All these while foreign income is exempted from income tax.

From 1st January next year, all income need to report in 2023 submission. Existing reporting way.

No issue to apply bank loans but not for trading. Ensure you have regular profit withdrawals to your Malaysia account. Deposit certain amount to your EPF under self contribution scheme.

There are traders who profit consistently, and still keep day job for fun. Trading is easy money, just ensure limit your exposures. Easy money is for real.

Of course. Trading is a zero sum game. I am planning to compile other nature of business into one single entity (company) for filing purposes if company made some profit in years to come. All about numbers here especially when dealing with banks and securing leverage from their end

But the problem and major concern is if the banks or BNM would allow such incoming profit/withdrawal coming to corporate bank accounts. What would happen if you put up a capital let say 100k into a offshore broker account and they would decline your withdrawal. 5-6 figures amount is a lot of money

Find a regulated broker u r good to go.

But D recent announcement durin budgeting is crazy. Gomen wants a piece of meat as well.

Thanks! This would probably my alternative options. Trade as personal (declare as freelancer/trader with lhdn + epf contribution) without going through hassle opening up a sdn bhd (plus spending yearly on audit, co sec fees)

But then having sense of 'company ownership' would be my main priority.

Just declare as personal income, in tax submission in 2023

U wanna set up trading shop or something?

What pair do you guys trade mostly?

I trade all pair that has major currencies

Must be bz eh

I used to trade all 20+ major pairs which can be take a lot of time analyzing it especially you have a full time job. I tried to look at all the charts on Sunday and put in the notes I need to look for on each chart, but I can tell you can be quite confusing and time consuming at times.

Now I reduce it to like 8-10 pairs, seems to have a better hold on it than trading all of it. Sometimes I open the other charts and found some missing opportunity, but hey, cannot be having FOMO all the time. Need to be discipline and just focus on what you can trade within your own capabilities. Of course if you have the time and effort, go for all major pairs will be great.

Srsly fomo is the biggest enemy in trading that always cost overtrading.
Still working on that.

I posted here before previously where I traded all 28 pairs. Now I'm optimizing my strategy and pairs. From my past trading data, it seems 15 pairs are giving me higher win rate. Hence gonna focus on those 15 pairs for this particular strategy.

By the way anyone here have manage to quit their job to do full time trading?

U must be new. Read previous post la.

Noted with thanks. Thought of starting this conversation again. I'll dig the old post and perhaps provide my perspective.

Thanks.

I think thats everyone dream job cuz in order to do that u need to be very consistent with trading income flowing in else not gonna survive long.

Im pretty sure they are plenty of full time traders out there. Just like having any other businesses there is always a risk

only day trade US30 (DJI)... 90% technical 10% news
Active during pre-market until 2 hours after opening bell

This post has been edited by sabelt: Nov 11 2021, 06:35 PM

Going to be long way down

today wont be much movement ... US veteran day...