Should I (1) transfer my stocks to IBKR or (2) liquidate and repurchase?
Hi there! I'm currently thinking of opening an IBKR account and am thinking of transferring over my existing stocks from Philips so as to avoid the no activity fee from IBKR. Philips charges a pretty hefty transfer fee of 50sgd for the transfer of each counter so I was wondering if it may be cheaper and simpler to simply liquidate everything (25 SGD per trade from Philips) and re-purchase the stocks through IBKR. Does anyone have experience with either of the approaches? It appears to me that the second approach would be financially preferable but not sure if I am missing out on any issues which I should be aware of (e.g. Forex, time gap between liquidation and repurchase). Thanks!
I live in Canada, I’m using MetaTrader connected with a CMC brokerage. I’m a little confused on how the trading hours works as I’ve been able to trade after 4pm some days but today for example (Friday) I am not able to execute a trade as it keeps telling me “Market Is Closed”. I’ve been searching through the internet to find the hours it opens and closes but to no avail. If someone can provide me with an easy understanding for when I’m able to trade for example: XAU/USE (gold) It would be very helpful and appreciated! Thank You!
First Time in Indian History Forex reserves touched $500 billion mark. Today India overtook Russia & Korea to become 3rd largest forex reserve holder after China and Japan as the robust foreign funds inflow amid a raging Pandemic drives the country towards a momentous Landmark.
Hello, I’m relatively new to trading and have been using babypips to learn about trading, however now that September is approaching I’m about to become a full time student again and I’ll be quite busy juggling between university and my art(I run a customisation business and I can take about 10-20 hours a week to customise a shoe/order) so I’m not sure how much time and energy I need to become a trader. Anyone know how much time I should allocate into trading and running a practice account? As in, does trading require my full attention and do I need to practice and learn for hours everyday in order to be successful, or is it still possible to succeed in it without giving it my full attention and dedication?
Coders of Reddit, the past few weeks I've become really interested in the whole forex industry, I'm a university student that can't find a job (no ones hiring) and thought this seemed like quick money. After looking through a couple of free courses and some not so free ones, I realised all I'd be doing is buying and selling at specific times in the market, there are specific indicators for each buy and sell orders that occur randomly but can still be predicted..sometimes, it came to me, is it so difficult to write a program that can recognise the same indicators a human does and can buy and sell for you? automating the whole process. I saw something similar after a few google searches on GitHub but I'm far from terminal savvy, any help is welcome and appreciated.
The optimal time to trade the forex (foreign exchange) market is when it's at its most active levels—that's when trading spreads (the differences between bid prices and the ask prices) tend to narrow. In these situations, less money goes to the market makers facilitating currency trades, leaving more money for the traders to pocket personally. FXTM are committed to trader education, which is we why are pleased to offer a range of insightful short trading videos alongside our other educational resources. Learn about key forex trading and technical analysis concepts at a time and place to suit you. Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at any time of the day or night. However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader. GMT and EST hours for trading Forex. Forex market welcomes traders 24 hours a day. Forex market opens on Sunday 5 pm EST (10:00 pm GMT), closes on Friday 5 pm EST (10:00 pm GMT). Trading sessions according to GMT (Greenwich Mean Time): Overlaps in Forex Trading Times . The best time to trade is during overlaps in trading times between open markets. Overlaps equal higher price ranges, resulting in greater opportunities. Here is a ...
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