Should I Invest In CFD?

CFD or Contract for Difference. Let's talk about CFD today. More importantly, I hope that you will find the answer towards the question "Should I Invest in CFD?"

CFD is a popular form of online investment in Malaysia (with parts in the world). Lucrative and legal, this is very popular especially in short term investment or short trading. 

Disclaimer

CFD trading is extremely risky and in most cases, it can lead to losses if you are not careful with leverage and trading. 

Should I Invest In CFD?

In order to answer this question, you would need to answer these few questions:

  • Are you willing to take up high risk investments or portfolios?
  • Are you looking for short term investment?
  • Are you looking for an online investment which is not MLM or ponzi?

If your answer is "yes" to all the above, CFD might be right for you.

How much money can you make from CFD?

It really depends but in most cases, you can make quite a nice sum if you are constantly 'market-aware.'

Profit Margin = 1 - 5% on most days

The profit margin on CFD is pretty decent compared to the risks involved. If you play without leverage, 1 to 5% is pretty much the profit level you can make in a day trading. Unless you are trading on cryptos which are highly unstable, you might experience losses or profits up to 50% or 100% in some cases.

How much should you start investing in CFD?

It really depends but I will always recommend to start small. eToro, a leading CFD platform with over 1 million downloads on Android store itself require a minimum deposit of USD$200 (around RM900). Plus500 which is a great alternative to eToro require a minimum deposit of RM500.

Second disclaimer: I'm a happy client of eToro and it is the best CFD trading platform for me (less confusing and easier to use for me). Click on the banner below to try for yourself today.

Malaysia is Directing Its Three Largest Industries to Blockchain Technology

The Malaysian government is seeking to explore blockchain solutions in the nation’s three largest industries: renewable energy, palm oil, and Islamic finance.

A task force named the Malaysian Industry-Government Group for High Technology (MIGHT) will be spearheading the move to adopt blockchain in each industry in order to increase transparency, sustainability, and logistical efficiency according to a report published last week.

Renewable Energy

MIGHT holds talks with energy companies in Malaysia to evaluate the ways they could be using blockchain to increase renewable energy adoption. When sellers put energy on the blockchain, the transparent nature of the system means that they must declare exactly how the electricity was generated for buyers to scrutinize. Through blockchain adoption, buyers can now choose to buy green or renewable energy only, whether from energy companies or even private owners of solar panels with excess energy, a process which is often far more efficient than sending energy over longer distances from non-local power stations.

Tenaga Nasional Berhad (TNB), Malaysia’s sole provider of utilities, has already looked into blockchain solutions and the General Manager of Innovations stated that the company has been holding workshops to identify use cases and discuss adoption with business owners.

Palm Oil

Palm oil is a controversial product at the moment due to unsavory reports of bad practices and child labor being used in the industry around the world. Blockchain adoption can help identify certified palm oil operations with ethical practices and allow buyers to identify the source of their palm oil before making a purchase.

Around 8% of Malaysia’s GDP comes from agriculture, and 43% of agricultural revenue comes from palm oil sales, making this a major area to undergo blockchain adoption. As well as having benefits for buyers, blockchain adoption would help the government identify and monitor palm oil operations with sustainable practices and regulate accordingly.

Islamic Finance

As CCN has reported before, Islam forbids usury (the collection of interest on a loan) under the principle that money has to be based on a real commodity and cannot simply be generated from more money. Debt creation must be backed by something like gold as opposed to futures as is common practice in Western fractional reserve banking, the system that is to blame for the 2008 world financial recession.

Islamic finance could also see a significant boost by adopting blockchain.


The strict ethical regulations in Islamic banking create higher overhead costs in the industry, and Malaysia is looking into how blockchain could help offset these costs while remaining compliant with Sharia law. Already in the Middle East banks have begun pegging debts to units of gold and representing the debt as a smart contract on the blockchain.

Crypto firms in Dubai and Malaysia have also pegged sums of gold to cryptocurrency units to allow debt creation compliant with Sharia law.

Images from Shutterstock.

HYIP Malaysia Guide: Let’s Talk About High Yield Investment Programs Malaysia

I wrote several lengthy posts on High Yield Investment Programs or HYIP's in the early 2017 and I scrapped the plan altogether due to the risk and the volatile market. Recently, I decided to go deep into online investment in Malaysia (after some pestering from friends).

In today's post, I hope to share some light on HYIP's in Malaysia.

Important Disclaimer

Investing in HYIP in Malaysia is legal (lies in the grey zone) but is extremely risky. This means that there's a high chance of you losing all your money. If that's your main concern, then you should stop focusing on 'get rich quick' schemes and instead, focus on safe investments such as buying shares and cryptocurrency. 


If you are one of those in Generation Y and Z, you might think that investing is old school - imagine going through a broker and buying shares and bonds. Boring, right?


Bonus: Learn how to start online investing in Malaysia minus the massive risks. How to invest online using eToro? Click here.

What is HYIP?

HYIP or High Yield Investment Programs are 'get rich quick' programs (also known as skim cepat kaya). Extremely high risks and in return, the returns are always much higher compared to normal share tradings and other forms of online investments.

How does HYIP works?

Investors are required to invest an amount into the program with the promise of high returns. In most cases, HYIP's are often seen providing returns as low as 20% and as high as 50%.

Why will HYIP close down?

High Yield Investment Programs are mostly ponzi schemes or pyramid schemes. The deck of cards will crash one day and the most common question is "when" (and not "how"). When there are more investors, this means that the owners of the programs will be getting a lot of cash with minimum investment.

Will I make money from HYIP Malaysia?

Early adopters or investors in HYIP will make the most money. Generally, a program will take around 3 to 6 months to gain profits before the owners decide to close the programs down abruptly. Therefore, joining in and leaving early is the best way to reduce your risk of losing money from HYIP.

What is the safest HYIP to participate in for Malaysians?

The answer is "none." Sadly, the risk is just too high. When it comes to HYIP, there isn't anything as 'safe.' Every investment involves risk and HYIP is the highest risk of all. In return for the risk, you will be rewarded with massive profits if you have the right strategies and investments.

Do you want to get the latest news on online investment and HYIP in Malaysia?

I was an active HYIP investor in 2017 and I managed to generate tenth of thousands of dollars from HYIP's. To be exact, I've invested around $10,000 in various HYIP programs and I ended up making close to $55,000 in just 6 months. While I admit I made some losses in the early days of investing, I made way more once I learned the trick to investing in HYIP's. Recently, I've recently started an online newsletter (for free) where you will get daily updates (and tips) on important news on online investment, stock trading and HYIP's. It's totally free (for now) and you can do so by clicking on this button below.

Which Is The Best Bitcoin Wallet In Malaysia?

Nearly everyone is talking about cryptocurrency and online investment these days. While cryptocurrency is slowly trending in Malaysia (slower compared to most parts of the world, or developing countries), it certainly doesn't stop many Malaysia to step into this volatile market. 

Bitcoin is the most popular cryptocurrency and in order to trade, buy or sell Bitcoins, you are required to have a Bitcoin wallet. A Bitcoin wallet is used to store Bitcoins and it is important to use reliable ones. In this post, I'll share with you my personal favorite for the best Bitcoin wallet in Malaysia.

Which is the best Bitcoin wallet in Malaysia?

I have used quite a few Bitcoin wallets including major ones such as CoinBase and BlockChain Wallet. While these are overseas platforms, I totally understand that some Malaysians felt that these are too risky. Therefore, you will be surprised to find many Malaysians actually opt for local platforms to store their Bitcoins.

If you are looking for the best Bitcoin wallet in Malaysia, I recommend you Luno as it is a local company/platform and you can easily buy/sell Bitcoins and other cryptocurrency in just a few clicks.

It also has mobile applications which you can download straight into your iOS or Android devices. 

Luno Best Bitcoin Wallet In Malaysia

This is what it looks like on the backend (once you signup with Luno). 

Why choose Luno to store Bitcoins?

Firstly, it is secured and as a Malaysian myself, I feel it is extremely safe to use Luno to store my Bitcoins. The company is very interactive and has no issues trying to assist customers to get started with keeping and trading cyrpotucurrencies.

Secondly, you can create multiple Bitcoin wallets to store your Bitcoins. This means that you can easily tag and use multiple wallets for different transactions. If you are a person who likes full control, this is it!

Still looking for the best Bitcoin wallet in Malaysia?

I'll recommend Luno anytime of the day and if you don't have an account, click here to sign up (and get RM5 credit when you perform a transactions worth over RM250)!

Investing Online For Malaysian: Complete Guide In Using eToro Platform

Being a Malaysian, I realized that it is really hard to invest online. Firstly, there are many online investment scams and the Malaysian law is rather strict when it comes to investing online. This guide is created to share some lights especially with investing online for Malaysian.

Understanding online investment in Malaysia

There are many (and I seriously mean many) online investment platforms in Malaysia. Do a search for "investing online for Malaysian" and you will be greeted with this familiar sight.

Online Investing In Malaysia

There are pretty much 26.9 million search results which is pretty crazy. And of course, I'm thankful for you landing on this post of mine. I'm truly humbled!

What is online investing in Malaysia?

Instead of getting a broker and buying stocks from the share market in Malaysia, you invest your money on one or more trading platforms. In this case, it means that your buying and trading will be done in the online world, with the help of the Internet.

Is online investing in Malaysia safe?

Everything has risks and the same goes to investing online for Malaysians. You should pay even more attention for online investing because every transaction happens online—thus, the risk of scam is way much higher.

How to know if the online investment platform is a scam?

Typically, I would look at their payout mechanism and the number of feedback they have in the online world.

The access to Internet allows us to find the deepest lies (in this case, scam) by these online trading platforms. You can use Google by searching using the advanced search "online investment platform" + "scam". You may also search for "online investment platform" on Facebook or Twitter to determine the legibility of the platform.

Another way is to understand the earnings mechanism. Always remember that when it comes to online investment for Malaysian, too good to be true is a God-given sign to 'run away'.

What is the best platform for online investing for Malaysian?

My personal favorite is eToro (a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom).

Apart from being a reputable online trading platform, I choose eToro because of it's deposit mechanics. Once you verify yourself with a scanned copy of your utility or credit card bills, you can start trading as low as with a deposit of USD $200. In other words, it's around RM 1,000.00 after the conversion.

For those of you who wants to try out online investing without spending money, you can also use eToro virtual training where you are given $100,000 credit to familiarize yourself with the platform. Of course, it is just a demo version and thus, no real money transaction will occur (and you don't have to deposit a single dollar).

Here's a screenshot I've taken just moments ago.

eToro Investment Virtual Equity

As you can see, I invested (virtually) in stocks and I made the most money investing in cryptocurrency. There's where I made a profit of $54,562.82 (I was given $100,000 worth of virtual currency to test out the demo).

How to start investing on eToro? A simple guide for online investing for Malaysians.

Firstly, you need to create a free account on eToro (click here to sign up). The process involves performing a detailed verification and this includes updating your profile, answering a few questions and finally, uploading a copy of your utility bill (to prove that you are real). The verification could take up to 5 days but mine was approved within two hours.

Once your account is verified, the next step is to perform a deposit. Deposit varies based on your nationality and as a Malaysian, I'm required to deposit a minimum of USD $200 to start an account. 

On eToro account or dashboard, click on the blue button on the left (Deposit Funds) and you can choose the type of payment method using the drop down button.

eToro Deposit Malaysia

Investing online for Malaysian and make money? Is that possible?

Lastly, the most important question to date. How can you make money by investing online in Malaysia?

While there is no easy way to make money online, the framework to success is rather simple using Warrent Buffett strategy. 

Want to make money in online investment? Always remember to buy when people sell, and sell when people starts buying. Do this often enough and you will be making more money than you can imagine (with minimum or no losses at all).

Are you ready to start online investing in Malaysia?

I hope that you will find some jewels in this guide on online investing for Malaysian.

Are you an online investor? Leave a comment below and tell me what you think.

Cryptocurrency Malaysia: What do you need to know?

Cryptocurrency in Malaysia. Malaysia is not 'protected' from the bloom of cryptocurrency and early adopters in Malaysia made quite good money from investing in crytopocurrency.

Here's the thing. You are now to cryptocurrency and you want to know more about it. Lucky for you, you are going to find a lot of information here. If you are living in Malaysia and reading this, I highly recommend you to share this post with your friends.

Introduction to Cryptocurrency in Malaysia

Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Source. 

Is cryptocurrency safe?

Cryptocurrency is entirely safe. Buying a few cryptocurrency such as Bitcoins for saving won't hurt. As a matter of fact, it could be a great low-risk investment for many. For example, spending RM 100 to RM 200 per month on buying cryptocurrency for saving can lead to profits multiple folds in the long run.

Where to buy cryptocurrency such as Bitcoins in Malaysia?

There are many trading partners in Malaysia where you can buy cryptocurrency. My favorite is Luno for Bitcoin and Etoro for buying/selling. I rather buy Bitcoins from Luno because it is approved by the Bank Negara Malaysia (BNM) and I can link up my Maybank or CIMB account with Luno (which makes buying Bitcoin in Malaysia much easier).

Understanding crytocurrency pricing

Cryptocurrency pricing changes every second—just like shares in the real world. Buying cryptocurrency such as Bitcoins is always an investment and shouldn't be used as a MLM, ponzi or get-rich-quick scheme. Keep buying to the minimum and do not overkill or get obsessed with cryptocurrency.