Forex Version XIII, Foreign Exchange Market Discussion
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 Mar 6 2014, 03:22 AM
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#1
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Junior Member
18 posts Joined: Dec 2012 
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I recently reached the legal age of 18 (Malaysian) and is very interested in the forex market. After years of homework and practise, I know quite a bit about the market. However, I am also fully aware and willing to accept the fact that most beginners, if not all, will fail on the first time trading. Anyways, the one thing I could not grasp on are the requirements. I would like to register on OANDA Asia Pacific. Can someone please enlighten me?
1) Do I need to have a job before I can trade? (I am a student) 2) Anything that I need to declare before I trade? 3) Generally asking, what are the (legal) requirements before I can start trading legally? Thanks a bunch in advance!   |
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Mar 6 2014, 03:18 PM
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#2
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Junior Member
18 posts Joined: Dec 2012
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QUOTE(9kingsir @ Mar 6 2014, 06:26 AM) Welcome abroad, Thank you so much for your advice! I'll definitely pay attention to experienced traders Which online broker that u register with is your choice... the most important requirement is that you need capital..haha.. Even beggar Oso can trade..doesn't need occupation. U just need bank account, proof of address, IC or passport U can declare as virgin...  joking nia..U can start trade after u swear n take oath that u will not take deposit from ppl to trade in your account.. And that is illegal..ok...haha.. There is actually no rules of trading..as long u r not doing any money laundering.. Selamat trading  Btw, even u have research for quite long...perhaps it's a good idea to listen to some mentors here.. They r good..    QUOTE(zDarkForceSz @ Mar 6 2014, 08:02 AM) Oanda is well known market maker. Any suggestions for a newbie like me then? FXCM? pick other broker. QUOTE(qwertyuioped @ Mar 6 2014, 12:28 PM) I started playing forex when i was 16! lel. last time no need verification or whatsoever. burned my account anyway. xD I'll probably end up doing the same thing too haha |
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