Hi,

can try www.easy-forex.com

No deposits or withdrawal fees.

easy to understand platform.

been trying their demo for 4 months,easy to use n learn.


try it...


for newbies who dont know nuts about forex..please please please go to www.babypips.com

they will teach all the A,B,C'S...of forex...

This post has been edited by penanghomes: Jul 13 2009, 11:35 PM

Old V5
http://forum.lowyat.net/topic/880976/+2520

thanks for pin

yay! new version 6

---

Added on July 13, 2009, 6:19 pmok will play wif it..

This post has been edited by evoangel: Jul 13 2009, 06:19 PM

Ok, I will try it also.... thanks

i think all broker does not have deposit/withdraw fee. (except bank charges)

@penanghomes
please edit your 1st post to include guidance for new traders. Put www.babypips.com in ur post to allow new traders to know where to go to for forex education

---

Added on July 13, 2009, 8:09 pmOanda has no withdrawal fee. Charges is on the banks part only

This post has been edited by kelvin_tan: Jul 13 2009, 08:09 PM

entry on Stoch...not candlestick...haiz..feel like gamble...

---

Added on July 13, 2009, 9:55 pmclosed already..see 1H chart, stoch OB...

This post has been edited by normeck: Jul 13 2009, 09:55 PM


Attached thumbnail(s)

The ranging made me hit SL today. Guess it was too small. As for GU, I'm still holding..

waiting to short GU..

This post has been edited by 瘟神: Jul 14 2009, 09:42 AM


Attached thumbnail(s)

set pending order for NZDUSD


Attached thumbnail(s)

After long GU, I think it's about time it drops too



This post has been edited by Vaseline1: Jul 14 2009, 10:27 AM

too bad u r too far for me.. =)

haha.. obviously youre not serious. few years ago, when i started forex, i went everywhere/attend many seminar/west malaysia to really learn trading fx.

well there's still many seminars in kl... and even went singapore for seminars.

actually theres a big disadvantage with seminar, usually after the seminar the 'teacher' will just left all the students behind and 'run away' to somewhere else to teach/repeat the same thing. of coz theres nothing wrong with these, but if students want to get back to their teacher would be nowhere available. (if you think gonna become rich by attending 1 - 2 days seminar, think again! nobody needs to work anymore after this!)

this is something i dont like and prefer students to have long term relationship and support whenever they need. thats why we had office and classes only at 1 fixed location at the moment unfortunately. Cheers

i have been searching for an 'intermediate' or 'expert' seminar but couldn't find one ... those 'intro' ones always teach 50% of the uncles how to use mouse and type in keyboard ....

one time the guru told me if I want, I can learn all in 30 minutes instead of following the 5 days courses, he said he doesn't need 5 days to teach, but the students want to have 5 days before paying the course fee ... as in paying for the quantity (number of days) and not the quality ( the actual knowledge)

KL got private small gang, study group, invest group on forex or not ? like

hi i am also looking for a small group tutor. Maybe a one or two days course. I am really new in this. So maybe if we can gather a few forumers together we can start our own group.

somehow I wonder why I didn't participate in this topic more than I should .... I have written step by step forex before with a twist that MOST ppl don't tell .... in step 4

"you must learn Expert Advisor in forex trading, else you REALLY don't know what the hell you are doing even if you do ..."


full info here at http://malaysiapersonalfinance.blogspot.co...ust-use-ea.html


the steps

1. download FREE forex trading software from MetaTrader4

2. Get the demo account for FREE and then learn to buy, sell, long, short using the trading platform. Make as many buy sell transactions as you can and observe why the result is different than you would expect.

3. Understand price gap which is Different in each currency pair. You should eventually find out that there are only 3-6 currency pairs that you should trade in because they have the smallest price gap. This price gap is dynamic and it is possible that the gap changes right at the moment you execute a transaction, although not often.

4. Understand Expert Advisor feature in the software, you should learn (a) how to use it and how to (b)implement your own trading strategy.

5. Use real money ONLY after you have found an investment strategy that is proven can bring you return more than 60% of the time.

6. Apply money management, risk reward ratio, win lost ratio etc.

This post has been edited by mtsen: Jul 14 2009, 04:38 PM

Hi, I will trade tonight during market overlap...see got any nice setup...see ya

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


Attached thumbnail(s)

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


Attached thumbnail(s)

EU 15July09


Attached thumbnail(s)

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.




Attached thumbnail(s)

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


Attached thumbnail(s)

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.

Thanks. pijo and rtusa

This post has been edited by sochaiapk: Jul 16 2009, 07:31 PM

The FOREX trading chart is like roller coaster.....

Hi,
anyone with FXCM trading account have this problem,

I am depositing using RHB debit card with FXCM UK after the change but it is been decline but previously can.
Check with RHB bank, they mention the webpage is different from the one i use before.

anyone face this same problem or is there any other debit card that will allow this kind of txn to recommend?

thanks

what webpage you mean?

i am not sure what the bank person means but i have to agree that there is changes
the webpage i guess is when u put in the info abt the debit card, amt and etc....
after the transfer from US to UK there is definitely some changes to the page.

do you encounter the same problem?

if previously you're using fxcm.com to make credit card payment and now you use fxcm.co.uk to make, then will be 2 different company. Make sure you change the website info to inform RHB.

I assume your one is a FXCM micro account and you have choosen to switch your acccount to FXCM UK to overcome the new NFA ruling on hedging and SL issue.
Last time you use www.mymicrolot.com to fund your account but after the switch to FXCM UK, you will no longer be able to access mymicrolot but instead you have to go to www.myfxcm.com to fund your account. I think that is the webpage change that your RHB bank was talking about.

it still wont work because according to RHB, FXCM is not the approve merchant. so it means cannot use RHB anymore? when i ask why previously can she say the remarks on the webpage is different now, n she cannot provide me with a solution.

anyone with FXCM, how do you deposit money? anyone can help?

---

Added on July 17, 2009, 12:01 pmyes u understand it perfectly and that was what i was trying.
the things is when i put in www.myfxcm.com it shows US address at the bottom
but once i log in it shows UK address at the bottom. am still is

This post has been edited by cyjh: Jul 17 2009, 12:01 PM

Your debit card is Visa Electron or Mastercard? They accept Visa , Mastercard and Electron only.
There is no reason for the bank to decline the payment because you can make payment to any website that accept debit card. You can email the FXCM customer service and asked them is the transaction declined by them(FXCM) or the bank. If they say is the bank then you go shoot the bank because you can make payment to anyone you like.

debit card is master, already sent email to FXCM still no reply yet.
no one face same problem as me?

shoot the bank, nice but shoot the bank or the person this is always the problem with support ppl always not looking to help but only say this n tat problem hoping it will go away

Why don't you try Telegraphic Transfer? It is a very easy funding method without providing the details of website verification.

Have you tried cards other then th RHB one?

no, am not going to use credit card to fund this for sure. i apply this debit card solely for this purpose n its not working now
its have been working fine all this while except for now even withdrawals were ok.
how abt u, how do you fund ur acct?

---

Added on July 17, 2009, 1:03 pm TT got charges n i am not going to deposit so much at once b'coz im still learning.

This post has been edited by cyjh: Jul 17 2009, 01:03 PM

I used CC to deposit a few times for thethe past few months. But haven't done it so far after theswitch to FXCM UK.
Never done any withdrawal before coz have been losing all this while.

How long does it normally take for withdrawal to go into your account and what is the bank charges?

for withdrawals surprinsingly is fast the last one i got it in 3working days. bank charges is high USD25 per withdrawal.
good luck in ur next trade wish u hv a withdrawal soon.

Forex Return on Investment pool

http://forum.lowyat.net/topic/1099751

This post has been edited by gslearning: Jul 17 2009, 03:58 PM

For the pool you created, i think you should add the word CONSISTENTLY monthly profit, if ppl earn 20% for this month but not earning any percentage for next month, that's not consider consistently profit. To avoid & looking for true result, i suggest you add this word in it.

alright thanks

I used to think USD25 withdrawal fee's is high when I first wanted to join fx. However after having been successful in trading fx i treated the USD25 as negligable cost as there are always fee's in this kind of things. If you are successful in trading fx the USD25 is peanut. I'm not talking bout starting with big capital and therefore my earnings are big. I started with a capital many would feel is too little to start trading fx. Just dun start with USD20 and expect it to be USD1k within a short time frame and your set to go. Through time you will notice the USD25 as a negligable cost.

Tat is what I think my frenz. When you're able to make money, USD25 wont bother you at all.

Yes, agree for that.

This post has been edited by rstusa: Jul 17 2009, 06:09 PM

USD25 is peanut money in fx.. depending on how large u play.. it could be gone in 1 trade or even 10 minutes.

H1 +ve then H4 doji


Attached thumbnail(s)

hi all can try with ikofx broker with meta4

http://ikofx.com/?affref=20882513

Forex Return on Investment pool

http://forum.lowyat.net/topic/1099751

gslearning could u please stop spamming with the same topic? Y r u so interested to know how much ppl make from fx? Does that help you? does it help us?

Yes, one post is enough, don't repeat the same thing.

the latecomers wont see the pool, just bump it up so for those havent vote can do so.

---

Added on July 18, 2009, 1:44 pmjust want to know how many people actually thinks about forex & its return..

This post has been edited by gslearning: Jul 18 2009, 01:44 PM

Reference : http://www.telegraph.co.uk/finance/persona...0-in-a-day.html


Attached thumbnail(s)

This isn't like Garage Sales sub forum where a bump is really needed. Repeating it here, in this particular sub forum may be considered as spamming.

maybe u could make a sig link to dat topic lor... like dat can prevent spams..
just my 2 cents..

CIT on the verge of bankruptcy

CIT may need as much as $6 billion to avoid filing for bankruptcy protection after the U.S. wouldn’t give the firm a second bailout, according to CreditSights Inc. A failure of CIT, which has almost $76 billion in assets, would be the biggest bank collapse by that measure since regulators seized Washington Mutual Inc. in September.

May present a good opportunity to short Euro. Jz my 2 cents~

What's the purpose of finding how much does one earn in LOWYAT forum? The real players are in investment banks PLAYING with big money. Do you think there are big ballers earning BIG TIME money would come by here and talk to you about how much they earn? Please if you want to show off, gather a group of noobs in KL and tell them how much you earn. Seriously dude, you are starting to piss alot of people off because it doesn't make any sense repeating yourself. IF you're damn good, sooner or later people will seek your help. There's no need to post YOUR earnings because no one is going to trust you THAT easily over the internet.

Please don't be another annoying TXI, I welcome your presence here, but keep things to fundamental and technical.

---

Added on July 20, 2009, 1:25 amThere's no advantage to shorting especially if the government provides ample liqudity to banks. The yield curve is steep enough for banks to make money and avoid another major write down. Beware of the CIT news, it might be a good opportunity for shorting but remember, your enemy here is the treasury itself. At anytime the treasury can agree to bail CIT out, thus fueling more bullish momentum.

This post has been edited by AdamG1981: Jul 20 2009, 01:25 AM

I only provide solution for those want to be successful in this field. and typical technical analysis i dont teach, most of the pro would know the reason.

The fundamental of technical is gambling
http://malaysiapersonalfinance.blogspot.co...ble-to-win.html

And the goal is to keep the winning ratio as close to 50% as possible while trading full time ...

Typical technical analysis? Alright.

Markets constantly evolved and pros constantly backtest their technical strategies and abilities. So how does that make it a TYPICAL technical analysis? There's no simple solution in the market. If there was, you wont have people coming to your courses because everyone would have figured out the solution and get rich by investing themselves!

This post has been edited by AdamG1981: Jul 20 2009, 04:41 PM

+pips again today.. everything else doesnt matter.

Nothing matter to you, but not to me. Juz try be serious k? We are talking serious here bro.

....... bickering again over the same guy..

When it comes to money, it is serious

I dont know if everyone see's it this way. gslearning in my opinion comes to this topic not to share/provide info on fx trading but more towards comparing how much other ppl earn, showing off how much he earn, and then promote his forex seminar here. In a way it pisses ppl off. U have a large account gslearning which is why many of the people earnings here cant compare with yours. But if we are counting ROI, u be last in the list.

http://forum.lowyat.net/index.php?showtopi...post&p=27357440

agreed

Credibility is earned through respect. You informing us that you have +ve pips do not even matter. Considering you have 9000 usd, if you are that good, you should have tripled your account already. Coming in here and asking us how much is our earnings a month is not useful to anyone here.

If you think you are better than anyone here, please provide strategies and insights , back it up with evidence and we shall judge the outcome.

Simple.

Forex income, it's not taxable right no matter how much you earn. Only that when you transfer the money to your bank, if it exceed certain amount, you might have to declare it. That's all. Can someone confirm this?

*removed

This post has been edited by gslearning: Jul 21 2009, 12:38 PM

Different group of people may means different things,

For Malaysian, I would think of Moving Average, MACD, RSI, Stoichastic ...

typical enuf ?

the fundamental of technical analysis is that some methods will apply in some situations, NO single method can cater for ALL situation.

Correct, no single strategy or method applies in the FX market. If one can predict what ben would say later on today, he or she can make huge bucks.

"What you perceived as reality might be an illusion for others" That's why we have winners and losers.

This post has been edited by AdamG1981: Jul 21 2009, 12:30 PM

If he can provide his strategies & insights here, then he no need to advertise his course learning at the beginning.

true true, is illusion the winner or reality the loser ?

no need to believe, but have to come here and see if my account history did make the profit trade or not. cheers

Waiting for Big Ben tonight

haha jurne trading the news? I am so defensive at the moment. I keep missing optimum entries due to me either hesitating because fundamentals clashing or technicals clashing.

Kelvin. ya, i may trade it. Asian Central Bank, Russian and Eastern European Central Bank are bidding the Euro up.

Well things can change during Mr Ben's statement.

go to www.ransquawk.com for free live forex news. Cheers

---

Added on July 21, 2009, 8:46 pmFresh session and intraday highs at 1.4243 hit, with offers into the 1.4250 peak from yesterday back in focus. Also worth noting the intraday option expiries at the price so as a result look for a snap above the 50 level to generate fresh follow through. 1.4375/80 and 1.4300 then come into view with options also touted up at the figure.

This post has been edited by jurne: Jul 21 2009, 08:46 PM

Oh yea Ben showed his poker face. GG !!

*removed

This post has been edited by ChingChong: Jul 21 2009, 11:12 PM