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billytong

Mar 8 2007, 04:47 PM

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Lord Sauron

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lol, EUR/USD market free fall. But it drop more than I expected. I stay put until I see the bottom first.

EDIT:
BOE interest rate remain same...

Oh boy luckily I stay put.

Longers is gonna hurt.

This post has been edited by billytong: Mar 8 2007, 11:00 PM

apis

Mar 9 2007, 07:08 PM

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rite now,i want to invest on gbp/jpy..get more than 300 pips this week..i think this pair will go uptrend...

amenlo9

Mar 11 2007, 12:19 PM

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is there any Tax for forex income?

mentos

Mar 11 2007, 12:34 PM

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no tax ..............

amenlo9

Mar 12 2007, 12:20 AM

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QUOTE(mentos @ Mar 11 2007, 12:34 PM)

no tax ..............

no matter how big your account?but need to declare ?

luqmanz

Mar 12 2007, 07:03 AM

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QUOTE(amenlo9 @ Mar 12 2007, 12:20 AM)

no matter how big your account?but need to declare ?

No need to declare or do anything. Don't have to worry about tax. Income generated overseas are non-taxable.

amenlo9

Mar 13 2007, 09:58 AM

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QUOTE(luqmanz @ Mar 12 2007, 07:03 AM)

No need to declare or do anything. Don't have to worry about tax. Income generated overseas are non-taxable.

if the broker is from US and Swiss,should we pay tax to them?

hi luqmanz,any recommend for good borker?

billytong

Mar 13 2007, 10:23 AM

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Lord Sauron

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QUOTE(amenlo9 @ Mar 13 2007, 09:58 AM)

if the broker is from US and Swiss,should we pay tax to them?

hi luqmanz,any recommend for good borker?

I'm not sure about swiss broker. But for USA, all foreign investor income are tax exempted and income generated from oversea is tax free for Malaysia. So basically if you get what you earn.

johntxy

Mar 13 2007, 03:15 PM

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any news for SGD/RM?

jong52yuara

Mar 14 2007, 12:58 AM

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Forex is the best business you can do.

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if you open a forex account with US broker, you will need to sign a W-8BEN form to declare youre not US citizen and exempt from paying tax.

the form will be available from your broker.

uniglo

Mar 14 2007, 04:11 AM

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Not all US based brokers are good.

I prefer offshore brokers.

luqmanz

Mar 14 2007, 09:04 AM

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QUOTE(jong52yuara @ Mar 14 2007, 12:58 AM)

if you open a forex account with US broker, you will need to sign a W-8BEN form to declare youre not US citizen and exempt from paying tax.

the form will be available from your broker.

Yes, and that form only takes 2 mins to complete. Opening a trading account is like opening email except you have to scan your passport and send to them.

hunt17

Mar 15 2007, 12:22 AM

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currency pair with jpy looks like its downtrend at the moment..

hopefuly those pairs will recover next week

apis

Mar 15 2007, 12:46 AM

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QUOTE(hunt17 @ Mar 15 2007, 12:22 AM)

currency pair with jpy looks like its downtrend at the moment..

hopefuly those pairs will recover next week

rite now yen are quite strong...better to invest short..

billytong

Mar 15 2007, 03:39 PM

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Update guys, The EUR/USD is crashing now for a price correction.

I stay neutral until it stop crashing and then I will establish a long lower price and hopefully it rally to 3260 tonight.

luqmanz

Mar 15 2007, 05:08 PM

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QUOTE(billytong @ Mar 15 2007, 03:39 PM)

Update guys, The EUR/USD is crashing now for a price correction.

I stay neutral until it stop crashing and then I will establish a long lower price and hopefully it rally to 3260 tonight.

Yaa I'm still shorting it ...

billytong

Mar 15 2007, 07:29 PM

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Lord Sauron

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Update guys,
I see the short term bear trend is ending. Is long time!

3260,3353 Here I come!

hunt17

Mar 15 2007, 08:21 PM

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for EU? .. i cant c anything yet....

billytong

Mar 15 2007, 10:10 PM

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Lord Sauron

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QUOTE(hunt17 @ Mar 15 2007, 08:21 PM)

for EU? .. i cant c anything yet....

It went up to 3240 height. But it up strength seems to be fading after that.

I take my profit and run

luqmanz

Mar 16 2007, 09:10 AM

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EUR/USD rallied 40 pips early this morning lol ...
USD/JPY is crashing lol ....

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