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SGD/USD pair


Guest fmradio05
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Guest fmradio05

All, 

 

Am new to FX started off with cryptos and got irritated with unlongable for cryptos for IG. Anyone have experience for SGD/USD pair ? USD has been sliding against SGD steadily from 1.36 to 1.32x for the past few months. I am planning to short USD against SGD. I know this is not a major currency pair but anyone has any feedback or suggestions?

 

Thanks 

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Guest fmradio05

Thanks, trendfollower, well, I am residing in Singapore, over the past few months, I am observing USD is sliding against SGD for a few months from 1.36x to 1.32x, and last year economic growth is strong, and the central bank is expecting to let the dollar appreciate gradually when they announce their stand in Apr. I know it is a few months away. I am on a guaranteed stop loss of $1.34 since I am on a limited risk account. I have no other research on other currency pairs though.

 

Am new to FX. I am mainly into cryptos and its a lot of volatility and since IG long trades on BTC and ETH is rather limited, I am trying to trade other ways to make money. Or what other USD or other Forex pair is a safer bet?  

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