Welcome to Malaysia Forex brokers blog

Welcome to my blog Malaysia Forex brokers. I’ve been blogging for a long time but that is only one of the many things I do. I’m mostly involved in Forex trading as well as in precious metal trading. In this blog, you’ll find tips and advices on investing from Malaysia.

A Few Facts about Investing from Malaysia

The financial sector of Malaysia is made up of a wide range of institutions that aim to serve the complex needs of the economy. Since Malaysia is generally a Muslim country, its finance sector also has an Islamic financial system in addition to a conventional system. These two co-exist and operate together.

The Central Bank of Malaysia

The Bank Negara Malaysia is Malaysia’s central bank.  It is the head of the financial and monetary structure of the country.  Like the central banks from other countries. The Bank Negara has powers under various laws to regulate and oversee the operations of financial institutions in the country. It also manages the country’s foreign exchange regulations.

The Islamic Financial Industry

The Islamic financial system in Malaysia is based upon the Islamic Sharia law. It is made up of four main components, namely the Islamic banking, Islamic interbank money market, Islamic capital market and the takaful and retakaful.

To date, Malaysia has more than 100 Islamic banking products and services that are accessible in the industry. It also has the Malaysia International Islamic Financial Center (MIFC), an initiative that aims to position Malaysia an international hub of Islamic finance.

Forex Trading in Malaysia

There had been some misunderstandings about whether Forextrading is legal or illegal in Malaysia. According to Bank Negara, individuals from Malaysia re allowed to open foreign currency accounts with any authorized bank in the country. Investors can then convert any amount of the Malaysia ringgit into foreign currency and use it for speculating currency prices.

Forex trading can be a lucrative but like any other investments, it involves a good deal of risk. There are a number of factors that come into play when it comes to the fluctuations of the currency prices. It is highly advisable for anyone interested in trading currencies to do his research first before investing money on Forex.

The best way to learn Forex is by doing it hands on. Fortunately, most Forex brokers in Malaysia today offer demo accounts that allow newbie traders to test the waters as well as seasoned traders who need to experiment with their trading plans before using it in a live trading environment.