A Brief Guide on Various Forex Trading Strategies in 2019

The modern trader's favorite investment market, Forex trading is today, one of the highest-valued financial grounds for traders. A trading value of $6 trillion floats around, with thousands of traders trying their hardest to get a bite! Despite of the fact that foreign exchange sees crowds in mammoth numbers, the number of players who make it out successful are but a few. Some trades are lost due to sudden market shifts, while some trades fall prey to losses due to an inefficient strategy. At the end of the day, succeeding as a Forex trader is impossible without having a strong strategy.
 

A good Forex trading strategy should cover the A-Z of a trade; everything from trends to loss prospects has to be kept in mind while strategizing. 

Here are 4 Forex trading strategies that you can start implementing right away, and see a massive improvement in your results:
 

Various Forex Trading Strategies Traders Implement in 2019

1) Trend Trading: One of the most dominant approaches to Forex trading in Malaysia, trend trading is the bread and butter for thousands. As a trend trader, your job is simple in description but complicated in application. Market trends form due to economic shifts and new political developments, you have to catch these trends by employing technical or fundamental analysis, and place trades based on the information obtained. Trend trading when done right can be an incredibly rewarding experience, both knowledge-wise and money-wise!
 

2) Breakout Trading: Put simply, breakouts occur when a price breaks out of a particular range. An increase in volume usually causes breakouts, which is what makes this strategy all the more risky. Without proper risk-management, banking on this trading strategy can lead to piling losses! Similarly, the right set of indicators is needed to study breakouts and place trades accordingly.
 

3) Scalping: Scalping has a very simple approach - place trades on smaller timeframes that are bound to see market movements and trends, make small profits, and repeat throughout the day to make huge compounded wins!
 

4) Pullback Trading: A pullback is when a price drops from a particular value and then continues to see a larger rise. With a pullback trading strategy in place, you can place trades that will eventually fall, during which time a stop-loss order will protect you, and then when the trend sees a larger rise, capitalize on it.
 

Forex trading in Malaysia is a daunting challenge; the field is getting increasingly competitive by the day, and you will need the assistance of strong strategies if you want to see results! Talk with one of our experts at WesternFX and learn how to draft winning Forex trading strategies. We will equip you with the best of approaches, no matter how erratic the market is and see to it that you come through successful! Call us now to know more.

CFD Trading Vs Options Trading - Which Field is Better & Why?

One of the most flexible trading markets in the world today, Contracts for Difference (CFD) is a domain ready to disrupt the trading society. What makes CFD trading unique and so sought after is that firstly, you don't have to own an asset to trade it, you merely speculate on the change in its value, and secondly, you can do this for currencies, options, indices, stocks and a variety of such financial commodities! 

There are rewards in plenty, and risks plenty more, which is what makes trading any asset, be it stocks, currencies or contracts, a very risky endeavor.
 

What is CFD Trading?
 

Choose the Best Among CFD Trading vs Options Trading

 

Put simply, contracts trading are the exchange of a financial commodity between a broker and a trader did across a pre-established timeframe decided by the opening and closing time of a trade. In essence, a CFD is an agreement between the broker and the trader, one that requires no actual owning of said asset. Any profit or loss made is a result of the commodity's movement.
 

This nature of CFD, which lets you profit from simply speculating is one of its biggest advantages. Let's see an example of its beneficial nature - assume that you want to buy 20 shares of an asset valued at $10 per share, doing this on stock trading grounds would lead to you purchasing the 20 shares for $200. However, with a CFD agreement, you need only pay a percentage of the actual share value. 

So with 5% charged, you will only be paying $0.5 per share and be able to buy the 20 shares at just $10! This is one of the many benefits surrounding CFDs.
 

Why Trade CFDs?
 

Trade on Falling and Rising Markets: The biggest advantage CFD online trading in Malaysia has, is that it allows traders to profit from markets that are rising as well as the ones that are falling. This means that you are immune to erratic economic shifts that disrupt growing trends and push them downwards. So long as you analyze the markets properly, falling trades will be a friend just like the ones going up are.
Flexible Contracts: There is no trading cap you are supposed to obey. As a CFD trader, the contracts are flexible and lot sizes are provided in varying sizes. 

If you are new, you can begin with smaller lots; as you progress the size can be incremented and you can start making bigger trades.
 

Hedge Trades: Hedging can help you greatly when you place risky trades and are on the verge of losing a big chunk of your capital. Since CFD trading in Malaysia can be done both ways, you can hedge your losing trades by opening another position in the opposite direction! This guarantees that either one of the trades will win or the one that's lost will be compensated for by the other. 
 

Trade on Margin: Margin trading makes CFDs so very lucrative! To put margins simply, opening a trade contract for a particular asset will only cost you a margin of the original value said asset carries. This makes CFD trading lighter on the pocket but doesn't reduce its profitability! 
 

What is Options Trading?
 

A derivative security, options get their value from parent assets. Options trading are the buying or selling of an asset for a fixed price before a specified date and this is done through an options contract. Options are of two types, call (buy) and put (sell) options. A call option lets you buy an asset at the price agreed upon, and a put allows you to sell the same. Once either of these options has been bought, your job as an options trader is to go long or short depending on your market speculations.
 

Benefits of Options Trading:
 

Cost-effective: Options trading can be very cost effective when compared to its cousin trading fields. Buying 100 shares of a $50 stock will cost you $5000 through normal means; with an options contract, however, you can purchase two $10 call options, wherein each call represents 50 shares, and the total would only add up to $2000! 
 

Relatively Less Risky: The margin and leverage provisions make options less risky when traded properly; keep in mind that this very leverage can backfire and lead you to losses! As a hedge and on nominal margins, however, options are times less risky than shares.
 

Healthy Profit Opportunities: When the investments are lesser than the returns, it is a clear case of evident profits. Options trading markets have a stellar profit potential in the hands of the right trader.
 

So if you are trying to decide between options trading and CFD trading in Malaysia, it ultimately comes down to preference! Both markets have a good trading value with ample profits for the taking. Still confused? Talk with an expert at WesternFX and know more! We house trading veterans, battle-hardened and ready to help you out with your queries. Call us today to get in touch!

6 Tips to Boost Your Forex Trading Strategies in 2019

The wealthy Forex exchange markets carry a trading value of over $6 trillion today, and thousands of traders are in the race to get their hands on this! Foreign exchange has grown to become a tremendously valuable field, with the competition ever-increasing. What ultimately takes traders to the profits they dream of is the efficiency of the Forex trading strategy they implement in trades. Chaotic, volatile and unpredictable, currency trades can get out of control in an instant. Only when backed by a well-planned approach can you expect to see even the most marginal of profits!
 

There are myriads of opportunities for traders to invest on, but without a good trading strategy, even the easiest of trades will slip out of your grasp. A trading plan is responsible for giving Forex players a clear idea of what is to be done; essentially, it serves as a backbone to traders. Many novices make the mistake of venturing into currency exchange markets without the backing of a solid plan, and needless to say, this seldom ends well.
 

Tips to Improve Your Forex Trading Strategies

Your trading career can see multiplying profits if you work with a meticulous strategy, and here are 6 ways to devise a sharp plan:
 

1) Keep the Starts Small: Before you start Forex trading in Malaysia, make sure your steps aren't so long that you trip over! One of the biggest reasons many traders see loss after loss is because they are aiming too high up. Driven by the desire to make hefty profits right off the bat, Forex traders overinvest, participate in bad trades and hold positions that they will eventually lose. If you want to ensure that your Forex trading career lasts long and brings in good profits, keep your starts small. 

Implement simpler strategies, invest in smaller amounts and let the smaller wins make your content! You can increment the capital you put in gradually, as you start getting more experience. 
 

2) Have Realistic Expectations: Dreaming is one thing, day-dreaming is another. While you are Forex trading in Malaysia, it is natural to want to think about making a lot of money and seeing swift success, but thinking alone doesn't do much. You will have to leave the castle you've built in the sky, come down and put in the ground work! Always keep realistic expectations, they help in two amazing ways - letting you focus on an achievable goal, and keeping your foot on the ground. Forex exchange is definitely an arduous task but in no way impossible. 

The struggles put in will be rewarded grandly! So keep a proper goal, and don't stop working towards it.
 

3) Prioritize Capital Management: How efficiently you manage your investment speaks a lot and will have a great impact on your trades down the line. In the rush of trading, Forex players forget to protect their money with the necessary means and end up losing hard-earned money completely to one bad trade! You will come across these catastrophic trades on many occasions, where the outcome is almost always bad. 

To protect yourself from such trades, you will have to be sharp and take the necessary money management measures and make it an indispensable part of your Forex trading strategies. 

Without enough capital in your trading account, even a small loss will leave you emptied and burnt! 
 

4) Don't Rely on Rumors: Only trust the news and proven statistics. In a market with thousands of traders around, rumors and myths are bound to cloud the way. Don't rely on them. You will misguidedly make wrong calls and end up losing a good chunk of money by taking the wrong turn! Precision and adeptness play an important part while Forex trading in Malaysia. Make judgments based on strong analysis and studies, rather than letting wrong whispers land in your ear. 
 

5) Avoid Getting Overemotional: Losing is natural, and you are not always responsible for it. Agreed that some exchanges could have gone better had you traded right, some trades went bad solely because the markets were erratic! Acknowledge the simple fact that you won't always win, and you will have a fresh perspective of the market.
 

6) Watch the Market Developments Keenly: Forex exchange markets always come up with something new, as an adept trader, you will have to be updated about what goes on. Study more than you trade, it's that simple. Always have an eye on Forex trading developments, be it economic, social or political factors that influence it.
 

Many capable traders have made a name for themselves while Forex trading in Malaysia, but none without a good Forex trading strategy. Be it a simple approach or a complex one, partner up with WesternFX today and back your trades with a solid plan! Our experts have ample experience trading currencies and will equip you with a stellar Forex trading strategy for your exchanges. Call us today and talk with us to know more!

4 Reasons Why Forex Trading is an Amazing Career Option

The same old 9-5 can grow on a person, and before you know it, you're all burnt out. Monotone jobs with little to no excitement can drain out all the fun from a person! Deadlines and the target sound exciting in the beginning, but when you are on the same rollercoaster for years, there are no ups and downs left to imbue your days with fun. This is where Forex trading comes in; a field filled with incredible profit potential and enough volatility to keep you glued, it can be the perfect full-time career option.
 

Many people have taken up Forex trading as a part-time job and this helps make a good extra buck while studying, working a day job or tending to any other work in general! 

Here are 4 reasons why Forex trading is a great path to go down:
 

Forex Trading is an Amazing Career Option

1) No Constrictions: You aren't limited by anything as a Forex trader. Want to work part-time as a trader? You can. Want to diversify trades with different currencies? You can! The arduous 9-5 severely limits what people can do. In the foreign exchange markets, you take the lead and the decisions made are yours alone!
 

2) A Variety of Trading Methods: Forex trading strategies lie in plenty, and you can choose from a number of Forex trading approaches according to your interests. If you want to take a slower approach, you can draft long-term plans and follow a relaxed approach. Similarly, an intensive experience can be obtained through shorter strategies placed! You are free to implement any plan you feel suits you best and make a good winning all the same.
 

3) Work from Anywhere You Want: With online trading available, you can take part in Forex exchange from your home or a beach if you like! Foreign exchange doesn't have the limitation anymore that requires you to visit banks.
 

4) You are Your Own Boss: The greatest freedom you can get is paving the path you walk on. As a Forex trader, you are your boss. Trade when you feel like, play around with Forex trading strategies and implement any and at the end of the day - make a great winning!
 

If you're thinking of switching fields, Forex exchange will be the perfect fit for you! With an arsenal of benefits, you can make a good sum frequently, while also indulging yourself in some interesting market research. Come sign up with WesternFX now, and avail from our array of extensive Forex solutions. Assisted by our experts, you will see stellar profits in no time!

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!