No, don't waste a cent.

MT4 is a Forex trading platform. If you don't know what it is, and he hasn't given you any more information, you are guaranteed to lose money.

Save your RM500, and you need to pay me only RM5 for that advice. (just joking).

In MT4, he can give you access to an "investor" account where you view-only his trading activities, live, as it happens.

If you see him consistently making money with a real account, you may decide to invest then.

So ask him for an investor username/password and see for yourself.

Doesn't matter.

Let's say he gave you a username/password that doesn't belong to him, BUT you see the profitable trades being done (by someone unknown), you can copy the same trade using your own account.

But don't worry, if someone actually has access to a profitable system, they would be too busy making money instead of wasting time trying to sell you something.

Don't put money into what you don't understand.

To invest, first you must understand what you are investing in. There are no short-cuts.

My advice is focus on your studies.

I do understand. If there is a fast and easy way to pay school fees, I'm not aware of it.

But I'm sure if you put money into this, you will be even worse off. The rest is up to you.

Market closed, no updates on weekends.

Wait until Monday morning. If still a problem, you have to close and re-open those "waiting" windows.

100 times more?

What's the leverage, if any?