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Hi sinkie do you use technical analysis to evaluate local counters?
That's just part of my analysis
Hi sinkie do you use technical analysis to evaluate local counters?
which online trading platform is the most recommended so far?
I have a novice question.
The trade commissions eg cimb is 0.275% or min 25 dollars.
Lets say I execute 10 trades for a day. Do I pay the cost for 10 individual trades or a consolidated charge for all 10 of them?
If its 10 trades of the same direction (buy or sell) and same counter on the same date then it's consolidated as a single contract before applying the 0275%
Just opened a trading acct with SCB. Noob qn, how do I engage a broker ah?
any idea where to learn stock trading tutorial?want to learn something while waiting for school to start hehehe
Maybe you wanna wait for Cimb? They will be launching a new platform soon. Will keep everyone update here
I see, thanks! What's the ETA? Sometimes new platform quite scary. Untested and bug-ful.
wow what program is this?
I wish to open a stock trading account but i'm a student (23 yrs old), thus no fixed income monthly.
May i inquire which trading firms in singapore do not look at monthly income statements and still permit to trade since i do not fall under the young investor category as well.
I have a beginner questions.
If we trade using online platform, what is the role of a broker assigned to us? Does the broker have the authority to override our decision in buying or selling certain stocks?
if anyone still have doubts regarding how to open your first trading account, feel free to ask any questions here or pm me also can
Agreed with you completely. If the broker doesn't like you he can do this.
One time he freeze my account limit so I couldn't sell.
I get punished when he actually made a wrong sell order. Nothing is fair in this world
Don't mess around with brokers cause they can be more powerful than the Lay person. This isn't America it is Asia
That's why it's always important to have at least 2 brokers. Always try to keep in touch with your broker. Constant communication is important even if you don't trade much.
If you haven't or never receive anything from him except forwarded email, then it's time to change broker la.
Brokers are like your chauffeur, some drivers like to be fetched, some like to drive themselves, but when there's time your car needs petrol top up or maintenance checkup, then it's time your chauffeur comes into play and support you all
No point paying your chauffeur to sit at home while u do your own driving. When u r drunk, call chauffeur, when you are oversea, call your chauffeur, when the car run out of petrol, call your chauffeur, when your car break down, call your chauffeur even if u like to drive yourself
Every clients will have their own brokers, even if its not an individual broker, there's also a team of brokers supporting you.
Get your broker msn, Skype, whatsapp, email and whatever mode of communication la
When the platform goes down, u have to call them to sell for u
When u need special arrangement to pay or receive money, call them.
When u need help on the platform, call them.
When u need receive funny looking letters from sgx or your shares, call them
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u were saying end of the day is the broker plays an important part. meaning to say with the cimb platform, a broker would still be needed.
yes, you are correct.
Not only cimb,but it's the same when u open an accounts with any of the local brokerages firms(except Standchart).
Alot of retailers thought they are independent and have never heard from his broker before and assumes that he doesn't have a broker but in fact maybe because they are smaller fishes and so some brokers usually don't pay any attention to them or maybe because their brokers are lazy and bochup but still he will get a cut of the commission transacted when you does any buy or sell.
I want to trade on my own and so i don't need any broker and so can I pay a faction of the commission?
You will still be paying the same commission when u key the trades yourself on the Internet. This is industry practice. Even if you say you won't be assigned a specific broker, there will still be a team of brokers serving you to key trade when u call in + chase payment from you and commission will still be charged the same too
When u call in to get a broker to place trades, the commission fee will twice as much as when u key trades by yourself
I don't want a broker, can't I just key the trade myself?
Yes, you are still able to key the trades yourself via the online platform even if u have a broker.
Under exceptional case like when the web platform goes down, you can call the broker to give n still charge the online rate.
Or else it's always offline rate when a broker key trades for you
Never mix investment with insurance.
Investment is investment.
Insurance is insurance.
My advise. Invest in REITs. With $5000, you can buy:
- 3 lots of Mapletree Industrial Trust (6.6% yield)
or
- 4 lots of First REIT (5.2% yield)
or
- 5 lots of Starhill Global REIT (5% yield)
The next step is equally important. Save up that $100 per month. If u can, try to save even more. When the market corrects, you can average down.
That is how I am getting my passive income.
Good luck!!!