Every sixth Malaysian came across Forex before, and they are likely

KUALA LUMPUR, MALAYSIA – Media OutReach – 2 November 2021 – 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.

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.

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…