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 Forex Version 20, Foreign Exchange Market Discussion

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sleepwalker
post Jan 25 2018, 02:56 PM

Need sleep....
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QUOTE(plumberly @ Jan 25 2018, 12:00 PM)

This surprises me as RM has improved from 4.5 to 3.9 vs the US$. But relative to many other countries we are really NOT doing that well.

There is no surprise here. That is why we use 3 currency pairs to determine this. For example, USD/MYR has improved to 3.9.. you can't tel which of the pair has gone up and which has gone down. So you take another pair like EUR/USD.. which also shows EUR going up. Then you take EUR/MYR and realised that we are not gaining on EUR.

This 3 pairs then confirms that it is the USD that is dropping and not MYR gaining against it. No surprise.

This post has been edited by sleepwalker: Jan 25 2018, 02:58 PM
sleepwalker
post Apr 18 2018, 10:23 AM

Need sleep....
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QUOTE(Sam2222 @ Apr 16 2018, 07:23 PM)
Is Rakuten regulated as a forex broker in Malaysia?
*
Is there such a thing as a regulated malaysian forex broker? I doubt so since BNM is still such a dinosaur when it comes to forex trading. The only 'forex traders' regulated in Malaysia are your Money Changers. There aren't any official forex brokers in Malaysia. All brokers operate outside of Malaysia.
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