good idea..well count me in.. where do u stay?

hello traders~~

//another great trading day

EJ

129 fail as support then move the 128.15 as support. (short term)

134.80, i bullish bias (longer term)

This post has been edited by mphpopular: Jul 14 2009, 10:55 PM

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thanks chartist just what i needed for comfirmation.

Well, in order to be good in one field, you have to practice. Practice makes perfect. If you are good in technicals, and you want to learn more about fundy, there's plenty of sites to go through. Not everyone is a scalper, not everyone is a position trader. The trading system has to suit your personality.

A group tutor is not efficient as many would end up leeching and not contribute. My 2 cents.

Also, a great trader not only post his profits but also his losses and explain to the public why he made a loss in that particular trade. Don't believe me? Go read Jim Rogers and George Soros latest books. Each of them informed readers why they loss.

As for our notorious ex Bloomberg/ex RHB employee who said DOW will reach 5000 and GU 1.55, he has yet to admit he is wrong. Why should anyone believe him when he doesn't dare to admit he is wrong?

My TP for EUR/JPY is 134.45

dont say that yet as i think most of the readers here are not full time trader. and yes, those who are real pro never ever requires group discussion or rely on something to make their investment decision. all the professional that i know always depend on themselves, it reach such a personal level that i know many of them has built a solid foundation of trust within themselves already, those are the invaluable experience and wouldnt come with basic understanding.

- no matter what advice youre getting from or even George Soros it only can be a guidelines.
- change MUST COME from yourself, you cant change by reading books/following other advice
- world's top 10% trader make their own decision

GU analysis

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EU 15July09

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The Global FX Broker category recognized seven brokers that were among the top 6 brokers in more than one continent. This group of peers was then matched against one another in the five sub-categories: Best overall, platform, customer service, accounts and funding departments. This year’s winner in this category was IBFX, followed closely by Oanda and Alpari UK in third place.

Some of the 50 brokers in the survey did not sufficient votes to allow us to consider the results representative of their client base. We applied the criteria of a minimum of 8 votes, resulting in a list of 28 brokers that accounted for 96.3% of all votes received.



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Haha, glad to see this data. I use IBFX demo to charting. Oanda and Alpari UK to trade.

alpari UK surporter here as well.. both demo and live account..

EU GU -ve divergence

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the best fx broker in the world has certain requirement(even im not qualified to get it..lol )

- you have to be asset manager
- minimum 5 years or more of full time trading experience
- 10,000 lot volume of trade or more required to execute every month
- 50 million or more starting capital

Any forumer wire money into Oanda Account through Maybank2u?
When i select Foreign TT option, they will ask you who and what is the transfer for and i have selected the last option which is to a non Malaysian Resident overseas. It states there need to get approval form BNM first. Anyone can clarify this and do we need to get BNM approval if we do TT over the counter.
Thanks.

No need to do so, why you select non Malaysian Resident?

I found out Maybank exchange rates quite high and HSBC got lower rates. For example, USD/MYR is 3.61 in Maybank while HSBC is only 3.56, normally Maybank use the RM10 per transaction to attract ppl to do TT and HSBC charges is higher which is RM25, if you TT larger amount, i'll recommend HSBC.

r u from Hong Kong? i know many HK ppl do trade forex, its like culture there i think. even typical banks at HK do have facility to trade fx like maybank2u shares (except at here is for local stock only)

When i click on Foreign TT, I am given the following option

a)I am a non-Malaysian resident transferring foreign currency to a Malaysian resident or non-resident.

b)I am a Malaysian resident transferring foreign currency to a Malaysian resident for the purpose of education.

c)I am a Malaysian resident transferring foreign currency to a Malaysian resident for the purpose of employment.

d)I am a Malaysian resident transferring foreign currency to a Malaysian resident for the purpose of investment abroad without domestic borrowing.

e)I am a Malaysian resident transferring foreign currency to a Malaysian non-resident for the purpose of investment abroad without domestic borrowing.

f)I am a Malaysian resident transferring foreign currency to a Malaysian resident or non-resident for the purpose of other than the above mentioned, having obtained approval from BNM.

I have to select either one to proceed to the next page. So which one should i select?

Dear sochaiapk,

Select e)

Yes, e) is the one.