Thinking of trading USD/SGD?
- 1. The economy of Singapore is a developed and trade-oriented one. The primary source of the nation's revenue is exports, especially chemicals, electronics and services and it is known for being a big importer of fabrics, iron, steel, motor vehicles, crude oil and aircraft. This booming economy makes of this pair a very interesting one to trade. 2. Singapore's strategic port makes of the country the world's second busiest in its cargo tonnage. This makes the country a very appealing one for investors and businesses alike.
Trading CFDs involves significant risk of loss
How would you like to trade USD/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 CFDs on Dollar/Singapore Dollar with Fondex. When you trade the USD/SGD, you are buying the base currency and, consequently, selling the quote currency. In this instance, you are buying USD and selling Singapore dollars.
1. The oil industry also contributes to Singapore's GDP, and 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. Any news regarding the Oil prices will affect this pair's performance. 2. Due to the fact that Singapore relies heavily on imports, the prices of raw materials and natural resources will play an important role. If the price of raw materials spikes up there will be an impact on the country's economy and consequently on the pair's price.
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'