FOREX is a big business with really much hyperactivity in it. Operating 24-hours a day and 5 days a week, this buzzing market is handling transactions of up to 1.5 trillion per day! It is no wonder then that even housewives in developed Asian countries like South Korea and Japan are trading forex from the comfort of their homes! This has come as no surprise as even an hour or two per day can give you some good income for the household.
Ever since some changes were done to the regulations governing currency exchange, the market has exploded as small time traders are able to join in the fun of making money buying and selling currencies. Now this craze has even reach the shores of Malaysia, most obviously via internet.
Eventhough only Malaysian banks trade in foreign currency, many individuals registered themselves with overseas online brokers to do the currency trading on their own.
Please be careful though, as the expression ‘easy come, easy go’ is true especially for forex trading. Small currency movements can mean big profits which can also means big losses.
We hope this website can point you, either as a beginner or an expert, the right way in managing your trading and money! Good luck!
To understand what a forex is all about, let us start by understanding the word forex. Forex is a shortened word from “FOReign EXchange”, specifically the exchange of money between countries based on their currency. The term profit and loss in forex refers to the difference in price when buying the currency and selling them [...]
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