Ringgit hits five-year high against US dollar in holiday trade
The Malaysian ringgit extended its rally, reaching a five-year high against the US dollar, trading in a narrow range of RM4.04-RM4.05.
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Abstract:We advise you to educate yourself before making any investment decision; it took us several years of learning and practicing on Demo accounts
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If you're a new trader, don't look for a broker to trade with; instead, look for a book to read.
We advise you to educate yourself before making any investment decision; it took us several years of learning and practicing on Demo accounts before noticing profitable results and beginning to trade on a real account; therefore, regardless of the amount of money you intend to invest, you must educate yourself. We also advise you to never risk more than you are willing to lose, and to keep risk as low as possible.

These are the most critical steps to take in order to succeed as a trader.
1-Education: You must educate yourself in any way possible and acquire as much information as possible in order to comprehend how the market operates.
2- Practice: You must practice your strategy extensively and back test and demo test it repeatedly until you see positive results for a specified period of time.
3- Patience: You must exercise patience while studying, practicing, and trading the financial markets.
We recommend that you have a:
1- Trading strategy
2- 2- A risk-management strategy.
Prior to commencing trading.
A trading strategy should include the following:
1- A straightforward strategy for conducting your analysis.
2- A set of rules to adhere to when searching for confirmation/setups.
3- Entry/Stop/Target Entry/Stop/Target Entry Rules
A risk management strategy should include the following:
1- Preferred risk level for each trade.
2- Optimal risk-to-reward ratio.
3- Preferred maximum drawdown.
Please keep in mind that the preceding perspective represents our assessment of the market; we assume no responsibility for your own actions.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

The Malaysian ringgit extended its rally, reaching a five-year high against the US dollar, trading in a narrow range of RM4.04-RM4.05.

WikiFX has launched the “Inside the Elite” Interview Series, featuring outstanding members of the newly formed Elite Committee. During the committee’s first offline gathering in Dubai, we conducted exclusive interviews and gained deeper insights into regional market dynamics and industry developments. Through this series, WikiFX aims to highlight the voices of professionals who are shaping the future of forex trading — from education and compliance to risk control, technology, and trader empowerment.

The U.S. National Futures Association (NFA) has filed charges against Forex Wizard, a Japan-based forex trading operation, and its principal Mitsuaki Kataoka, accusing them of failing to process customer withdrawal requests promptly.
Dear Members, WikiFX offers its warmest holiday wishes to you. May each day be filled with peace and joy, and may you share meaningful moments with your family and friends during this festive season. As a global leading forex investment ecosystem service platform, WikiFX has, for over a decade, remained committed to improving trading security, enhancing industry transparency, and protecting investor rights.