Some of my readers send me a message a few days ago, asking how to trade Ringgit Malaysia (MYR). I will be honest here, that I don’t know how to trade Ringgit Malaysia or MYR. I started currency trading about 2 half year ago, and at that time until today MYR is not allowed to be traded offshore.
Maybe soon, we can start trade MYR. But at this moment, can not.
The decision to allow or not, is still under discussion. Our Malaysia’s central bank said certain pre-conditions have to be in place before the country could look to allowing the Ringgit to be fully traded offshore.
Uffff, stronger Ringgit is something bad for me, because my income is in USD. Stronger Ringgit means, when my income converted to Ringgit Malaysia.. I will receive less.