On OctaFX
Tuesday, July 12, 2022 6:30 PM MYT
If everyone who is familiar with Forex lived in the same city, it would have to be bigger than Kuala Lumpur. This result was obtained by the analysts of the global broker OctaFX. The investor further researched the potential of the Forex market in Malaysia. While many people have heard about Forex, as noted by the research team, how many of them are still using this financial tool? Let’s take a closer look.
KUALA LUMPUR, MALAYSIA – Media OutReach – 12 July 2022 – According to OctaFX research, nearly 80 percent of the working population in Malaysia is familiar with the Forex market. This is more than 12 million people — more than eight times the size of the country’s capital.
The global publisher conducted a large -scale survey of the Malaysian population and found a large number of people of all genders, ages and occupations who consider Forex to be an asset. In related research, more than 4.7 million people said they trade Forex with vigor.
In other words, one in six Malaysian parents invest in Forex, and this number is expected to grow. There are about 215 thousand people in the country who work hard in trade every month.
Forex experts Kar Yong Ang make an opinionated forecast about the growth of the Forex market in Malaysia: ‘With the recent changes in the economy due to illness and locks, more and more people are looking for another source of income, and I believe marketing is one of the best cars. to earn some extra money. You can trade on the go and from the comfort of your own home. You can choose how much time to devote to it. As people start to realize the importance of investing, I think a lot of people will start to see the benefits of Forex as a way to earn more money according to their style. interest rate.‘
The number of strong traders today is staggering, even though it is supported by similar numbers from a well -known industry source. According to Finance Magnates, Malaysian investors are investing over 76 million USD each month on Forex, making Malaysia one of the four promising countries for development in this market.
One of the most interesting results of the OctaFX research shows that women are more interested in Forex trading between the ages of 18 and 29. Presumably, a liberal college can allow women to trade. think outside the box and feel free to try new things. According to the data, they were comfortable – and, very confident – claiming their places in the market and other places occupied by men. Currently, men are more active in Forex between the ages of 30 and 44.
The researchers also wanted to learn some common reasons for people to stop investing in Forex. As can be seen, one of the most important barriers is lack of knowledge or experience in trading. Fortunately, today many educators are free – it just takes effort to educate them.
He is a marketing professional Gero Azrul reinforces the importance of constant training and the development of a competitive market. Beginners or those who do not rely on their skills should consider training first in the history. demo. There are many brokers that offer them, and they are a good tool for testing the strategy. You should also take the time to read educational articles, watch webinars, and attend online Forex courses. In addition, it is best to return to the definitions of key words, concepts, and concepts. Lastly, you need to keep up to date with the latest financial news. ‘ said Mr Azrul.
Malaysia’s Forex market continues to grow, expect more people around you to join. Be careful not to bump into someone in front of you who is distracted by the phone. They may be trading now.
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About OctaFX
OctaFX It is the world’s leading financial services retailer providing online marketing services worldwide since 2011. It provides everything they need to achieve their financial goals, providing the highest standards of use. by more than 11 million customers worldwide.
The organization operates a comprehensive network of philanthropy and humanitarian activities, including improved educational opportunities, short -term relief efforts, and support for local communities and small and medium -sized businesses. .
OctaFX has won over 45 awards since its inception, including the 2021 ‘Best ECN Broker’ award by World Finance, the 2021 ‘Best Forex Broker Asia’ and the ‘Best Forex Broker Malaysia 2022’ award from Global Banking. & Finance Review.
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