A proper way of account opening that meet requirement by Deltastock AD and Central Bank of Malaysia (BNM):
You need to have:
ID translated and verified or passport
Utility bills (English version)
Signature Verification
For Malaysian, if you intend to bank wire, bank officer will need you to show reason to transfer money for investment purpose.
INVESTMENTS IN FOREIGN CURRENCY ASSETS BY RESIDENTS
The current limits for investment in foreign currency assets are applicable only to residents that have domestic ringgit borrowing and are converting ringgit into foreign currency to invest in foreign currency assets.
Investment in foreign currency assets
- No limit for residents without domestic ringgit borrowing
- Residents with domestic ringgit borrowing are allowed to invest as follows:
- No limit if funded by own foreign currency funds retained onshore or offshore;
- Up to full amount of approved foreign currency borrowing; and
- Up to RM1 million in aggregate per calendar year if funded from conversion of ringgit
- No limit if funded with own foreign currency funds retained onshore or offshore
- No limit if funded from proceeds of listing through initial public offering on:
- the Main Board of Bursa Malaysia; or
- foreign stock exchanges
- Up to RM50 million equivalent in aggregate and on corporate group basis per calendar year if funded from conversion of ringgit; and
- Up to the full amount of permitted foreign currency borrowing
2Resident companies include limited partnerships and entities other than companies such as co-operatives and charitable organisations
Source: http://www.bnm.gov.my/index.php?ch=190&pg=542&ac=32&tpl_id=181#bk1
Open a Live Delta Trading Account
Ready to open a live trading account with Deltastock AD? Just follow the steps below.
The minimum value for opening a live trading account is 100 USD, EUR, GBP or CHF.
STEP 1: Scan your identity document and address proof
Identification requirements for individual clients
To open a Live account with Deltastock AD, you need to provide us with a valid, government-issued identification document, bearing your signature and recent photo. Acceptable forms of ID are:
| For US residents | For Non-US residents |
| Driver's License | National Identity Card |
| Passport | Passport |
| State-issued ID Card |
|
We also require a recent proof of your residential address, issued within the last 6 months. An acceptable form of address proof is one of the following:
- Utility Bills (phone bill, mobile phone bill, electricity bill, water bill, etc.);
- Tax and Insurance Records;
- Bank Statements.
Identification requirements for institutional clients
You can send the scanned copies of your identification documents (front and back) and address proof by
- e-mail at sales@deltastock.com,
- fax at + 359 2 811 50 49, or
- post at 6 Stefan Stambolov Blvd., Sofia 1301, Bulgaria.
STEP 2: Submit your application online
Complete and submit your application online. Applications submitted without any of the required identification documents and address proof will not be processed.
Please, add sales@deltastock.com to your address book to ensure that this email does not go to your Junk Mail folder.
STEP 3: Sign and mail your documents
Sign and mail the completed documents, together with a copy of your ID and address proof to
Deltastock AD
6 Stefan Stambolov Blvd.,
Sofia 1301,
Bulgaria
STEP 4: Fund your account
Once we receive your documents, we will send you account login and funding information!
Should you have any questions, please contact us and we will be glad to be of help!
Important Information about New Account Procedures
In order to help the government fight the funding of terrorism and money laundering activities, all financial institutions are required by law to obtain, verify and record information that identifies each individual or entity opening an account.
RISK REWARD RATIO (RRR)
When chances to win in a trade are smaller than potential losses, don't trade! Remember — staying aside is a position.
For example: 40 pips to lose versus 30 pips to win, 20 pips to lose versus 20 pips to win — all that is a clear sign of bad risk management.
Before entering each trade, reassure that risk / reward ratio is at least 1:3, which means that chances to lose are tree times less than promises to win. For example: 30 pips of possible loss versus 100 pips of potential win is a good trade to consider entering.
Adopting this money management rule as a must, in the long run will dramatically increase trader's chances to succeed in making stable gains.FXnewbiePRO CLUB
Basic Forex
- Introduction of Forex
- Currency
- Forex Vs Stock
- Major Market (Trading Session)
- Forex Quotes, pip, lot, margin, leverage
- Profit/loss calculation
Fundamental Analysis
- News
- Calender
- Weekly forecast
- Market comment
- New chart
- New order
- Target point
- Stoploss
- Trailing stop
- etc
- Stochastic
- MACD
- Bolinger Band
- Trendline
- Candlestick
- etc
EXPERT ADVISOR PROGRAMMING
Creating an expert advisor from scratch can be a lengthy process. It takes many hours of learning, coding and testing to create a full-featured, stable and profitable expert advisor. But programming a great EA doesn't have to be time-consuming or expensive!
The first thing you'll need is a proven mechanical trading system. It can be one you developed yourself, or a method you found in a book or online.
Submit your EA proposal for a free evaluation and estimate.
FUNDAMENTAL ANALYSIS
Fundamental analysis in Forex is a type of market analysis which involves studying of the economic situation of countries to trade currencies more effectively.
It gives information on how the big political and economical events influence currency market. Figures and statements given in speeches by important politicians and economists are known among the traders as economical announcements that have great impact on currency market moves. In particular, announcements related to United States economy and politics are the primary to keep an eye on.
WHY TRADE FOREIGN CURRENCIES?
There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market:
- No commissions.
No clearing fees, no exchange fees, no government fees, no brokerage fees. Brokers are compensated for their services through something called the bid-ask spread. - No middlemen. Spot currency trading eliminates the middlemen, and allows you to trade directly with the market responsible for the pricing on a particular currency pair.
- No fixed lot size.
In the futures markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5000 ounces. In spot Forex, you determine your own lot size. This allows traders to participate with accounts as small as $250 (although we explain later why a $250 account is a bad idea). - Low transaction costs.
The retail transaction cost (the bid/ask spread) is typically less than 0.1 percent under normal market conditions. At larger dealers, the spread could be as low as .07 percent. Of course this depends on your leverage and all will be explained later. - A 24-hour market.
There is no waiting for the opening bell - from Sunday evening to Friday afternoon EST, the Forex market never sleeps. This is awesome for those who want to trade on a part-time basis, because you can choose when you want to trade--morning, noon or night. - No one can corner the market.
The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank) can control the market price for an extended period of time. - Leverage.
In Forex trading, a small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. For example, Forex brokers offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars and so on. But leverage is a double-edged sword. Without proper risk management, this high degree of leverage can lead to large losses as well as gains. - High Liquidity.
Because the Forex Market is so enormous, it is also extremely liquid. This means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell at will. You are never "stuck" in a trade. You can even set your online trading platform to automatically close your position at your desired profit level (a limit order), and/or close a trade if a trade is going against you (a stop loss order). - Free “Demo” Accounts, News, Charts, and Analysis. Most online Forex brokers offer 'demo' accounts to practice trading, along with breaking Forex news and charting services. All free! These are very valuable resources for “poor” and SMART traders who would like to hone their trading skills with 'play' money before opening a live trading account and risking real money.
- “Mini” and “Micro” Trading:
You would think that getting started as a currency trader would cost a ton of money. The fact is, compared to trading stocks, options or futures, it doesn't. Online Forex brokers offer "mini" and “micro” trading accounts, some with a minimum account deposit of $300 or less. Now we're not saying you should open an account with the bare minimum but it does makes Forex much more accessible to the average (poorer) individual who doesn't have a lot of start-up trading capital.
