Here’s how to capture trading opportunities from home

Here’s how to capture trading opportunities from home

24 July 2020

If there is anything we learnt in 2020, it is that we can all survive spending more time at home. Despite video conferencing for most of the day and juggling home-based learning with school-going children, the new working arrangement and the lack of rush hour commutes also gave us pockets of time for other endeavours.

Based on recent global news headlines, you know that volatility from the evolving Covid-19 pandemic has opened up trading opportunities and now would seem like a good time to capture potential opportunities on dips.

Whether you have been trading, or are looking to start trading, here are a few ways you can capture trading opportunities right now from the comfort of your home office.

Learn a new trade

Need to brush up on your technical analysis skills? Interested to learn how to identify a new trading pattern? Perhaps you are predominantly a stock trader, with a keen interest to start trading other asset classes like CFD, Commodities, Forex or Indices?

Then register for a free webinar that will teach you exactly what you want to learn. Leading regional brokerage, Phillip Futures, is an expert in the fields of CFD, Commodities, Forex and Futures trading, and is making its expertise available to all investors.

In light of the current pandemic, and with the growing trend of telecommuting, Phillip Futures has ramped up its webinar offerings to provide investors – both new and experienced – with a full suite of webinars suited for every investor.

Investors can learn how to apply technical analysis when trading Gold, or learn about the latest investment tips for Forex trading. Experienced investors can also catch up on the latest research and outlook, for CFDCommoditiesForexIndices and other asset classes.

The webinar format allows you to register and watch for any of the upcoming webinars that pique your interest, without having to commute. Plus, if your important video conference meeting clashes with the webinar timing, you can also choose to watch the webinar recording after, at your convenience.

Experience a new trading platform

The Phillip Metatrader 5 platform (or MT5) comes with an expanded range of asset classes which includes Forex, Gold as well as Crude Oil, Indices and Shares CFDs. Phillip MT5 also comes equipped with auto trading capabilities and advanced technical analysis tools like Autochartist pattern recognition and Trading Central indicators. Phillip Futures is currently offering zero commission trading when investors trade Crude Oil, Indices or Shares CFDs on the MT5 platform.

Another platform of choice is the mobile responsive, web based platform called Phillip Nova. This platform provides investors with access to Global Stock Index, Commodity, Currency & Interest Rate Futures.

With all trading platforms, you need to get familiar with its capabilities before you place your first trade. Download the free MT5 demo account or the Phillip Nova demo account and try out the charts  and experience how the platform can support your trading.

Open your trading account easily from home

Queuing up at a physical office to submit forms to open a trading account should rightly be the last thing on your mind now. Fortunately, there are contactless and more efficient online account opening options available to you.

Phillip Futures’s account opening online application harnesses MyInfo to make the entire process more seamless and efficient. Singapore Citizens, Singapore PRs and FIN Holders will automatically be prompted to login to MyInfo, to allow the secure personal data management service to prefill your stored information.

To complete your application, you will need to have the following supporting documents ready, while ensuring they are less than 3 months old.

  • Bank Statement
  • Supporting document for residential/mailing address for non-Singaporean/PR
  • Supporting document for mailing address for Singaporean/PR, if your mailing address is different from your residential address

If all of your documentation is in order, you can expect your account to be approved within a couple of business days for you to begin trading.

Start trading small first

Once you are ready to start trading, it is a good idea to begin with smaller positions, and trading contracts that help you do that.

For instance, CME Group’s Micro E-mini Futures contracts allow you to start trading with a smaller capital outlay. Micro e-mini futures contracts are a tenth the size of an E-mini futures contract, making it easier for retail traders to build a diversified portfolio of contracts. Learn more about the available micro contracts here.

Right now, Phillip Futures is offering a US$1.50 promotion for investors looking to trade US indices. You will enjoy the promotional rate when you trade any of the following contracts: CME Micro E-mini S&P 500 (MES), CME Micro E-mini Nasdaq-100 (MNQ), CME Micro E-mini Russell 2000 (M2K), CBOT Micro E-mini DJIA (MYM) and the COMEX   E Micro Gold (MGC).

Ready to maximise your trading opportunities from home? Open your account here, and register for your next webinar.