Hi which broker best for XAUUSD, XAGUSD and GBPJPY?

I don't do scalping, only on daily time frame but the lower spread the better right?

Does this mean, is it better to get a local broker? I’m trying to get a reliable broker with no problem at withdrawing into my local bank. Unless there’s an alrernative?

For Traders who can understand Mandarin, here is a Youtube Channel on learning Technical analysis based on candlestick breakout and target TP with Fibonacci.

https://www.youtube.com/channel/UCXaRXf15hgRE_2KxjDodLeQ

Usually reliable brokers don't have local IB. Alternative like some mentioned earlier like netteller , skrill. I have never used myself so I am not sure if it will alert BNM.

GBP pairs sitting on support right now, wait for HH HL on 5m to pull a trigger.

Hello everyone. Im probably new in this thread. Ive been trading for 3 years and still consider myself to be an amateur. However, on to my question.

I am aware that foreign capital gain wont be taxed in malaysia. (Source : KCLau) lets say you are making a few profits monthly and withdrawing consistently every month (put in mind you also have other means of income in malaysia eg business/work) , will it effect in the future when i want to purchase asset/etc knowing youre making good money from forex trading?

Pls advice. Thank you

Just don't let them know your good money are making from forex trading.

As long as your forex income is lesser than 90% than your total income then it's not taxable. Whether or not forex is legal is another issue.

Which point you have sold at? At what price?

Based on my expectation, i would think that eur/usd will go down.. next week.. (but whether to go down alot, that is another question)..

Hi, I am newbie here but invested in stock before. Just wondering, can I buy forex just like stock, example buy today then keep for one year then sell? Which platform to recommend?

Yes , you can . Bank saving account would be good without leverage , depend on the amount , if big sure reliable broker like bank . if small amount then maybe these not so regulated broker which we normally use to trade forex ( short term )

or just go to exchange center and exchange cash on hand .

Do note that forex have Swap rate everyday . which normally was on the negative side .

not sure what if bank foreign currency account .

Afterall , dont recommend to save in currency, fix deposit could be better. Unless it was like last trend that USD raised so much.

the movement on forex was not big at all , thus we need leverage to trade.

and the 2 time exchange cost were not a small amount . unless you were to keep the same currency.

not a pro here , you might get better answer

Ask for islamic account and you’ll get swap free?

What is trade opening time for USD, EU, AUD, JPY, GBP, NZD? Looking to convert them to GMT +8 for price action buying and selling.

Thanks,

found some info here https://www.babypips.com/learn/forex/forex-vs-futures

5:00 pm EST Sunday - Sydney (6:00 AM Monday MYT)
7:00 pm EST - Tokyo (8:00 AM MYT)
8:00 am EST - New York (9:00 PM MYT)

GMT+2

Hello. i've been practising on a demo account on MT5, Plus500 and eToro for a few months already but afraid to use real money because i afraid i cannot withdraw the money invested.
Can anyone advise which broker is registered with BNM (Plus500/eToro/XM) and can i withdraw the money directly to my bank account or need some other method?

Totally agree

hehe chicken...lord...
joke aside, I want to know this too

No forex broker are registered in msia... all are at oversea.

No idea on plus500 and etoro... but XM sure can withdraw to msia.