Stock Trading Tips for Beginners in Malaysia 2019

Malaysian stock markets are blooming perfectly, and bring you a stellar opportunity to make some good money. Being a stock trader in these competitive markets is a challenge indeed, but when you make it through the tough trades and the stifling competition, profits lie in waiting! Before trying to make trades, however, there are some key points you should make yourself aware of. Heading in to trade stocks without having the required knowledge ends well.
 

Here are 4 simple tips to get started as a stock investor in Malaysia:
 

Stock Trading Tips for Beginners in Malaysia

1) Do Your Research: No matter the field you want to delve into, studying it is the primary requirement. Stock markets are rich with information; new trends are born every day and one can never fully have learnt the nuances of this domain. Before setting off to become a professional stock trader, do your much-needed research. Be it regarding company values, stocks or the global economy - equip your mind.
 

2) Don't Get Emotional Over Losses: Bad trades are natural and so are losses. Many times, traders get emotional over a few bad trades and either totally stop trading, or trade recklessly. Both of these are extreme decisions, and you should try to think things sensibly. When you overtrade, the chances of risks are only going further up.
 

3) Take Calculated Risks: A certain amount of risk is necessary when indulging in the stock market in Malaysia. Playing it too safe will not bring home the big wins. You have to calculate the risks taken and ensure the fine line between healthy and unhealthy risks isn't crossed at any cost. Risk-analysis and money management will be a key element of your stock trading career.
 

4) Think Long-term: Stock trading is predominantly done as a long-term investment. When you're making move, always keep the coming years in mind. Your trades should reflect on this, and the investments you make should be in accordance with the same. Done right, you can amass massive capital within a few years and retire rich!
 

A tremendous investment opportunity, the stock market in Malaysia though competitive, will accommodate you well should you know how to approach it. Sign up with the expert stock broker - WesternFX today and get yourself a stellar online trading account to start from home! Our professionals will guide you through every step, and make sure you are always on the right, profitable path. Call us now to know more.

Essential Do’s and Don’t's in Forex Trading for Beginners 2019

A 24 hour market with profits, unlike any other, Forex trading is a great investment platform today. You can get started as a currency trader with as little as $100, and continue to grow your account astronomically! However, a field this lucrative without any challenges would just mean easy money for everyone. The reason why only 70-80% of Forex traders see good profits is because there are a number of costly risks involved in foreign exchange, and overcoming these requires meticulousness.
 

For starters, you can go through these dos and don'ts, to understand the basics of Forex trading:

Basic Do's and Don't's in Forex Trading

Forex Trading Do's:
 

1) Be Equipped with a Plan: A proper Forex trading strategy is essential if you want to make it big time as a Forex trader. Along with a trading plan, you have to keep a mental route around trades and know how to dodge risks along the way!
 

2) Trade the Trend: The trend should be your main focus while Forex trading in Malaysia. Always have a keen eye watching for trend formations, and when you get a healthy trade to bank on, take the opportunity.
 

3) Study Forex Charts: Chart movements are something many traders overlook. With a good set of indicators and a trading chart, you can monitor market moves and net the best of trends consistently.
 

4) Learn Trading Tool Usage: Gain complete mastery over the usage of indicators and other charting tools, to ensure you have trends in your pockets and risks don't get in your way. Practice thoroughly on Forex demo accounts.
 

Don'ts in Forex Trading: 
 

1) Avoid Impatience: It is natural to want to see your trades bring home quick results, but the markets don't work that way. Patience is crucial, and you have to see a trade through fully.
 

2) Don't Risk More Than Necessary: Stick to a risk-reward ratio of 2-3%, anything more is just careless wastage of investments.
 

3) Keep Away From Emotional Trading: Getting emotional is normal while Forex trading, but letting emotions control your trades will only result in overtrading and eventually, losses. Avoid trading with too much stress, fear, greed or even confidence.
 

4) Don't Trade Without Stops: Stop-loss usage has to be done wisely to ensure risky trends don't push you off the ledge! Implement apt stops as a part of your Forex trading strategies.
 

These are the most important of things you should do and avoid while Forex trading in Malaysia. As a beginner, you're most vulnerable to making mistakes that will cost you. Get yourself the best start - sign up with WesternFX! Our experts have studied currency markets for years and will give you the perfect platform to grow as a Forex trader. Call us today to know more!

Manual Money Management Tips for Forex Trading in Malaysia

In the world of Forex trading, money comes and goes in a flash. The scarily volatile currency markets can make a bad trade turn around profitable, and make the safest of trades risk-riddled! Even with the tons of blogs, videos and tutorials lying around, you will find yourself puzzled on one too many occasions to count. However what'll continue to be a consistent mystery is saving money while trading currencies. Almost a paradoxical happening, how does one save money while having to invest it, and more so, lose it!
 

Money management is a skill several Forex traders lack as they begin, but is undoubtedly a portentous requirement to succeed at currency exchange. 

Here are 6 tips to help manage investments better while Forex trading:
 

Manual Money Management in Forex Trading

1) Don't Get Emotional Over Trades: Some trades are bad, and some are worse, that's the nature of Forex trading markets. While you may have implemented a strong Forex trading strategy and followed a healthy risk-ratio, this doesn't stop the market from slipping. Come to terms with the reality that Forex trades can't always be controlled, and won't go in your favor! Novice traders tend to get emotional over losses, and this leads to them overtrading or not trading at all. Agreed that some losses are a result of poor skills, not all can be.

Let bad trades come and go, and use them only as a pedestal to step higher each time.
 

2) To Lose Means to Learn: To get a firm grip over money management, you have to accept that losing is equivalent to learning. Every loss you make only empowers you further and puts you in a spot where the same mistake isn't repeated again. Don't be afraid to lose; it is the opposite that you should fear! Several traders have the "no loss, only profit" mentality, that drives them to jump strategies, overtrade and commit many other mistakes ultimately leading to losses.
 

3) Place Proper Stops: Stop-loss placement is undoubtedly one of the best techniques to minimize losses. The trick, however, isn't merely to place them, it is to do so with precision. When you place a stop too early, your position will be exited from the trade and hence you will have missed a potentially good trade! Likewise, a late stop will lead to you incurring one too many losses before being able to leave the trade. Get a Forex demo account and with the help of your broker, learn how to place proper stop orders. 

Done right, these can keep you from what might have become huge disasters and save you a good load of money!
 

4) Growth Comes with Time: Money isn't going to magically multiply, no matter how dumb your luck is. To see recurring profits, you will need a lot of practical experience, which can't always be obtained by reading or demo trading. Some subtleties of Forex trading have to be experienced first-hand to learn the best. Give trades time to grow, and give yourself the same. Getting hasty and leaving trades early, shying away from good opportunities or jumping Forex trading strategies will play out against your favor! 

Be patient, resilient and embrace the slow process.
 

5) Leverage Only as Required: The beauty of Forex trading in Malaysia is that you can get started with nominal sums. Amounts as little as a few dollars will get you on trades! Even with minimal investments, you can hold positions of a value far higher - by leveraging. Leverage allows you to borrow some money from your broker and add it to your already invested capital, thereby incrementing its value and letting you hold more valuable positions. With leverage, you can win back amounts much bigger than you invested! 

However, when you lose, you lose all the money along with the borrowed sum. This is why traders have to exercise precaution when they leverage.
 

6) Demo Practice is Essential: When you start off with Forex trading in Malaysia, ignore the surrounding noise and go hone your skills on a good Forex demo account. Traders get distracted easily and lose the focus on the objective. Without ample demo practice, you will have a tough time in the live trade markets. Right from strategizing to getting a grasp of market movements, on a demo platform you will learn a lot of much-needed skills!
 

These simple but incredibly effective tips will help you get started on the right track while Forex trading in Malaysia! Without having enough capital, growing as a trader is impossible. Learn how to manage your investments and dominate your trades - sign up with WesternFX today and avail stellar assistance from our experts! From providing unparalleled guidance to equipping you with the best of platforms and strategies, we will ensure you take to the skies with us by your side!