Forex Broker No comments yet

FxPRIMUS 100% Trading Credit Bonus

By on March 6th, 2012

Hey there Malaysians,

Welcome to Forex Malaysia Blog!

Do you need information about Forex in Malaysia? I bet you are so new in Forex and don’t have a clue where to start. Well, no worries, I’m a Malaysian too from Kota Kinabalu, Sabah and this blog is especially for you to learn about Forex and to profit.

To start Forex trading, you need to join a Forex broker. So which broker do you join? My suggestion? Join FxPrimus. They are quite good.

Do you need a little incentive so that you can start trading with FxPRIMUS, one of the best forex brokers in Malaysia? I found a website that provides 100% Trading Credit Bonus for FxPrimus.

In case you don’t know them, FxPRIMUS is a terrific broker. They have like the best customer support, friendly management team, honest (this is really important) and to add to that, they have an awesome MT4 platform that works perfectly fine.

They even have what they call FxPRIMUS coach. Even if you don’t know anything about Forex..But you are interested to learn, they can teach you from A to Z on how to become a success Forex Trader using their platform. Do check out FxPRIMUS Coach here.

 

Forex Broker No comments yet

FXPRIMUS Review

By on March 6th, 2012

I’ve been checking out Fxprimus recently and you know what? I think their are awesome!

Check out the official Fxprimus website here.

If you are one of those who has been a regular visitor to this website, I think you know by now that my reviews are biased. I’m biased towards forex brokers that provide exceptional customer service and Fxprimus is one of them.

Let me tell you a story about how I’ve gotten to know them. To those who are new to Forex in Malaysia, the Forex community in Malaysia is actually quite active. One of the best place to find active discussions on Forex Trading is Carigold. I like to just surf around and check out what’s the hottest thing in the Forex market and I accidentally stumbled upon a great review on Fxprimus.

Fxprimus is a new Forex Broker. They were setup in 2009 to address the concern and the need of Forex Traders who were not satisfied with their current brokers.

Why Forex Traders are Not Satisfied?

Well, mostly because they were losing money and there is a sense that the current forex brokers that they are trading with are not being very honest with them.

Forex brokers are supposed to be for you, not against you. However, there is a loophole in the market where forex brokers can make money when the market is with you or against you. That means regardless if you make money or lose money, they still win.

To be honest, that’s pretty scary. A common strategy that forex brokers use is by getting a large amount of clients and once clients start to trade, they just pool their resources and trade against the clients in the currency market to ensure that the clients lose and they still make their money.

That’s perfectly legal but pretty scary if you are a client with them. You have no chance of winning if you go against your forex broker in the currency market.

Fxprimus is a Straight Through Processing (STP) Forex Broker. STP Forex brokers send orders directly from clients to the liquidity providers – banks or other brokers.

This also means that Fxprimus makes money only when you as a client makes money. So, it makes perfect sense for them to help you maximize your gains in the forex market because only then, they would be able to profit.

Check out this video from Fxprimus on The Top 7 Challenges that Forex Traders Face:

Forex Education No comments yet

Beginner’s Guide to Forex Trading

By on February 7th, 2012

I recommend that you read my blog post if you are new to forex trading. This post is an introduction to forex.

Forex always seems complicated initially. Once you understand the basics however, you start to realize that it is actually quite simple..or is it?


In the Forex field, just like in any kinds of trade, you make money when you buy low and sell high. Forex trading is simply trading currencies in the Forex market.

Forex is the largest financial market in the world. It generates trillions of dollars of currency exchanges everyday and it operates 24 hours a day and seven days a week therefore, also making it the most liquid market in the world.

In the world of Forex, trading in this very liquid market is very unique compared to other financial market like stocks. Since the Forex market operates 24 hours a day worldwide, which starts at Sydney and ends in New York, trading is not centralized in one location. You can trade in Forex whenever you want regardless of the local time.

In the past, Forex trading was only offered to large financial institutions, like banks. And, it was also only offered to large companies, multi-national corporations and large currency dealers. This is because of the large and extremely strict financial requirements the Forex market imposed. This means that individual traders and small businesses are not able to participate in this liquid market.

However, in the late 90s, Forex was made available to individual traders and small businesses. This is due to the advances in the communications technology. High speed internet made it possible for people to enter the Forex market and have become one of the best make money at home businesses.

Forex trading is getting more and more popular each day. Besides, who wouldn’t want to trade in the largest and the most liquid financial market in the world? Trading in Forex will certainly give you the opportunity to earn a lot of money. However, trading in this ever liquid market also has its risk. It is a fact that many people who traded in Forex lost a substantial amount of money and some of these people are seasoned traders.

This is why it is very important for you, as a beginner trader in the Forex market, to have the proper knowledge and education on how to trade in the Forex market. Firstly, there are hundreds or even thousands of available websites in the internet that offers Forex education. Some of these websites offer dummy Forex trading where you can practice trading in the Forex market using dummy money.

These programs will really take you closer to actually trading in Forex. Many experts say that you’ll never really understand how Forex really works until you traded in the market. So, if you want to learn how to trade Forex, you may want to sign up for a dummy account that numerous Forex trading websites offer.

With a dummy account, you can trade Forex by not using real money at all. With this program you can practice your knowledge and skills in trading in the Forex market and not waste money.

To get started in trading in this market, all you need is a computer with a high speed internet connection, a funded Forex account, and a trading system. These three simple things are enough to get you started in Forex trading.

In order for you to minimize the risk of losing money, you need to have some basic knowledge in charting before you start trading. In most Forex trading systems, Forex charts are there to assist you with your trades. Forex charts are a visual representation of the exchange rates of currencies. This is where you will mostly base your decisions to buy and sell currencies. You have to learn how to read the different Forex charts in order for you to successfully trade in the Forex market.

Each Forex chart is different although they represent the same fluctuations. For example, in the daily Forex chart, you can evaluate market trends in the past 24 hours to help you make decisions on the next 24 hours of trading. In the hourly chart, you can use this chart to spot trends within the day. And, in the 15 minute chart, where it can help you recent currency fluctuations in a 15 minute interval to help you decide on which currency to buy and sell. Sometimes, there are 5 minute chart available to better help you get closer to the action.

These are the basics on how to trade in the Forex market. Always remember that aside from the promising earning potential that you can have in the Forex market, there are also underlying risks that you have to consider. It is therefore wise to trade in this market with a proper investment plan and strategy. If you are just starting out to trade in Forex, consider opening a dummy account to help you practice trading Forex without risking money.

Learn how to trade profitably with Forex

 

Forex Malaysia No comments yet

Forex Trading in Malaysia

By on January 22nd, 2012

Hey there,

Shahrul here. Welcome to Forex Malaysia Blog Dot Com.

The goal of this blog is to help you get started in Forex Trading. I hope to make this blog the number one resource site on Forex Trading in Malaysia.


Since you came to this blog to find more about how you can make more money with Forex, I am going to give it to you straight on. For those who don’t know a single thing about the Forex market, let me inform you that this market is huge. There are large amount of profits to be made in the Forex market. In fact, most of those who made big profits from Forex are individual traders, those that trade using their laptops or cell phones.

To get started with Forex Trading, you need some amount of money to trade with. I wish I could say to you that trading is free but I can’t because the concept money makes money applies really well in this market. If you invest big amount, you have the potential to make big amount of cash. The same goes if you invest a very small amount, then your profit will be much less.

To become really good in Forex (make 10K a day), you need to start trading immediately. Not with a demo account but with a real live account that has your money in it. Another thing that you should take note is that there is a learning curve that you need to go through. You won’t be an expert overnight.

The best place to start Forex is by joining a Forex Broker that is reliable and provides comprehensive educational support such as Fxprimus. You should check them out. If you trade with Fxprimus, they will give full training even though you are just a beginner.

 

 

Forex Malaysia, Forex Malaysia Blog 1 comment

Easy Forex Review

By on January 15th, 2012

A lot of my friends have asked about this Forex Broker. Especially recently, Easy-Forex has been promoting rather aggressively to the Malaysian public. So, I would like to take a moment of your time to check out a review about them. Or you could check out their official website here.

When choosing a Forex broker, you need to consider a few criteria such as are they reliable? To they trade against clients under them? Are your funds secure if you invest with them even if the company goes bankrupt? Do they provide training for new traders? Do they use MT4 or a custom software to conduct trading?

These are important questions and I will try my best to give answers through this blog post.

Easy-Forex Fast Facts

  • One of the biggest players in the Internet-based currency trading market.
  • Based in Limassol, Cyprus and they have international branches in Warsaw, Tel-Aviv, Switzerland, Sydney and Manila.
  • Has been around since 1998.
  • Regulated by the Australian Securities & Investments Commission (AFS 246566) to provide worldwide financial services under the supervision of the EU financial commission through Cyprus.
  • Easy-Forex’s products are: day trading, limit orders, forward and optional.
  • Easy forex offers: 24-hr commission-free trading in 14+ currency pairs, Web-based trading platform requires no download or installation, Guaranteed fills on stops and limits up to $2M, Free access to charting, news, and research, 24-hour customer support via phone and email, deposits accepted in multiple currencies, credit Card depositing facilities, straight forward with drawl procedures.
  • The minimum deposit is only $25 while the minimum transaction size is 2,500. Easy Forex accepts deposits by credit card as well as American Express, PayPal and wire transfers.

Advantages of Easy-Forex

  • Simplicity and Ease of Use.
  • Low minimum deposit.
  • Comprehensive training resources for new traders.

Disadvantages of Easy-Forex

  • Wide Spreads

Easy-Forex Unique Features

  • Select the account type that suits your trading style or create your own custom account.
  • Start trading immediately with a deposit as little as $25. Lowest margin ever.
  • Deposit funds with your Credit Card or even PayPal.
  • Freeze rate option. You can freeze the rate you wish to buy/ sell as the market is changing.
  • No commissions and no bank charges on trading, depositing or withdrawing funds.
  • Possibly the highest leverage in the industry.
  • No download required – Unique web based platform.

Should You Trade with Easy-Forex?

With a significant number of Forex brokers looking towards Malaysia for clients, we as consumers are spoiled with choice. You might have come across reviews on forums and blogs that promotes other Forex brokers instead of Easy-Forex. This is no coincidence as the Forex market is very competitive.

On forums, one thing that I noticed is that other forex brokers have lower spreads than Easy-Forex. For example, Instaforex has really competitive spreads and if you compare both of them side by side purely on this criteria, Easy-Forex loses hands down.

However, Easy-Forex does have its advantage over their competitors. A few that I can mention now is excellent customer service, an easy to use web-based trading software, and free training for new traders. Of course, if you are an experienced trader, Easy-Forex provides a personal dealer for you.

If you are a new trader, then yes you should start trading with them. Easy-Forex is a good training ground for you to start trading in Forex. Later, when you are more experienced, you can try out other Forex brokers.

Here are some of the testimonials from people who have used Easy-Forex:

Well, in my opinion, you will not find any better service elsewhere than Easy Forex. It is true they offer wide spread for mini traders, but guys, how many platforms can give you access to the market with only $25USD? Trading on a demo account is absolutely wasting your time! I have friend made millions on a FXCM demo account, but he did not make any win trade with his real account! They psychological influence is one of the biggest factors in Forex trading! Easy Forex offers everyone a small level of initial investment, you can experience the psychological side of trading and not risking all your capital! Remember there are limited number of people winning in this market, practice small is a good start point for everyone. Fairly speaking, for those who trade with only few hundred bucks, you should never expected you will be treated as big traders! All after all, Forex brokers make money from spread and your trading volume. You trade good volume (I am talking about millions), you can definitely negotiate your spread with Easy Forex. And I am using Easy Forex’s dealing room service, I have 3 pips spread, and in-depth bank analysis for both fundamental and technical, which are absolutely great! And they offer me volume trading bonus, Ｉreceive couple hundred dollars from them on monthly basis when my total trading size hit to certain level. In addition, when you introduce your friends or other people to Easy Forex, you can also receive good commission from it! To be realistic guys, if you are not trading at a good level, you should never desire the best service from anyone. For those considering yourself as BIG trader, contact your Easy Forex manager, they can do a good deal from me, they can do it for you too.

Kelvin Lee, Australia

very good web based broker, slightly higher spreads but no fees for withdrawals and free 24h access to dealing room if your trading 100K lots. Have found the staff very knowledgeable and professional. Fixed spreads, Solid as stone stops and Financial licenses! enough said

David, Australia

 Easy-Forex 10% Bonus Promotion

Starting around December 2011, Easy-Forex has been aggressively promoting it’s offers to potential prospects by giving a 10% credit bonus on the first deposit for all first time customers. For example, if you deposit 300 USD for the first time, Easy-Forex will top it up with another 30 USD for free. You can go to the link below to find out more about the promotion. You probably need to register with them but registration is free.

Forex Trading Information No comments yet

Welcome To Forex Malaysia Blog Dot Com

By on June 26th, 2011

Hey there,

Welcome to Forex Malaysia Blog Dot Com. This is my blog on Forex Trading.

I created this blog to clear the misconception out there about forex trading. Forex trading is risky but it can provide a sustainable and lucrative income for you and your family if you know how. The “how” in this case comes in many form. To start of in forex trading, you need to register under a forex broker. You need to know which forex broker to choose from.Then once that is settled, you need to apply trading strategies that can boost your income and give returns of up to 300%. Continue reading Welcome To Forex Malaysia Blog Dot Com →