Forex Trading in Malaysia

Welcome to Forex Malaysia!  Forex trading is the buying and selling of currencies for profit.  On this website, we help beginner and advanced traders find more information, from finding a trustworthy and regulated broker, to articles and tips that can improve a trader’s understanding of the trading world.  Whatever you are here for, we hope you that you enjoy your stay and you have found what you have come looking for.

Forex Trading Brokers

The Best Brokers For Malaysian Traders

Order Broker Min. Deposit Review
1 Visit CM Trading icon_ZA_17x11 $250 CM Trading Review
2 Visit Easy Forex icon_ZA_17x11 $100 Easy Forex Review
3 avatradelogo Visit AvaTrade icon_ZA_17x11 $100 AvaTrade Review
4 xm-forex-logo Visit XM icon_ZA_17x11 $5 XM Review
5 etoro Visit Etoro icon_ZA_17x11 $50 eToro Review
6 Visit InstaForex icon_ZA_17x11 $250 Instaforex Review

Malaysia Trading News

International Market News

How do I trade forex?

In forex trading, currencies are put in pairs and an exchange rate is assigned to each pair. The exchange rate is also referred to as a quote price.  As an example, the quote price of the Euro Pound and US Dollar currency pair (EURUSD) may be 0.8100; meaning that one unit of the Euro Pound can purchase 0.8100 units of the US Dollar.

The first currency in the currency pair is termed as the base currency while the second currency is known as the quote currency. In the above example, the base currency is the Euro Pound while the quote currency is the US Dollar.

When trading forex as a retail trader, or individual forex trader, you should first open an account with a relevant forex broker and invest a specific amount of money. Then, you simply speculate whether the quote prices (exchange rates) will decrease or increase and sell or buy the currency pairs respectively.  As you get more training and start finding your preferred currency pairs to trade, finding better trades will get easier.

For instance, if you speculate that the quote price will decrease, you should sell the currency pair (also called placing a sell order or opening a short position). Taking a short position is just like placing a bet that the exchange rate will decrease. If the price behaves as you had predicted, you close the order with a profit. But if the price moves in the opposite direction of your speculation, then you end up making a loss.

On the other hand, if you speculate that the exchange rate will rise, then you should buy the currency pair (known as placing a buy order or opening a long position).

Is forex trading legal in Malaysia?

The government of each country will write specific laws and regulations so as to govern the inflow of foreign currency and the outflow of the local currency. In Malaysia, the Malaysian government has done a lot to safeguard the interference of their currency while at the same time ensuring that the safety of their citizens who wish to participate in forex trading is not compromised.

In some years past, the central bank of Malaysia, Bank Negara Malaya, had termed forex trading as illegal. However, as a Malaysian trader you should not be afraid to trade from Malaysia as long as you abide by the set laws and regulations that are put in place by the government and the other regulating bodies.

What next if you wants to trade forex in Malaysia?

All that is left for a forex trader especially a retail forex trader in Malaysia, is to find a good forex broker. The foremost thing in choosing one is to ensure that the forex broker regulated and abides to all the regulations in Malaysia.

The rest of the qualities of the broker vary and will depend on your taste and choice. But it is always important to do a thorough research and comparison among the available brokers.