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Bursa Malaysia Stocks Trading Tips for Beginners

This post is dedicated to those,  who want to know how to start trading in Bursa Malaysia stocks market? What are the things that make you eligible to become a Bursa Malaysia trader? How can you trade with stocks signals?

Things to be remembered for Bursa Malaysia Stock Market

Let’s start with eligibility to open an account in Bursa Malaysia stock market. Here is a simple step-by-step guide on your queries for Bursa Malaysia Trading:

Step 1: Age Factor

Do you meet all requirements to trade at Bursa Malaysia?
You must be no less than 18 years of age. If not, hold up until your eighteenth birthday celebration.

Step 2: Open CDS Account

You can do this by moving toward an approved safe operator, for example, stockbroking organization and a few banks.
1. Provide photocopies of IC (identity card)

2. Fee RM10

Step 3: Open an account with a stockbroker

This will be done at the same time when you open the CDS account.

1. Need to provide income statement

2. Fill out the trading account form

3. The stockbroker will check your credit status at CTOS (Credit Tip-off Service) and stockbrokers’ defaulters’ list – in order to qualify you and set your trading limit

Step 4: Get a Remisier

Regularly your stockbroker will delegate one to you on the off chance that you don’t have a specific inclination.

1. Remisier must be authorized by the Securities Commission

2. Remisier encourages you to influence the request: to offer? or on the other hand purchase? at what cost?

3. Get somebody you like and dependable as your Remisier

Step 5: Learn about Stocks Buying and Selling

Your stockbroker gives you access to an online system. You will use this online system for trading in Bursa Malaysia stocks. Most of the stockbroker provides a free training session to get friendly with the online system. With this online trading system, you can buy or sell stocks with a respective market price of stocks.

Step 6: Payment Transaction for Stocks Trading

When you buy a share of company S, your CDS account will be credited with a share
S at 9 AM on T+3 (T=trading date). The 3 days only include working days. Your payment had to be made on 12.30pm that day. If not, your share will be forced sold at a contra loss or contra gain.
This also includes deduction of broker fee over your trading.
Fees involved:
1. Stamp Duty – RM1 for every RM1,000 worth of value

2. Clearing Fees – 0.03% of contract value subject to a cap of RM200

3. Brokerage fees – maximum 0.7% of the value of total shares traded, normal practice is 0.6%

Step 7: Market Analysis:

Trading shares aren’t for the feeble, and particularly not for those searching a simple way out. To receive the benefits, you should get your work done by inquiring about the organizations you wish to put resources into.

This incorporates setting aside the opportunity to break down the organization’s business methodologies, the nature of administration, its association with providers and clients, and that’s only the tip of the iceberg.

You should likewise monitor corporate improvements through sources, for example, the Bursa Malaysia site’s “Declarations” page and the news.

There is no certain fire approaches to profit from exchanging shares, however here are some regular rules that most offer dealers live by:

Distribute Your Investment

As the truism goes, “don’t put every one of your eggs in a similar crate.” Prudent financial specialists possess supplies of various organizations in various ventures, and once in a while even in various nations, with the desire that a solitary terrible occasion won’t influence the majority of their property without a moment’s delay.

Think long-term Investment

As a long haul speculator, you ought not to freeze if your investment(s) encounter sudden, here and now changes. When following the exercises of your ventures, dependably take a gander at the master plan. Be certain about the nature of your speculations, rather than being apprehensive about the unavoidable volatilities of the market for the time being.

 

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