Actually the hard part is not the trading. The hard part is the waiting. If your hands itchy liao, you're going to lose a lot

What's illogical is that if his claims are true, someone in his 20s with 500K would have more money than is in circulation in the world by the time he's 60 and that's only one person.

This post has been edited by wodenus: Sep 24 2009, 10:43 AM

Hopefully not




This post has been edited by wodenus: Oct 23 2009, 08:39 PM

Also, wtf is "liquidity connection" ? they don't seem very well-established to me.

The less money you have, the higher the risk is. It's probably a lot more risky to make any significant amount of money with USD50 than it is with USD50,000 (for instance)

This post has been edited by wodenus: Nov 28 2009, 12:33 PM

The Cyprus Securities and Exchange Commission (‘the Commission’), in continuance with its announcement dated 17 June 2009, wishes to announce the following:

Persons that conduct foreign exchange trading transactions, which do not aim to the physical delivery of the agreed foreign exchange or are not materially settled in cash, should, within one month from the date of the present announcement:


1. submit an application to the Commission for the granting of a Cyprus Investment Firm authorisation, or

2. cease to provide the above service.

The Commission, upon the lapse of the one month notice, intends to take measures against the persons that did not comply with the above as they will be in violation with the provisions of section 4 of the Investment Services and Activities and Regulated Markets Law.


From :

http://docs.google.com/viewer?a=v&q=cache:...mXi-We24ist6AKA


TL;DR version : if your forex broker is established in Cyprus (FXOpen, Broco etc.) they will now have to apply for a license. If it's not granted they will have to shut down or move elsewhere.

This post has been edited by wodenus: Dec 7 2009, 08:40 PM

You are lucky.. for some people here, when they were 16, personal computers didn't exist yet

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Added on December 17, 2009, 2:36 pmIncredible is that a live account? how much is that in RM?

This post has been edited by wodenus: Dec 17 2009, 02:40 PM

The rollover cost won't kill your profit?

If you try to transfer a billion (for instance) into a local account, and you are not already well-known, all sorts of alarm bells would go off. Then you will have to explain how you got the money. Then they will know. Forex companies have to disclose their records to their home governments, so they will know too.


This post has been edited by wodenus: Feb 11 2010, 02:56 PM