How to get easy credit in Singapore?

If you want to purchase something and you are unable to pay cash for it then borrowing money could be the best way to get you money quickly. It is possible to borrow money in Singapore from banks or from money lenders in the form of loans. Personal loans can be used for home repair, child’s education, unexpected expenses or anything you need funds so here are 2 ways for Easy Credit Singapore

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  • You can take loan from banks. Although the interest rate of all the banks may vary from each other. Some banks may charge huge penalty fee. So you must be aware of all the terms and conditions before taking a loan from bank. There are certain criteria and requirements that are important to be filled while taking a loan from bank. It requires more paper work.

 2) If you are in need of instant cash, than there could be no better option than borrowing from money lenders. Be assured you take loan licensed money lender Singapore Singapore (IPTO). These licensed money lenders provides you money in easier and quicker way. Unlike banks, it does not require much paper work. Although the interest rate may vary from one another

The licensed money lenders in Singapore also have some general criterias.

Few of the licensed money lenders in Singapore are:-

  • CREDIT HUB CAPITAL PTE. LTD
  • CREDIT EXCEL CAPITAL PTE. LTD
  • 101 CREDIT PTE. LTD

And there are many such licensed money lenders from whom you can borrow money. When you select a money lender you need to go to the office with few documents such as contact details, employment status, salary slip and other necessary documents. In Singapore there is a range of loan options which include personal loans, payday’s loans, foreigner loans etc. Borrowing money from a money lender in an urgent situation could be a smarter move. According to rules and regulations the lenders are not allowed to disclose any information about their borrower, so you need to get worry while borrowing money from a money lender. Before getting up a loan, one must be clear of the reason of taking loan and able to fill in given period.

A quick guide to day trading forex and scalping

Day traders are traders that use a set of strategies requiring them to open and close a trade or even multiple trades within the same day. This is HARD WORK, it often requires you to sit in front of your screen for extended periods of time through the session.

Is it for you?

In day trading, given that the time frame is so short, there is little room for error. This means it is more essential than ever that you stick to your trading plan and your trading rules. Mistakes on these shorter time frames can be costlier, especially because these errors could also happen very frequently, given the frequency of trading. This in itself can have a very damaging impact on your profits. So, it is worth thinking hard whether this is the route you want to go down. Do you have the time? Are your personality traits akin with this type of trading?

A day traders best friend – Volatility & Liquidity

Volatility refers to the size of market movements. It is impossible to make any gains from a sideways moving market. And less so when you are trying to make multiple gains in a day.

The need for high volatility suddenly means that the number of markets available for you to trade has decreased significantly. Also, be aware that each pair will also have varying volatility depending on the session. For example, GBP/USD will be quieter, with less liquidity during the Asian session, rather the London or New York Session.

Liquidity refers to the volume in the market. When there is good liquidity, the chances are you will get a precise fill. However, when liquidity is lower, fills aren’t always spot on the order price.

For day traders, a slip on a fill can make the difference between a successful trading day or not.

Therefore, when choosing forex pairs to trade, chose volatile pairs with good liquidity and know when in the session you can expect to have more or less liquidity.

Scalping

Let’s take a brief look at one of the most popular day trading strategy, scalping

Scalping– this strategy looks to book profits on the smallest of prices changes. There is no time to do a proper analysis on each trade. Traders often scalp on a gut feeling that the trade will go up or down. Scalpers often trade many times in one minute, the idea being to make lots of little profits. High frequency trading is needed to balance out the small reward from each trade. And most importantly you must have a tight risk management system otherwise one loss can wipe out all the smaller profits.

Execution speed is essential for this strategy so its important that you think carefully about which forex broker you will use. Slow execution and you’ve missed your opportunity. iReview Brokers is provide list of Australian  forex broker. It is a true ECN broker meaning that its pricing, spreads and execution are second to none and renowned in the industry. Whilst there are some brokers, which don’t like their clients scalping, iReview Brokers helps to encourages its clients to use the trading strategy which bests suits them, the client.

Thinking Of Trading Exotic Currencies?

The vast majority of traders will start of their forex trading journey trading major currency pairs. These are the most traded currency pairs in the world and include pairs such as the Euro versus the US dollar EUR/USD, Japanese Yen versus US dollar, JPY/USD and Australian dollar versus the US dollar AUD/USD among others. Major pairs include the US dollar against another major currency and are characterized by high liquidity and tight spreads.

After gaining some experience some trades will feel the need to experiment. This can sometimes mean a shift of focus towards exotic currencies.

Exotic currencies

As the name suggests, these are currency pairs which are not frequently traded. These are currency pairs which often involve the US dollar versus a currency from the developing world, often Asia, Africa or South America. For example, the US dollar versus the Mexican peso, the Russian Ruble or the Turkish Lira.

High volatility

These pairs in general are not closely followed by analysts and are not heavily traded making them notoriously illiquid. The developing world currency is often linked to a country which experiences economic or political uncertainty and instability this increases the instability and volatility of the currency.

However, this high volatility is what can attract the eye of some traders. Keeping in mind the adage “high risk, high reward”, some traders can erroneously believe that trading exotic currencies could be an easy way to make a quick buck. This couldn’t be further from the truth, there is a much higher chance of a quick dabble in exotic currencies wiping out a large percentage of your account than helping make a fortune. A move into these pairs must be for the right reasons and with a solid amount of information over what you are trading.

These are the key disadvantages to keep in mind if you are tempted to move into exotic currency pairs:

Expensive to trade

Given the low liquidity of exotic pairs, they often have a very wide bid / offer spread. Whilst major pairs often have a spread of just a few points at the very most, exotic pairs, on the other hand can commonly reach a spread of 50 points. Given that the spread is a principal cost involved in trading, the higher this cost is, the more it eats into any potential profits.

Secondly given the highly illiquid nature of exotic currency pairs getting in and out of trades can involve large amounts of slippage. This adds to the expensive nature of trading these pairs.

Lack of information

With so few trading and following these currency pairs, analysts and researchers don’t spend a great amount of time on them either. Research tends to be limited and the research that is available can often have a significant bias to it. This makes doing research for trades extremely challenging and then it’s difficult to know whether you can trust the information you do have. In such circumstances it is tempting just to drop the trade.