Hi all Gurus,

Im new to forex and there are few questions i wanna ask.

1. How do i open an account to trade ? i mean where i can transfer the money to and receive from.
2. any recommended platform ? im using metatrader 4 for my demo account.
3. any do's and don'ts

vantagemarkets
FBS
all support myr bank in and cash out

You'll need to ask yourself this, to me that is very very important.

1. How much am I ready to lose?

2. How long do I plan to do this?

3. How much do I plan to earn per day to make it worthwhile?

Then only move on to the platforms etc.

But to answer your question,

1. Opening account are relatively straight forward, most just need to do verification using your driver's license / passport in some cases, as well as proof of address of residence etc. Depositing and withdrawing funds are relatively straightforward as well, otherwise you can consider using Wise.

2. I am using IG brokers at the moment, all is fine for me no complaints but nothing to shout about too. Maybe you want to check out other platform for cheaper fees too.

3. Do's & Don'ts;

Do's - Do ALOT of research, familiarize yourself with the platform;
Do's - Do read up alot of news to anticipate any immediate fluctuations;
Do's - Check up on your trades and your fees when you do your funds management etc, long run it counts into your costs per trade.

Don't - Over trade and go in gambling mode;
Don't - Make the mistake of not calling it a day when the day is rough for you;
Don't - Trade in pairs that you are not familiar with, be it technical or speculative wise.

the account you mentioned is bank account or forex account ?

the platform is it something like metatrader ? moomoo ?

why dont you go genting?

forex is gambling

Moomoo is a platform, in apps it will guide u to open a account for u to trade, not a bank account.

Forex is inherently already very risky and now with trump onboard it’s almost like pick a position and pray.

Also just to be sure your demo account is not some forex scammer front that provide you a false sense of understanding forex movement.

the demo account i created using metatrader 4

IC markets and VT markets are pretty ok. We used it for past 3 years. Like alot of comments here, i agree at the end is how much you can lose and how you manage risk properly. On the flip side, it is considered high risk high return , so you may want to put probably 5-10% of your portfolio to Forex / Crypto, aside from your equities, bonds etc.

Still can make money from Forex?

Why not ?

made 300% over last 2 years

Actually, Forex is harder than stock market trading or crypto trading???