Anyone trading from Singapore?

Quote from bstay:

All these questions should be answered in that firm's ad, or a simple phone call to their sales guy. Are you leading up with your second post to give us more details? Your questions have all been dealt with at these threads, http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=15 and the same answers are provided there under various sub-threads .... ad nausem. Please, just give them a phone call instead of opening blind discussions without actual facts. MAS has different rules regarding margin requirements (for various instruments) and we don't have PDT requirement for minimum $25K equity deposit for stocks daytrading like in the USA. Singapore has 0% capital gains tax so any reference or answers comparing to US Prop firms are not relevant. I might suggest you post your question at http://www.sgfunds.com/index/ which are wholly Singapore topics.
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Thank you very much bstay :)
 
Anyone here local at SGX-DT? Please be so kind to send me PM. Would like to discuss current options for trading in Singapore. Thanks in advance.
 
Quote from Jun:

Dear All,

I am not a trader, have 0 experience and trading backgroun with no fianacial/economics background, not even a graduate...

I had bumped into an advert by a local prop trading firm wich is hiring recently and that had sparked my interest in trading(totally clueless how it works...)

Had been reading up and I found this forum today. The firm which had posted the offer did not state any requirements and they offered a 6mths part time course for the chosen candidate(s) who then had the chance to trade the firm's account...

Of course I doubt they will allow someone like me to "play" with THEIR money!

I would appreciate if senoirs here could help me with some queries...

1) would there be a fee for the course for those who are qualified?(any common practice of charges?)

2) do we need to open an acct. ie. with certain min $um with the firm?

3) what type of people are they looking for? (will they ever hire non-degree holders with 0 experience...)

4) How do i start trading on an individual basis if i had really decide to go for it and how much capital do i need...?

Many thanks for you time taken to read this and deeply appreciate for your kind efforts on any replies...

Regards
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Jun ,

Can answer all your above questions & more but it will in person.


Tsaw
www.TradersRoundTable.com.sg
Community of Traders – Investors
 
Quote from hwlm:
Hi Jun,
May I know which firm's advert you saw? Is it 6 Capital?
Btw, I keep a trading journal on forex trading. Feel free to read up when you're free ;)
http://myforextradingroom.blogspot.com/
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interesting blog you have. do you trade full-time? what are your training in forex? self-learned or KishoreM or Chris Lori or OTA Singapore? etc.
 
Nope, i didn't take forex course from any of the ones you mentioned. Kishore is crap.

I did take one in Singapore though, but I gave up on it long ago. I learnt this trading method a few months ago, and improvized on it to make it my own. I take 1-2 trades per day, usually on H1 timeframe.

How about yourself?
 
Quote from hwlm:
Nope, i didn't take forex course from any of the ones you mentioned. Kishore is crap.
I did take one in Singapore though, but I gave up on it long ago. I learnt this trading method a few months ago, and improvized on it to make it my own. I take 1-2 trades per day, usually on H1 timeframe.
How about yourself?
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Can you mention the actual price, or aggregate price, on your entries in your blog? Quite hard to tell where or when you entered a trade before you said you hit your 20pips or 50pips target. Entry and Exit price would be nice if you mention them. Thanks.
 
Quote from hwlm:
Btw, I keep a trading journal on forex trading. Feel free to read up when you're free ;)
http://myforextradingroom.blogspot.com/
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Finally took profit for EUR/USD today. 50pips TP.
Entry Date: 31st May 2011
Entry point: 1.44106
Exit point: 1.44601
6-2-2011+10-31-34+PM.png


I'm curious, if you entered the trade on May 31st at 1.44106, didn't you have to sit through almost -104pips of drawdown on that peak low on Jun 1st 5:15pm New York time? Nice job with the +50pips take profit. Do you have a stop loss when you entered the trade?
 
Entry: 131.704
Exit: 131.488
Result: 21pips!
6-6-2011+10-37-32+PM.png


This is from your latest blog post. How much stop loss did you give for GBP/JPY to score this 21pips?
 
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