MoneyDigest - Personal Finance, Lifestyle, Money Saving Tips

Things that you need to learn as currency trader

If you want to stand in the financial market, you should be a brave person. You might be wondering what bravery has to do with trading. Of course, courage plays a vital role in trading. We will cite an example to make it more transparent if a trader hesitates to enter into a trade how he or she can trade the market? Moreover, this is a volatile market if you don’t bear the risks or if you don’t handle the risks, you cannot survive. The bottom line is you should be brave enough to trade the market successfully. The Singaporean traders are highly successful due to their braveness in trading the market. If you consider the Singaporean traders, they never hesitate to enter into a trade or they never think twice about trading the market. Facing losses is also part of trading so the trader should be able to accept it. Trading will be simple if the traders look at easily. If the traders look at the market as if it is complex then definitely it will be. The fault is in the gaze of the traders. Let us read to learn more.

Market information should be learned

You are not the only trader in the market, so the competition is high. You need to compete with other traders to become successful in the market. To become successful traders, you should learn the market information thoroughly. You should make sure to learn the market news, financial news, market changes, market movements, economic changes, etc. to trade successfully. It is evident that the news impacts the market profoundly when the market is affected it will be a significant impact on your trading career. So, as traders, you should not be neglectful regarding the market. You should be a trader who does not want to see market surprises meaning you should be attentive regarding the market changes. If you study the changes, you will not know even if the value of the currencies changes so how can you also trade? As CFD traders you should bear in mind when trading CFDs the changes in the currency value will impact a lot on your trades. You should be up-to-date with these factors to become a successful trader.

A wise trader has a bright career

A knowledgeable person will lead a successful life so likewise, a wise trader will have a brilliant career. When the trader is wise he or she will not let the market to fool so the trader will collect the details regarding the price movements. When the trader knows what the market has prepared trader can make the wisest move.

Do not waste your emotions

There are three things a person should never waste. These are food, water, and emotions. So as traders; you should not waste your feelings. The market does not mind even if you lose a win it will move according to its wish you should be intelligent to tame the market.

All the novice traders had to face an extreme level of difficulty in the early stage of their trading career. They don’t know how to deal with the market dynamics. In fact, the majority of the traders think that this market is easy to trade and thus trade with big lot size. Some even start trading with high leverage account to make a huge amount of money from a small trading account. Every single one of them blows their entire trading account within a short period. So if you want to avoid such situation then make sure that you are not taking unnecessary risk.

Learning is a continuous process for every full-time trader. You need to make sure that you are well aware of the global economic factors or else you will find yourself in a miserable condition. Read the financial news to assess the economic performance of the country.

Coolest Places For Friendly Hangouts In Singapore

Are you looking forward to spend quality time with your childhood friends or co-workers? With a budget of S$25 or less, here are some places that you may enjoy.

FOR THE FOOD ENTHUSIAST

Nothing beats a simple gathering that ignites your love for food. Taste the various flavors that Singapore hawker centres offer by hopping into different stalls. Catch up with your beloved friends while you dine at the best yet affordable eateries. Five of the most famous hawker centres include Chinatown Complex Food Centre, Old Airport Road Food Centre, Maxwell Road Hawker Centre, Tiong Bahru Market Hawker Centre, and Chomp Chomp Food Centre.

FOR THE FEED-CONSCIOUS

Embrace the seemingly crucial part of the modern age by delighting your “Instagram model” friend with a visit to Haji Lane. You can expect to take vibrant photos as you are backed by graffiti walls and vintage boutiques. Immerse yourself with the eccentricity of the place as you go window-shopping with your friend. When you are done posing and strolling, you may grab an Eisky Fabulous “smooshie” (combines slushie and smoothie in a cup) for only S$3.50.

FOR THE FIT WARRIORS

One of the most beneficial exercises for your cardiovascular system is swimming. If you and your buddies are into cultivating your physical health, showcase your strokes at the public swimming complex. Said complex is less crowded than Adventure Cove. Furthermore, the entrance is way cheaper! The entrance is about S$1.50-2.00 for adults and S$0.80-1 for children.

Image Credits: pixabay.com

Some of the top public swimming complexes include Jurong & Sengkang Swimming Complex.

FOR THE ANIMAL LOVERS

Singapore houses some of the world’s rarest turtles and tortoises in a convenient place. The Live Turtle and Tortoise Museum lets you get up-close and personal with the Matamata, Snake Headed Turtle, and Alligator Snapping Turtle among others. Admission to museum is about S$5 and you can pay an additional dollar for bucket of animal food.

FOR THE TREE-HUGGERS

Although farms are a rare sight in Singapore, there are still some of them in the concrete jungle. Tucked away from the hustle and bustle of the city is the Bollywood Veggies. Enjoy the 10-acre exploration of the floras and faunas to build appreciation about the food sources. It is a rejuvenating experience to stroll and dine at this haven on earth.

Image Credits: facebook.com/pg/BollywoodVeggies

Admission to the farm is amazingly free!

Sources: 1 & 2

Mileslife has recently entered into a partnership with American Express (‘Amex’) that is set to accelerate your KrisFlyer miles earning! This partnership applies to both the American Express® Singapore Airlines KrisFlyer Credit Card and the American Express® Singapore Airlines KrisFlyer Ascend Credit Card. These are 2 of the most popular credit cards for anyone looking to collect KrisFlyer miles.

For starters, Mileslife is only lifestyle+travel mobile app which allows members to earn their preferred frequent flyer miles from everyday spending such as dining and lifestyle activities at over 2,000 merchants on top of their credit card miles. Merchants range from popular F&B outlets such as Crystal Jade to international hotel chains such as Capella. The miles will be credited into the airline loyalty programme of your choice within 3 to 5 business days as long as they are a partner of Mileslife. Remember that these miles are on top of the regular miles that you may earn with your existing credit cards. So here are more details on how you can turbo charge your American Express Singapore Airlines Credit Cards with Mileslife.

Double Up Your KrisFlyer Miles

As a result of the partnership between Mileslife and Amex, you can potentially earn up to an incredible 10 KrisFlyer miles per S$1 spent on Mileslife! This is an unparalleled mile per dollar rate in the market at this moment. Honestly, collecting KrisFlyer miles have never been easier.

Follow these steps to enjoy this amazing mile per dollar rate.

Enter any of your American Express Singapore Airlines Credit Card into the Mileslife app so that they are captured in the mobile app.
Proceed with your transaction. The applicable miles vary according to the type of purchase or payment that you are going to make with Mileslife.
Simply select your American Express Singapore Airlines Credit Card before making any payment on Mileslife to double up your miles*!

*Do note that this promotion is for a limited time only and expires by 31 October 2017.

Earn Higher Welcome Bonus KrisFlyer Miles

If you are not an existing American Express Singapore Airlines Credit Card Member, there is an additional reason for you to sign up now. Exclusive only during this promotion period, new users who sign up for an American Express Singapore Airlines Credit Card through Mileslife will receive an additional welcome bonus of 2,500 KrisFlyer miles. This is on top of the 5,000 KrisFlyer miles that new applicants would typically receive upon first spend on the Card.

As an illustration, a new user who signs up for the American Express Singapore Airlines KrisFlyer Ascend Credit Card via Mileslife can earn up to 41,700 KrisFlyer miles with just retail spend of S$6,000. That is enough to redeem a Business Class round trip to Bangkok on Singapore Airlines!

Unique Bonus Code For MoneyDigest

Readers of MoneyDigest would be pleased to learn that there is an additional welcome bonus code for new Mileslife users. Here are the steps to earn more miles from Mileslife:

Simply download the app on Google Play Store or The Apple Store
Enter “MONEYDIGEST” promo code in the Mileslife App and spend a minimum of S$49 for your first transaction with Mileslife. (Click Account Tab>Click on Promo Code>Enter MONEYDIGEST>Apply)
Enjoy an additional 1,000 bonus miles credited to the airline loyalty programme of your choice within 3 to 5 business days!

With Mileslife, collecting air miles have never been easier and faster! Your next wanderlust could be just a few clicks away.

4 Budget-Friendly Halloween Events For The Entire Family

Halloween in Singapore is nothing but SPOOKTACULAR!

Embody the festive spirit without breaking the bank by searching for free or affordable activities within your community. You will not believe how many there are out there!

1. NIGHT AT THE MUSEUM

Immerse yourself in a world where Asian superstitions and beliefs come to life as Asian Civilisations Museum brings you the “Horror Mash Up”! This annual event includes activities and performances inspired by their stellar collection. Expect to hear haunting tales, to strike eerie poses at their dress-up booths, and to make your own spooky souvenir. Activities will run from 7:00 pm to 11:00 pm while the museum operates until 12:00 midnight.

This FREE event, ideally for your teens, is set on October 28.

Location: Asian Civilisations Museum, 1 Empress Place, Singapore 179555

2. TRICK OR TREAT

No Halloween celebration is complete without “Trick or Treat”. A massive gathering awaits at Woodlands Woodgrove. With your costume, you can roam the neighborhood from 5:30 pm to 8:00 pm (or until the treats run out). Kids of all ages along with their parents will come together to make the most of this day.

Do not forget to mark your calendars on October 31! Joining the exciting event is free, but you can donate to its sponsors.

Location: Woodgrove Neighbourhood (refer to the map)

Image Credits: streetdirectory.com

3. LITTLE MONSTERS’ PLAYGROUP

Are you looking for an event that lets you bond with your adorable ones? Look no further as Australian International School brings you the “Halloween Playgroup”. Toddlers to children aged 5 are all welcome to dress as magical and mystical creatures. The activities lined up for your little (and beloved) monsters include dancing, games, and storytelling. If these sound fun to you, book your spot here!

This FREE event is scheduled on October 17. Registration starts at 9:00 am.

Location: Australian International School, 1 Lorong Chuan, Singapore 556 818

4. FOR MOMS AND BUBS

Shine in your most creative costumes with your baby to win attractive prizes from Bove! Bove by Spring Maternity’s “Halloween Dress-Up Party” includes the following highlights:

a. Tea Party with Popcorns & Cotton Candies
b. Photobooth experience with instant printouts
c. Crowning of the Best-Dressed Halloween Baby and Toddler, as well as
d. Goodie bags from the event sponsor.

This is the only event on this list that lets you pay for the admission, but fret not. Ticket are sold at S$5 each. Oh! Babies 12 months and below are free of charge.

Location: 3 Temasek Blvd, #02–728/729/730, Suntec City Branch,Tower 4, Singapore 038983

Image Credits: pixabay.com

Sources: 1 &2

5 Dollar-Pinching Strategies For Halloween

The spooktacular time of the year will grace our calendars once again. Halloween festivities is just around the corner. Are you ready? Many Singaporeans love this event and hate the price tags attached with it.

Let us be honest! It is easy to mindlessly toss some items into your cart until you reach the cashier. As you dig in your wallet for payment, you may regret some of your hefty purchases. Certainly…there is a better way to celebrate this eerie event!

1. DECORATE IT YOURSELF

What makes Halloween unique is its spooky aesthetics. For a flat or an establishment, you can expect to spend around S$100 to transform the it into a stellar space. This price includes fake spiderwebs, vibrant inflatables, dangling decorations, and other appropriate ornaments. Lower your expenses by purchasing decors at the dollar store or by making your own decors.

Drop by the nearest dollar or discount store to collect basic decorations and supplies. You may unleash your craft bug by revamping small ornaments into massive centerpieces or wall decor. For instance, you can create a lasting impression by pasting “monsters” on your door. Use thick and colorful papers to cut the face, nose, eyes, and mouth. Let your children help you when it comes to creating the silly-looking monsters!

2. SAVE ON COSTUMES

There are two primary ways to spend less on a Halloween costume. You can either raid other people’s wardrobes or use the items that you already have. The former tip highlights the common dilemma of parents – underused costumes. So, ask your friends and family members if they are willing to lend their previous costumes for free. Just ensure that you or your child will keep it in good condition throughout the day.

The latter tip focuses on your artistic prowess. Take a look at your children’s closets as well as your own. Key items such as hats, belts, scarves, and over-sized shirts may be used as funky costumes. Use this list to get an idea.

3. CHOOSE AN ALTERNATIVE

No Halloween celebration is complete without giving out tricks and treats. In the market, there is a wide variety of candies and chocolates that you an choose from. You must not pick out the biggest bag of assortments that you can buy! It is wiser to shop around. It is usually cheaper to go for fruity and hard candies than chocolates.

Image Credits: pixabay.com

Furthermore, buying sweets in bulk is cheaper at Value Dollar or Daiso. Walk the ailes of these discounted shops with a set budget in mind. Know how much you are willing to spend and stick firmly by it. Other alternatives for sweets include stickers and glow-in-the-dark bracelets.

4. SCORE FREE ACTIVITIES

If your budget is too tight for hosting spooky parties and you want to immerse yourself with the festive spirit, search for no-cost activities within your community. You will not believe how many there are out there! Said parties are generally organized by community centers, schools, museums, and parks.

Start by finding events on the local newspaper or the Facebook pages. I found one by visiting the Asian Civilisations Museum’s page directly. On October 28, ACM shall host a “Horror Mash Up”. This is an annual event which includes activities and performances inspired by their galleries. Activities will run from 7:00 pm to 11:00 pm while the museum operates until 12:00 midnight.

5. TEACH VALUABLE SKILLS

It is impossible that your kid will like everything inside his or her loot bag. There is bound to be some organic popcorn or sour gummy bears that your child may not be interested in. This is a good opportunity to learn the value of negotiation.

After they have accomplished the trick-or-treating, encourage your children to trade with each other (or with their friends). Swapping their sweets can help determine how much they value a particular candy or chocolate. Is a Snickers Candy Bar worth three fruity lollipops? See for yourself!

Sources: 1, 2, 3, & 4

Market information should be learned

A wise trader has a bright career

Do not waste your emotions

Search the site