Invest
 5 Things to know before opening a trading account
By Salary.sg - Your Salary in Singapore  •  May 17, 2023
Trading has been practised for ages, but with the advancement of technology, it has become more accessible and easier for anyone to start trading. It is a fascinating and dynamic space where securities such as stocks, bonds, currencies, and commodities are bought and sold with a single trading account. Trading is all about generating a profit from market fluctuations. It necessitates a sound knowledge of market dynamics, risk management, and financial analysis. Trading can give an excellent opportunity for individual investors to build their wealth over time. They can generate long-term wealth by investing in stocks or other assets and earning returns that surpass inflation. However, it’s important to note that trading also carries risks. Market volatility can lead to losses, and investors must know the risks to manage them effectively. A trading account is the first step if you wish to invest in securities like stocks, bonds, and mutual funds. Before opening a trading account...
Read the full article
By Salary.sg - Your Salary in Singapore
All about Income, Jobs, Career Options, Wealth and Investments in Singapore.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance