I know a trader, let’s call him Faizal, who started 2025 with RM8,000, and a telegram chat full of “guaranteed” forex signals. By June, everyone in his chat had lost money. 
But Faizal had managed to turn his account into more than RM50,000. It wasn’t some fancy indicator or algorithm he purchased on Shopee. It was almost laughable in its simplicity; he learned to avoid taking every setup that looks promising. As with many new Malaysian forex traders, Faizal first got into forex by following a friend or some YouTube guru promising to “make thousands overnight.” He started out on EUR/USD and Gold, trading anything and everything that was moving, and 3 months into his trading journey, was already down 40%. That’s when things took a turn – and this is the part where it goes from inspiring to actually useful. He Reduced His Trading Frequency By More than 50% He used to trade 10 times a week. Now, it was 2 or 3 times a week. Only if he had price action, clear support or resistance, AND his risk-reward lined up perfectly. Otherwise, he wouldn’t even look at the charts. A simple rule, but extremely difficult to execute when you are bored out of your skull and the charts are screaming at you. His Position Sizing Was doing All the Hard Work. He risk capped everything to 1%. Not 2%, not even the “if I feel confident.” And yes, while this may sound uninspiring, it’s also the #1 rule most Malaysian retail traders skip. Brokers like Oanda, FXPRIMUS, and OANDA make leverage extremely easy, up to 1:500, and this exact leverage can kill a trading account in a single terrible week. Additionally, He kept a Trading Journal “My trading journal was tedious, and I almost gave up on it twice. After reviewing 30 lost trades from last March alone, I figured out that I was placing trades right during the low liquidity Asian session, moments before London session opened and important site changed the entire direction of the price.” - Faizal These were all unexciting changes. Lower trade counts, strict risk management, and the discipline to stay out of the market until clean signals appeared. A far cry from a million dollar signal group, but clearly effective in the long run.
But Faizal had managed to turn his account into more than RM50,000. It wasn’t some fancy indicator or algorithm he purchased on Shopee. It was almost laughable in its simplicity; he learned to avoid taking every setup that looks promising. As with many new Malaysian forex traders, Faizal first got into forex by following a friend or some YouTube guru promising to “make thousands overnight.” He started out on EUR/USD and Gold, trading anything and everything that was moving, and 3 months into his trading journey, was already down 40%. That’s when things took a turn – and this is the part where it goes from inspiring to actually useful. He Reduced His Trading Frequency By More than 50% He used to trade 10 times a week. Now, it was 2 or 3 times a week. Only if he had price action, clear support or resistance, AND his risk-reward lined up perfectly. Otherwise, he wouldn’t even look at the charts. A simple rule, but extremely difficult to execute when you are bored out of your skull and the charts are screaming at you. His Position Sizing Was doing All the Hard Work. He risk capped everything to 1%. Not 2%, not even the “if I feel confident.” And yes, while this may sound uninspiring, it’s also the #1 rule most Malaysian retail traders skip. Brokers like Oanda, FXPRIMUS, and OANDA make leverage extremely easy, up to 1:500, and this exact leverage can kill a trading account in a single terrible week. Additionally, He kept a Trading Journal “My trading journal was tedious, and I almost gave up on it twice. After reviewing 30 lost trades from last March alone, I figured out that I was placing trades right during the low liquidity Asian session, moments before London session opened and important site changed the entire direction of the price.” - Faizal These were all unexciting changes. Lower trade counts, strict risk management, and the discipline to stay out of the market until clean signals appeared. A far cry from a million dollar signal group, but clearly effective in the long run.