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

Very useful info thank you!

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

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.

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

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