Doing proper technical analysis in Singapore FX trading

Guest post in our financial series. Enjoy! – Kimberly

When it comes to trading, technical analysis is one of the essential tools you can use. By studying charts and indicators, you can better understand what’s happening and make more informed trading decisions.

What is technical analysis?

Technical analysis studies price action to find patterns and indicators that give traders an edge in predicting future market movements. Technical analysts are when all publicly available information is already factored into a security’s current price, so they look at charts and indicators to determine where the market might be heading next.

However, not all technical analysis is created equal. To be successful when trading FX online in Singapore, you need to use proper technical analysis techniques. Tips to get you started:

Use candlesticks

Candlesticks are popular ways to analyse charts. They offer a significant amount of information and can be used to identify patterns and trends. When analysing candlesticks, it’s essential to look at the body and the shadows. The body is the section of the candlestick that’s not the wick, and it tells you whether the market closed higher/lower than it opened. The shadows show the high and low points for the day.Continue reading

TRAVEL, LIVE, WORK, INVEST & RETIRE IN SINGAPORE

 

Contributed article in our business series. Enjoy! – Kimberly

One of the many benefits of travel is it gives you the opportunity to explore the amazing variety of cultures around the world. The thrills, adventures, and experiences that traveling offers make the long or short hours on the plane worth it.

Singapore is one of the many countries around the world that is known for its high-tech infrastructure, rapid development, and economy. Hence, it is not surprising to see lots of people around the world wanting to either travel, work, invest or retire in this country.

In this post, we will give you a quick guide to traveling, living, working, investing, and retiring in Singapore.

Home Options in Singapore

Unlike many countries, most people in Singapore live in condos. This is not degrading in any way as this is the norm in here; especially if you are looking to rent a home in the inner city. If you go for new apartments, there is a huge chance that you will also have access to playgrounds, function rooms, pools, and gyms there. You may have to move out to the suburbs to rent a single home though; and keep in mind that these homes do not have gardens — and in most cases, they even don’t have backyards.Continue reading

Exploring Your Pension Options When Close to Retirement

Contributed article in our business series. Enjoy! – Kimberly

Everyone is going to get to the point of having to stop work and retire. However, many aren’t equipped for what that means in terms of the pensions pot they’ve been building over the years. Portafina has put together advice for individuals that are fifty-five and thinking about taking out pensions soon.

What Are Your Options? Continue reading

Investing in 2019: Do You Really Need It? This Will Help You Decide!

Contributed article in our business series. Enjoy! – Kimberly

Investing has long been the favourite of many with some spare cash. As the years go by and investment trends change, we still find ourselves asking the same question: is this a good investment year? This is because our society and lives are always changing, meaning that opportunities for investments are changing, too.

In that spirit, it’s time to ask the same question again. Is 2019 a good year for investing? If so, on what front should you invest? People who have been in the game long enough will tell you that the opportunity to invest is better or worse, according to the market you’re aiming for. It’s always safer to do your research thoroughly before you start investing in anything. Investing isn’t for everyone, and you should be able to make an informed decision before anything major happens.

1. Pay off your debt

If you’re in a good place financially right now, it may be a good time to think about paying off your debt. The safest invest is always in yourself and your future. 2019 is the year of many debt paying options, allowing you to safely and securely get to your clean slate.Continue reading

Finance Strategies For Beginners

Contributed article in our business series. Enjoy! – Kimberly

The key word in life when talking about our financial state is investment. Simply put everyone should and could do it. A lot of people can make a lot of money from this very broad activity. The most common problem we encounter is the false presupposition that investing is impossible for the inexperienced beginner. Those kinds of concerns, especially in today’s abundance of information and investment opportunities, are unfounded. Anyone can understand the basics and move on from there. The trick is to get started as soon as possible. With whatever we currently can. In this article, we will go over the basic principles that go into all financial endeavors.

1.    Knowing the Terminology

We do not need much to get started on our own investment journey, but we do need to know all the necessary terms. So, let’s go over the most basic ones to make our life easier down the line.Continue reading

How Is Internal Rate of Return a Key Element In Making Financial Decisions

Contributed article in our business series. Enjoy! – Kimberly

Every business aims to achieve a considerable growth rate, and it can be scaled by making the right business decisions. Growth can be expected out of a change in plan i.e. diversification of business activities. This can be achieved by investing in new projects and new developmental opportunities.

What affects this crucial decision is the Internal Rate of Return (IRR) of the enterprise. It is the effective annually compounded rate of return at which all the cash flows associated with a particular investment comes to zero. Let’s have a quick view at how IRR helps you in making life-altering business decisions.

  • Helps in choosing the best project

An organization can have several project ideas to invest in, but it’s wise to select the best fitting investment option which yields better results. IRR helps in analyzing all the project values and provides you with an idea of expected yield from it. An ideal IRR exceeds the cost of capital of the company.Continue reading

Investing in an Idea You Like Will Always have Good Results

Contributed article in our small business series. Enjoy! – Kimberly

Everybody is aware that they need to invest in something that will become sustainable and profitable in the long-term. But not many people have wondered what does this exactly mean. The world is full of ideas, but not all of them provide good results. The greatest ‛wisdom’ you’ll hear is that you shouldn’t invest in an idea, but in the person behind it. This also has numerous misinterpretations – people tend to think that that person needs to be wealthy and equipped with lots of influence and connections, but that’s not entirely the point. The indicator for your investment should be your relationship to an idea – do you like it or not. Although it sounds suspiciously subjective, if an idea feels right and you’re attracted to it, you should go for it.

The funding landscape of startups is not what it was fifteen years ago. Many new funding options are under development, providing more ways than ever to get the ideas off the ground. That means almost everyone is able to invest in the next unicorn if they play it right. People always talk about the important questions of investing in an idea – does it address particular problems, do target consumers need it, and are they able to afford it. While the perfected pitch that answers all these questions is desirable, it is not the only indicator. Your personal hunch can sometimes provide you with better results than any analysisContinue reading

3 Financial Tips for New Entrepreneurs

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

As a new entrepreneur, you’re likely learning a lot about money. This is because as opposed to working and earning a salary, you’re actually the one who has to hire workers and pay their salaries amongst other things. As a new entrepreneur, it’s imperative that you get good at finances whether you happen to be an accounting major or not. This is because knowing where your money is going, how much value it’s bringing you and how to make it work in your favor is essential as a business owner. On that note, this article is going to explore a few financial tips for new entrepreneurs.

Learn to Budget

When it comes to successfully managing finances, budgeting is key. It’s imperative that you’re able to work with what you have without continuously going over your budget. Continue reading

How to Fund Your Start-Up

Contributed article in our business series. Enjoy! – Kimberly

Start-up culture is something that has been defining the business world in recent years. With hundreds emerging every day, people are quickly discovering what it is like to take the reigns in their own business. Unfortunately, lots of these start-ups don’t make it past the first year. This is usually down to a lack of funding to kickstart their business. While it can be easy to give up when this happens, you shouldn’t let finances get in the way of owning your own business. Luckily, there are many ways you can find this funding that is more sustainable than taking out countless loans, which will soon see you on the way to success.

Personal Savings

Lots of people choose to finance their start-up with their personal savings, which can give them a great sense of achievement and independence. However, not everyone is in a position this fortunate. When this happens, you can top-up your savings until you have enough to fund the first few months of your business. Keeping your day job and following savings plans are a great start, but you can free up more time to spend on your business by investing. Currently, stock trading has become the go-to, where copper trading is on the up again. The best copper stocks should be easy to navigate when you become used to the world of trading.Continue reading

Ways To Finance Your Business

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

The number of people who are choosing to start their own businesses and work for themselves is growing and every year more and more entrepreneurs are choosing to leave their current employment and try something for themselves. Some will fail, but some will succeed and never giving up is an appropriate attitude to have in terms of looking forward to the future of your business.

One thing that all companies need, however, no matter how big or small, no matter how new or old, is financing. Although it’s possible to start a company with little to no money, if you really want to make a splash and be successful more quickly, you will want to have some form of capital behind you. If you’re currently hoping to start a business (or expand an existing one) and you’re wondering where you might be able to find the money to do so, there are a variety of different ways that you can raise the cash and become the business owner and leader that you want to be.Continue reading