Singapore has been on the financial markets for quite a long time. As a matter of fact the Singapore dollar was created in 1967 and since that time, lots of investors and brokers prefer trading with it.
Liquidity of the Market
On this topic you will get information regarding the liquidity of the markets and whether it is good or not to start trading with binary options in Singapore.
There were some really great fluctuations happening to the Singapore dollar. For example, during the 70s in the last century, the currency was seriously pegged against fixed number of currencies. However, this changed since 1985 because the financial market decided it is high time for it to start aiming at more democratic regime.
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The primary goal of the government of Singapore is to keep the confidence of the society and this is why 100% of the currency is backed by assets. MAS is dealing with the monitoring of the national currency so you can be sure that the central parity of the Singapore dollar will depend on many economic factors such as inflation, export and import. This means, that in case you want to be a successful binary options trader, you have to keep track of those things and analyze them on daily basis.
In case something happens with the inflation in the country, then measures are immediately taken in order to maintain the stability and avoid huge market fluctuations. This means that the market is really great for traders who don’t have much experience and who do not consider themselves as risky players. The whole flexibility of the nation and its markets is large.
So if we have to sum up everything said so far, we should say that Singapore’s financial market is a great place for investments, especially when we are talking about binary options. Don’t forget the fact that you have to have at least minor experience before starting your career because otherwise you might lose your money really fast.