Genting Sing    Last:0.735    -0.01

GenSp starts to move up again

You are 23, pharoah88 is 22 and I am 85... hahahah !!!

bladez87      ( Date: 26-Oct-2010 10:52) Posted: how old are you pharoah. pharoah88      ( Date: 26-Oct-2010 10:01) Posted: BT, is the (sibor + 1%) rate based on a minimum transaction quota per month

 

commission : about 0.20%, financing about 2% to 3% for CFDs

badbad2000      ( Date: 26-Oct-2010 10:49) Posted: what is the CFD charges and minimum requirement to open? BullishTempo      ( Date: 26-Oct-2010 10:42) Posted: Are you trading CFDs or shares? I am not familiar with share brokers, because I only trade CFD

 

looks like today not much movement liao. maybe i should really try a little on intra day trading. 

 

how old are you pharoah.

pharoah88      ( Date: 26-Oct-2010 10:01) Posted: BT, is the (sibor + 1%) rate based on a minimum transaction quota per month ? BullishTempo      ( Date: 25-Oct-2010 23:17) Posted: It offered me the lowest financing rate so far, sibor +1%. But MF Global called me and say if I don't switch broker they will lower the financing rate for me also. LoL... so I wait and see now..

 

STI Down 0.1%; SGX Off 2.6%;Consolidating

Tags: ASX | DBS | OCBC | SGX | UPP Holdings

WRITTEN BY DOW JONES & CO, INC

TUESDAY, 26 OCTOBER 2010 09:50

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail STI down 0.1% at 3177.58 after briefly trading in positive territory at open; index likely consolidating with mixed regional cues, also after Monday's 0.3% rise took it close to psychological 3200 level, which analysts see as hard to overcome.  Trader at local brokerage says there’s “nothing much happening;” focus still on SGX (S68.SG) with analyst reports coming out after news yesterday of its merger bid with ASX.    Says today’s reaction likely “more considered,” shares’ 2.6% fall to $8.72, shows view of deal not too favourable. DBS (D05.SG) off 0.7% at $14.50, OCBC (039.SG) down 0.2% at $9.07, UOB (U11.SG) +0.3% at $18.72; trader says interest in banks to be strong ahead of 3Q results starting next week amid ongoing concerns over effect of low Sibor on profitability.    392 million shares traded, worth $318 million; gainers, decliners fairly evenly matched; support at 3148, last week's low.

 

what is the CFD charges and minimum requirement to open?

BullishTempo      ( Date: 26-Oct-2010 10:42) Posted: Are you trading CFDs or shares? I am not familiar with share brokers, because I only trade CFDs pcxiao2008      ( Date: 26-Oct-2010 10:21) Posted: BT, may i check with you which brokerage firm is good and the fee is low..as i find that POEMS is not so good nowadays.

 

thanks BT!

wow MF Global's rates are very attractive.... you must be a big client for them to give you such good terms

from website, it seems that IG Market is abit more expensive... commission 0.2%, finance sibor +/-2.5%

BullishTempo      ( Date: 26-Oct-2010 10:41) Posted: MF Global called me at 9am, just after I made my donation, lol.  New commission rate : 0.165 %  New financing rate : sibor + 2% This is the lowest commission rate among all the DMA brokers, but financing rate not lowest. Also MF Global don't provide very good charting tools, and the trailing stop loss not very good. So I am also signing up for IG markets so i can use their Intraday charting.   eastcivic      ( Date: 26-Oct-2010 10:11) Posted: BT, when MF Global get back to you regarding the revised financing rate, can you please share it here? i am currently with city index, but i'm thinking of signing up with either MF Global or IG Market...... Saxo is too expenisve for me :(

 

came across  several  not-financial-savvy  millionaires bankrupted by  bankers' bad recommendations.

They would still be millionaires today if they had not met their sales bankers.

pOOr  mIllIOnaIres    . . . .

artng25      ( Date: 26-Oct-2010 10:31) Posted: I always believe it should be about solving the customers problem and not first your own problem. Profits, as far as possible should be ensued and not pursued (at least not all the time). Do it right and $$$ will just flow in. Those who realize this will be off to a good start..... The success of Microsoft, Apple  are good examples. I am so wary of agents/'bankers' who call themselves financial advisers when many are in fact as pharoah88 puts it,  just 'financial sales persons' out to make a comm rather than truly concerned about your well being pharoah88      ( Date: 26-Oct-2010 10:10) Posted: Bankers make money for the banks and themselves [in terms of commissions, bonus, incentives et cetera] at the expense of customers. Singapore banks mainly made profits from loans [like Loan Sharks]  rather than on  providing profitable investment products to clients.  Singapore bankers are seen as financial sales persons.

 

Are you trading CFDs or shares? I am not familiar with share brokers, because I only trade CFDs

pcxiao2008      ( Date: 26-Oct-2010 10:21) Posted: BT, may i check with you which brokerage firm is good and the fee is low..as i find that POEMS is not so good nowadays.

 

MF Global called me at 9am, just after I made my donation, lol. 

New commission rate : 0.165 %

 New financing rate : sibor + 2%

This is the lowest commission rate among all the DMA brokers, but financing rate not lowest.

Also MF Global don't provide very good charting tools, and the trailing stop loss not very good.

So I am also signing up for IG markets so i can use their Intraday charting.  

eastcivic      ( Date: 26-Oct-2010 10:11) Posted: BT, when MF Global get back to you regarding the revised financing rate, can you please share it here? i am currently with city index, but i'm thinking of signing up with either MF Global or IG Market...... Saxo is too expenisve for me :( pharoah88      ( Date: 26-Oct-2010 10:01) Posted: BT, is the (sibor + 1%) rate based on a minimum transaction quota per month

 

Yes well said. Forgot that bankers earn very sizable commissions from sales of financial products.  

pharoah88      ( Date: 26-Oct-2010 10:10) Posted: Bankers make money for the banks and themselves [in terms of commissions, bonus, incentives et cetera] at the expense of customers. Singapore banks mainly made profits from loans [like Loan Sharks]  rather than on  providing profitable investment products to clients.  Singapore bankers are seen as financial sales persons.  CBClow      ( Date: 26-Oct-2010 08:05) Posted: banker or trader...hahaha...yangzijiang Q3 report out..looks splendid...profit increased by 32%...cool...gains in some operations by 127

 

Not based on minimum transaction but based on past 3 months trading records. Must cross at least a couple of million volume transactions per month. 

pharoah88      ( Date: 26-Oct-2010 10:01) Posted: BT, is the (sibor + 1%) rate based on a minimum transaction quota per month ? BullishTempo      ( Date: 25-Oct-2010 23:17) Posted: It offered me the lowest financing rate so far, sibor +1%. But MF Global called me and say if I don't switch broker they will lower the financing rate for me also. LoL... so I wait and see now..

 

If you think it is too risky, you can exit. I am trading using profits, so I can still wait a little bit. 

badbad2000      ( Date: 26-Oct-2010 09:54) Posted: i entered 2.21, should i sold off now to play safe?

 

hi can someone enlighten me on this:

lets say i abstract this from POEMS trade summary:

price      trade       volume                  buy                    sell

1.08      87          5317000          4133000              290000

does it mean that alot of buyers buy at the price of 1.08? can it also means that they stock up the price at 1.08 and next movement is to wait for the price to go above 1.08? or can it also meant that shortists sell at 1.15 and buy back at 1.08?

pls enlighten me?

im trying to figure out the summary

 

 

 

I always believe it should be about solving the customers problem and not first your own problem. Profits, as far as possible should be ensued and not pursued (at least not all the time). Do it right and $$$ will just flow in. Those who realize this will be off to a good start..... The success of Microsoft, Apple  are good examples.

I am so wary of agents/'bankers' who call themselves financial advisers when many are in fact as pharoah88 puts it,  just 'financial sales persons' out to make a comm rather than truly concerned about your well being

pharoah88      ( Date: 26-Oct-2010 10:10) Posted: Bankers make money for the banks and themselves [in terms of commissions, bonus, incentives et cetera] at the expense of customers. Singapore banks mainly made profits from loans [like Loan Sharks]  rather than on  providing profitable investment products to clients.  Singapore bankers are seen as financial sales persons.  CBClow      ( Date: 26-Oct-2010 08:05) Posted: banker or trader...hahaha...yangzijiang Q3 report out..looks splendid...profit increased by 32%...cool...gains in some operations by 127

 

2.22 Support is going......

 

BT, may i check with you which brokerage firm is good and the fee is low..as i find that POEMS is not so good nowadays.

 

BT, when MF Global get back to you regarding the revised financing rate, can you please share it here?

i am currently with city index, but i'm thinking of signing up with either MF Global or IG Market...... Saxo is too expenisve for me :(

pharoah88      ( Date: 26-Oct-2010 10:01) Posted: BT, is the (sibor + 1%) rate based on a minimum transaction quota per month ? BullishTempo      ( Date: 25-Oct-2010 23:17) Posted: It offered me the lowest financing rate so far, sibor +1%. But MF Global called me and say if I don't switch broker they will lower the financing rate for me also. LoL... so I wait and see now..

 

Bankers make money for the banks and themselves [in terms of commissions, bonus, incentives et cetera] at the expense of customers.

Singapore banks mainly made profits from loans [like Loan Sharks]  rather than on  providing profitable investment products to clients. 

Singapore bankers are seen as financial sales persons. 

CBClow      ( Date: 26-Oct-2010 08:05) Posted: banker or trader...hahaha...yangzijiang Q3 report out..looks splendid...profit increased by 32%...cool...gains in some operations by 127% BullishTempo      ( Date: 26-Oct-2010 08:02) Posted: haha... ok. So you want to be a banker? Probably a good choice since you are interested in investments. Your thinking may change a little bit once you hit 25. You will be helping your clients and the bank make money most of the time and not yourself. But you will learn much over there so its a good start.

 

BT, is the (sibor + 1%) rate based on a minimum transaction quota per month ?

BullishTempo      ( Date: 25-Oct-2010 23:17) Posted: It offered me the lowest financing rate so far, sibor +1%. But MF Global called me and say if I don't switch broker they will lower the financing rate for me also. LoL... so I wait and see now..  bladez87      ( Date: 25-Oct-2010 23:05) Posted: welcome. so saxo is the best among ig mf and saxo right? but mini sum too high. 10k is all i have. if i put all in , i might be tempted to do irrational stuff.