Managing risk in FX trading
As much as leveraging can be seen as a way to increase your profit, it also magnifies your risk (losses). A good risk-management strategy in place is essential for forex trading. Clients should fully understand the impact of leverage and the circumstances which can lead to losses.
FX is a leveraged product and can result in the loss of your entire capital. Trading FX may not be suitable for some investors. Please understand the risks involved before trading.
Pre-market risk
Pre-market trading is trading that takes place 5 mins before and after the market reopen (see trading hour below)
There are a few pre-market risks to consider for all clients
• Limited liquidity
• Wide bid-ask spreads
• Price uncertainty
Trading Day | Monday to Friday |
Trading Hours | Monday Winter Time: 06:03 - next day 05:58 (SGT) Daylight Saving Time: 05:03 - next day 04:58 (SGT) Tuesday to Thursday Winter Time: 06:01 - next day 05:58 (SGT) Daylight Saving Time: 05:01 - next day 04:58 (SGT) Friday Winter Time: 06:01 - next day 05:57 (SGT) Daylight Saving Time: 05:01 - next day 04:57 (SGT) |
Holiday Closing Arrangements | Closed on New Year's and Christmas Holiday ● Please pay attention to the market closing notice issued by Moomoo SG for specific arrangements |
For CFD/Commodity - XAU/USD
Trading Day | Monday to Friday |
Trading Hours | Monday Winter Time: 07:03 - next day 05:58 (SGT) Daylight Saving Time: 06:03 - next day 04:58 (SGT) Tuesday to Thursday Winter Time: 07:01 - next day 05:58 (SGT) Daylight Saving Time: 06:01 - next day 04:58 (SGT) Friday Winter Time: 07:01 - next day 05:57 (SGT) Daylight Saving Time: 06:01 - next day 04:57 (SGT) *Winter Time: Daily Break/Close at 05:58 - 07:01 (SGT) *Dailylight Saving Time: Daily Break/Close at 04:58 - 06:01 (SGT) |
Holiday Closing Arrangements | Closed on New Year's and Christmas Holiday ● Please pay attention to the market closing notice issued by Moomoo SG for specific arrangements |