Those Little Dark Clouds...

So many potential flashpoints all over the world.

- Greece is facing another round of impending elections 

- Turkey is facing war on several fronts

- The Middle East is still a mess with the ISIS problem

- Ukraine still a mess 

- Tianjin, China mega explosion 

- Bangkok, Thailand bomb blasts

- Malaysia mega corruption scandals involving Najib and 1MDB

- Koreas at most highly militarized state, exchange of artillery fire

- China stock market crashing

- Oil prices crashing

- Dow Jones down 3% last Friday night

It looks like a mega storm is brewing.

Be safe.

FX Binary Options

Lately been playing with FX binary options.

They are essentially gambling tools which is just a bet whether prices will hit within a certain timeframe.

Yes, I am gambling, and this is not good.

But from a cost perspective, they are cheap. A single contract minimum sized binary option costs between $6 - $94 with the chance to earn $100 if you get your bet right. Hence technically if you bought a low-odds binary option costing $10, you'd potentially multiply your bet by 10X! I guess this is where the draw of binary options lies.

Have to try to stop or reduce my betting sizes.

The Best Platform To Trade Singapore Stocks

Right now, it is the Saxotrader by Saxo Capital Markets.

- Commission is only 0.12% with $15 minimum

- Zero Custodian Fees for SGX stocks

Of course there needs to be the negatives to be weighed in:

- Inactivity Fee of USD$100 there is not a single trade within 180 calendar days

- Stocks are 3rd-party custodian-owned so it is not linked to CDP

Given that people normally brand Saxo as expensive, they are actually beating out a lot of the competition for those in the know. US stocks are at $9.90 for the first 1,000 shares (note the 0.12% pa custodian fee though), EURUSD trades as low as 0.8 in spread and Futures start at $6 per contract. 

Not the cheapest of the cheapest, but a good platform with many good functions and tools at pretty competitive commissions.

Of course please do your own due diligence and fact-finding before making any decisions to open an account with them. This is not advice or recommendation of any sort.