Forex Vs. Commodity Market

Forex market is such a fascinating market in the world that everyone wants to invest and make the profit. The main reason behind this fascination is the quicker and bigger profit that you can make if you play smartly. Lots of patience and experience is required to make your every trade end in something positive. Quicker and timely decision can be handy in this game.

Observing the charts is not enough most of the times. Most of the online guides and tips tell you a lot about candlestick forecasting and predictions, but this is not just enough. We have the examples where all the calculations, mathematics and predictions failed about candlesticks and charts, and well-experienced predictor had to bear some significant loss. Why this just happened to them?

As I mentioned earlier that you have to be extra smart. You have to keep in mind everything that can change the value of the currency you are dealing with. It can be some news, some government policy, some accident, some event or even a war. You will have to keep an eye on such things which can affect the decision of the people about buying or selling of the currency pair you are dealing in.

There are individual websites which make your job more comfortable if you are trading with them. They can give you specific advice about buying or selling. They may show you the live charts, graphs, prediction theories and calculations and news bytes as well which may have any impact on the forex market. But again, you have to be extra smart so don’t rely on the news and information of a single website. Double verify everything before taking any decision in Forex Market.

Some people don’t want to deal in Forex Market rather they prefer to trade in commodities. Forex market is much volatile, and you can lose your investment in just a blink of an eye. It is not that case when you are dealing in commodities. Normally there are not such sharp jumps in the prices of commodities how much ever big the news is.

So, to trade safely, most of the people prefer to buy or sell commodities like Gold, Silver, Oil, and Copper. These are widely traded commodities worldwide. Oil and Gold are most traded commodities. The reason behind this preference is that Oil and Gold act more like currency pairs. You can see some sharp increase or decrease in the price of Oil and Gold.

If you want to trade in Oil or Gold, then you must keep an eye on news and charts for Oil and Gold Forecast. If you are confused, don’t invest rather wait or consult some expert. Doubts in your decisions can lead you towards loss. If you are new, follow some expert traders. Following option can be found on most of Fore Trading websites. Following some expert will let you learn and earn at the same time. But don’t follow blindly instead consider every action in trade and try to find out the reason behind every decision and soon people will be following you.

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Avoid Making These Costly Mistakes When Buying A Laptop

For many Singaporeans, laptops have become an integral part of their lives. Saying that I cannot live without powerful device is an understatement. Without my laptop, I would be out of job. This article would not exist either! Laptops bring so much ease to our lives.

Whether you use yours for business or entertainment, laptops are easy to get. Unfortunately, this type of device can be costly! I would categorize it as a major investment. With that said, it is best to plan your purchase to avoid buyer’s remorse.

#1: GETTING THE CHEAPEST MODEL

One might think that the surefire way to save money is to buy the cheapest model available in the market. This may be easy for your wallet, but said model may not have all the necessary features. Given that the materials used in the cheapest models are found in the lower end of the spectrum, many of them lack the longevity that you crave for.

It is best to opt for a laptop that will serve all your needs. Make a list of your ideal specifications, must-have features, and other preferences. Compare this list to your viable options.

#2: SPENDING TOO MUCH

Do you really need the top-of-the-line MacBook Pro costing about S$3,488? Can the least expensive Pro (i.e., the 13-inch costs about S$1,898) satisfy your needs? Realistically speaking, some powerful desktop computers have lower prices.

Image Credits: pixabay.com

If you believe that quality depends on the price tag then, your belief may not be applicable to laptop shopping. Higher prices do not always equate to better product performances. Spending too much on a laptop can lead to buyer’s remorse. Not to mention, parts and repairs are usually more expensive for laptops than other counterparts.

#3: THINKING SIZE DOES NOT MATTER

Let us face it! Size matters when it comes to acquiring a laptop. A laptop’s size determines the design of the trackpad and the keyboard. You will most likely be cramped when opting for a device measuring less than 13 inches. Furthermore, a laptop with a bigger display allows more space to work in your desktop. Also, a “larger laptop” often gives a better viewing space and or a more expansive experience in general.

For frequent travellers, you may benefit more with small laptops such as the ultrabooks. Ultrabooks are not for everyone! Just because a product is in the front page of a tech review, does not mean that it is the best for you. A Chromebook may be cheap and portable, but it has a low storage space that will not suit the needs of a graphic designer.

#4: DISREGARDING THE ART OF “SHOPPING AROUND”

When buying a laptop or accomplishing a major purchase, it is important to do prior research. Investing your hard-earned money on the manufacturer price many not be always be a good idea. Most companies want to sell their products at top prices. Thus, you must consider shopping around.

Look for bargain deals provided by online retailers such as Amazon. Alternatively, you may hit up the nearest IT/Tech shops such as Courts and Challenger. For instance, Challenger’s www.hachi.tech offers 15% discount on the Surface laptop (T&C’s apply).

Image Credits: pixabay.com

Not to mention, the Great Singapore Sale is still on going. Imagine the beaming online and offline promotions ahead!

#5: IGNORING THE IMPACT OF THE FUTURE

At a heartbeat, you were swayed by a salesperson who highlighted the wonders of a touchscreen monitor. This new laptop may be good for now, but how about a couple of years down the road? Is a “normal” laptop more durable than its touchscreen counterpart? Think about it!

As assets, laptops move like cars. Its value plummets as time goes by! Remember that.

Sources: 1 & 2

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Easy Investing into Property backed Secured Crowdfunding

For the newbies, debt crowdfunding is a concept where borrowers (usually SMEs) approach a crowdfunding platform for loans funded by a pool of investors. Investors earn interest, paid by borrowers, as returns on their investment. Investments are open to individuals as well as corporates with a minimum amount going down as low as $50 for smaller loan amounts.

Funding Societies, licensed and leading crowdfunding platform in Southeast Asia, backed by SoftBank Ventures Korea and Sequoia Capital, has recently introduced Property backed Secured Loans to its pool of more than 50,000 investors, providing them with more diversification opportunities. This is the third product Funding Societies has introduced since Business Term Loans and Invoice Financing.

What are Property backed Secured Loans?

Property backed Secured Loans are loans taken by companies who have pledged a local property as a form of collateral against the loan. These are local properties owned by the companies and/or Directors of the companies, and can be Residential, Commercial or Industrial. The loan amount is capped at 70% of the property value determined by independent valuers.

As an investor, you can start investing from $1,000 in this secured crowdfunding product

Why should you be excited about this product?

It is secured by property as a collateral: Funding Societies (FS) takes the first charge on the property, i.e. In the event that the property needs to be liquidated to repay the loan, FS will have the first right to access the cash after it is auctioned. Given the 70% Loan to Property Value (LTV), there is enough buffer against fluctuations in market prices that result in properties being devalued.

It’s a short-term investment: The loans are typically up to 12 months’ tenor

Fair returns for a lower-risk product: You can get up to 8% p.a. returns in your investment

Additional Diversification:Existing crowdfunding investors now have a secured loan product to further diversify their portfolios. New investors who have not invested in crowdfunding can take this opportunity to start investing.

What happens if a borrower misses out on repayments

In the case of repayment by borrowers, FS will liaise with borrowers on behalf of investors for collections. If the loan reaches defaults (defined as 90 days past payment due date), Funding Societies will pursue legally to auction the collateralized property. Proceeds from the auction will be used to repay the investors and any excess will be returned to the owners of the property.

In the rare scenario where proceeds from the auction are insufficient to repay the loan, Personal Guarantors (usually Directors of the company) and the borrowing company will be liable for the outstanding due.

TL;DR (Too Long; Didn’t Read)

Given that there is collateral security in the form of a property, Property backed Secured Loans become more secured and typically lower risk compared to other crowdfunding investment products.

For those with a lower risk appetite but still want to potentially earn a return of up to 8%, the Property backed Secured Loans is a product for you to diversify your portfolio in.

Limited Time Promotion: Receive $20 Cashback!

From now till 15 June 2018, sign up as an investor and invest at least $1,000 to be eligible for the $20 cashback. That’s an upfront 2% cashback on your investment!

Here’s how to claim the cashback:

Step 1: Sign up for your new investor account on www.fundingsocieties.com.

Step 2: **IMPORTANT!** Enter MDMAY in the Promo Code section.

Step 3: Complete your registration and activate your account.

Step 4: Invest at least $1,000 before 15 June 2018. Investment can be in one loan or across multiple loans.

Eligible investors will be notified via email of their within one month from the end of the promotion.

This article was first published on Funding Societies’ blog.

Disclaimers:

This article is contributed by Funding Societies.

It should not be construed that Moneydigest is endorsing this article or any of the products and services provided by Funding Societies.

Nothing in this article should be construed as constitute or form a recommendation, financial advice, or an offer, invitation or solicitation from Funding Societies to buy or subscribe for any securities and/or investment products. The content and materials made available are for informational purposes only and should not be relied on without obtaining the necessary independent financial or other advice in connection therewith before making an investment or other decision as may be appropriate.

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Forex sentiment indicator – An Incredibly Imperative Tool That Works for All

In accordance with April 2012 Foreign Exchange Committee, there are total 4 billion dollars of Forex spot transfers on a regular basis. With diverse participants especially those who are trading for some particular purposes are having an edge in the Forex market.

It is imperative to pay attention to the fundamental analysis as they show up the big picture. By looking at this picture, you can easily come to know about the latest actions of the currency pairs and technical analysis. Not just that, you get information regarding the trends.

The forex sentiment indicator is an imperative tool that alerts all the traders about the extreme conditions. This indicator also helps the traders to know the price reversals. It can easily be utilized in conjunction with the fundamental along with technical analysis.

An Incredibly Imperative Tool That Works for All

The sentiment indicators show up the percentage of the traders who have taken a specific position in the currency pair. For instance, you can assume that there are total 50 traders that are trading in the same currency pair. If 10 of these traders are long and 40 are short, then the 10 percent of the traders are considered as the long ones on the currency pair.

When the traders’ percentage in a particular position reaches the highest level, then the sentiment indicators becomes quite useful. For instance, you can assume that when a certain currency pair starts rising and 70 out of 100 traders are long; then some traders will leave to go with the trend.

The sentiment will indicate that it is the perfect time to consider the price reversal. When the price starts moving in lower and shows up a signal which is topped, the sentiment trader just enters the short. It assumes that those traders in the long will have to make sales to avoid losses when the rate falls.

On the other hand, it is said these indicators are not so accurate in providing the buying and selling signals. You have to wait for the rate to confirm the reversal ahead of acting on the signals of the sentiment. The currencies can stand on the higher levels for an extended time period as well as the reversal might not appear instantly.

The higher levels will be different for each currency pair. In the event that the rate of the currency pair has reversed when the buy reaches 75 percent and when the longs reach that higher level again then it is said that the pair is at the extreme.

Therefore, you will have to wait for the signals of the rate reversal. In case, another pair has reversed when the percent of the traders in the short is 80 percent then you will need to wait for the reversal at the extreme.

The sentiment indicators are present in diverse types. They are available from diverse sources. We cannot say that one is better than the other one. However, they can be utilized in juxtaposition with each other. Or else, the particular techniques and strategies should be followed to the data you find simple to interpret.

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5 Essential Things You Need To Consider Before Opening a CFD Trading Account

If you are thinking of trading in the financial market, the first thing you might want to do is open a trading account. With a plethora of platform providers in Singapore, choosing a platform as a preferred broker might be more beneficial to you than you realize.

Since most providers offer very similar services, they may appear homogenous from the very start. However, if you take a closer look at the various services they offer, you will begin to notice all the differentiating factors. Here are some of the essential things you need to consider before opening a cfd trading account in Singapore.

Company’s Reputation

All thanks to the internet, personal finance has become truly globalized. A few years ago, retail investors used to rely on making phone calls to their trading representatives for the purpose of buying or selling their investments. However, in today’s world all one needs is a good internet connection to make use of the platforms being offered by providers in Singapore and the rest of the world.

One major disadvantage to this is that there are plenty of small and obscure providers out there offering brokerage services. A number of such firms offer new clients extremely low transaction costs in order to lure them to their platforms.

If you are looking to open a cfd trading account in Singapore, it is advisable that you go with a reputable and well-established trading firm. This is because CFD trading requires a specific type of skillset.

Ease of Opening a Trading Account

Human beings have the tendency of always looking for the most convenient option. Most people, if not all tend to appreciate a low barrier of entry. When you are able to easily open an account online, it saves you the time you would have taken to physically go to the office to sign up.

Similarly, if you are not required to put up a minimum trading amount to open the account, it will give you a chance to first test drive the platform before making any long term commitments.

Mobile Support

In today’s world, it is crucially important to be able to use your tablets or mobile device to conduct business and check on your trades. This is because people spend more times on their phones and they constantly have their mobile devices with them as compared to desktops and laptops.

Before you go opening a cfd trading account, ensure that the provider has an application that permits you to trade via tablet or mobile devices. This would really come in handy in the long run.

Educational Support

This is perhaps one of the most significant factors to consider when getting a CFD trading account.  However, educational support is frequently ignored by both traders and platforms alike. If you want to succeed in financial trading, you need to have full knowledge and understanding of what you are doing. Unlike gambling, CFD trading in Singapore requires a lot of experience, skills and knowledge.

A good company should have industry experts who assist you in trading strategy and other skillsets. Some of the topics covered should include technical analysis, forex trading and algorithm trading among others.

The Platform Provided

Some of the key considerations when choosing a platform should be availability of tools and user experience. These should comprise of charting indicators, as well as customizable features. Other things your trading platform should have include automated trading and stop-loss features among others.

When choosing a financial trading account, ensure that you get one that best suits your needs. There is no right answer when it comes to choosing the best cfd trading account, it all depends with what you intend to do. Whether you intend on making a periodical investment or making more frequent trades in multiple asset classes, the best choice for a trading account really depends on your intentions.

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