Recently I have taken a keen interest in NYSE. I realised how very different it is from SGX. I’ll just list down a few points before I really move in on it!
NYSE
- More opportunities due to more listings there
- Higher potential capital gains
- Faster markets
- Trading strategies seem to work better there
- Paper trades have all been profitable
- Commission rates of only $10
A stark difference is the market opening hours but personally I’m not too concerned about it. With the implementation of stops, I can easily enter or exit a trade without having to be awake! Without being taxed on capital gains, I think it’s a good move to go into NYSE. Perhaps I’ll keep my dividend incomes to SGX market since it’s not taxed here.
To go into NYSE, currently it would cost me $20 if I stick to my broker. If I opened a trading account ......
