Example of EURAUD pair which if you open short on FEB 09 price 2.03 until current 1.43, you're not only earn 6000pips but also earn huge swap rates, because the short swap rates in EURAUD is given biggest profit among other pairs on certain brokers.

I agree on what his trading, support & resistance, just make it simple. My friend told me about one of his friend is doing the same thing like this, trading with saxo bank about 6 figures capital.

I heard he said lot size open is 50 lots per trade, lol, not sure is micro or standard lot, if I'm not forgotten he told me that guy open up to $8k/pip, it really ridiculous.

I set a set of SMA like that, 6 SMA, 12 SMA, 62 SMA.

Whenever the 62 SMA completed crossing the 6 SMA and 12 SMA, then I make an entry, what you think of this?

Yes, 6 SMA and 12 SMA crossed 62 SMA or 62 SMA crossed 6 SMA and 12 SMA i think same right?

IBFX

No, if your deposit done by credit card, the withdrawal must be back to credit card.

Yes, just read that news. Well, I just live chat with IBFX, for those who not comfortable in CFTC new rules such as leverage 50:1, the account can transfer to their OZ office start by next week before the 18th OCT new rule applied. Thanx for the news.

As I know if you deposit by using credit card, your funds must go back to that credit card and can't withdraw to any bank account although is under your name. The main reason i'm not so sure, you can live chat with them.

I asked IBFX before, they said not necessary must withdraw back to the initial bank account, it can withdraw to any bank account provided under the same name.

Currently offer cents/pip brokers are ibfx and gomarket.

There are 2 ways to do your deposit/withdrawal:

1) Credit card - If you deposit using credit card, then your withdrawal must go back to the credit card which the cash advance is in your credit card now.

2) Bank wire - deposit by this from your bank account, then you can withdraw back to any bank account you have.

If you're trading with high leverage such as 400:1, 500:1, i suggest you can go for brokers as below:

1) IBFX AU - 400:1, nano lot size ($0.01/pip)
2) Alpari UK - 500:1
3) Go Markets AU - 500:1, nano lot size ($0.01/pip)
4) GFT Forex UK - 400:1
5) MIG Bank SW - 500:1

For more info, please look through http://www.fxstreet.com/brokers/forex-brokers/

US forex broker (CFTC regulated) - Max leverage up to 100:1 (50:1 & 20:1 on 18th Oct 2010 onwards), no hedge, FIFO applied (CFTC rules)

UK forex broker (FSA regulated) - So far I saw up to 500:1, with hedge, no FIFO apply

AU forex broker (ASIC regulated) - So far I saw up to 500:1, with hedge, no FIFO apply

For FOREX.COM & FXCM in UK, their leverage only up to 200:1

Hope this info help you.

For the leverage high or low, I suggest you to practice on demo account before you choose which leverage really suitable to you. For me, high leverage doesn't mean high risk, just depends on how you use it.

Regarding the brokers got difficulties to withdraw the money, may i know which broker you friend refer to?

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Added on September 2, 2010, 10:06 pmYou can't transfer your floating trades to AU, because is different account, they can't do that for you. You're totally opening a new account in AU and there is nothing related to US account, they just save up your time no need submit or key in your profile again.

This post has been edited by rstusa: Sep 2 2010, 10:06 PM

You only can transfer your US funds which is free margin available, not calculate your 100% balance if you got negative floating trades.

Yes, by TT. I think over RM50k you have to declare, else just do as normal.

Maybe he is refering to the FXCM own platform.

I think same, coz under CFTC too.

You can do that for small amount only, for huge amount is totally not worth to do so.

As I know the broker won't let us open the swap free account, the only exception you provided a religious reason.

Yes, is IBFX.

I still need 3 yrs time.