Forex; Trading Archives - SG Wealth Builder

Singapore dollar at a relative strength – how to leverage

January 31, 2020 sgwealthbuilder 908 Views 0 Comments

On world financial markets, 2020 has begun the same way 2019 ended. Its waters remain a wild place, one where its waves can capsize the unaware at a moment’s notice. Question now is: how will Singapore dollar perform in 2020?

For starters, a no-deal Brexit remains a frightening possibility. The Trump presidency continues to surprise, to say nothing of the prospect of a Sanders administration. Hong Kong continues to fall from grace, as Beijing tightens the chain around its throat.

Suffice to say, investors are fervently searching for a safe harbour. For many, the Singapore dollar (SGD) is the sturdy port they’ve been searching for. A politically stable crossroads of regional trade, Singapore has long been a favourite of those looking for security. In light of recent events, this city-state has never looked quite so attractive.

Is Singapore dollar a viable play? And if so, how can the resourceful investor play the Singapore dollar to their advantage? That’s the question we’ll explore in today’s blog.

The Singapore dollar: A Financial Lifeboat On The High Seas Of Finance?

The financial community had so much faith in BoJo. Get elected, even if that means making grandiose promises (e.g., Brexit means Brexit). But after the counters record the last ballot, default to reason.

Forex; Trading

New asset classes added to stock market ‘s alarm clock, Call Levels

January 29, 2015 sgwealthbuilder 1093 Views 1 Comment

Local start-up Call Levels has created a mobile app that simplifies trading and investing by focusing on a single primary need – the need for investors to be alerted when their selected assets hit pre-set price levels.

The start-up’s co-founder, Daniel Chia, who was a sovereign wealth and hedge fund portfolio manager for the past eight years, created the app after realising that the complexity of existing finance and trading apps put off users who needed them most.

“It’s for part-time investors, businessmen who watch currency moves and even finance professionals themselves” says Daniel. “Call Levels keeps things simple for anyone with an interest in the markets by focusing on only doing one thing well – free, reliable, real-time price alerts.”

The app allows users to select their assets to track, set price levels with a responsive slider, and then receive push notifications when the asset prices hit the desired levels. Users can also notify friends, brokers and bankers when the Call Levels hit by adding their contact details to the app.

Call Level app users will get the most updated information reliably across multiple trading markets and stocks, with a system algorithm that scans the market every minute. Leveraging on Agile development methodology, Call Levels team and 2359 Media built the app within two months, with a system that notifies users within seconds, ensuring critical information reaches users in a timely manner.

Forex; Trading

How to avoid fatal investment mistakes

January 22, 2015 sgwealthbuilder 816 Views 0 Comments

One of the most fatal mistakes made by investors is not setting price levels when entering and exiting an investment instrument. This approach is akin to expecting zero risk and turmoil in the market, something which I deem foolish and naive. Perhaps one of the most recent shocks in the financial system is the sudden overnight surge in the Swiss franc after the Swiss National Bank removed the cap on it’s currency appreciation against the ailing Euro in mid-Jan 2015.

So is there a way to mitigate this risk? For sure there is. Technology has changed the way we live our lives and how we invest. We can never win technology, and therefore should always strive to leverage on technology to create and manage our wealth. Local start-up Call Levels has created a mobile app that simplifies trading and investing by focusing on a single primary need – the need for investors to be alerted when their selected assets hit pre-set price levels. Call Levels is a simple mobile-based market alert application that allows users to track and set alerts for foreign currencies, stocks (to be out in 2015) and commodities of their choosing. It will also provide snapshots for quick market analysis based on the customised alerts tracked by users.

Forex; Trading

Guest Posting: 5 Forex trading metrics you’re probably not tracking but should be

November 12, 2014 sgwealthbuilder 744 Views 0 Comments

Guest post by CMC Markets Singapore

Whether you’re a newbie or seasoned veteran in the forex arena, there are several common metrics that we all know we should be tracking. Such as support and resistance levels, pay-off ratios or lows and of course, profits and losses. There are many more but let’s look at 5 lesser tracked but equally critical metrics that could change the game for you:

1) Hold duration

Do you hold your long positions for a few days or are you comfortable with intraday trades? How long you hold a trade can reveal your appetite for risk. Short-term traders will exit at the first sign of a dip while traders who keep their position for more than a day jump in with a fairly good idea of what to expect from a pair. Then, there are position traders who may hold on to a currency for months or even years.

Keeping a journal of your holding duration will help you to understand your risk profile. This information can then be used to frame a suitable trading strategy that sits well with your risk level, earning goals and trading style.
2) Hold duration part 2 – Hold durations of wins vs.