Welcome to Forex Malaysia!
At Forex Malaysia, we help traders find a regulated forex broker, and education-related articles to enhance your forex trading experience.
I encourage you to read, learn the basics of trading, and understand the quality of the broker as this will help you make the right choice.
Whatever your goal here is, we hope that all the information provided is useful to you.
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HOW TO TRADE FOREX
In forex trading, the currency is traded accordingly. When you sell one currency, you buy another currency. The first currency in a currency pair is known as the base currency while the second currency is known as a currency quote.
For example, the quoted price of Euro and United States Dollar (EURUSD) prices may be 0.8100; That means one Euro unit can be purchased at 0.8100 units US Dollar. In this example, the base currency is the Euro while the quote currency is US Dollar.
For more information, please refer to this article to find out which selection of forex matches should be traded, and should be avoided. Traders then speculate whether the quotation prices will decrease or increase and trade in currency based on what you believe will be profitable. When you understand basic and technical analysis and are confident that your preferred currency pair, finding a profitable trade is now easier.
Short Motion or Long Motion?
There are two types of trades you can do - short or long.
Taking a short position is like making an expectation that the exchange rate will decrease. If the price persists as you predict, you close the order with profits. But if the price moves against your speculation, then you will suffer losses. However, if traders expect that the exchange rate will increase, then they will buy a currency pair by placing a buy order or opening a long position.
Forex and CFD trading is not suitable for all investors and involves a high risk of incurring losses caused by leverage. 75-90% retail investors suffer losses involving the trading of this product. You should consider whether you understand how CFD works and whether you are capable of high risk for losing your money.
IS THE FOREX RISK TRADING?
As you can see, trading Forex has a high risk. To mitigate these risks, you need to develop an effective trading strategy and have an in-depth understanding of risk management in forex trading.
When trading forex as a retail trader (individual), you first need to open an account with a forex broker who will be responsible for ensuring that your trades are brought to market. At this point, you can open a demo account or invest some funds to get started.
CHOOSE FOREX TRADEMARK PLATFORM
The leading Forex broker has fast trading execution, and gives you access to the price chart, has good training resources and supplies several platforms including those designed specifically for automated trading like MetaTrader 4.
The main factor that you need to consider when choosing Forex trading platform is; What are the individual trading styles, and your experience. If you are new to trading, you need to accumulate experience and find the trading techniques and currency matches that you are comfortable with in trading.
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| CHOOSE FOREX TRADEMARK PLATFORM |
Is FOREX LEGAL TRADING IN MALAYSIA?
The Malaysian government has made various efforts to protect Ringgit's intervention (MYR), while at the same time ensuring the safety of its people who are in forex trading is not affected. Forex trading is valid in Malaysia as long as you comply with the laws and regulations set by the government and other regulatory bodies.
In short, if your broker is regulated by a worldwide supervisor, you are guaranteed to be secure with this broker.
