not possible. world currency is like telling USA and Russia + Europeon Union + China + japan to combine into 1 single country. The posiblity of Human staying in Mars is much higher than this one.

if i look from a diff point of view. One would only just doing the regular Tele transfer in and out from the country. Any activities we do outside the countries is not covered by Malaysian law.

It is just like I am buying a big TV satellite dish outside Malaysia using internet but didnt send back home. (Big satellite dish is illegal in Malaysia without license)


I hope this clear u guys enough.

Like wise, those who are worried soo much, they can choose not to trade at all.

IMO, worrying about how to avoid losing in this market is more important than this thing, i find it pointless to continue this part topic

If u are in the wrong side u are toast LOL. Dont toy with NFP

When u trade u have 2 SL on each trade, 2 TP on each trade too.

the reason being having this is 1 SL is set to where that is the maximum amount you willing to loss no matter what. Another is in ur mind, if u know u are in the wrong trade, why bother waiting it to hit ur SL instead of taking it out early? The thing is ur SL is in ur mind.

the one Set on the client is for unexpected events like a Sharp drop 20-100pips or TMnet cut off, or PC crash or power outrage. I wouldnt want to imaging that without SL and I know I am wrong about the market, the market turn against me and then the unexpected event happen just 1-2 sec b4 I can close my position.

It is the same for TP. U cant profit without a TP point. watching the market give u 150pips and then come back down to hit ur SL when ur Tmnet is cutting u off. I would rather set something TP realisticly like 50pips to get something and move it bit by bit if the market keep pushing myway.

Actually I am just further elaborate what you said. Market maker or ECN is just a different method of broker charging.

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I cant see a reason why people bothering broker trying to hit their SL. I doubt any broker manage to move the market. It is a myth! Name me one major broker that their price feed is >10pips off the actually market price... if a broker is trying to take a trader out from hitting their SL, their price feed should be really off the actual market price.

Just my 2 cents

This post has been edited by billytong: Jan 13 2010, 10:55 AM

not really back.... I am still having pro-longed flu since Dec 31...Today it get worst that I cant even focus my mind.... yawns....

you know because of that FIFO thing from last year regulation, I had move my Acc from US to UK. Not the mention Uk regulation are much stricter than the US one.

The US Gov is just making sure every major country that is not USA richer.

In general I think so. I have not read in depth about it. But just looking at the surface alone I can see there is a lot better than what US ones now.

take an example that Uk requires client fund ACC to be segregated, so in the event the broker get into debt issue. Their liability cannot touch Client's fund. *it is more or less something like that as I only read the surface.

To make it even worst, FIFO = means no SL, and then hedging is not allowed in FX for US. I cant see a reason why I shouldnt move away from US. No SL are you kidding me!? With our not so reliable internet line/power line I cant seem to imaging trading without SL. It is a suicide!

No hedging is also one of the major disadvantages for some trading tactics that some user used.

with all that, u tell me how does US be any better than UK?

This post has been edited by billytong: Jan 17 2010, 08:14 PM

I just transferred 10K Euro(~RM48-49K) from fxcm. So far no issue from BNM yet.

to further add on that, Leverage does not matter anyway.

a trader "real leverage" is more like total margin used * leverage.

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

If everything goes as planned from the long term point of view, then it will be rather easy to forcast the fundamentals study. But however, things are not the same in the real world.

1. A politician talking non-sense, implement things, or any actions that doesnt make sense from the economic point of view can make fundamental prediction very hard.
2. A random event from real world can move the market too, things such as natural disaster, a country disaster etc.


The best easiest way is to look at real time and see how the market digest the news/politician speech, then from there u will be a clear direction even without any technical study.


Technical study is to dig what most & majority of trader think.
Fundamental study is to study what likely that these event will shift the majority trader's perception. In this case u look again into technical.

So if u have a trading plan ahead, u have to change ur goal according to the event that has happened.

Yeah looking at the fundamental behind the dollar, they are no where better than Euro. You just need people to forget the Greece issue and refocus back to USA. But I am not talking about 1.3800 they will be stopping there. One just need this trend to run dry then the next one run opposite direction, it all depends on the fundamental events that noone can predict when it is going to happen.

This post has been edited by billytong: Jan 28 2010, 03:23 PM

or we have to reduce our pip/cost sooo much that one will need huge amount of money in an acc to make a living. In the end, only the rich can earn more.

Leverage isnt really an issue. I can trade with 1:700 leverage if I want, it is the number of pips it takes to get a person margin call matters and it also depends on how much the person is risking and where he place his SL.

This post has been edited by billytong: Jan 29 2010, 08:51 AM

I did not say anything about trade with IG market hehe . No i did not trade with a small broker, nor 1:700. It is just a mere example only.


For those who think leverage is risk. Let take an example.

2 Accounts,

Account A leverage 1:100, Account B leverage 1:200. Both have 1000USD.
Both open a trade position with no SL. The trade size is 1 lot (at this case, 1USD/pip.)

Who will get margin call first?

This post has been edited by billytong: Jan 30 2010, 09:18 AM

Which is exactly what I am trying to tell those who use leverage to measure his risk by giving a mere simple example. I guess u had explained the whole thing

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The only thing I can relate leverage to risk is = Higher leverage lead people think they got more room to open more trades. If any traders here are in this group, you better restudy your understanding about risk management.

This post has been edited by billytong: Jan 31 2010, 11:36 AM

Let me put leverage in a point form so those who still confuse can understand better. The diff between diff leverage from a trader point of view is...

1. Trader have the freedom to risk more in higher leverage. For example if there is a very very clear trend. it is absolutely nicer to risk more to gain more.
2. Higher Leverage allow to use of less margin if the open trade size that is same size, in other words the trader use less money to earn the same amount money = better ROI.
3. Lower leverage just making sure you loose less money if u ever get margin call. from the previous example, if both Acc A and B is margin called, Acc A have 100USD left, Acc B has 50 USD left. This is one of the few disadvantages of higher leverage, a trder lose more money when they margin call. (IMO if u start accepting the idea of margin call on your acc, you shouldnt be trading forex at all)


At last, The real risk is your % of margin used multiply by leverage.

/Selfish mode on

Exactly,especially it is not profitable to wasting time bothering teaching someone holding their hands to success. And I certainly do not want/like 70-80% of my forum PM inbox filled with forex questions.

more like watching the paint dry.... and clawling up the hill....