Category Archives for Trading
Macquarie Warrant Hotshot Competition 2010
The fourth Macquarie Warrant Hotshot competition is set to start on 10th August 2010. The contest lasts for one month in a simulation real time trading environment and the grand winner of this contest stands to win a cash prize of $20,000. There are also weekly cash prizes up for grabs for the top four […]
SGX to Offer Nifty Options and Related Products
Singapore Exchange (SGX) said it expects to offer options on the S&P CNX Nifty Index (Nifty) and related products in the coming year. Nifty is the leading index for large companies on the National Stock Exchange of India and contains 50 well diversified stocks accounting for 21 sectors of the economy. This follows SGX’s obtaining […]
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 […]
Unsolicited SMS for Trading Courses
Yesterday, I received an unsolicited SMS for a trading course that made me feel like bursting out into laughter. The actual message goes like this: “See hw our student made $78000 into $1000 in 2 mths. Free Preview on 28 and 29 Oct, 7pm onwards @ NUSS Suntec Twr Lvl 5. SMS to xxxxxxxx to […]
Lessons from Get Rich Courses
Last Sunday, an article written by Lorna Tan “Lessons from get-rich courses” was published in the Straits Times. The article spoke about the numerous advertisements for “get rich courses” you see in the newspaper every day. Some samples of what you can see in the adverts: “Our graduate made 770 per cent profit and turn […]