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4 FACTS about Trading Forex in Malaysia (Must Read!)

New to forex? No worries. You need to start somewhere. It might as well be today. Before venturing in the exciting world of forex trading, you must understand these 4 FACTS.

1. Forex is technically “not legal” in Malaysia. Let me elaborate. Bank Negara Malaysia does not allow any deposit-taking by to take place by any representative (authorized or unauthorized) of a forex company. All deposit-taking must be done by persons registered under Bank Negara. However, if you trade on your own, you are entitled to use money as you wish, whether to trade or to gamble it away in a casino. It’s up to you. Your life, your call. The Malaysian law is hazy on this. I have not seen or heard of anyone yet who is arrested for trading forex. I won’t guarantee that this will never happen in the future so don’t take my word for this.

2. All forex brokers have HIDDEN FEES. There is no such thing as a totally honest forex broker. Their main purpose is to make profit, whether it is from charging for deposits, or charging for withdrawals, or charging from each transactions made through the spreads, forex brokers will find a way to squeeze some money from any activities made while using their services. Take for example FXPRIMUS. They position themselves as being an honest forex broker. I agree with them to certain extent. However, some things are not stated when they sell their services to you. When you try to withdraw money using wire transfer, they will charge $50 USD  just for that to happen. $50 USD is a lot for most of us Malaysians. That’s equivalent to RM150. So, for some, FXPRIMUS might not be the right option. Regardless of this fact, they are still quite decent and worth checking out.

3. Finding a good mentor to teach you how to trade correctly can be very hard. This is a FACT. Not many successful forex traders in Malaysia are willing to teach how they got to that stage. The skills gained from forex are earned through closed doors. No fan fare, no hype and gimmick. True mastery is gained in front of the computer with deep thinking involved. But once you do find a great mentor, it won’t be as you expected it to be. It may be in form of an e-book or a simple advice from an obscure blog or a discussion in a forum. Check out this website for more insight on finding the right forex mentor.

4. Forex traders in Malaysia are divided into different camps and groups. Let me explain.  Malaysian traders who trade with easy-forex will find it more easier to communicate and get support if they join groups such as easyforexmalaysia.com or  Mocfx. If you happen to trade with Instaforex, there is a group for you to join in Malaysia. You could go to Carigold to find such groups or simply register with an established group such as instaforexmalaysia.net. One thing that I notice is that it is not advisable to trade with different brokers at the same time. This is the vibe I got by reading long discussions in online forums. It’s not that you can’t, its just that the sifu in these groups will only accept you if you show loyalty to their preferred forex broker.

Guys, I have outlined 4 important facts that you must be aware of before trading forex in Malaysia. Gaining mastery in forex takes time but the perks can extremely lucrative. Check out this link to find out one of the best learning resources on forex trading.

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Designing The Next 10 Years of Your Life

Hello my fellow readers,

This blog post is inspired by my mentor and someone I respect dearly, Jim Rohn. He is the father of personal development and I truly enjoy his teachings and philosophy. In fact, the road that I am in now, Forex Trading was because of his teachings.

Jim Rohn used to say “Work on yourself more than you work on your job”. That was a classic saying. If you work on yourself harder than if you work on your job, sooner or later, you are going to make a fortune.

How do you see yourself in the next 10 years? If you are 30, what will you be when you are 40? Will you be rich? Are you going to be dead-broke? Are you already dead? Or will things just remain the same as it was?

What’s it going to be?

The most powerful teaching that Jim Rohn ever inspired unto me was “make a list of the things that you want in the next 10 years”. That was powerful!

I made that list. I set goals. I did not want to become broke and lonely when I’m 40.

That is the reason why I learned how to trade Forex. I had to. I want a secure future for myself and my family. A job cannot provide that.

Are you also in the same shoes as I was a few years back? I was desperate to find an alternative source of income..

Thank God for Forex!

Forex Trading is a skill to make money. It involves knowledge..lots of it and skills. You need to understand technology, money management, strategy, the currency market, technical analysis, and a whole lot more.

But the journey is worth it.

If you are struggling to profit in Forex Trading, listen to me..It’s not you. There is nothing wrong with you. Perhaps your only mistake was that you listened to the wrong advice, or you joined a terrible Forex Broker, or maybe you are not skilled yet in the field.

But if you seek hard enough, you will find.

And your search is about to end because…

I’m offering you an opportunity right now to learn Forex Trading the right way with one of the best forex brokers in Malaysia, FxPRIMUS and take advantage of their revolutionary Forex training program, FxPRIMUS Coach.

FxPRIMUS Coach

What is so special about FxPRIMUS Coach? Well, you success in Forex depends on it!

To profit in Forex, you need one thing and one thing only: knowledge. FxPRIMUS Coach will help you gain that knowledge. It will guide you from a total beginner to a profitable Forex trader within 2 months!

With knowledge, you will have the confidence to tackle the Forex market without fear..I’m telling you..It’s true!

If you wish to become a profitable Forex Broker, then this is it. I suggest that you check out FxPRIMUS Coach today.

 

To your success,

Forex Trading Malaysia

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FxPRIMUS is The New Forex Broker in Town

How are you doing friends? Thanks for visiting this blog. It is really a pleasure to have you come by and read what I have to say.

The key to your success in Forex Trading relies a lot on the selection of the right forex broker. If you do this wrong, you will waste time, effort an money and probably will need to start from scratch. I am writing this blog post to inform you that it shouldn’t be that way. You don’t need to go through all those trial and errors for years and after learning your lesson, you finally get it. NO!

I am giving you a shortcut..A shortcut to success that will cut years of trials and errors, years of learning.

That shortcut is FxPRIMUS..

What is FxPRIMUS?

Now, if you are familiar with the whole Forex scene in Malaysia, you will know of a few Forex Brokers dominating the scene. The best resource on Forex Brokers is Forex Broker Malaysia and Carigold.

The Forex scene in Malaysia has somewhat matured into its current state. It used to be that there are tons of Forex Brokers plying their trade and trying to get customers in Malaysia. Some of which are purely scams.

This is not the case today. The consumers are more aware now. It is harder for scammers to cheat Malaysians out of their money and further, the Forex industry in Malaysia is dominated by these 3 major players, Instaforex, Easy-Forex and Trading-Point.

FxPRIMUS is a new player in the scene. It is backed up by a strong management team headed by Terry Thompson, the President of FxPRIMUS Ltd. If you check out their website, you will find that FxPRIMUS is quite transparent about their management team and their credentials. Scammers won’t do that. You can check their official website here.

That’s not the exciting part.

The most exciting thing about FxPRIMUS is that they place very high importance on fund security and protection. This is very important…Hear me when I say this..Fund protection is very important and crucial if you are thinking about investing with a Forex Broker.

Imagine putting in large amounts of money, 200 USD, 500 USD, 1000 USD or even 20,000 USD with an entity or company. You would want to be assured that your money are in safe hands. I would..

And if you have been trading Forex for quite some time, you will know that the industry is not actually that transparent about transactions involving money. Brokers always have a way to justify why you lost your money or hidden fees not stated in the contract when you signed up.

Forex Brokers are being unscrupulous but FxPRIMUS promises to be different!

FxPRIMUS places a guarantee that your funds are safe with them. Funds are independently administered into segregated accounts by Turnstone Group. No other Forex Brokers are doing this. They are the first in the Forex industry to do this!

Imagine going to that extent just to gain credibility in the eyes of their potential prospects. I applaud them for that. Really brilliant.

I have a few blog to posts to write about them and how you can gain by joining them but if you can’t wait, here’s their official website.

 

To your success,

Forex Trading Malaysia

 

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