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Old 03-25-2009, 06:15 AM   #11 (permalink)
 
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Originally Posted by forexer View Post
Hey raj,

How much did you fund your micro account with? And did you use a credit card to do so?

Hope i'm not probing too much.

Forexer
Hi Forexer,

It's ok. I'm pleased to share here.

I haven't funded my account yet. But according to the macro account information i have received, it can be funded with both Debit or Credit Visa/Master Card ($5,000 MAX). I guess minimum amount is $25.

Warm regards
Raj

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Old 03-25-2009, 02:25 PM   #12 (permalink)
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Originally Posted by raj_singapore View Post
Hi David,
Thanks. I contact scottrade & they don't service in all asian countries yet. i received the following reply.

Thank you for your e-mail.
Because of the way we are structured and because of certain industry licensing requirements, at the present time Scottrade can only establish accounts for U.S., China, Taiwan and Hong Kong residents. This includes the 50 U.S. States, Puerto Rico, Guam and the U.S. Virgin Islands.

We are researching the possibility of expansion to offer accounts to those international individuals who are interested in online trading with a personal touch at Scottrade. We are in the process of creating a database with the names of individuals who have expressed an interest in Scottrade. If you wish to be added to this database, please reply to this e-mail with your name and contact information. In the event we decide to expand our services abroad, we would certainly want you to know.
Please let us know if we may be of further assistance.

Sincerely,
Rick Jewell
National Service Center
Scottrade Inc.


I got similer email from Thinkorswim as well.

I like thinkorswim & hope that they will start their service here in singapore soon.
Though i could open a Demo account at Thinkorswim, but i had to put another country (India).

Warm regards
Raj
Hi Raj,

Ok thanks for letting us know and your willingness to share your experience here for the benefit of the community it is appreciated.

Best Regards,
Dave
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Disclaimer: Trading is risky and can result in substantial financial loss. As always my posts are simply one traders opinion and should not be taken as trading advice. I am not a financial adviser so everyone please do their own analysis and take responsibility for their own trades.
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Old 03-26-2009, 10:42 AM   #13 (permalink)
 
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Hi Dave,

Thanks.
Well, I'm not only happy with being a member of this incredible community here, but also feel privileged.

Let's keep up the great work.

Warm regards
Raj
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Old 05-06-2009, 10:49 AM   #14 (permalink)
 
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hi raj

could you provide some information on how to open a account on FXCM , as i notice there is no office in singapore yet , but i notice that onda had a new office in singapore .

Regards

Fans
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Old 05-06-2009, 10:23 PM   #15 (permalink)
 
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hi raj

could you provide some information on how to open a account on FXCM , as i notice there is no office in singapore yet , but i notice that onda had a new office in singapore .

Regards

Fans
Hi Fans,
i opened with FXCM online at FXCM - Open an Account . You have to send them copy of your ic / passport & any bill, (i sent my phone bill) for a residential proof.... Then after u can fund your account at your convenience .. I havn't funded mine yet, as i'm still practicing demo.....

I do prefer to have a local office to deal with...for that reason, i hv recently opened my account with Online Stock and Share Trading-POEMS as they are based in singapore. But the odod thing with them is that they don't hv any demo account to practice....

Hope that helps.

Cheers!
Raj
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Old 05-08-2009, 08:28 AM   #16 (permalink)
 
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hi raj
thanks for the infor , i understand , that we could try to have a acc from GFT , it also provide demo and mini account , but the problem is the platform are no easy to use , hope that there are ppl around can guide us on the GFT platform

Regards

fans
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Old 06-10-2009, 08:28 AM   #17 (permalink)
 
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Thinkorswim


Hi Raj

I'm fm singapore too. Somehow I managed to open a Thinkorswim account at the end of 2008. Maybe they stopped that. However, I heard that they may be opening an office in Singapore soon as well.

E-trade has an office in Singapore. You can try them as well. Personally TOS is a great platform and I certainly they open it up to more Singaporeans soon.

Happy Trading.
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Old 06-11-2009, 04:23 AM   #18 (permalink)
 
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Originally Posted by seetch View Post
Hi Raj

I'm fm singapore too. Somehow I managed to open a Thinkorswim account at the end of 2008. Maybe they stopped that. However, I heard that they may be opening an office in Singapore soon as well.

E-trade has an office in Singapore. You can try them as well. Personally TOS is a great platform and I certainly they open it up to more Singaporeans soon.

Happy Trading.
Hi Seeth,
Thanks for the information.
I had inquired from thinkorswim earlier & they informed me that their application with the MAS to operate in singapore is pending & they not sure how long that will take...
Anyway, i have opened an account with phillip securities.. I have just started trading stocks in singapore only....I'm not that keen on entering the US market yet, as im a newbie and happy to just trade small and safe to begin with.....
Secondly, i perfer now a local broker than to have from outside singapore.... As with singapore companies, i feel much secured.
By the way, may i ask, if u are a intraday trader & trade singapore market? I'm interested to know your take on the market here.....I'm just a intraday trader, trading in singapore market only.....

Regards
Raj
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Old 06-12-2009, 02:47 AM   #19 (permalink)
 
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Sg Trader


Hi Raj

I try to trade both the Sg and US market. Interestingly, if you are like to play it small, it is easier to trade the US market because you can buy shares in small amounts eg 100 shares instead of the 1,000 needed on the Sg market. The only problem with trading the US market is that it goes late into the night, but if you are a late sleeper, then its ok.

I'm not an intraday trader but I more like a position trader, where I hang on to a trade for a few days to a few weeks (sometimes months). If you are an intraday trader, I would recommend you try the US Market. The price movements are faster with the lower commission, you can make quite a bit more. You can try the online Interactive Broker demo to see how easy it is.

Recently I missed the big move in the Sg market and find it so difficult to get back in. Still waiting for the pullback that just refuse to come. I personally think the Sg market is a bit overbought... with just about everyone jumping in at the moment. Maybe with the coming summer, the US market will be down and may help initiate a pullback in asian market. That's probably a good time to enter. Currently, I can see both market a bit out of strength and moving sideways.

I know what you mean about prefering brokers to have an office in Sg. However, I started with Options Express and moved to Thinkorswim and Interactive brokers and find them quite reliable. Particularly, IB seems to be everywhere with their closest offcie to Sg in HK. They are also used by many pros so I would think it is quite safe. Cost is very low... USD1 per 200 shares. However IB dun have good charting, unfortunately.
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Old 06-13-2009, 08:55 AM   #20 (permalink)
 
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Originally Posted by seetch View Post
Hi Raj

I try to trade both the Sg and US market. Interestingly, if you are like to play it small, it is easier to trade the US market because you can buy shares in small amounts eg 100 shares instead of the 1,000 needed on the Sg market. The only problem with trading the US market is that it goes late into the night, but if you are a late sleeper, then its ok.

I'm not an intraday trader but I more like a position trader, where I hang on to a trade for a few days to a few weeks (sometimes months). If you are an intraday trader, I would recommend you try the US Market. The price movements are faster with the lower commission, you can make quite a bit more. You can try the online Interactive Broker demo to see how easy it is.

Recently I missed the big move in the Sg market and find it so difficult to get back in. Still waiting for the pullback that just refuse to come. I personally think the Sg market is a bit overbought... with just about everyone jumping in at the moment. Maybe with the coming summer, the US market will be down and may help initiate a pullback in asian market. That's probably a good time to enter. Currently, I can see both market a bit out of strength and moving sideways.

I know what you mean about prefering brokers to have an office in Sg. However, I started with Options Express and moved to Thinkorswim and Interactive brokers and find them quite reliable. Particularly, IB seems to be everywhere with their closest offcie to Sg in HK. They are also used by many pros so I would think it is quite safe. Cost is very low... USD1 per 200 shares. However IB dun have good charting, unfortunately.
Hi Seetch,

Thanks for sharing your trading views & experiences.

I'm not a very late sleeper (till 12am usually) but can afford to stay up if can trade the usa market...

By the way, i had attended to seminars organised by optionsxpress last year. One of them was by Ms Marrium from usa, who claimed to have done very well in the stock market. It was ok, but the thing that turned me off from them, was that i felt they were pushing & somewhat forcing to open account with them + signup for their expensive training course.

I also had a look at interactivebrokers, it looks ok to me, but still prefer to go for thinkorswim. i like their very user friendly platform, with great features....i try their demo to familiarise myself with their platform features. I'm waiting for the day, when can open my account with them.

Right now i'm using poems (phillip securities), which is ok to start with & they gave me some limit to use, without funding my account initially.. in which they give 4days (Trading day + 3days) to sell the buying position. I'm just supposed to pay the difference only, if it goes against me, in 7 working days. That works fine 4 me. I do contra & so far it has been great experience to play it real...

It would be nice, if convenient for you, to meet up sometime for a drink somewhere in singapore & talk a bit about the trading experiences. I believe, i will be immensly helped, if that can happen. I live in sengkang. I'm ok to meet anyday of the week or weekends.

Warm regards

Raj
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