Forex Trading Sessions in Malaysia

Time Zones in Malaysia

Malaysian Standard Time (MST), or GMT+8, is the applicable time zone, and Malaysia does not observe daylight saving time. While there is only one “time zone” in Malaysia, traders should understand that not all hours of the day are equally suitable for trading. To know when various trading sessions begin and end, traders must be familiar with time zones in countries like London and America. It aids traders in making trading plans and seizing trading opportunities that present themselves during overlapping sessions.

Since Malaysian traders can trade whenever they want, they should not limit themselves to opening positions only in the morning or late at night. Although no particular time zone governs Forex trading, traders can benefit from the differences in time zones. This is because different time zones affect when to trade currencies.

Additionally, the Malaysian time zone appears to be ahead the moment the Forex trading sessions begin in other time zones. However, traders should research the time the market opens in the various Forex trading sessions and integrate it into Malaysian local time (GMT+8) to know when to start Forex trading. As was mentioned earlier, Malaysia Time is eight hours earlier than the Coordinated Universal Time reference. Therefore, you must increase Coordinated Universal Time by eight hours to determine the local standard time.

What is the best time to trade Forex in Malaysia?

Based on analysis, the best times to trade Forex in Malaysia are during the London and New York sessions. And this takes place from 4:00 PM to 1:00 AM (the following day) GMT+8 and from 9:00 PM to 6:00 AM (the next day) GMT+8. Research indicates that the majority of traders are active during this time, and trading volume is very high.

However, this pales in comparison to the volume of trades that are active when two sessions overlap. So the best time to trade Forex in Malaysia is between 8 and 11 a.m. EST. And this is when the European and American trading sessions overlap, which corresponds to 9 p.m. to 12 a.m., GMT+8, in Malaysian time. And the majority of the daily trading volume in the global Forex market tends to occur when these sessions overlap.

Although trading activity varies depending on the time of day, the Forex market is open twenty-four hours a day, five days a week. The Malaysian Forex market is open from 9 a.m. to 5 p.m. local time. Note that weekends and federal holidays are off-limits to trading on Malaysia's Forex market. Traders should remember these holidays and adjust their trading strategies, especially those who automate trades.

Best time to Trade Forex - TU Research

According to TU experts, traders seeking the best time to trade Forex in Malaysia should start by knowing the best Forex brokers and different Forex trading sessions. Next, learn about the best trading days of the week and the best time to trade Forex in Malaysia. Then, research the best currency pairs to trade during this time.

While this can be daunting and confusing for new traders, TU experts surveyed 2,500 experienced Forex traders. The results of this research explain the best time to trade Forex in Malaysia after choosing a broker.

Results of a survey on the days of the week with the best trading:

According to the research carried out by TU experts, the best times to trade Forex in Malaysia, as rated by top traders, are:

The above results do not negate the fact that the best time to trade Forex in Malaysia is when Forex trading sessions overlap. And this makes 9 p.m. to 12 a.m. (GMT+8) the best Malaysia Forex market hours. So you could include Wednesday and the time stated above in your list of active trading periods.

Key findings of the research conducted by TU experts on the best time to trade Forex in Malaysia:

Note:

The results of the survey are not gender-specific. Regardless of their level of trading experience, traders of both sexes agree that Wednesday is the best day to trade foreign exchange.

Best Forex Pairs to Trade in Malaysia Trading Sessions

The most volatile conditions for the Forex market are during the Sydney and Tokyo, Tokyo and London, and London and New York overlaps. And this overlap, which raises the volatility of the Forex market, offers traders an opportunity to buy or sell the following currency pairs.

Analysis showing the best time to trade Forex in Malaysia per the Forex trading sessions:

Using a demo or a live account with minimal trading volumes and leverage, a trader must determine whether the preferred currency pair fits their strategy.

A trader in Malaysia should think about the following elements before selecting a currency pair:

Best Forex Brokers in Malaysia

1

9.4/10

Go to broker

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

Minimum deposit:

$50

Bonus for deposit:

0%

Regulation:

CySEC, FCA, ASIC

Review

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA. eToro Profile Details

Pros/Cons

•the minimum transaction amount for copying is $1;

•handy functionality for passive investing;

•regulated by independent monitors;

•it is possible to purchase contracts for fractional shares (that is, to invest amounts less than the cost of one share);

•it is possible to buy shares at once (not CFDs) on the US stock exchanges.

•high spreads;

•periodic technical failures in order execution;

•lack of the most popular platforms such as MetaTrader 4 and MetaTrader 5 in Europe and the CIS;

•no access to ECN systems, orders are processed only according to the STP (straight-through processing) scheme with access to specific liquidity providers;

•there is a commission for withdrawing funds;

•impolite support staff;

•inconvenient website.

Study Review

2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

No minimum

Bonus for deposit:

0%

Regulation:

FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA

Review

The name OANDA is an acronym for “Olsen & Associates” or “Olsen AND Associates”. It is registered in the United States and provides its clients with a wide range of financial services in most countries of the world. The company was founded in 1996 and is currently regulated in four jurisdictions. The main regulator of the broker is the UK Financial Conduct Authority (FCA). Oanda Canada is licensed by IIROC. The company has several significant awards to its credit, including a victory in the category "Best Forex Trading Technologies" from the UK Forex Awards, "Best Trading Platform" from FX Week, as well as "Best Customer Service" from the US Foreign Exchange Report.

Pros/Cons

•Minimum deposit from 1 dollar.

•A large selection of the most popular trading instruments.

•Several reliable and reputable financial regulators.

•Inconvenient and poorly functioning site.

•Lack of cent accounts.

•Lack of bonus programs.

Study Review

Time to Pause Forex Trading in Malaysia

While you try to figure out the best time to trade Forex in Malaysia, remember that there are times you should not trade. The best times to trade Forex in Malaysia are when there is a lot of liquidity, as you must have read in the earlier section. However, the worst times to trade Forex in Malaysia are:

Note:

Maintain up-to-date knowledge of recent affairs, financial data, and global and domestic market trends. You can use the information to determine the best time to trade Forex in Malaysia.