I guess this is not going to end until we have a proper source or explanation. Ok. Take a look at page 126 of the CTFC proposal quoted below. Read point 2. Here's the link to the entire proposal of the 10:1 leverage. This is how the CTFC defines the retail forex dealer. Understand now or do you need simpler words?

http://www.cftc.gov/ucm/groups/public/@new...lesproposal.pdf


YOU SHOULD BE AWARE OF AND CAREFULLY CONSIDER THE FOLLOWING POINTS BEFORE DETERMINING WHETHER SUCH TRADING IS APPROPRIATE FOR YOU.
(1) TRADING IS NOT ON A REGULATED MARKET OR EXCHANGE – YOUR DEALER IS YOUR TRADING PARTNER WHICH IS A DIRECT CONFLICT OF INTEREST. BEFORE YOU ENGAGE IN ANY RETAIL FOREIGN EXCHANGE TRADING, YOU SHOULD CONFIRM THE REGISTRATION STATUS OF YOUR COUNTERPARTY.
The off-exchange foreign currency trading you are entering into is not conducted on an interbank market, nor is it conducted on a futures exchange subject to regulation as a designated contract market by the Commodity Futures Trading Commission. The foreign currency trades you transact are trades with the futures commission merchant or retail foreign exchange dealer as your counterparty. WHEN YOU SELL, THE DEALER IS THE BUYER. WHEN YOU BUY, THE DEALER IS THE SELLER. As a result, when you lose money trading, your dealer is making money on such trades, in addition to any fees, commissions, or spreads the dealer may charge.
(2) AN ELECTRONIC TRADING PLATFORM FOR RETAIL FOREIGN CURRENCY TRANSACTIONS IS NOT AN EXCHANGE. IT IS AN ELECTRONIC CONNECTION FOR ACCESSING YOUR DEALER. THE TERMS OF AVAILABILITY OF SUCH A PLATFORM ARE GOVERNED ONLY BY YOUR CONTRACT WITH YOUR DEALER.
Any trading platform that you may use to enter off-exchange foreign currency transactions is only connected to your futures commission merchant or retail foreign exchange dealer. You are accessing that trading platform only to transact with your dealer. You are not trading with any other entities or customers of the dealer by accessing such platform. The availability and operation of any such platform, including the consequences of the unavailability of the trading platform for any reason, is governed only by the terms of your account agreement with the dealer.
(3) YOUR DEPOSITS WITH THE DEALER HAVE NO REGULATORY PROTECTIONS.

sorry another htc hd user here... I like it, but must have mental note on resistant/support lines cause i cant plot em in my pda
im using celcom broadband.. I like it...

*correction*

This post has been edited by Sham903n: Jan 26 2010, 12:59 AM

Try plug your s&r indicator into your pda and load the indicator at your pda. it should work, i believe.

i mean i have preset indicator, only when I put in lines, it pops error at the top right. but it doesnt bother me , plus I trade in the 1min TF..
it will be messy after a while...

This post has been edited by Sham903n: Jan 26 2010, 12:57 AM

Thanks. Looks like htc is still the favourite.

Thanx for the useful info.

Hi,

Yesterday i did check with Alpari UK regarding the fees they charges for deposit/withdrawal. I felt better deposit them using credit card, any one here know whether bank will have extra charges beside the amount we deposit?




Deposit through bank wire:

RM25(local bank charges) + GBP 6( UK bank charges) = RM 58+-

Deposit through Credit Card:

1.75% on top of your credit card.


Withdrawal:

£18 <= anyone know this is usd/gbp?




http://www.alpari.co.uk/en/customer_servic...osit_funds.html
http://www.alpari.co.uk/en/customer_servic...draw_funds.html


Thanks in advance.

Beside HTC, you can try other windows mobile phone like Sony Ericsson xperia, samsung omnia, acer neo touch and so on. If budget is not your problem, get the HTC HD2 which have 4.3" largest screen among all the phones, so you get easier to look at your chart.

If I am not mistaken, you shd be able to plot your res/support with the horizontal line. Other then that, vertical line, trendline and fibo is available on the mobile platform.

You do have to keep in mind that you can only withdraw to the account that initially funded the deposit. So if you use your credit card, you can only refund back to your credit card.

Furthermore, creditcards have very bad exchange rate. You might want to check the exchange rate with your credit card before starting the deposit.


BTW.. did you read the link that you provided to us? You can't fund with creditcard from Malaysia.

# Credit/Debit card (except residents of Argentina, Bolivia, Brazil, Bulgaria, China, Chile, Egypt, Estonia, Indonesia, India, Kenya, Malaysia, Mexico, Nigeria, Romania, South Africa & South Korea)


£18 <= anyone know this is usd/gbp? <= IS THIS A TRICK QUESTION?

This post has been edited by sleepwalker: Jan 26 2010, 12:09 PM

Oh really, i was not aware of that. If this is the case, i have to deposit using bank wire.


Thanks for your information anyway.

Then I guess you didn't even read the link before asking us for the details and you definitely didn't even look at this "£18 <= anyone know this is usd/gbp?" before asking us whether it is in GBP or USD. I guess some of us here does not even know what "£" stands for.

Are you sure you are ready to trade?

Yeah, SE xperia is another choice.

But from my checking from mobile88 website, omnia and acer doesn't use windows. I think they use 'symbiom' or something like that.

I saw the 4.3inch HTC, but i'm still thinking whether i should get those with qwerty key, as i'm not use to touch screen. actually i'm not used to qwewrty also. Been using normal keypad for a long time, that i can type while driving, w/o looking (at the keypad). Definitely can't do that with touchscreen / qwerty.

However the cons of qwerty, is it will be heavier, (and maybe more costly i guess?)

I haven't research on the costing yet, but i guess i have to budget around 2-3k, darn, can get a brand new laptop/netbook with that amount!!!

Thanks again.

Yap, i really don't know this symbol is for usd/gbp.

You are right, maybe i am not really ready yet so i will just fund a small account to try out my strategy.


Thanks

---

Added on January 26, 2010, 1:38 pmAnyway, i did read the links but i missed out the part they don't admit any malaysia credit card. It is my fault.

Thanks

This post has been edited by chanlf: Jan 26 2010, 01:39 PM

Euro sell on rallies, starting to look good.
I am a HTC Touch 3G user. I dun draw lines in my HTC platform, after trading for so long, u can start to remember where the SR levels are, that time u remember the prices. U just trade on prices without charts also can.
Just like the uncle at the stock market, alwiz look at price price price 1, no charts, after some time, u will know which price is SR.
I am looking forward to 1.38 in Euro, if it happens then good >

so anyone using mobile to trade oanda since their platform is java based. i heard alot of phone cant use oanda platform

Recently BNM announced about illegal for forex trading.

What will happen if BNM takes action?

Most major broker are not really that bad, there is enough loser in the market even if u are profit ten of thousands the broker is not gonna rip ur butt off because our profit is pocket change to them. If one with huge (I mean huge here is like profit 6 figure of USD every month) acc start earn lots of money. first thing you probably see is a leverage reduced, then follow by a spread increase, which not so much a big deal, just harder to trade. At the level, ur spread alone is already profitable to brokers.

The particular trader might as well head to Dukascopy, or Interactivebrokers

just my 2 cents.

This post has been edited by billytong: Jan 26 2010, 09:19 PM

just close my trade for a profit
trying to cover back mistakes I've done which caused me losses 2 days ago...dam

Oanda platform for mobile only have basic trading. My phone using Symbian OS works fine.