex market seldom has gaps which mean you will rarely lose more than intended. Low barrier to entry – Most Forex broker allows you to open an account with as little as $100.īetter risk management – You can trade micro-lots which allows you to better manage your risk. That’s Trillion with a “T” This means you can enter and exit positions easily with minimal slippage. So, what are the advantages of Forex trading?Įnter and exit trades easily – Forex is the largest market in the world with over $5,000,000,000,000 traded each day.
If you want more details, check out this free Forex trading course. If you feel the Malaysian Ringgit is “cheap”, you can short SGD/MYR (this means you sell Singapore Dollar and buy Malaysian Ringgit).
(It’s like Stock trading but, you’re dealing with currencies instead.) What is Forex trading and how does it work?įorex trading refers to the buying and selling of different currencies - so you can profit from the difference.
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