I never use credit or debit card to do transfer before but you can check with the currency rate see whether it is higher than telegraphic transfer, if higher, then still the same case.

Did you guys notice 3th aug until now the market very silent, you can see the chart with flat line.

Good, you have learned the experience, your skill getting improve now.

EURUSD: Bullish to 1.52xx in the next few weeks (Daily chart R2)
GBPUSD: Bullish to 1.75xx in the next few weeks

Technical analysis forecast by pwforex.com

This post has been edited by rstusa: Aug 8 2009, 09:20 PM

Bank in rate 3.7!! Although your deposit can be settled within few minutes but they already earn a lot unless you deposit small amount.

As for me, i won't take the expensive courses, i'll study myself. I don't believe other ppl said must attend courses only can get real earn in forex trading, because i'm earning now. Just keep learning it for yourself and you'll find one way out, mostly experienced or bad lesson will tell you the meaning.

Out there got a lot EA auto trading is quite good in performance, you just need to study on them to get the best one, remember STUDY is very important, don't be like other newbie so greedy until use an EA without learning at all, you'll still loss money like that. EA is just a car for you but you're the driver, you still need to drive it to move forward.

1) HSBC Charges: RM25 for local, USD20 for the intemediary bank (HSBC New York), currency exchange rate CHEAP, best to transfer large amount.

2) Maybank Charges: RM10 for local, USD20 for the intemediary bank, currency exchange rate HIGH, best to transfer small amount.

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Added on August 12, 2009, 9:33 amYou can't really depends on indicators, you can use them as your assistant which is not a guarantee winning game. No matter how strong or how knowledgeable of your analysis about those indicators, when the market makers try to manipulate the market in another way, for example your analysis on the trend is uptrend, it will go downtrend because of the MM manipulation. Sometimes news are very important but you can't believe all of it coz some MM will spread fake news to the public and benefited themselves.

This post has been edited by rstusa: Aug 12 2009, 09:34 AM

You can contact Richard Tan, told him Ken Choo introduce one. PM me if interested i'll pm his email to you.

This post has been edited by rstusa: Aug 13 2009, 10:50 AM

Hi Kelvin, did you or your friends or anyone that you know try to withdraw a large amount from oanda successfully? Because i heard ppl said some brokers, even NFA regulated broker, if you got large amount like more than $100k in the account, they can use your money to recover something or pay for their expenses first, when you want to withdraw large amount, normally they told you 2-5 business days of withdrawal but for large amount it take up to few weeks time, because your money taken out by them to use for their company purposes, i'm not too sure about this but i saw this from forum forex-tsd.com, some even said your money can't withdraw 100% out if large amount. Correct me if i'm wrong.

This post has been edited by rstusa: Aug 17 2009, 10:41 AM

But there will be some of the IA or IB set up office in Malaysia.

Yes, agree! Direct TT to the broker oversea is much more secure.

No ppl can tell you which indicators is good or bad, both indicators got pros & cons, it is better that you study on the indicator first, see suitable for your trading style or not.

Why ppl said 1:200 leverage higher risk than 1:50? For 1:200, we'll only spend smaller margin which is $0.50 for 0.01 lot and 1:50 is $2.00. It was very obvious that 1:50 is higher risk. IBFX offer up to 1:400, so every time i spend 0.01 lot just $0.25, if those leverage like 1:100 or 1:50 will spend more margin on your trading.

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Added on August 20, 2009, 10:00 amAlpari UK need you to certified true copy for your documents from a notary, bank manager or commissioner for oath, the process fees only RM8, just find one of them will do.

This post has been edited by rstusa: Aug 20 2009, 10:00 AM

Ohh, then it was the person risk management problem.

This post has been edited by rstusa: Aug 20 2009, 12:20 PM

For the Margin Level showing in the MT4 beside Free Margin, what you guys think of the percentage will risk the account?

No such thing!!!

Recently I email to CFTC regarding how clients funds being protected by CFTC in a forex broker, here you get the answer:-


Exchange-Traded Futures and Options (including Forex)

For exchange-traded futures and options (including forex), Section 4d(a)(2) of the Commodity Exchange Act and Commission Rules thereunder require that a Futures Commission Merchant (“FCM”) hold your funds in an account segregated from the firm’s own funds at a bank, trust company, clearing organization or other FCM, and maintain records related to your funds, so that, in the event of the insolvency of the FCM, the amount of your deposits will be returned to you. Section 766(h) of the Bankruptcy Code, 11 U.S.C. §766(h), and Commission rules promulgated thereunder, which are found in Part 190 of Commission’s rules, give customer funds priority over all other claims except for those claims attributable to the administration of customer property.



Spot Forex (off-exchange trading in forex)

Funds entrusted to an FCM for off-exchange(spot) trading in forex, however, are not required to be held in segregated accounts. If your forex brokerage account is only engaged in off-exchange (spot) forex transactions, in the event of the forex broker’s insolvency, you would be an unsecured creditor and would likely not have any preferred claim to your funds in a bankruptcy proceeding. This would be the case whether or not your funds were “in the market”.



So the final answer is all the forex brokers is belongs to spot forex and for those which belongs to Exchange-Traded normally are bank.

Plan before you invest into a forex broker, good luck!

This post has been edited by rstusa: Aug 25 2009, 08:44 AM

We're getting the same protection with US resident if there is available. But now the different is we all are trading with spot forex (off exchange-traded) broker such as Oanda, FXCM, IBFX, forex.com and so on. Our funds are not control by the FCM, unlike the broker which belongs to exchange-traded that the client funds are keep tracking the records by the FCM. one of the example of exchange traded broker in US is http://individuals.interactivebrokers.com/en/main.php , if spot forex broker, our funds can be modify by a broker which FCM didn't in charge of keep tracking the client funds. This is the different between exchange-traded & off exchange-traded.

This is not the misinformation as what you said. I'm giving the information provided by the CFTC which i send an email to ask them about the issue. Maybe you can said CFTC provided me the wrong information.

You misunderstood my question & the answer provided by CFTC. Either exchanged-traded or spot forex (off exchange-traded), both brokers were under regulation of CFTC. The main point i want to tell is about the circumstances of clients' funds protection.

The difference i want to tell is broker belongs to exchange-traded the clients' funds records are keep tracking by the FCM while broker belongs to spot forex (off exchange-traded) the clients' funds records doesn't keep track by FCM.

For example: you invest in Interactive Brokers (exchange-traded), your funds are being watched by the FCM, but if you invest in FXCM (spot forex), FCM doesn't do a records on the funds you invested with FXCM, so when FXCM want to use your funds for company purposes, either FCM or you won't know FXCM do what action on your funds.

Try to check this page out http://www.cftc.gov/marketreports/financia...rfcms/index.htm simply open an excel file there, you'll find that column "Customer Amount" with no data for spot forex broker while exchange traded broker all got the records of customer funds.

If you still don't understand regarding this issue, pls read again the different between exchange-traded & spot forex that i posted on previous thread (info provided by CFTC).

This post has been edited by rstusa: Aug 26 2009, 08:49 AM