im trading real acc.

BUT only after 3 years of constant reading. demo acc. and etc ect.

its hardwork and NOT a game.

some newbie out there thinks that forex trading is as easy is deposit. look at the chart and boom.. big buck.

there are many parameters involve. main issue is psychological one and money management. all of the system provided is 95% good already. u just need to implement it according to ur trading characteristic and always come up with a proper money management.

i use my own business plan. read it. follow it and digest it.

if you want to go to the seminar... this is the criteria you should ask the speaker before you go.. is he a fulltime trader, if so is he making money?.. you dont want a fx loser to teach you make money dont ya... if he is willing to teach for your money then he is willing to let you see his live account since he first started until current.. track record.. how many ex student of his made money.. plus if he conduct seminar with live feed of price to proof his method and not just historical data where you already know whats the 4D number thats already out.. and can he give you money back policy if you dont make money with his method.. if the picture not fit.. dont bother..
holy grail? maybe.. but if you think properly.. these are simple question.. if you ready to take other ppls money you gotta be ready with proof..

This post has been edited by Sham903n: Mar 17 2010, 01:22 PM

i know but BNM doesn't allow me to tell

My friend asked me about MT4 platform with 1:400 or 500 leverage that offers micro lot trading. Preferably non-dealing desk.

Anyone would like to recommend? I am unsure about MT4 broker.

fxopen?

---

Added on March 17, 2010, 2:34 amFED is keeping their rates.

This post has been edited by victor131490: Mar 17 2010, 02:34 AM

I agree 101%. Forex guru/expert who know 888 charting techniques, know the theory and use all the listed indicator in MT4, appear in cnbc/bloomberg talking about supply demand and economic news doesn't guarantee he is a forex winner, and most of them didn't even trade at all or using demo account and historical data. In fact they are still the 95% losers.

---

Added on March 17, 2010, 8:39 amDear Valued Customer,

The off-exchange Retail Foreign Currency Market (FOREX) market community has seen an outpouring of support in opposition to the 10:1 leverage limitations—with over 7,000 public comments submitted to the CFTC.

In fact, several lawmakers have raised concerns about the negative impact this would have for the U.S. retail Forex market:

House Lawmakers Concerned On CFTC Retail Forex Leverage Proposal

Senator Orrin Hatch Letter to Chairman Gensler

As we’ve stated before, we stand behind the belief that you, our customers, should be given the freedom and right to choose the amount of leverage that is appropriate for your individual desired risk. This basic principle of 'choice' is in jeopardy by the proposed CFTC regulations.

To offer a bit of background, the CFTC was created in 1974 with a mandate that would prohibit the CFTC from creating any anti competitive rules and regulations in regards to its members. As we can see, 10:1 leverage would do just that.

This change would create an anti-competitive environment for Forex brokers in regards to competition with banks not regulated by the CFTC. In addition, 10:1 leverage would also allow the entire United States Forex community to be uncompetitive with global competitors.

Interbank FX supports 99.9% of the proposed CFTC rules, excluding the leverage requirements. In addition, we support the original Farm Bill in 2008 that allowed the CFTC more authority over FX dealers. Since 2008, Interbank FX has required all money managers and all solicitors to be registered with the NFA—instilling a safe and well regulated trading environment

Please make your voice heard—there is still time for you to help determine the outcome. Public comments will be accepted until March 22, 2010. You can submit your comments directly to the CFTC at: secretary@cftc.gov.

Please include 'Regulation of Retail Forex' in the subject line of your message and the following identification number in the body of the message: RIN 3038-AC61.

As always, we want the best for our traders. We hope you’ll join forces with us to prohibit the proposed leverage requirements.

This post has been edited by bulkbiz: Mar 17 2010, 08:39 AM

Guys, from what i see on the first page of this thread, instaforex and fxopen are recommended MT trade plateform. So can anyone telling me which platform is better in terms of cash in/cash out, low spread [micro account], reliable? Thank you.

I heard a lot of rumours about FXopen and instaforex, they don't allow the traders to withdraw when he profit a lot. I personally use IBFX.

Tat is what i found from GOOGLE~ Will check with IBFX. Thank you for the infor~ Btw; how do this IBFX does Depo/Withdraw? Local Bank?

This post has been edited by spawnster83: Mar 17 2010, 09:58 AM

All local deposit by local agent is illegal my friend, I am using TT transfer to IBFX bank account directly, will charge you around usd20-usd25 if I am not mistaken, which means if you deposit 1k, maybe in your new account you will get 980usd only. I suggest you have a live chat with the IBFX agent, they are very friendly.

Thank you my friend. Will do as suggested~

Lol! No worry, i'm not trying to sell bot/EA here, i'm just telling only

By the way, money earn from forex tax-able?

This post has been edited by bL4cK_73dDy: Mar 17 2010, 11:14 AM

Im looking for a timer[the one tat will show how long more till the time of chart end] to use at MT4. Any recommendation?

Google 'b-clock'. I think that's what you are looking for. I used it before

Thanks bro~

Anyone used FXDD and Alpari UK?

Do u have problem on withdrawals?

A fren of mine told me he has problem with withdrawals from fxdd. almost a month!!

I never withdraw any, as i havent recovered my losses. Hopefully got profit by end of the year and can start withdrawing.

FXDD... hm... Thanks for the information~

Did he show you his entire conversation with fxdd about his withdrawal problems or did you just believe what he said? Never had any issue with fxdd. Those with issues are usually those who initially funded with credit cards and paypal accounts and now have to withdraw through those accounts. No problems when you fund with a bank account and withdraw back to the bank account.

Same thing like those who claim that fxopen don't allow them to withdraw. Yeah.. most of those complains were back in 2007 when fxopen first started. Haven't heard about any complains from them in a long time. Heck, they even sponsored my car and 150 others for the Japanese GT in June last year and all we had to do was stick their sticker on our cars and park in the central display area.. psss.. don't tell my broker. Image courtesy of my friends blog who was also the photographer for the event.

So are they any good now? Well, they have a huge following in Malaysia and even dedicated a domain (www.fxmalay.com) and a very active forum. Go and ask around in that forum to get a better answer.



This post has been edited by sleepwalker: Mar 17 2010, 12:08 PM

No problems here... ask your friend to chat with their customer service.

Thanks for the feedback.

Nope, i didn't really do a due diligence on his claims. I also advise him to email the customer service. Din follow-up since then.

Yeah i saw a lot of fxopen advert on the street.

I was even surprised that they dare to advertised actively, even after BNm issued the circular on illegal trading.