Top 6 Successful Forex Traders in Malaysia

Top 6 richest Forex traders In Malaysia

Becoming a successful Forex trader in Malaysia will require a lot of hard work, but the best way to start is to have a solid education regarding the financial markets. Learning how to succeed in Forex trading will require that a trader discover how successful traders were able to win trades. So, learning about the best Forex traders In Malaysia can help a beginner kickstart their trading endeavors with a positive mindset. Below are the richest Forex traders in Malaysia:

Oma Ally

Oma Ally is at the top of the list of the best Forex traders in Malaysia; he is renowned for his prowess in trading in the region. He is not the typical trader who began making money by adopting the concepts or methods of others. Oma Ally spent time learning the fundamentals of trading through practice and then developed trading strategies by combining various trading tools and indicators.

His proficiency in manipulating trading indicators led to the development of what is known today as the BBMA strategy. For many professional traders in Malaysia, the BBMA strategy has become a well-liked trading method. And it is the output of Oma Ally's skillful manipulation of two top trading indicators known as Bollinger Bands and Moving averages.

These two MT4 indicators aid traders in anticipating market movements in the Forex trading environment. With the aid of these indicators, Oma Ally was able to develop a comprehensive strategy that has been shown to have a high entry accuracy, a short floating time, and the ability for multiple entries. Oma Ally made money from Forex trading with the help of this strategy.

His application of the strategy and subsequent success became a topic of knowledge exchange among traders in Malaysia. And as a way to encourage and support beginner traders, Oma holds trading seminars for those interested in learning the BBMA strategy. He teaches aspiring traders on a well-liked Telegram page, but his courses are paid for. Oma Ally strategies are widely used by traders who attended his for-pay classes and are profitable, making them a top trading method relied upon by Malaysian traders.

Rayn Lim

Ryan Lim is another of Malaysia's wealthiest Forex traders, and novice traders can profit from his knowledge and trading ideas. Ryan ranks among the top Forex traders in Malaysia and is a certified harmonic pattern trading coach. He is also the founder of Forex100 Academy, where he holds seminars for new and professional traders.

Since he began using TradingView three years ago, more than 98% of Ryan's trading activities have been focused on foreign exchange. Rayn Lim has developed into a trading pair expert in the currencies USD/CAD, USD/JPY, GBP/USD, EUR/USD, and EUR/JPY. Ryan does not enjoy scalping and instead prefers to use the 1-hourly, 4-hourly, and daily charts when trading.

Ryan asserts, "You can not trade by relying only on news headlines. I am not saying you should not read the news" just do not base all of your trading decisions on it.

Always read between the lines, only take in the facts, and analyze the market's response by getting involved.

As a mentor and teacher, Rayn Lim teaches other traders how to spot trading opportunities and develop a winning trading strategy by sharing his market analysis with them. Among the other topics covered by him are bullish and bearish signals and shark setups.

Sufiansaid

Another trader on the list of the richest Forex traders In Malaysia is recognized as Sufian Said, which is the name on the TradingView account. Apart from the fact that the trader is from Brunei Darussalam, which is close to Malaysia and in the same time zone, there is not much information about the person using this account. However, this reader has been in the news for more than four years for their trading activities.

Sufiansaid has a 75% market share in the foreign exchange market, with a focus on Forex pairs in particular. The account's primary trading strategies are bullish long-term and bearish short-term. He is among the top Forex traders in the Malaysian region, with more than 2,600 reputation points, 300 ideas, 1,100+ likes, and roughly 270 followers.

Sufiansaid invests time mentoring his followers' traders to help them and other potential traders who rely on the account for trading advice. Before or after placing active trades on the platform, Sufiansaid frequently posts his analysis of them. He creates a detailed and self-explanatory chart to assist traders in finding the ideal analysis of currency pairs, including EUR/USD and GBP/JPY.

And for many of his followers, this represents a turning point because their continued cooperation demonstrates how much his strategies are advancing their trading careers.

Ezone Constantine

Another prominent trader in Malaysia known to be among the best Forex traders in Malaysia is Ezone Constantine. Aside from being a famous Forex trader in Malaysia, Ezone Constantine has taught thousands of traders in the region.

The TAD trading system co-founder Constantine is well known for his uncanny ability to predict the future movements of currency pairs. His analysis of the foreign exchange market demonstrates his adaptability and trading expertise. Over time, Malaysian stock traders have come to rely on the TAD trading system as one of the top technical stock trading systems to guide their trading decisions. Chart pattern analysis, Fibonacci targeting, and Bollinger trading systems are each of this trader's strong suits.

With a bachelor's degree in petroleum engineering and a practical understanding of the financial markets, Ezone has over ten years of experience in a range of markets, including, mutual funds, currencies, and stocks. Constantine turns amateur traders into professionals through his well-known Forex trading course, the Ultimate Forex Program (UFP).

His understanding of the Forex market and experience qualify him to become a Certified Financial Technician (CFTe). Additionally, Ezone Constantine belongs to the Society of Technical Analysts (MSTA) in the UK.

SL-Trade

The majority of the best Forex traders in Malaysia are recognized by the activity on the trading accounts used by the undisclosed traders. Among these successful but discreet traders, SL-Trades stands out. This account is another name on the list of the richest Forex Traders In Malaysia.

SL-Trades account belongs to a trader from Sarawak, Malaysia, but it has become well-known due to the achievements made in the brief amount of trading time it engages in. The SL-Trades account has accumulated 1,103,582 likes, 179 followers, and 103 shared ideas since it was first utilized for trading purposes about a year ago.

Based on the activities on the account, it is believed that the trader using it is a top Forex trading expert and a well-known stock investor. His trading statistics show that he spends 7% of his money on commodities and 35% on other trades. The adaptability of SL-Trades to engage in various trading spheres is evidence of his skill as a trader.

SL-Trades trades stocks and foreign exchange, and his website provides trading information for both markets. Being active in several markets exposes him to different trading patterns, enabling him to offer top advice to traders on the best Forex pairs to trade and the best time frames.

MyTradingSpaceJK

MyTradingSpaceJK, which ranks first on the list of the wealthiest Forex traders in Malaysia, is another account belonging to a prosperous trader. The owner of the account is a Malaysian by the name of Jeanne Kong.

Previously known as Jeannek, the female trader has been trading currency pairs on TradingView for more than 5 years, and her efforts have not gone unnoticed. Since 2011, Jeanne (JK) has maintained an active presence on several social media platforms where she shares her professional knowledge of effective trading strategies.

Her successful trades and trading exploits quickly earned her 152 followers, 188 likes, and 429 reputation points. One-fifth of Jeanne Kong's followers are actively engaging on her page, which has led to a remarkably high engagement rate. With a focus on commodities trading at 58% and cryptocurrency trading at 33%, this trader is renowned for being reliable and active.

Jeanne Kong is among the best Forex traders in Malaysia. She keeps track of transactions and makes it possible for others to benefit from each transaction and develop their trading skills.

How to become a successful Forex trader in Malaysia

You started trading Forex in Malaysia to make money, correct? Thus, to become a prosperous Forex trader in Malaysia, you must be eager to learn from the best and follow in the trader's footsteps. This is because many successful traders became millionaires by getting involved in different financial operations.

Many invested time in perfecting existing strategies and analysis tools, while some developed brand-new strategies to win trades. Therefore, to become a successful trader, start with easy objectives like learning to place trades and profit from them. However, there are other factors to take into account before placing trades:

Most of Malaysia's top Forex traders agree that traders need a trustworthy mentor and broker. They advise beginners to choose carefully and look for a broker with a long history in the Forex market. Traders should look at each broker's:

Common characteristics among the best Forex traders in Malaysia

The best Forex traders in Malaysia have some things in common. And that includes:

What are some common mistakes new traders make?

Trading is not voodoo, so traders should not expect to use some mystical powers to predict price movement. It is common among novice traders to think that with some sort of divine ability, they can win trades. Since trading is a skill that takes practice to master, these fantasies are frequently short-lived. Some of the mistakes made by new traders when training in the Forex market are:

Is Forex trading a good career in Malaysia?

Forex trading can be a lucrative career in Malaysia due to the country's robust financial market and economy. With a strong capital market that has undergone continuous development over the past 60 years, the nation has one of the most open economies in the world, facilitating trade and investment activities. Malaysia's diverse and open economy remained relatively resilient in the face of volatile international markets.

Howerever, Forex trading in Malaysia carries inherent risks, including currency fluctuations, leverage-related losses, and market volatility, which can result in significant financial losses for investors. It is important for individuals engaging in Forex trading to have a comprehensive understanding of these risks and employ proper risk management strategies to protect their investments.

Is Forex legit in Malaysia?

Yes. Forex trading is entirely legal in Malaysia, but Malaysian traders are only permitted to buy and sell foreign currency through authorized and regulated brokers. The Malaysian Securities and Exchange Commission (SEC) protects traders while allowing Malaysians to profit from trading on the largest financial market in the world.

Best Forex brokers in Malaysia

1

9.4/10

Go to broker

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

Minimum deposit:

$50, $100 (for UK clients)

Bonus for deposit:

0%

Regulation:

CySEC, FCA, ASIC

Review

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA. eToro Profile Details

Pros/Cons

•the minimum transaction amount for copying is $1;

•handy functionality for passive investing;

•regulated by independent monitors;

•it is possible to purchase contracts for fractional shares (that is, to invest amounts less than the cost of one share);

•it is possible to buy shares at once (not CFDs) on the US stock exchanges.

•high spreads;

•periodic technical failures in order execution;

•lack of the most popular platforms such as MetaTrader 4 and MetaTrader 5 in Europe and the CIS;

•no access to ECN systems, orders are processed only according to the STP (straight-through processing) scheme with access to specific liquidity providers;

•there is a commission for withdrawing funds;

•impolite support staff;

•inconvenient website.

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2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

No minimum

Bonus for deposit:

0%

Regulation:

FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA

Review

The name OANDA is an acronym for “Olsen & Associates” or “Olsen AND Associates”. It is registered in the United States and provides its clients with a wide range of financial services in most countries of the world. The company was founded in 1996 and is currently regulated in four jurisdictions. The main regulator of the broker is the UK Financial Conduct Authority (FCA). Oanda Canada is licensed by IIROC. The company has several significant awards to its credit, including a victory in the category "Best Forex Trading Technologies" from the UK Forex Awards, "Best Trading Platform" from FX Week, as well as "Best Customer Service" from the US Foreign Exchange Report.

Pros/Cons

•Minimum deposit from 1 dollar.

•A large selection of the most popular trading instruments.

•Several reliable and reputable financial regulators.

•Inconvenient and poorly functioning site.

•Lack of cent accounts.

•Lack of bonus programs.

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