In a special interview the owner of tickets for MOTO GP and the winner of Big Asia Contest shares his secrets of success and meditations about trading and Forex trends in Malaysia.
1. Before we start, if you do not mind, say a few words about yourself: how old are you? Where are you from? What about your parents? Where do you live now? What is your education? Say a few words about your profession and occupation?
At this time I was 34 years old. I am originally from Kudat, Sabah (East Malaysia). I was born on March 28, 1981. My parents were ordinary people and I support my family with a small business. Now I live in Tenom, Sabah because I work as a primary school teacher and teach mathematics. I have a Bachelor of Chemical Engineering from the University of Malaya, Malaysia. After graduating from University, I worked on contract with the Department of Mechanical Engineering, University of Malaya as assistant researcher. After that, I changed my career as a primary school teacher to teach mathematics.
2. How long are you engaged into the world of Forex? What was a trigger: just curiosity, hazard, desire to make a lot of money, or anything else?
I got to know the Forex as early as 2009 from friend and also my closest relative. At first, I was just someone who always lose capital because of not knowing about Forex trading, but I learnt Forex myself.
3. Maybe you took some trading courses? Or you studied everything yourself?
During my involvement in trading Forex, about 7 years, I only learnt Forex from friends and through experience. Besides, I also learnt through reading articles or a discussion about Forex available on the Internet. Among the websites that are useful here I would recommend
www.forexfactory.com
4. Do you trade on Forex, or you only act as IB of MFX Broker?
At the moment, I do Forex trading and in the meantime I am also IB of MFX Broker.
5. Why did you decide to become an IB-partner? And why did you choose MFX Broker? How did it happen?
After examining the opportunities provided by MFX Broker, I was so enthusiastic and very excited with the opportunity to become a partner of MFX Broker. I also found that MFX Broker’s program is one of the best business opportunities compared to other brokers.
6. Now here comes the question of huge concern: can trader earn for a living being just with trading on Forex? Or is it possible to become a millionaire?
Based on my experience as a Forex trader, usually profit generated by the Forex trader is unlimited. Unlike other businesses where traders gain fixed income. In my opinion only the Forex trader can get good profits even with small capital. Therefore, Forex traders have the opportunity to become a millionaire in Forex.
7. And the same question to you as a partner: do you think it is possible to become financially independent being an IB-partner?
Through the program available in MFX broker, a partner is able to benefit from commissions earned as a result of Forex trading or investment from the client. Thus, a partner will earn additional income besides being a Forex trader.
8. By the way, what do your relatives think about your occupation? Do they support you, or advise not to spend all your time for it, and do something else or more “serious” instead?
As has long been in the business of Forex, all my relatives were very supportive and they are the ones who have helped me in winning the Big Asia Contest.
9. How did you get to know about Big Asia Contest held by MFX Broker? Why did you decide to participate in it?
I got to know about Big Asia Contest accidentally by reading each section in the menu on the MFX broker website. When I read and fully understood the rules of the Big Asia Contest, I have decided to participate in this competition and try to win one of the prizes on offer.
10. Did you believe in your victory? Or the first place appeared to be a surprise for you?
Actually I do not still believe that I've got the first place in Big Asia contest. My heart was not calm until the last minute of the match because of participants from other countries who took part and did not give me an easy ride but they gave a good fight until the last minute.
11. Are you pleased with your prize VIP-tour to Moto GP Gran-Prix for two persons? Or you think the prize could be better?
Actually, in my opinion MFX Broker company has been trying its best to give the best gift to the winner of Big Asian contest. Even so, since I come from Malaysia, then this tour for me is like a local tour.
If I were given the opportunity to make visits abroad, I would be very pleased if given the opportunity to make a study visit to MFX Broker head quarters in St. Petersburg. Through this study tour, I would be exposed or taught how to become a successful IB.
12. How did you engage clients? You just used your website, or looked for future traders among friends and familiars? Or both? Can you reveal some of your professional secrets?
As a first step, for now I'm just introducing MFX Broker to my own family, colleagues and close friends through social media such as WhatsApp or Facebook.
Even so, I prefer face-to-face approach because it is more efficient and more convincing than through social media. Client can also find all the advantages of the MFX broker.
13. And one more professional question: can you describe your average trader: man or woman, age, profession, Forex qualification level, average deposit?
In the majority, my clients are male traders of about 30-40 years. Most of them are professional teachers, contractors and accountants. On average they have about 1-3 years experience in Forex. Deposit rate is around 500-600 USD.
14. Do you have favorite clients? Who are they?
Actually I do not like to discriminate against clients because for me all my clients are given equal treatment, regardless to experience or Forex deposit amount. All my clients are very valuable to me. However I would specify two customers who actively assist me in introducing MFX Broker to the public: i.e PANGERAN SHUKRI HJ MUSA and JAMRI MOHD HASSIM.
15. How do you evaluate Forex prospects in your country? And which factors can cause more dynamics of the sphere in your opinion?
In Malaysia on-line business is becoming increasingly popular. Many Malaysians have shifted to start a Forex business rather than ordinary business because it does not require the payment of rent of the shop as it can be done directly in the house.
Investment opportunities in Malaysia are very good because local banks provide lower rates of return of only around 8-10% per year. MFX Capital’s offer is very good because they offer returns of up to 60% per annum.
After seeing the commission provided by MFX Broker to the IB, I am confident to attract traders and investors from other broker to use MFX broker. This is because the commission provided in partnership system here is the highest compared to other brokers.
16. If it is not a secret, what is your aim in life and in Forex in particular?
First of all I want to expand MFX Broker throughout Malaysia because MFX Broker is the best broker and be the most valuable in the world. And I strive to be a Forex millionaire by introducing more and more traders or investors in Malaysia working under MFX broker.
17. And finally, the last question: do you have any wishes for MFX Broker? Is everything great? Or something should be changed or improved?
Creating more local depositor in order to process deposits and withdrawals would be great. Traders or investors are free to choose local depositor when making deposits / withdrawals. I'm also working on a local depositor to facilitate the process of deposit / withdrawal for clients under my care. I also think that improving MFX Broker website by creating space for post / thread for discussion as found in the website forexfactory where investors or traders can share their experiences and exchange ideas would be a nice solution. And finally setting the fixed value of Ringgit Malaysia (RM) against the USD dollar because of the RM depreciation at this time would also be a very useful measure for Malaysian clients. I have read the news confirming that the Indonesian rupiah has been set in the 1USD = 10 000 IDR (rupiah) by MFX broker. This will provide advantage to the trader / investor to make a deposit using MFX broker if the exchange rate RM to USD is lower.
Always yours,
MFX team