First of all if you want to become an trader or broker, the most
basic qualfication you need is an CMFAS certification. You can take
the examination at Institute of Banking and Finance , link :
www.ibf.org.sg
.The "small" problem is , this is a self-study course and the
textbook you can buy it at IBF or maybe MAS. Most important you
must pass all the 10 Modules and each modules got different prices
and if you are an polytechnic student, maybe you got exemption some
modules plus save $.
To prove my point, you can visit this broker name "Ong First
Tradition" and see this under their career section of their website
: http://www.ongfirst.com/ . Most broker firm would
defintely required you to have CMFAS because this is MAS 's "law".
If you want to only upgrade yourself with extra knowledge, you can
explore the SGX website as their trading courses is usually
within 100 dollars. Link : http://www.ses.com.sg/
If you have some money and you can affort to "invest" and
want to learn trading free , there are some broker firm who offered
free training for trading strategies and even coach you on how to
use their trading tools. I listed down some of them in point form,
but this is just only some suggestions and FYI only :
1) City Index Asia : http://www.cityindexasia.com/ : One of the
company who teach you how to trade for free, but of course you must
open an account with them. Reasonable price like for instance in
their forex account, low minimum deposit starting from US$250.
2) CMC Market Singapore : www.cmcmarkets.com.sg : Another company who
offered free education and lesson, except they do mainly on CFD and
min need $1000 to open an account.
3) optionsXpress : http://www.optionsxpress.com.sg : One of the
best in free education and there is no min amount to open the
account.(Once you view their website, you can see video on how to
use their tools) The only problem is if you are dealing with
options, it might be in USA market and it is based on their trading
time(This mean in Singapore you might need to trade at night).Also
option has some setback like you need to check your options "time
decay" and if there is bad news like interest rate change, "war" or
"factor" that make a lot of people selling options like
mad.(Remember this simple rule in trading : Buyer > Seller =
Bull , Seller > Buyer = Bear), you might not have enough time to
react to the market due to different time zone in trading and you
might end up "burning" yourself, so don't say I don't warned
you.
Thanks for the advice ^^
And if it was and honest mistake, you should learn to check
before you confirm in future. One of the traits of a good broker is
that he is consciously, consistently, making sure that he
is not making a mistake.
Sorry for the typo mistake will be careful in future :)
