There
is
an
old
saying,
‘How
you
do
anything
is
how
you
do
everything.’
Whatever
its
initial
source,
this
piece
of
wisdom
is
remarkably
applicable
to
trading.
With
that
idea
in
mind,
Octa,
a
globally
trusted
and
regulated
broker,
surveyed
Malaysian
traders
about
their
stance
towards
security
in
life
and
trading.
The
survey
showed
some
interesting
correlations.
Suspended
judgement
According
to
Octa’s
survey,
83%
of
Malaysian
traders
tend
not
to
trust
new
acquaintances
too
easily.
They
prefer
getting
to
know
a
new
person
for
several
months
before
entirely
relying
on
them.
The
remaining
17%
approach
this
aspect
of
their
life
in
a
much
more
nonchalant
manner,
saying
they
only
need
several
hours
or
less
to
start
trusting
a
new
person.
This reserved attitude towards new people displayed by Malaysian traders matches their stance towards choosing a financial broker. 92% conduct thorough research and scrutinise online reviews before putting their trust in a broker, while only 8% make this decision without proper groundwork.
This symmetry in attitudes speaks volumes about people’s mentality, but the key takeaway is this: in life, as in trading, Malaysian traders tend to display a cold-headed approach. They opt for transparency and require as much information as reasonably possible before making a crucial decision, whether in their life or finances.
As a broker with a long and successful track record, Octa fully supports this stance and advises traders to test its advantageous conditions and fast withdrawals first-hand instead of mindlessly trusting advertisements. This way, traders can ensure Octa discloses all its fees and conditions without any hidden tricks—just fair and transparent trading.
A
disciplined
approach
to
finances
The
survey
showed
that
84%
of
traders
pay
their
utility
bills
in
advance,
while
only
16%
do
it
at
the
last
minute,
despite
having
no
money
issues.
Surprising
though
it
may
seem,
this
lifestyle
choice
does
not
entirely
match
the
participants’
stance
towards
risk
management
in
trading.
About
30%
of
respondents
use
stop-loss
and
take-profit
orders
only
when
attempting
an
especially
hazardous
trade.
In
most
cases,
they
rely
on
their
intuition
and
experience.
It
is
worth
noting
that
those
who
always
pay
their
bills
on
time
are
much
more
likely
to
use
risk
management
tools
in
their
trading
sessions.
They
carefully
set
stop-loss
and
take-profit
orders,
keep
track
of
their
equity
level,
and
calculate
potential
financial
outcomes
before
taking
a
position.
On
the
other
hand,
48%
of
those
who
couldn’t
be
bothered
to
pay
their
bills
in
advance
tend
to
skip
the
risk
management
tools,
trusting
their
gut
feeling.
To sum up, traders often transfer their financial stance in life to their trading routine. In wealth management, taking a proactive stance often pays off, as you mitigate the risks and avoid unnecessary complications.
Another crucial step to mitigate risks is to choose a broker with fast and efficient withdrawals. For example, Octa taps into its extensive global expertise to ensure a secure and reliable withdrawal procedure whose efficiency is supported by thousands of user reviews.
Aspirations
vs.
reality
When
asked
how
they
envisage
their
dream
workplace,
89%
of
survey
participants
chose
a
meticulously
clean,
secure,
and
well-organised
environment
that
emits
stability
vibes.
Only
11%
opted
for
a
beautiful
and
unique,
yet
chaotic
and
unpredictable
environment.
This
shows
a
very
strong
tendency
towards
an
organised,
disciplined
approach.
On the other hand, according to Octa’s research, 68% of Malaysian traders don’t plan their trading sessions and access their trading app whenever they feel like it. This statistic reveals a distinct tendency to approach trading with a degree of nonchalance that can harm financial outcomes.
The
conclusion
is
simple:
leaning
towards
discipline
and
efficient
planning
is
one
thing,
but
putting
this
principle
into
practice
and
strategising
each
session
in
advance
is
much
more
challenging.
___
Disclaimer: This content is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to engage in any investment activity. It does not take into account your investment objectives, financial situation, or individual needs. Any action you take based on this content is at your sole discretion and risk. Octa and its affiliates accept no liability for any losses or consequences resulting from reliance on this material.
Trading involves risks and may not be suitable for all investors. Use your expertise wisely and evaluate all associated risks before making an investment decision. Past performance is not a reliable indicator of future results.
Availability of products and services may vary by jurisdiction. Please ensure compliance with your local laws before accessing them.
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The issuer is solely responsible for the content of this announcement.
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