Business Daily Media

The Times Real Estate

.

Every sixth Malaysian came across Forex before, and they are likely to become regular traders, OctaFX reports

If all the people familiar with Forex lived in the same city, it would have to be bigger than Kuala Lumpur. This conclusion was reached by the analysts of the global broker OctaFX.

The broker recently researched the Forex market capacity in Malaysia. While many people have at least heard about Forex, as discovered by the research team, how many of them use this investment tool regularly? Let's take a closer look.

KUALA LUMPUR, MALAYSIA - Media OutReach - 12 July 2022 - According to the OctaFX research, almost 80 percent of the working-age population in Malaysia are familiar with the Forex market. This is over 12 million people—more than eight times the population of the country's capital.

OctaFX2.jpg

The global broker conducted a large-scale study of Malaysia's population and found that a significant number of people of different sex, age and profession consider Forex a promising investment tool. In the related survey, more than 4.7 million people claimed to trade Forex actively.

In other words, one out of six adult Malaysians invests in Forex, and this figure is expected to grow. About 215 thousand residents of the country are actively engaged in trading every month.

Forex expert Kar Yong Ang makes an optimistic forecast about the Forex market growth in Malaysia: 'With the recent economic changes due to the pandemic and lockdowns, more and more people are seeking an alternative source of income, and I believe that trading is one of the most attractive vehicles to make an additional income. You can trade on the go or from the comfort of your own home. You can also choose how much time to dedicate to it. As more people start to realise the importance of investing, I believe many will also start to see the benefits of Forex as a way of gaining an additional income or even as their preferred investment type.'

The current number of active traders seems realistic, in particular when supported by similar figures from a reputable industry source. According to Finance Magnates, Malaysian traders invest over 76 million USD per month in Forex, making Malaysia one of the four most promising countries for development on this market.

One of the most curious results of the OctaFX study suggests that women are most interested in Forex trading between the ages of 18 and 29. Presumably, a liberal university environment allows women to think out of the box and feel more freedom to try new things. As the data shows, they willingly—and, quite successfully—claim their places in trading and other spheres traditionally occupied by men. Meanwhile, men are most active in Forex between the ages of 30 and 44.

The researchers were also interested to learn some common reasons for people to stop investing in Forex. As discovered, one of the significant barriers is a lack of knowledge or experience in trading. Fortunately, today there are many freely available educational materials—it just takes dedication to study them.

Trading expert Gero Azrul emphasises the importance of continuous training and development to trade successfully. 'Beginner traders or those who are not confident enough in their skills should consider first practising on demo accounts. Many brokers offer them, and they are a great tool for strategy testing. It is also necessary to dedicate enough time to reading educational articles, watching webinars, and attending Forex online courses. Also, it is always good to return to the definitions of basic terms, strategies, and theories. Finally, you should always follow the latest financial news,' noted Mr Azrul.

As Malaysia's Forex market continues to grow, expect more people around you to become involved. Watch out to not bump into a person in front of you, distracted by a phone. They are probably trading right now.

Hashtag: #OctaFX

The issuer is solely responsible for the content of this announcement.

About OctaFX

is a global broker that has been providing online trading services worldwide since 2011. It offers everything one needs to reach their investment goals, providing top-notch conditions utilised by more than 11 million clients globally.

The company is involved in a comprehensive network of charity and humanitarian initiatives, including improving educational infrastructure, short-notice relief projects, and supporting local communities and small to medium enterprises.

OctaFX has also won more than 45 awards since its foundation, including the 2021 'Best ECN Broker' award by World Finance, the 2021 'Best Forex Broker Asia' and 'Best Forex Broker Malaysia 2022' awards from Global Banking & Finance Review.

News from Asia

PAObank Shared in World Internet Conference Asia-Pacific Summit in Hong Kong

Insights on the Potential of Commercial Data: A Path to Enhanced Financing Efficiency and Financial Inclusion HONG KONG SAR - Media OutReach Newswire - 15 April 2025 - ​The World Internet Conferen...

Consumer goods expo highlights China's growing allure for global brands

HAIKOU, CHINA - Media OutReach Newswire - 15 April 2025 - ​The fifth China International Consumer Products Expo (CICPE), held on the tropical island province of Hainan, has reaffirmed the country...

Recognising Purpose-Driven Excellence: ACES Awards 2025 Opens Nominations for the Philippines’ Most Visionary Leaders and Companies

MANILA, PHILIPPINES - Media OutReach Newswire - 16 April 2025 - In a region rich with ambition, the Philippines continues to lead with sustainability and purposeful leadership. The Asia Corporate ...

Hey! Chips Launches Singapore’s First Clean-Label Fruit Bites Snack

SINGAPORE - Media OutReach Newswire - 16 April 2025 - Singapore’s leading clean snack brand, Hey! Chips, is proud to introduce its latest innovation: Hey! Fruit Bites. A first-of-its-kind freeze-...

Sustainability progress to 2030 delivering value for Hongkong Land

Key achievements include: 33.3% reduction in Scope 1 and 2 carbon emissions against 2019 baseline, making good progress toward 2030 target...

Crayon’s Biennial Future of Operations Study Uncovers What is Driving SMB IT Spend in APAC

SYDNEY, AUSTRALIA - Media OutReach Newswire - 16 April 2025 - ​Crayon, a global leader in IT services and innovation, today announced the latest release of its biennial Future of Operations study ...

Shama Hub Metro South Hong Kong Unveils Characteristic Panda-Themed Rooms This Spring

HONG KONG SAR - Media OutReach Newswire - 16 April 2025 - Shama Hub Metro South Hong Kong ("Shama Hub Metro South"), a contemporary urban retreat and distinguished member of the ONYX Hospitality...

Zero Fintech Group Limited (Stock Code: 0093.HK) Announces Record-Breaking 2024 Annual Results

HONG KONG SAR - Media OutReach Newswire - 16 April 2025 - Zero Fintech Group Limited ("Zero Fintech" or the "Company", stock code: 0093.HK), a leading fintech innovator, is proud to announce its s...

All roles, all levels, all markets: General Assembly launches first-of-its-kind one-stop AI Academy to help companies close their AI skills gap

This is the first in Singapore to offer flexible AI courses geared towards all organisational roles – from business and operational teams to decision-makers – all in one place Unl...

Leong Yik Launches New Website & Enhanced Client Experience to Mark 7 Years in SG

SINGAPORE - Media OutReach Newswire - 16 April 2025 - Leong Yik Engineering & Contractor has launched a newly redesigned website to mark its 7th year of operations in Singapore. The new platfo...

Cutting edge AI technology designed for doctors to reduce patient wait times launched in NZ

New Zealand specialist doctors now have access to Artificial Intelligence technology to help reduce patient wait times and experts say it could be...

Launchd Takes Off: Former AFL Stars Lead Tech-Powered Platform Set to Disrupt Talent and Influencer Marketing

Backed by Institutional Capital, Launchd Combines Five Leading Agencies and Smart Technology to Deliver Measurable Results Influencer marketing i...

Meet the Australian fintech unlocking rewards for small businesses

Small businesses make up 98 per cent of all businesses in Australia, yet they continue to bear the brunt of economic uncertainty. According to Credi...

Teleperformance (TP) Business Insights Report Reveals Key Shifts in Consumer Behaviour

TP’s Business Insights report  into consumer behaviors and preferences, taking in more than 57,000 respondents across 19 sectors, is shedding new li...

HubSpot launches platform-wide AI tools to help businesses close the adoption gap

HubSpot today unveiled more than 200 updates across its customer platform to help businesses grow better. The release introduces smarter tools, new AI...

Why Every Leader Needs a Personal Branding Strategy in 2025

One of the best investments you can make in 2025? Your Personal Brand.In today’s competitive and digitally driven business world, authenticity and...

Sell by LayBy