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Category Archives for Forex

More Investors Trading Forex

A recent newspaper report highlighted a trend of more retail forex traders in Singapore. One of the reasons of the rising popularity is the growing number of forex instructors in Singapore. Everyday, you will be able to see advertisements in the newspapers promoting forex training sessions. Some of their advertisements lure newbies by promising high […]

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Currency Risks in Investments

The majority of people in Singapore will probably earn their income in Singapore Dollars (S$) and spend most of it in S$ as well. For people like us, it then makes sense to plan our finances using S$ as the base currency. If you invest into overseas assets, you would want to know what is […]

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Forex Margin Requirements to Go Up for US Regulated Firms

Effective from Monday 30th November 2009, a new NFA compliance rule will go into effect for all US regulated firms. The new rule dictates a 1% margin requirement for the major currencies, capping the maximum available leverage at 100:1. The new margin requirement for all other currencies will be 4% or 25:1 leverage. The new […]

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Oei Hong Leong Sues Citigroup

In a landmark case, Oei Hong Leong, the man with the Midas touch, is suing Citigroup for negligence and mispresentation over his loss of $1 billion (!) due to trades in foreign exchange and US Treasury bonds. Oei Hong Leong claimed that Citigroup gave him inaccurate and inconsistent reports on his trading positions, leading him […]

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Forex Trading Seminars

Many people have asked whether it is possible to make money by trading forex. Every day, you can see advertisements promoting forex trading (or other instruments) seminars with the promise of making a full-time income using the techniques they teach. I have not paid money to attend any of these seminars so I am unable […]

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