Eunn
GoLUCK
OP
:
What I did was I deposit SGD in and exchange USD then buy stocks. But whenever I wanan buy US stocks I will take note of the +- quantity of stocks I want. To avoid using margin, they will prompt you a message “ if want use margin” this means you don’t have enough USD to buy, so need top up the USD from SGD.
Any expert can halp? Haha correct me if I’m wrong!
Become Richer
:
Burrow from Margin is not so expensive, the current annual interest rate is 4.8%. Better than currency conversion lost if short term only.
Become Richer
Eunn
:
If you have 1000USD, you can try buy FUTU share worth 2000 USD, 1000 is the margin value platform offer you. If share value increases, and you didn’t sell within the day. The cash in your account will be -1000, you need pay annual interest 4.8% for 1000(4.8% /365 per day). If you sell the share within the day and the cash in your account is more than 0, no need pay any interest for the day. 1day interest for 100USD is around 0.01USD.
Become Richer
Eunn
:
The only risk of using margin is that like the day share drops 20%+, you bought at very high price, it will alert you to top up USD cash to ensure the account safety, otherwise, your share might be sold by the platform at low price.
Become Richer
Eunn
:
I used full amount. Received alert on the day that drops from 170+ to 130. Either sell some share or top up cash can change status to be safe. Use margin can make your gains and lost both are doubled.
Eunn : Means borrow $ from FUTU and buy, + interest rate HIGH.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
don’t use that.
GoLUCK OP : better way is deposit USD?
Eunn GoLUCK OP : What I did was I deposit SGD in and exchange USD then buy stocks. But whenever I wanan buy US stocks I will take note of the +- quantity of stocks I want. To avoid using margin, they will prompt you a message “ if want use margin” this means you don’t have enough USD to buy, so need top up the USD from SGD.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Any expert can halp? Haha correct me if I’m wrong!
Nerbnerb Eunn : yes u r right ! haha invest within ur financial haha
Become Richer : Burrow from Margin is not so expensive, the current annual interest rate is 4.8%. Better than currency conversion lost if short term only.
Become Richer Eunn : If you have 1000USD, you can try buy FUTU share worth 2000 USD, 1000 is the margin value platform offer you. If share value increases, and you didn’t sell within the day. The cash in your account will be -1000, you need pay annual interest 4.8% for 1000(4.8% /365 per day). If you sell the share within the day and the cash in your account is more than 0, no need pay any interest for the day. 1day interest for 100USD is around 0.01USD.
Eunn Become Richer : Great help!!
Become Richer Eunn : The only risk of using margin is that like the day share drops 20%+, you bought at very high price, it will alert you to top up USD cash to ensure the account safety, otherwise, your share might be sold by the platform at low price.
Eunn Become Richer : Haha I try not to use margin![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
quite risky also! Not touching that! Did you??
Become Richer Eunn : I used full amount. Received alert on the day that drops from 170+ to 130. Either sell some share or top up cash can change status to be safe. Use margin can make your gains and lost both are doubled.
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