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Investment Forex Version 21, Foreign Exchange Market Discussion

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baby_4ever
post Oct 10 2021, 10:49 AM

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QUOTE(chinkw1 @ Oct 8 2021, 01:16 PM)
I m quite interested in Pepperstone.

But dont know how to start.

You sifus trade yourself? Or let fund manager to trade for u?
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Whats the size of capital you want to start with?

QUOTE(Stevelai @ Oct 9 2021, 04:31 PM)
Hello guys, im totally newbie..want to invest in forex...can suggest me what platform is the best and also thinking use bot to trade..issit good? what bot suggest please...i think bot is better than me
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Bot are not as reliable as human trader, and probably good for small exposure to limit risk.

QUOTE(dwRK @ Oct 10 2021, 09:30 AM)
nobody invest in forex... everyone here is gambling... just some better than others...
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Forex is world largest casino, it’s more on risk management. If you are good, you can profit almost everyday - easily. Just because yourself probably never make good money from forex, doesn’t mean forex is not good at all.
baby_4ever
post Oct 10 2021, 11:29 AM

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QUOTE(dwRK @ Oct 10 2021, 11:21 AM)
woosh... laugh.gif
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Also doesnt mean you think you good, you cannot kiss margin calls, lol.

Reality right.
baby_4ever
post Nov 8 2021, 01:39 PM

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Short XAUUSD on price spike, and hold. Take profit at will / later.
baby_4ever
post Nov 8 2021, 01:40 PM

Getting Started
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Junior Member
275 posts

Joined: Oct 2021
QUOTE(smang @ Nov 8 2021, 01:37 PM)
Well said!

i'm just starting out to learn about FX. its simple but its also damn complicated. last time i always thought..what do people mean by strategy? isnt it waiting for news and predicting up or down? but its so much more than just that. so many things to put into consideration.

Btw, i'm still in kindergarten using babypips.com. Plan to go until middle or high school only open demo account.
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Dont worry, 90% traders never leave kindergarten.
baby_4ever
post Nov 9 2021, 08:54 PM

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QUOTE(sabelt @ Nov 9 2021, 05:41 PM)
Hi does anyone here are trading full time, profitable and submitted your income to LHDN? If yes using Personal Account or Company Account?

Most I've seen traders don't last long more than 2 years.

Asking here incase need to look for proper channel and to apply bank loan in the future in legit way. But of course BNM doesn't recognize offshore currency trading.

There are so many grey areas especially in the industry need to know if there are any work around to access this situation.

Thanks
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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.
baby_4ever
post Nov 9 2021, 10:44 PM

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QUOTE(sabelt @ Nov 9 2021, 09:30 PM)
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.
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Just declare as personal income, in tax submission in 2023

 

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