Currencies seem to be emerging as the everyday investor’s weapon of choice in the battle to gain an edge, given current market conditions and macro economic considerations.
Although foreign exchange trading carries a high level of risk that may not be suitable for all investors, currencies appear to be investors’ avenue to hedge against inflation in current markets. But what are the pitfalls and risks?
For more insights, correspondent Howie Lim speaks to Ashli Koe and Raphael Ng, fund managers, Salzworth Asset Management.
Highlights (click/tap):
02:15 Misconceptions about FX trading
04:13 Tips for newbie forex traders
09:30 Past performance doesn’t guarantee future returns
11:29 Tips for experienced forex traders
Produced by: Howie Lim (howielim@sph.com.sg) and Claressa Monteiro
Edited by: Howie Lim
Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:
Channel: https://bt.sg/btmoneyhacks
Apple Podcasts: http://bt.sg/oeXe
Spotify: http://bt.sg/oeGN
Google podcasts: http://bt.sg/oeGP
Website: https://bt.sg/moneyhacks
Feedback to: podcast@sph.com.sg
Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.
---
Discover more BT podcast series:
BT Mark To Market Podcast at: http://bt.sg/btmark2mkt
WealthBT at: http://bt.sg/btwealthbt
PropertyBT at: https://bt.sg/btpropertybt
BT Podcasts at: https://bt.sg/pcOM
---
For more on personal finance, go to: bt.sg/moneyplaybook