Converting currencies, especially from SGD to USD to purchase overseas securities on Interactive Brokers can be confusing many new users to the platform. In this article, we will show you how easy it is to convert between any two currencies.
There are a few strategies in investing, you can buy low and sell high, or you could just hold the stock and reap dividends. However, consistently buying low and selling high is a challenge in practice. How do you know when the stock is high? How can you consistently profit from this strategy year on year?