Requirements:
Diploma / Degree holder with 8 years of relevant trade processing experience in banks a MUST
Proficient is MS Office and SWIFT inputs
Good working knowledge of UCP 500 and its supplementary guide ISP as well as URC
Effective team player, capable of working independently
Meticulous and possess an eye for details
Knowledge in Structured and Commodity Finance will be advantage

Processing of Letter of Credit issuing, Banker’s Guarantee and Shipping Guarantee
Letter of Credit negotiation, ie checking of import and export documents
Handling of Collection Bills
Handling of Bills Discounting
Booking of accounting entries
Tracking of bills / guarantees maturities
Preparation of reports
Keeping records of paid and unpaid transaction

GOT WHAT IT TAKES?


If you do, you might be the one our prominent client is looking for. As a division of The GMP Group, one of the largest staffing and HR consultancies in Singapore, GMP Banking has the right specialist focus to attract the best banks and financial institutions for their recruiting needs across all financial vocations.

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A new ADB Economic Working Paper finds that the region now has substantial surplus reserves due to a rapid buildup of reserves since the Asian crisis. Therefore, a key short-run policy challenge for Asian countries is to use their surplus reserves more productively.

ADB and the Republic of Korea are supporting road and border improvements in Cambodia to help reduce poverty, increase economic opportunities, and boost ongoing efforts to strengthen trade and tourism in the Greater Mekong Subregion.

ADB signed an agreement to lend up to US$200 million to China Everbright International Limited to develop waste-to-energy plants in secondary cities across China. It will mark ADB's first private-sector municipal solid waste management project.

I am certain of one thing though. That wearing this tin foil hat on my head does prevent my trading thoughts from transmitting through the internet lines for all to see. As always – Good Trading to You.

Mathew Murray is the current President/CEO of M 5 Forex, Inc. M 5 Forex is the industry leader in retail forex trading. What is Retail Forex Trading? It's foreign currency trading for you and me. To learn more about trading currencies on the forex market visit us at http://m5forex.com/default.htm to explore all the available assets to you as a retail forex trader. Sign up for a free Demo Account at http://www.m5forex.com/demo_request.htm or begin with a live trading account for as little as $25. Trade from anywhere in the world on any computer or mobile phone. Begin Forex trading in just minutes with fast, secure deposits by Visa/MC/Diners credit card or use your E-Gold, E-Bullion, PayPal or bank wire transfer. Complete package with nothing to buy ever. You can withdrawal any or all your funds at any time back to your credit card or bank account. Learn more about Forex trading today.

Another great reason for Forex demo accounts is testing. We test everything here at M 5 Forex. We test platforms, techniques, signals, strategies, counter strategies, trading systems and counter trading systems. We also back test everything. In fact we back test a lot, both long and short time frames on every imaginable indicator, strategy and currency pair. Even our veteran traders continuously test and back test the 150+ indicators available on the demo platform. With a market that changes as quickly and as often as the Forex market does, this is a necessity to remain profitable. The only thing easy about Forex trading is executing the trade. That just requires a click of the mouse. There is quite a bit of work before and after that click.

And the final reason I always keep the demo account running. I never - ever chart out my trading strategy on the same platform as the one where I execute the trade. And there is a very good reason for this. I do not want the broker of my live trading platform to see what I am planning on doing. Ok. I know. It’s silly and superstitious. I know there absolutely no way my broker can see what I am plotting out on the chart on his platform. I also realize that even it was technically possible; the breach of ethics and legal issues would prevent these honest business professionals from ever using such a thing. But I do not place future orders on the live platform. I will explain why in another article.

We leave the demo account charts running for audible alerts when we hit stops, profit targets, technical price levels and when certain technical indicators form. We also keep the Automatic Trading Systems that we utilize running on the demo. We seldom allow computers to automatically execute trades unattended with real money (although they can). We do let them execute the trades automatically on the demo accounts with pretend money and audibly alert us. We then check and see if we should also execute a matching live trade. The audio alerts also eliminate the need to be sitting in front of the computer 24/7 while a live trade is open, or while just waiting for the markets to do something that would require my attention. The alerts have also awoken me from a sound nap (it is a 24 hour a day market).

Many other benefits also come from the use of Forex demo accounts. For example; M 5 Forex offers trading accounts with three different platforms, one for micro accounts ($25 initial minimum and 100 to 1 leverage), one for mini accounts ($200 initial and 200 to 1 leverage) and one for standard accounts ($250 and 400 to 1 leverage). We only offer one demo account though, and it is with our standard account platform. Why? It is the best, most sophisticated platform with the best charting package. Even if you sign up for our micro account and live trade on that platform, we recommend using the demo account for all your practicing, analyzing, set ups and charting. Making mistakes and taking losses on the 400 to 1 leveraged demo platform, even with pretend money, will teach you quickly to practice sound risk management strategies on every trade. It makes transitioning from the smaller account platforms to the standard account seemingly effortless.

Secondly, and this cannot be stressed enough, no other market in the world is as exciting (hence volatile) as the Forex market. You can read, train and study all you want. Until you develop a feel for the Forex market and learn what we call “reading the right side of the charts,” your trades will have higher probabilities of ending up in losses. And I will let you in on a little Forex secret. There are no secrets in Forex. There’s not a secret trading strategy that will work for you all the time. Every strategy ever thought up, designed and marketed has also been bought, analyzed and countered by other traders and brokers (us included). You must develop a feel for the market, and there is no cheaper way of gaining market experienc

What is different is the market reaction to my demo trades (which is no market reaction) versus my live trades. On a live trade, the very next tic after I execute a trade is in the opposite direction 99.9% of the time (I will explain why in a future article). Another important difference is that the demo is where the brokers test any platform updates or changes prior to being implemented on their live platform. This may cause some instability on the demos which are not seen on the actual live platforms.

The benefits to utilizing a Forex demo account however, far outweigh any of these drawbacks. The two most important reasons are learning how to use the trading platform itself, and becoming familiar the Forex market. There is no worse feeling than to jump on a trading platform, figure out how to execute a trade, make the trade, realize you made it in the wrong direction, and then spend the next fifteen minutes reading through the online instructions trying to figure out how to close the trade, all the while the market is on a surge against you. Please, practice doing everything on the demo platform you intend to use before going live.

There are some truths to these. Demo accounts do give newcomers a false sense of security in their abilities, since the emotional involvement with a pretend trade is nowhere near the emotional rollercoaster associated with a live trade with ones own hard earned money. And I do disclose this fact to all aspiring Forex traders prior to them going live. As far as the price feeds being different on demo accounts, this just isn’t true with the demo accounts we utilize. The exact same currency quote stream that feeds my demo also feeds my live accounts. They are both coming from the exact same ip address. I have heard of this problem on other demo accounts, but have no first hand experience with them.

I am very familiar with the negatives associated with demo account trading, as I experienced them early on when learning to adjust from stock/option trading to Forex trading.

1. Demo accounts give a false sense of security in Forex trading.

2. The emotions of “Live Money” trading are not brought into play with demo accounts.

3. Forex demo account quote feeds are not the same as live account feeds.

Many of my clients and staff ask me what are views on the use of Forex demo accounts. Bottom line is I am very pro demo accounts. To the point where I have a demo account constantly running on the company systems, as well as my own Forex trading computer at home, even while I am live trading. It is running while I am away, while asleep and even while I am watching my favorite ball team play on Sunday afternoons. My demo account is an integral part of my Forex trading strategy, training, self-education and professional life.

There are hundreds of Forex demo accounts available on the internet. Most are free and simple to download and set up on your computer. Some argue that these demo accounts are not a true indicator of actual "live" Forex trading. There is some truth to that, but demo accounts provide many benefits and opportunities, even after you start live trading.