Thinking of trading NZD/SGD?
- 1. The economy of Singapore is a trade-oriented one and it is very developed. Government-linked companies usually play a key role. 2. The oil industry contributes to Singapore's GDP. This has led to a boost for the nation's chemical industry as well as the manufacturing sector for the oil and gas equipment industries.
Trading CFDs involves significant risk of loss
How would you like to trade NZD/SGD?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade NZD/SGD with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. Value of raw materials and natural resources can have a major effect on the currency since Singapore heavily relies on them for export. 2. Chemical, electronics and services also play a major role in determining the value of the SGD, since they too are important for exporting. 3. It's stability is limiting it's performance as a trading pair, since there are not a lot of profits to make. Day traders will have to search for the more volatile times so that they can cover wider spreads and potentiate their profits. 4.High interest rates from New Zealand, together with monetary policy decisions involving exports will affect this pair's price and direction. Also, you will have to keep an eye out for the performance of the countries with trade partnerships.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'