“Layanan Dia Serius Tiptop, Tak Macam Isteri Saya…” – Lelaki Kongsi Kisah Terlanjur Dengan Isteri Orang
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.
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.
As
you can see, 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.
CHOOSE
FOREX TRADING PLATFORMS
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; what is your individual trading style, and what is your experience. If you are new to trading, you don’t yet have
experience and you are yet to find your style of trading and pairs that you are
comfortable in trading.
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.
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