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Bursa Malaysia Stocks Trading Tips for Beginners

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Title: Bursa Malaysia Stocks Trading Tips for Beginners


1
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?

2
Things to be remembered for Bursa Malaysia Stock
Market
  • Lets 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

3
  • 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

4
  • Step 4 Get a Remisier
  • Regularly your stockbroker will delegate one to
    you on the off chance that you dont 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

5
  • 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 T3 (Ttrading 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.

6
  • 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 arent 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 organizations business
    methodologies, the nature of administration, its
    association with providers and clients, and
    thats only the tip of the iceberg.
  • You should likewise monitor corporate
    improvements through sources, for example, the
    Bursa Malaysia sites Declarations page and the
    news.

7
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, dont 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 wont influence the majority of
their property without a moments 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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