With the recent news about the hike in Singapore’s annual inflation rate to 7.0%, many in Singapore are looking for ways to grow their wealth. Some of the options available include Bonds, Stocks, Fixed Deposit (FD) accounts and Contracts For Difference (CFD).
In this article, we will focus on CFDs and how you can grow your wealth with IG, the world’s no. 1 CFD provider in today’s volatile markets.
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What is Contract-For-Difference (CFD)?
CFD is a derivative product which allows you to speculate on different financial markets including shares, forex, indices, and commodities without taking ownership of the underlying assets. In short, you are trading the difference in the price of an asset from the point at which the contract is opened to when it is closed....
