As a country with a rich cultural tapestry, one “culture” in Malaysia that isn’t mentioned as much as others is a culture of maximising wealth! To that end, some Malaysians adhere to certain beliefs when it comes to money-making from Feng Shui principles to modern superstitions. Here are some of the said beliefs that we found interesting! 👇One of the lesser-known of many Chinese money traditions is to ensure your purse is carried above your waist.
But don’t just take it from us! Here’s some data about how much influence superstitions have on other Malaysians’ trading habits. 👇As explained earlier, cultural nuances and personal beliefs can have quite a bit of influence on traders in the Malaysian market. To help us better understand this phenomenon among Malaysian traders, Octa, an international broker operating under globally recognised licences, conducted a survey which raked in some interesting data.
The survey showed that 60% of traders in Malaysia consider Wednesdays and Thursdays to be happy days. According to Kar Yong Ang, a financial market analyst for Octa, this belief has a viable reason behind it. “In 90% of cases, Wednesdays are the days when data on US inflation is released, as well as reports on the US Federal Reserve interest rate. These events tend to affect market movements, and the Wednesday trend often continues through Thursday.