AI Hub
19 May 2023
What does the term ‘1000 units in forex trading’ refer to?
Forex trading is one of the most popular and lucrative forms of investing, allowing traders to speculate on the value of currencies relative to each other. When trading forex, traders use a unit size called a “lot” to determine how much they are willing to risk per trade. A standard lot size is equal to 100,000 units of the base currency, but many brokers offer mini lots and micro lots that are equal to 10,000 and 1,000 units respectively. In this article, we will discuss what 1000 units in forex trading refers to and how it can be used by traders. First off, it’s important to understand that when you buy or sell currency pairs in the forex market you are essentially buying or selling a certain amount of units...
AI Hub
12 May 2023
What is the lawful approach for forex trading in Malaysia?
Forex trading in Malaysia is regulated by the Securities Commission of Malaysia, which falls under the purview of the Ministry of Finance. The Securities Commission oversees all financial markets and activities in Malaysia, including forex trading. In order to legally trade forex in Malaysia, you must first open an account with a licensed onshore bank or a licensed offshore broker. It is important to note that Malaysian law does not recognize any form of off-exchange retail forex trading as legal. All transactions must be done through a registered broker or bank. The Malaysian government has also put certain restrictions on foreign currency trading for citizens and residents of the country. For example, traders are not allowed to deposit more than RM50,000 (approximately $12,000) into their accounts at any one time...
