Hi,
I have the same way of thinking creating account in AUS rather than USD but most of the time I am playing with EURUSD pair.

Does it affect the conversion each time placing trace on EURUSD...

I am very new to forex. ....

My Oanda primary account is in USD. How do you change from USD to AUD/SGD? Do you open a secondary account? Or do ya need to switch to Oanda Asia Pacific?

Use secondary Acc Oanda USA. I have 3 Accs type, USD, EUR, AUD now. If AUD turn into long term bearish, I will switch back to EUR/USD in instantly. But I will be harder to switch back because the interest rate every day from AUD is too hard to resist lol. Higher than any FD in Malaysia.

Thanks so much for this. I dont want to hold USD..too risky at this moment with all the QE and POMO going on.

was thinking of having Pound Sterling acct (Alpari-uk), usd down.. Pound up..

Dont have to go that far.. i read back in April MYR is the second best performer against USD. We have some political issues, but which country dont? Our economy is 55% service sector while the rest is largely diversified in commodities like palm oil, rubber and gas..low unemployment and higher than average savings. We wont have ageing population or gender problem like what China, Singapore and Japan is facing. SGD is a good option too, the merger of its stock market with Australians stock market is good buy signal.. plus it boast the fastest rate of millionaires per household. Guess who is second?



http://www.straitstimes.com/BreakingNews/S...ory_539313.html

This post has been edited by myvi5949: Oct 28 2010, 11:35 AM

Malaysia is really damn real fast? I guess some of them grew from forex trading, lol..

This post has been edited by rstusa: Oct 28 2010, 12:21 PM

That's a good news for Malaysia ..... I loike ...

You should have done that long time ago when the pricing of USD is much higher. But yeah nobody can predict anything accurately. Tough luck for you.

Just for further add, switching currency in Oanda only cost the spread which is extremely cheap!

Bro, why do you prefer instaforex? Which part of them gave u the confidence? They are from Russia and NOT regulated leh.. check this >> http://www.forexbrokerguide.com/?limit=15&order=featured

Thanks to NFA for protecting retail traders, beware of this two brokers(GAIN CAPITAL and IKON), scalper and day trader beware:

http://www.nfa.futures.org/news/newsRel.asp?ArticleID=3676

http://www.nfa.futures.org/news/newsRel.asp?ArticleID=3679

Don't even bother with non-regulated russian brokers. Yes they have local deposits and withdrawal etc. What about legality? Go with reputable and regulated brokers such as FXCM, Oanda and such. Will save you a lot of headache.

After you given advice about this but still many ppl will go for unregulated brokers.

Regulated by http://www.raufr.org/

My personal experience with this broker ... things like slippage very seldom happen. More importantly, I'm profitable on their platform.
Withdrawal is fast ... technical support is fast ... good response to any enquiries. They have local office in KLCC should you need to see them.
Sometimes I think the technical support personnel are brutally honest. Hahah .. something that you dont find very often nowadays ...

Just use whatever broker that you are comfortable with.

This post has been edited by luqmanz: Oct 30 2010, 04:59 PM

unregulated broker FTW...
oh yeah.. becareful.. if you win millions in weeks.. russian mob will go to your house and shot you in the b@tt =talking cr@p
if I personally have any bad experience.. I will post it here.. but so far non.. and its been a year..

This post has been edited by Sham903n: Oct 30 2010, 04:58 PM

Hallo fellow brother .. how are you doing ... ?

so far so good..
no russi@n mob yet stealing my ca$h

This post has been edited by Sham903n: Oct 30 2010, 05:01 PM

yeah, when its not raining, the broli seller will have no biz.... but when it rains, he sells it at 50% extra also ppl will buy.... lol

bro, dont play with fire, u're enjoying it coz nothing happens to the company now. Why do you want to drive a Proton when you can afford a Ferrari??

Let me refer u to open with FXCM... both of us will get USD200 bonus EACH FXCM is 1 of the largest broker in the world. Regulated by NFA and registered in both USA and UK .... why settle for Russian and unregulated broker? Just for that 1 pip diff?? alamak, 5 seconds trading will earn back few pips lor.... come la, i welcome you

FXCM already helped me 50% for my journey to be a millionaire

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Added on October 30, 2010, 11:19 pmGood sharing bro ..

This post has been edited by nemoexcel: Oct 30 2010, 11:19 PM

I assume you have developed a good set of trading skills that you dont really need that USD200 ...
Or maybe you are talking about becoming a millionaire as a broker ?

no la bro, USD200 is nothing to forex traders like you and me, ngam? Its more of the semangat ke-forex-tradingan that I am concerning about... if u dont like FXCM (which i can already tell ) , then open with some others that u like... at least regulated with NFA lor ... bulkbiz's sharing on the NFA audit findings with Gain capital & IKON shld keep you (and others) consider even more .... read thru the audit .... its damn scary ... THANKS to NFA,,, at least i have 1 thing less to worry

bro, no hard feelings.... i dont gain by talking nonsence here .... its for the benefit of everyone

add on : oh yah, talking about being a broker, how do you know that? Any of your friends use my service ah? Ya, i help my clients open FXCM account. I hold the trading password while they hold the reporting ID/pwd (to monitor my trading). Zero commission/service charge..... only profit sharing .. but i accept only those who can spare USD20K.... smaller amount are too risky

This post has been edited by nemoexcel: Oct 31 2010, 12:30 AM