Business Solutions

Singapore is a country of migrants. The Migration Policy Institute estimates a net migration rate (into Singapore) of 4.26 per 1,000 in 2021. In other words, about four in every 1,000 Singaporeans is a new arrival to the country.

Singapore attracts people from all across the world and every level of the socioeconomic ladder, but its policies and employers are especially friendly to certain types of migrants. If you seek a fresh start or a career lift in one of the world’s most dynamic economies, here’s what you need to do to improve your chances of success.

1. Confirm Your Initial Eligibility to Work in Singapore

Before getting ahead of yourself, confirm that you are provisionally eligible to work in Singapore. Use the self-assessment tool (SAT) from the Singapore Ministry of Manpower to determine which type of Singaporean work permit, if any, you are likely to qualify for. Keep in mind that positive SAT results do not guarantee employment eligibility in Singapore, as work permit availability is numerically limited and other factors not considered by the SAT may inform eligibility decisions.

2. Sharpen Your Credentials

It is widely understood that Singapore is a meritocracy — that is, talented candidates with in-demand educational credentials and extensive industry experience are more likely to find work and thrive here. Ross Belhomme, a Switzerland-based executive retained to work as managing director at the Singapore office of Asiaciti Trust, is typical of the professional caliber that Singaporean authorities expect. That’s not to say that more junior expats are unlikely to find work in Singapore, only that credentialing is key.

3. Consult an Employment Agency With Experience Placing Expats in Singapore

Depending on your level of seniority, a professional employment agency or executive placement firm might hasten your transition into the Singaporean workforce. Look for firms that have documented experience placing expats to work in the nation-state (and that are willing to provide references attesting to the same).

4. Understand the Unique Aspects of Singaporean Business Culture Before Applying

Singaporean business culture blends some aspects of southeast Asian custom and some aspects of Western dealmaking to create a unique amalgam that may feel unfamiliar to those who’ve spent their careers elsewhere. Before applying for a position here, understand local business etiquette, negotiation style, dress, and other customs, knowledge of which will greatly improve your chances of securing a role.

5. Abide by Government Registration Requirements (And Obtain and Maintain a Valid Work Visa)

Your role may require you to register with the Singaporean government. It will certainly require you to obtain and maintain a valid work visa throughout the duration of your employment here. These registration and visa requirements can be quite tricky, and missteps could jeopardize your ability to earn a living in a very expensive part of the world.

Opportunity Awaits You in Singapore

Singapore is arguably the most dynamic nation in the Asia-Pacific region. With so much competition, that’s really saying something.

If you’re fortunate enough to be relocating to Singapore with a confirmed offer of employment, you don’t need any of this advice. Do your very best in your new role and you’re likely to find success.

If you’re relocating to Singapore for a change of scenery or to seize the sorts of opportunities that appear available to other new-to-Singapore expats, you have more work to do. You need to ensure that you appeal to local employers and follow the letter of local employment law.

With effort, your campaign will pay off. Soon enough, perhaps, you’ll find yourself in a position to give advice to other new-to-Singapore professionals.

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Forex is the largest liquid market in the world where people from all walks of life have equal opportunity to achieve their goals. Investors often explain that they are unable to make money even in excellent trading conditions which makes the general community wonder if they are doing something wrong. The conditions are important in currency trading as traders have to decide whether they want to invest or wait. In this article, we are going to describe some of the techniques used by professionals to assess the trading environment before the deposit. Remember, it is going to take time to analyze as Forex trends are volatile.

The market has money

The first condition in currency trading is to know whether the industry has money. Traders fail to understand that there can only be rewarded when the market has capital. The money is pulled from different individuals who have participated and awarded to the skilled investors. If the sector has no resources, wait until the industry can reward you. Novices always take the longest time to think when they are about to place an order. They understand the scenario and have grasped the concepts. Instead of spending money on volatile movements, experts only deposit when there is a certain chance to make a profit. Don’t be tempted by watching the trend of analyzing the chart which gives an expected result.

No important news has been released

Information can change the factors which ultimately affect the price of currency pairs. When important news is released in the market, the economy experiences changes. This affects the price movements and people lose their capital. An important stage of trading condition is to have consistent volatility which is not going to be affected by major news in the future. Small developments will keep on rocking but as long as they cannot affect the foreign exchange, you should prepare a strategy to trade the market. We have found that others don’t realize what they are doing until the sudden movement hits the balance. You should check for important news when you are planning to place an order.

The skilled traders in the ETF trading business always read financial news regularly. Even though they are certain that no high-impact news is scheduled for a particular period, still they love to pay attention to the minor details. Though it is not necessary still it is a great way to reduce the stress associated with fundamental analysis.

Suitable for analyzing the trends

The chart should be consistent and the price movements should be analyzed by the strategy used by an individual. An ideal condition should allow the investors to properly manage their funds with the right formula. If the environment seems out of this world, you cannot use the method. You should consider staying away. Conditions are variable that can change without informing. A potential environment can be analyzed and put into a frame of understanding. If the scenario seems confusing, don’t invest based on what you anticipate.

Are these all the conditions that I should be aware of?

Unfortunately, this industry is diverse and the regulations are not rigid. Every time they are changing and people should be aware of the latest news factor. For example, the coronavirus has changed the structure of the Forex industry. More people are getting rewards that are abnormal considering the past market condition. Yet more customers are participating in it to make money.

Can I not use my strategy?

A strategy is a tool that analyzes the chart. The conditions are analyzed with the help of a strategy but the luck is not in favor, there is no way a person can make money in Forex. Don’t confuse the two as each of them serves different purposes. When investors are making decisions, the market must be in their favor. If they use the best plan but the industry is not in favor, profit cannot be made. Understand the situations in the market and make your decisions.

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