S1E169: How to start investing in forex: BT Money Hacks (Ep 169)

Ready to dive into the exhilarating world of forex, but not sure where to start? In this episode, Lee Kim Siang speaks to Charu Chanana, head of FX strategy at Saxo to answer all your questions, from understanding currency pairs to managing risk effectively.  Synopsis: Every first, third and fifth Monday of the month, The Business Times breaks down useful financial tips. Highlights of the conversation: 02:40 Pros and cons of forex vs equities 04:17 Understanding leverage in forex trading 06:51 Forex trading strategies for beginners 10:57 Major currency pairs outlook 15:05 Impact of interest rates on currency value 17:10 Common forex trading mistakes --- Now, we want to hear from you! Send us your questions, thoughts, story ideas, and feedback to [email protected]. We’ll look into it for future episodes. --- Hosted by: Lee Kim Siang ([email protected]) With Charu Chanana, head of FX strategy, Saxo Edited by: Emily Liu & Claressa Monteiro Produced by: Emily Liu Engineered by: Joann Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media Follow BT Money Hacks podcasts every first, third and fifth Monday of the month: Channel: bt.sg/btmoneyhacks Amazon: bt.sg/mham Apple Podcasts: bt.sg/oeXe  Spotify: bt.sg/oeGN  YouTube Music: bt.sg/mhyt Google podcasts: bt.sg/oeGP  Website: bt.sg/moneyhacks Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  --- Discover more BT podcast series: BT Mark To Market Podcast at: bt.sg/btmark2mkt  WealthBT at: bt.sg/btwealthbt PropertyBT at: bt.sg/btpropertybt BT Market Focus at: bt.sg/btmktfocus BT Podcasts at: bt.sg/pcOM BT Branded Podcasts at: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.