Tis is 1 of them

MYR below 4.0 again:

USD-MYR  3.9995 -0.0158 -0.39% 10:32 PM

Gud for trading

Plenty

Yup but timing is a big factor

Pls intro me to a broker or two
Got some dosh to burn

Not gonna happen if intra-month volatility isn't big, like what we saw starting in February.

Guys,... I'm sorry to say this, but if your amount is not big enough, there is really not much to make from currency trading,... especially when you need to exchange with a broker or a money-changer, hoping after that that the currency-pair will move in your favour, and then converting it back to pocket the profit. It's really not worth the risk and the time,... and not worth the wait too for the movement to take place too.

After you have converted into the foreign currency of your choice, you need to invest that foreign currency that you have just obtained in-hand and ake more of tat foreign currency amount, while not losing the principal.

Then as you make more of that foreign currency, you will have the luxury of converting it back to the Ringgit in future when you needed to use the Ringgit in Malaysia, or,............the Ringgit falls enough for you to do so profitably.

This is the ONLY way.

28 Mar 2016 10:00 UTC - 29 Mar 2016 10:02 UTC
USD/MYR close: 3.99360 low: 3.98711 high: 4.01624

what level u wanted? 

You are hoping for the following scenario :-

On Mar 07, 2016 - you changed MYR500K into USD123319.06 with an exchange rate of 4.0545, the recent one-month low.

You are hoping that on Mar 16, 2016, you can change back the USD123319.06 into MYR512553.91 at an exchange rate of 4.1563.

Hence, your profit should be MYR512553.91 - MYR500K - MYR12553.91.

To make it happen, you will have to have MYR500K to change with the money-changer, time things nicely to catch the bottom and the top, and to ensure the market volatility is still there moving forward. Any amount lower than MYR500K will reduce that profit to be earned.



If you don't find a way to invest that USD123319.06, then you will just be sitting there waiting for the pair to move in your advantage,... for as long as it's necessary.

Okay,...if you wished to risk RM10K to earn 4%, and you are satisfied with this, then okay,.. But you must be sure you can catch the levels that I mentioned,...
If you put the 10K into ASX, you can easily earn RM400 after one year,.... - NO need to learn charting, no need to watch the mkt, no need to listen to news, etc,...

too good be true let's reach 3.90 first..

To earn 400 per transaction you will need the rate to swing about 0.2 or more taking into consideration the spread charged by money changer. That's 5% swing. How long does it take to achieve that? If u r lucky n strike within 2 weeks to 1 month that may be a good deal. But what if u don't strike even in 3 months? The opportunity cost of 4.5% FD promo rate is already rm100. So nett nett you get rm300 in 3 months, worth the potential downside risk or not?

To be honest, I find your views quite interesting, or bluntly, quite contradicting. At one side you want to make no loss, would only sell the ASx VP funds when you break even, but at the same time willing to take forex risk for a measly gain

My solution to getting 8% is much simpler
http://www.fundsupermart.com.my/main/fundi...formed=topFunds

10 year annualized 17%. Why bother with the kind of risk coming from FX which God knows which direction it will go next

Very tedious

I converted a lot at 4.19, no choice since i TT a lot for my machines quoted in USD

so what now?
MYR worst currency in 2015
but best currency in 2016?

This could be one of the factor:

KUALA LUMPUR: Foreign money is returning to Malaysia at the fastest pace in Southeast Asia this year with about RM4.4 billion pumped into the nation’s equities, Bloomberg reported today.
This is significant because 2015 saw the biggest outflows of fund from Malaysia since the global financial crisis.

Quoting MIDF Amanah Investment Bank Bhd, which cited stock-exchange data, the Bloomberg report said inflows for March were at the highest since April 2013.
The FTSE Bursa Malaysia KLCI Index, it added, was “headed for its best monthly performance in more than three years as stocks trade near the cheapest relative to global equities in almost a decade”.
Malaysia is leading other SEA nations in terms of money flowing into stock-exchanges, with Indonesia coming next and followed by Thailand.

Last year Aug I bought TT at 3.96 level at 3 cents premium. 

I am no expert but I like to use MYR/THB=10 as a yardstick.