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Market Trends

Stay abreast of market movements with the latest reports and relevant articles. 

Go Mobile, Trade & Win!

According to a research conducted by JP Morgan, 61% of institutional traders are extremely or somewhat likely to use a mobile trading app in 2018, up from 31% the previous year. For retail or individual traders, mobile trading offers the pure ease of being able to trade anytime and anywhere. Simply put, being away from your desk may mean that you miss the chance to make a profitable trade.

This brings us to the benefits of trading on a mobile platform.

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Trade Mobile & Win A Mobile

Mobile trading platforms have often been discounted by professional and experienced traders for their desktop counterparts, due to their lack of relevant and essential charts, indicators, and speed of price updates for traders’ quick investing needs.

With the speed of news flow, the improved functionality of mobile phones with larger screens, and ever-increasing mobile internet speeds, these issues are becoming a thing of the past.

In fact mobile trading platforms have become an increasingly viable option for fast execution among forex traders.

Take for instance the MetaTrader 5 mobile trading app, which is currently supported in Singapore through Phillip Futures. The MT5 mobile app offers multibank liquidity feed an extensive suite of orders types, customisable charts with quick switches between different instruments, over 30 technical indicators, 24 analytical objects, 9 time frames and 3 types of charts display. The app also keeps traders in touch with the pulse of the market with newsfeed streamed live from FXStreet, a well renowned news provider in the industry.

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Here’s What You Need To Know About The Current Crude Oil Outlook Before The OPEC Meeting In June

Oil prices seem to have a life of their own. Two and a half years ago, oil was trading at US$26 a barrel. This price was simply unsustainable for many oil exporting countries. In November 2016, OPEC and Russia, a major oil exporter that is not part of the 14-nation oil cartel, cobbled together an agreement to restrict oil production.

Their strategy seems to have worked, but only too well. Prices have risen and are currently at about US$76 for Brent crude and US$66 for West Texas Intermediate. While this is good for Russia, Saudi Arabia, and the other OPEC members, it is putting a strain on the economies of the oil-importing nations.

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Traders! Need A Reason To Trade Risk-Free? Here's A Challenge You Need To Sign Up For

How can investors who are new to trading gain experience without risking their money, and try out the flexibility of new trading platform at the same time?

Sharpen your trading skills

The best way is by direct experience. Keeping this in mind, Phillip Futures has launched the Phillip Futures MT5 Spot Trading Challenge 2018

The promotion involves opening a demo account. This will allow you to trade without actually committing any funds. But the Phillip Futures MT5 Spot Trading Challenge 2018 is much more than just a demo account.

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Tips for successful trade planning and management

Most traders would have experienced this scenario, the market is going in your favour and you decide to move either your stop loss, profit target or even add on to your existing position. The result, the market turns against you and you make a larger loss than you previously planned for. You have just made the most fundamental trading mistake.

It is a common occurence when in the heat of the moment; traders make decisions which they regretted later. This highlights the importance of trade management and having a trade plan. Without which, trading could be akin to just a toss of the dice.

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What Is Depth Of Market And Why Is It Important For Your FX Trades?

Forex trading is one way of deploying your investible resources. An inexperienced trader can find it difficult to understand how the market functions.

However, by using the tools that are available to you, it is quite possible to come to grips with the market and start making profitable trades.

There are several techniques that you can use to help you to decide about the direction that the market is likely to take.

One key tool that can help your trading activity is the intelligent use of depth of market data.

What exactly is depth of market and how can you use it? In forex trading, depth of market refers to the liquidity available to efficiently getting the investors’ orders done with minimum slippage.

Depth of market data provide you with information liquidity at different prices. An observant investor would be able to decipher the sentiment of the makers, who are largely made up of banks and institutions.

If used correctly, this wealth of intelligence can give you a tremendous advantage. It can help to take the guesswork out of a trade and allow you to take a position based on the real-time information present before you on your computer screen.

Consequently, you will be able to trade with a greater degree of confidence and increase your chances of entering into winning trades.

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The Dollar is likely to trump under Trumponomics | Phillip Futures Research

US President Donald Trump’s pro US business policies, or Trumponomics, has been a positive catalyst for growth in the US Dollar and the US economy. However, others still view his policies as protectionistic and this has caused some tensions between US and their trading partners, and had previously sparked a sell-off in the USD in 2017.

That being said, we feel that the USD has been showing signs of bottoming in 2018. After declining almost 10% in 2017, the dollar index has started trending higher, despite the recent headwinds.

Planing to trade the USD? Download the MT5 demo account to start

Over the past few weeks, fears of a trade war resulted in markets nosediving. This came after Trump announced that he would be implementing tariffs on steel and aluminium imports.

Nonetheless, this proved to be a knee-jerk reaction as the USD rebounded after President Trump softened his stance, and opened up to private negotiations. In fact, he even waived tariffs for countries such as Australia.

Going forward the USD is poised to see further strength due to 3 factors.

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Is This a Good Time to Invest In Asian Indices?

Source: Shutterstock

In recent years, the baton of growth has been passed on from the Western world to Asia. China’s US$12 trillion economy, which is growing at a healthy 6.9% clip, provides a boost to the entire region.

Several other countries are contributing to the economic expansion in Asia. India, Indonesia, the Philippines, and Vietnam have large numbers of people who are entering the middle class. Consequently, there is a greater demand for goods and services, a factor that leads to increased business activity both locally and in surrounding countries.

How can investors capitalise on this growth? Is there any way to benefit from the increase in revenues and profits that the leading companies in Asia will experience in the coming years?

The simplest and most effective way to do this is by investing in a broad-based stock market index like an Asia stock index.

Interested to invest in indices?
Learn more about index futures trading here and find out how you can get a 35% off trading costs now.


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Will Bitcoin replace Gold? Here’s what we think.

Over the last year, there has been a remarkable surge in the price of bitcoin. At the beginning of January 2017, the digital currency was trading at US$998. Thirteen months later, its price had increased by a factor of ten.

In the same period, gold prices have gone up by a comparatively insignificant 18%. Investors across the world are flocking to bitcoin and other digital currencies. Coinbase, a popular digital currency exchange headquartered in San Francisco, has over 13 million users.

Sign up for a seminar here to learn more about gold trading.

Bitcoin is becoming increasingly mainstream in countries like Japan and Korea. In fact, Japan has amended its Payment Service Act to accommodate bitcoin. The digital currency can now be considered an asset as well as a payment method there.

However, Japanese authorities have stopped short of declaring bitcoin to be a legal currency. Korea stands at #3 in terms of bitcoin trading. Only the US and Japan have larger trading volumes.

Many analysts predict that bitcoin prices will continue to rise, with predictions reaching beyond US$300,000.

Does this mean that gold is losing its popularity? Will investors switch over to bitcoin investment in their quest for higher returns?

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Phillip Futures on the growing success of MT5 in Singapore

Since the official launch of the MetaTrader 5 (MT5) trading platform in July 2017, Phillip Futures saw resounding success in the platform’s adoption: Over 350 MT5 accounts were opened – including 270 active accounts – before the end of 2017.

What was the reason behind the platform’s growing traction, particularly among algorithmic traders?

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