Forex Trading in Malaysia

Welcome to Forex Malaysia!  At Forex Malaysia we help traders find regulated forex brokers, and educational articles aimed to improve your forex trading experience.  I encourage you to read around, and learn some of the trading basics, and understand the qualities of brokers because this will empower you to make the right choice.  Whatever you are here for, we hope you that you enjoy your stay and that you find this information helpful and engaging.

Forex Trading Brokers

How do I trade forex?

In forex trading, currencies are traded in pairs.  As you sell one currency, you are buying another.  The first currency in the currency pair is known as the base currency while the second currency is known as the quote currency.

As an example, the quote price of the Euro and United States Dollar currency pair (EURUSD) may be 0.8100; meaning that one unit of the Euro can purchase 0.8100 units of the US Dollar.  In this example, the base currency is the Euro while the quote currency is the US Dollar.

For more information read more in this article about on choosing which forex pairs to trade, and which to avoid.  A trader then speculates whether the quote prices will decrease or increase and trade the currency pairs based on what you believe would be profitable.  As you get better at fundamental and technical analysis and become more familiar with your preferred currency pairs, finding profitable trades will become easier.

Going Short or Going Long?

There are two kinds of trades you can make – short or long.

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.  However, if a trader speculates that the exchange rate will rise, then they would buy the currency pair by placing a buy order or opening a long position.

Getting Started With Forex Trading

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Is Forex Trading Risky?

Forex trading does contain significant amounts of risk. In order to mitigate that risk, you really need to develop a good trading strategy and have a good understanding of risk management in forex trading.

When trading forex as a retail (individual) trader, you should first open an account with a forex broker who will be responsible for making sure that your trades are taken to the market.  At this point, you can either open a demo account or invest an amount of money to get you started.

Featured Sections

Islamic Trading Accounts

Islamic swap-free accounts are available with most brokers.  To get these accounts, sign up for a regular live account and your account manager will make it swap-free for you before you trade.  Read more about Islamic Forex Accounts.

Forex Demo Accounts

Indіvіduаlѕ who want to succeed in Fоrеx trading need to practice before turning to the live mаrkеt.  This is done with a demo account.  Read more about the best demo accounts offered.

No Deposit Forex Bonuses

Always consider the bonus that brokers will award you for opening a new account.  A select few brokers will give you a bonus without even depositing.  Read more.

How to Choose A Forex Trading Platform

The top Forex brokers have faster trade execution, give you access to the price charts, have good training and onboarding resources and can supply several platforms including ones that are specially designed for automated trading like MetaTrader 4.

The major factors that you have to consider when selecting a Forex trading platform are – your individual trading style and your experience.  If you are new to trading, and you have yet to find your style of trading you should start with currency pairs that you are comfortable trading and a demo account.

Is forex trading legal in Malaysia?

The Malaysian government has done a lot to safeguard the interference of the Ringgit (MYR), while at the same time ensuring that the safety of their citizens who wish to participate in forex trading is not compromised.  Trading Forex is legal in 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.  In short, if your broker is regulated by a major regulator around the world, you will be fine using this broker.

Dagangan Forex dan CFD tidak sesuai untuk semua pelabur dan melibatkan risiko yang tinggi untuk mengalami kerugian yang disebabkan oleh leveraj. 75-90% pelabur runcit mengalami kerugian melibatkan dagangan produk ini. Anda harus mempertimbangkan sama ada anda memahami bagaimana CFD berfungsi dan sama ada anda mampu mengambil risiko tinggi untuk kehilangan wang anda.