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Old 28th March 2017, 08:00 PM   #1
adamsmiths
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Join Date: Jan 2017
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Location : India
Default Exponential Increase of Forex Traders in the Singapore

Singapore is an advanced country and people are very much active to earn their living. The economic performance of this country is pretty much stable and the GDP of Singapore is also increasing at a steady rate which clearly indicates is strong stability in the economic sectors. Nowadays due to the recent technological advancement, retail traders can also trade the forex market in Singapore. Not only this have many professional high-class brokers like Saxo has already started to provide their high quality serviced for the professional and retail traders in Singapore. Though there are many professions in the world but trading is considered to be one of the smartest profession since you can actually secure your financial freedom by trading the financial instrument and the sky is the limit for you potential income.

Rising popularity of forex: Forex was not so much popular in Singapore as it is now today. Most of the world class brokers even Saxo has now offered service to retail traders of the Singapore. If you can truly master the art of forex trading then there is no need to do 9 – 5-day job since you will be your own boss in the market and you can control your potential earnings. It’s not like that you will need a huge amount of money to maintain the high life standard of Singapore since most of the professional brokers are offering a high-leverage trading account. One of the most world class broker, Saxo is now offering 1:50 leverage to its client which means they retail traders can trade the forex market with relatively small amount of deposit. The professional brokers are also providing powerful trading tools and regular basis technical and fundamental analysis to the Singaporean citizen so that they can master the art of trading without any problem. So if you truly want to secure your financial freedom in the market then you should start learning the art of trading since you have all the resource to trade the live assets in the market.

Competitive trading cost: Have you ever imagined to start your own business in the market? If so then you must know that how costly it is to run your own business in Singapore. For instance, you can easily open a car shop in the USA but if you try to open it Singapore than it will be extremely difficult for you since the taxes are so high for the cars of Singapore. To be precise you need to pay a heavy tax in order to run your own business and make a huge amount of money. But if consider forex trading as your full time profession than you can easily make your life easier with outstanding offers of the reputed forex brokers.

Figure: Low-cost trading at Saxo
Compared to the offered service of Saxo they are actually charging pretty low to their clients. So if you want to start your own business why not forex since you have all the key ingredient just in front of you.

Vast online resource: If you truly want to master the art of forex trading then there is no need to spend any dime in the market. You can easily learn the art of trading from the vast online resources. There are many online books, articles and video tutorial which will help you to become a professional trader in the world. If you live in Singapore then you can join the Singapore trading community where you can get in touch with the professional forex trader and get valuable advice and information for your trading career.
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