Forex trading in Singapore: everything you need to know
Discover how to get started in the world of forex trading. Let’s look at how FX markets work, the currency pairs you can trade, and the strategies you can use.
Call +65 6390 5133 between 9am and 6pm (SGT) on weekdays or email accountopening@ig.com.sg for account opening enquiries.
Forex essentials
Forex is one of the most traded markets in the world, made popular by periods of high liquidity, and its inherently deep liquidity. We’ve compiled this information specifically for beginner traders looking to trade on forex.
Forex trading products in Singapore
CFD trading
Trade rising or falling forex markets with CFDs – and get full exposure to your trade with just a deposit.
Live forex prices for traders in Singapore
Take your pick from over 80 currency pairs and predict their price movements on our state-of-the-art platform. We offer a wide range of major, minor and exotic currency pairs for you to trade.
Forex trading strategies and styles you need to know
Trading strategies
Explore a wide range of trading strategies and styles you can use to predict how the forex market will move in the future.
Scalping trading strategies
Open and close your forex positions in a short space of time, taking advantage of short-term volatility.
Swing trading strategies
Pinpoint swing highs and lows to establish at which price levels you’ll enter and exit the market.
Latest forex news
Free forex trading resources for traders in Singapore
- Visit IG Academy to discover our exhaustive education content tailored for beginner and seasoned traders. Learn at your own pace using online courses, live sessions and more
- Explore several strategies related to forex trading, and establish whether you have a long or short-term outlook on the market
- Create a free demo account to practise trading on different forex pairs. Execute your preferred strategies before opening a live account
FAQs
What does forex mean?
Forex is an abbreviation for foreign exchange, which represents the marketplace where currencies from around the world are bought and sold. FX is another term used to refer to forex. When one currency is pegged against another, this is called a forex pair – eg SGD/JPY.
Is forex trading risky?
Yes, forex trading is risky because it’s a highly traded market, which means it has equally high liquidity and volatility. You should always take steps to manage your risk, especially when trading on leverage, as your losses can exceed your initial outlay.
Is forex trading good for beginners?
Forex trading requires an intermediate to advanced understanding of how the market works, which tends to put beginners at a disadvantage. That’s why beginners should brush up on their knowledge on the forex market by using our educational resource hub and our demo account. Once they’re confident in their skill, they can advance to the live account.
Try these next
Read about the advantages of trading FX markets and why it’s so popular
Discover the pros and cons of trading contracts for difference.
Dive into what forex is, and how to trade the FX market on our platform
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Disclaimers:
- All forms of investments carry risks and trading CFDs may not be suitable for everyone. CFDs are leveraged instruments and can result in losses that exceed deposits, so please ensure that you fully understand, and are aware of, the risks and costs involved. Refer to the Risk Disclosure Statement and Risk Fact Sheet.
- IG Asia Pte Ltd (Co.Reg.No. 200510021K) is regulated by the Monetary Authority of Singapore and holds a capital markets services licence for dealing in capital markets products that are over-the-counter derivatives contracts and is an exempt financial adviser.
- IG provides an execution-only service. The information in this advertisement does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. You should consider your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
- The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
- This advertisement has not been reviewed by the Monetary Authority of Singapore.
