The RM20 Billion Economic Stimulus Package

The Malaysian Government will introduce the 2020 Economic Stimulus Package to ensure economic risks associated with the outbreak are effectively.Various strategies have been formulated to ensure that Malaysian economy remains on strong foundations.

Malaysia Government today revealed a RM20 billion package of tax reliefs and subsidies to stimulate the economy hit by the coronavirus (Covid-19) outbreak. In his speech today, Interim Prime Minister Tun Dr Mahathir Mohamad said Malaysia's stimulus package is anchored on three strategies namely mitigating impact of Covid-19, spurring rakyat centric economic growth and promoting quality investments. 

For instance, to help ease the burden of companies affected by the virus, Bank Negara Malaysia will provide a special relief facility worth RM2 billion, particularly in the form of working capital for small and medium enterprises at an interest rate of 3.75%. Bank Simpanan Nasional will also allocate a RM200 million in microcredit facility offering an interest rate of 4% to affected businesses.

In addition, the approval process for existing loan funds will be further streamlined such as Bank Pembangunan’s tourism infrastructure fund of RM1.5 billion.

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Why Friday is the best day to sell stocks?

Ever wondered why usually market goes slower and in a down trend on Friday?

When market turns red on almost every Friday there are lot of short traders which hold stocks within 1 week of trading days (Mon-Fri) as compared to the long - term investors.

Therefore, “Friday is the best day to sell stocks” is a notion where traders do not like the exposure to the market in the weekend.

The world is unsure, however on a weekday the stock costs can change in accordance with news every minute of every day ,while there is far less chance to alter positions in the end of the week. On the off chance that you don't need presentation to this vulnerability you close the situations before the end of the week (and informal investors frequently close their positions before the business sectors near maintain a strategic distance from medium-term introduction for a similar explanation). 


Taking everything into consideration, its everybody inclination whether to be a transient broker or long haul financial specialist, there is no correct decisions between those two.


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Using Indicators. Does it boost profits?

Should you use Indicators? Will it boost profits if added in charts?

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Many investors and active traders use technical trading indicators to help identify high-probability trade entry and exit points. Consider pairing up sets of two indicators on your price chart to help identify points to initiate and get out of a trade. For example, RSI and moving average convergence/divergence can be combined on the screen to suggest and reinforce a trading signal.

An indicator manipulates price data using a mathematical formula. The indicator shows a visual representation of the mathematical formula and price inputs. To a skilled chart reader or trader an indicator often won't reveal more than what is visible just by analyzing the price chart (or volume) without any indicators. 

Since there is so much to be analyzed on a price chart an indicator helps simplify it. This is why indicators are so alluring to new traders. Instead of learning how to identify a trend on the price chart, they try to find an indicator that will determine the trend and trend reversals for them.
Indicator-based trading is relying on indicators to analyze the price and provide trade signals. Many indicators provide a specific trade signal which alerts the trade that now is the time to take a trade.

On the other hand, you shouldn’t think that any indicator will give you an opportunity to make 100% profitable trades.

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Ringgit High Against S'pore Dollar

The ringgit is trading below the 3.0 mark against the Singapore dollar today for the first time since February last year.

This came after the Monetary Authority of Singapore (MAS) said there is sufficient room within its monetary policy band to accommodate an easing of the Singapore dollar exchange rate in line with any weakness in the economy arising from the 2019 novel corona virus outbreak.

The ringgit appreciated to an intraday high of 2.9788 against the Singapore dollar — the strongest since Aug 14, 2018 when it traded at 2.9809 — before pulling back to 2.9901.

Year to date, the ringgit has appreciated about 1.7% against the Singapore dollar.

The Singapore dollar also headed south against the US dollar today, touching a four-month low of 1.37 to the greenback.