Forex Yellow Pages

CHINESE AND LOWER CLASS IN MALAYSIA : HOW WELL OFF ARE THEY ?

By Dr Lim Teck Ghee

“WHAT? CHINESE POOR?”

Soon after I returned to Malaysia in late 2005, I met with a former president of the country’s major Chinese party in his office. During the discussion which covered a range of issues, I expressed my concern at the failure of the Chinese political leadership to deal effectively with the socio-economic problems and challenges that the community was facing. Read more…

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Currency traders face complexities and nuances come tax time. Currency futures are treated like other types of futures; your accounting is a snap and you enjoy lower 60/40 blended tax rates. However, cash forex can be an accounting nightmare and you face higher ordinary tax rates, unless you �elect out� of IRC 988 for 60/40 treatment. 

By Robert A. Green, CPA 

When it comes to trading in currencies, special tax rules apply.

There are two distinct types of currency trading and each has profound differences in tax and accounting rules.

First, you can trade in currency futures on regulated commodities exchanges and these futures are treated the same as other commodities and futures � as IRC section 1256 contracts.

Or, you can trade �cash forex� in the interbank market (not on regulated futures exchanges) and you are subject to an entire set of special rules � as IRC section 988 contracts. Read more…

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You don’t have to be a daily trader to take advantage of the forex market – every time you travel overseas and exchange your money into a foreign currency, you are participating in the foreign exchange (forex) market. According to the 2007 Triennial Central Bank Survey of Foreign Exchange and Derivative Market Activity conducted by the Bank for International Settlements, the forex market generated $3.2 trillion dollars worth of transactions each day. This makes the forex market the quiet giant of finance, dwarfing over all other capital markets in its world.

Despite this market’s overwhelming size, when it comes to trading currencies, the concepts are simple. Let’s take a look at some of the basic concepts that all forex investors need to understand. Read more…

The declining value of the U.S. dollar has been making financial headlines lately. After hitting an all-time low in April 2008, the dollar rallied strongly in last fall’s financial crisis as investors sought safe havens, but it has once again fallen as the world economy has recovered. As of Oct. 19, 2009, the IntercontinentalExchange Dollar Index has fallen about 15% from the high it reached in early March.

he causes behind the weak dollar are many and complex, but essentially this means that investors around the world have become less confident in the future stability of the dollar and more confident in other currencies. The effects of the weakening dollar can also be complicated, but the upshot is that it’s cheaper for people in other countries to buy American-made goods and services and more expensive for Americans to buy things sold in other currencies. Read more…

There has been a boom in the Forex trading business due to unlimited entrants to this business. Forex is basically dealing in Foreign Exchange. The investors are able to purchase and sell currencies depending on the conditions. Buying and selling of currencies help the investor in getting good returns on the investments. Just like the stock market, you need to buy when the market is low and sell when the market is high.

Anyways, it is not as easy as explained; otherwise everyone would join the Forex market. But if you have spent enough time, researched and done your homework, it would easier for you to understand the FOREX and also the nature of the business. To be successful in this business, you should be able to predict the market, its changes, keep track of the rise and fall of currencies. Read more…

One of the great advantages of trading currencies is that the forex market is open 24 hours a day (from 5pm EST on Sunday until 4pm EST Friday). Economic data tends to be one of the most important catalysts for short-term movements in any market, but this is particularly true in the currency market, which responds not only to U.S. economic news, but also to news from around the world. With at least eight major currencies available for trading at most currency brokers and more than 17 derivatives of them, there is always some piece of economic data slated for release that traders can use to inform the positions they take. Generally, no less than seven pieces of data are released daily from the eight major currencies or countries that are most closely followed. So for those who choose to trade news, there are plenty of opportunities. Here we look at which economic news releases are released when, which are most relevant to forex (FX) traders, and how traders can act on this market-moving data. Read more…

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Tan Sri Robert Kuok Hock Nien (born 6 October 1923, in Johor Bahru, Johor),
is an influential Malaysian Chinese businessman. According to Forbes his
net worth is estimated to be around $10 billion on May 2008, making him the
richest person in Southeast Asia.

Robert Kuok Hock Nien’s notes on the past sixty years
(On the occasion of Kuok Group’s 60th Anniversary 10 April 2009)

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