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Forex Trading: How to Invest in Forex in the Philippines ...
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Investing in the Philippines
For Filipinos interested in stocks, bonds, mutual funds, ETFs, forex, crypto, banking, business, insurance, and any other topic related to investing money, making money, or growing money in the Philippines.
What are your thoughts, experiences or kahit ano na masasabi about sa Learn to Trade Philippines (Forex seminars)?
My jowa sent me this screenshot sa fb about a forex seminar dito sa Baguio this Friday. Told my jowa na gusto ko pumunta since nagkainterest ako sa investments lately dahil na din sa commercial laws na subject namin. Nagpareserve ako ng seat since interesado nga pero sa registration sa site nila, yow bakit parang hindi welcome ang mga students? Biruin mo required i-check yung box that says na working ako. Red flag sakin to for some reason lol. Nagsearch ako onti and behold, may nakita akong post dito sa subreddit natin issuing a warning about learn to trade ph. Gusto ko mag unsubcribe sa email listings nila pero ayaw (sad kabado meh ehh). Anyways, yan ang story ko haha. Natamaan ako sa sinabi ng taklesa naming prof, sabi ba naman, madalas law students at mga abogado pa ang naiiscam. Ano say ninyo sa lumalaganap na investment schemes dito sa Pinas?
Just a random thought from all these happenings in our country; Philippines with trillions of debt, incompetent governance, daily record-breaker of new COVID19 cases, PHILHEALTH corruption etc etc. Is it still advisable to invest /trade in the local stock market? Or would it be better to start investing globally? How about forex trading?
Forex trading takes place worldwide but has been strongly discouraged by Philippine authorities. Read on for more about forex trading in the Philippines. Trading forex (currencies) in the Philippines is popular among residents. While recommended, forex brokers are not required to become authorised by the Securities and Exchange Commission (SEC) to accept residents of the Philippines as customers. The Securities and Exchange Commission is the financial regulatory body in the Philippines. Who regulates forex brokers in Philippines Image source: bsp.gov.ph. The major financial market agency is the government owned BSP which means Banco Sentral ng Pilipinas in english it means the Central bank of Philippines. As the central bank it is in charge of maintaining the inflation rate in acceptable levels, monitoring the growth of the GDP and unemployment rate and last but no the least ... FOREX. Home » FOREX. FOREIGN EXCHANGE RATE as of 2020-07-10 14:02:12. Notes: 1. Currencies other than USD are available in selected BDO branches only. Please click here to view list of selected branches. 2. Rates are indicative only and may change without prior notice. For updated rates, PAMM accounts for professional Philippines traders and Forex investors. Islamic accounts for Muslims. Free unlimited Forex demo accounts available. Margin leverage 1:1 - 1:500. The best in the trading world MetaTrader 4 platform. On-going weekly and monthly Forex trading contests (ForexCup Tournaments).
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