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[WTA] Taxable income from Forex trading?
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Singh_Kalan
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 Mar 24 2018, 12:43 PM
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QUOTE(bloodchow2 @ Mar 23 2018, 02:58 AM) lol how can forex trading is illegal, the USD/RM pair is forex la. if forex haram how does the bank convert rm to usd, usd to rm? if forex haram all money changer in msia are haram too, they are forex OTC market maker (just with higher spread) to conv your rm to other currency Converting, hedging and trading are all different activities. Don't get confused by it. Trading forex is illegal by BNM definition not mine. Actually forex trading is a sort of gambling. That is why is banned here. This post has been edited by Singh_Kalan: Mar 24 2018, 12:45 PM |
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cmk96
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Mar 24 2018, 04:26 PM
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QUOTE(Singh_Kalan @ Mar 22 2018, 04:10 PM) I didnt know forex can make steady income. What about gambling ? I don't see any different between this two. At least gambling is legal (at certain outlet), forex trading is consider illegal in msia. Traders can make steady income trading equities, commodities and index futures... ask those traders in affin hwang, rhb, kenanga... those traders trade for living... all you know is those 4d gambling outlets? There are at least 4 forex brokers hv offices in msia... somehow bnm is not very strict with forex after all. There are forex traders who made steady income each mth... but you wont know them unless you are in their circle of frens. Try attend those workshop regarding trading. You will know them. This post has been edited by cmk96: Mar 24 2018, 05:02 PM |
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Singh_Kalan
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Mar 24 2018, 09:12 PM
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QUOTE(cmk96 @ Mar 24 2018, 04:26 PM) Traders can make steady income trading equities, commodities and index futures... ask those traders in affin hwang, rhb, kenanga... those traders trade for living... all you know is those 4d gambling outlets? There are at least 4 forex brokers hv offices in msia... somehow bnm is not very strict with forex after all. There are forex traders who made steady income each mth... but you wont know them unless you are in their circle of frens. Try attend those workshop regarding trading. You will know them. At least people gamble bacarrat the chance of winning is near 50%. Trading stock / forex 90% of the people loss money. Maybe u r lucky to know the 10% that make money. Again don't confuse investing and trading in stock. But sorry there ain't anything call investing in forex. |
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cmk96
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Mar 24 2018, 10:00 PM
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QUOTE(Singh_Kalan @ Mar 24 2018, 09:12 PM) At least people gamble bacarrat the chance of winning is near 50%. Trading stock / forex 90% of the people loss money. Maybe u r lucky to know the 10% that make money. Again don't confuse investing and trading in stock. But sorry there ain't anything call investing in forex. You are right. This post has been edited by cmk96: Feb 12 2019, 10:52 PM |
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SUSxnxx
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Feb 28 2021, 01:12 AM
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Getting Started
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So how?
Many people said you just have to report it, but it’s not taxed..... since it’s non-taxable. But if I trade for a living, it’s my monthly income, should I pay taxes then?
If bankers call me, I just have to say it’s foreign investment income?
If IRB people come to me, I just have to show my trading record?
True?
This post has been edited by xnxx: Feb 28 2021, 01:17 AM
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MUM
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Feb 28 2021, 09:02 AM
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QUOTE(xnxx @ Feb 28 2021, 01:12 AM) So how? Many people said you just have to report it, but it’s not taxed..... since it’s non-taxable. But if I trade for a living, it’s my monthly income, should I pay taxes then? If bankers call me, I just have to say it’s foreign investment income? If IRB people come to me, I just have to show my trading record? True? while you wait for responses, maybe this thread can help provide some info Full Time Stock Trader - Tax info, Advise from a tax lawyer friend https://forum.lowyat.net/index.php?showtopic=5102221&hl= |
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