its 1st time he try to fund fx account.

he called maybank and they said its cash advance fee.. so total amount transferred x 5% 

i did asked why theres cash advance fee and the telephone operator told me its like withdrawing cash using your credit card via atm machine, but its me teach him how to fund fx account over internet 

no call, my client register the credit card for online use then try to deposit. he did get charged for 5% cash advance fee of the total transaction, its weird if you didnt have such charges.. but gah.. nevermind..

but sleepwalker is right thou

http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

theres the link, if my clients didnt register cant go through online deposit. same thing as maybank phone operator told him..

so you guys deposit using credit card and no need VISA password?

BNM says that Residents of Malaysia trading in FOREX is illegal.

The law states that only Financial Institutions in Malaysia are allowed to trade in FOREX

Participation in such an illegal scheme is an offence under the Exchange Control Act 1953 and on conviction , is liable to a fine not exceeding RM1 million or to imprisonment for a term not exceeding five years or to both

market makers like FXDD always do that, their system can view where you put your SL, or overall SL price, they will try to spike the price.

That is why I trade daily chart, trying to ignore the intraday volatility, because the price will eventually back to the real price quotes from real exchange by end of the day.

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.

Going popular to search the books now ,:wave; not buying it

Looks like there are quite a number of newbies coming into the forum. Now that all the Forex training has stopped (or at least no more public advertisements), newbies have to depend on the internet or books or their friends. Apart from those Forex web-sites already mentioned, they can also refer to my Forex Blog; but can ignore all the posts about the local training/seminar since they have now all disappeared. It will not help you make money from Forex but at least it will give you a better understanding, hopefully. On my Metatrader4 Blog, newbies can learn the basic usage of this platform. Hope this is of some help to the newbies out there. For the sifus, just ignore this post. Good luck to all.