Yes, you can do forex trading in Malaysia, as you only require a Brokerage Firm to start trading. As long as you are 18 years and above, you are eligible to trade forex in Malaysia.
Recommended and stable broker that we recommend is the broker lirunex, as low as 25$ deposit rate, deposit and withdrawal methods vary from local banking (Maybank, Cimb and etc).
Need to open a trading account?
Register Here LIRUNEX
Forex or we call it Foreign Exchange is a exchange rate between two types of currencies, there is two types of forex trading, one is physical as local currency exchangers and the other one is called spot forex.
Generally Spot Forex is the one we trade using the graphs and predict the outcome of the exchange rate between two currencies.
You can start with registering with a brokerage firm and learn the methods or strategies that is available across the internet.
Its simply finding the right moment to start buying and selling, to trade is easy but the hardest part is staying consistent in trading.
Yes, it is enough to trade with $100 but I recommend a much higher deposit value. As long as you have the proper knowledge and understand the market, you can start as low as $100 and try to grow as much as possible.
More professional traders recommend growing your trading account using a compounding table and a snowball trading system to level up your trading account into 5 figures territory.
Quite a widespread debate, from my experience, what is Haram in trading is what we call swaps trading.
As long as you don't have swaps in your trading positions, it is halal to trade as we are purchasing contracts for short-term future gains or movements.
There is no actual crowning of the best no 1 trader in Malaysia, as it varies on the perspective you are looking at.
Many silent traders quietly make 5-6 figures per month in Malaysia. Usually, they don't reveal themselves as it is an uncommon practice to be the center of attention in Malaysia regarding forex trading.
Yes, you could possibly learn forex yourself, but I highly don't recommend it as it is pretty risky and you may lose a lot of your capital in regards to not knowing the best strategies suited for yourself.
Here at kelasforexmalaysia.com, we do provide professional service to educate via personal training on helping you achieve your desired goals in trading.
Far beyond the truth as I might say, you need to put a lot of effort as forex is a business, you need to learn and gain knowledge regarding any business before you jump in.
It is not specified how many hours you should put into learning forex trading, but what I recommend is spending at least 1-2 hours per day researching and backtesting your strategies onto the trading platform.
Yes, it can turn you into a millionaire as it requires a lot of knowledge regarding trend reading, execution wise, and risk management.
All you need if finding your Own Style Of Trading.
A lot of traders lose money in forex because of a lack of knowledge, for example, 90% of traders lose money in forex as they are focusing on buying and selling in the charts.
Meanwhile, you only need to dedicate 90% of your time to trading only researching and perfecting your trend observation.
Yes, it is legal as long it is the legal website of Octafx, be cautious as a lot of scammers are masking as a legit broker.
You can calculate profits in forex using PIPS ( Points In Percentage), it is the second last rounding number of any exchange rate.