yeah ..waiting for NFP storm ...

konklusi : better not trade during NFP ..or close your shop today .

I think got 2 here in this forum.

20 bucks also a lot? Kidding me meh

TT money back maximum can cost up to USD70 if both broker & intermediary bank charge you.

if u want Hedging, go ibfx, fxcm

IBFX can do hedging for intraday only. FIFO totally allowed in IBFX.

IBFX is obtaining ASIC license in Australia, once had done, you're allow to do hedging there.

All NFA regulated brokers are not allow to hedge.

The currently best & flexible brokers with leverage up to 1:500 and provide nano lot size that I found:
1) Alpari UK: http://www.alpari.co.uk/ (FSA regulated)
2) GoMarkets: http://www.gomarketsaus.com/ (ASIC regulated)

Who used a live account with Alpari UK b4? Manage to withdraw money? Any issue with this broker?

so wut i did was, i study the market and tried this, i trick my mind and play the other way around "reverse psychology". I enter a very small trade with a TP 1st, lets say i can play USD2 per pips max. So i enter a very small trade like USD0.50 cents, if the trade goes my way, i harvest that 0.50 trade. If it goes other way round, i lose to around 50-100 pips, but when it reaches or reverse on my fibonacci, i enter another trade with a bigger value lets say USD1.50 per pips.

So others i dun have to explain anymore, its just pipastic ^^

Anyone likes Martingle method here?

What is FOREX???

Can anybody teach me how to identify the resistance and support line?as of i know there are 2 method which are the pivot line and fibonacci retracement..

hello all..

I am really interested about Forex investment. But I am still a bit blur on what should I do because some of the terms stated in the sites are quite confusing and hard to understand.. can anyone help me out?

same thing to me also, i call it begineer's luck.

i opened a USD1000 account last time, turn it to 2000 after 1 month, then lost it all, huhuhu

for scalpers..timetobuy EU..i think ..

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.

Latest forex rules to ease trade transactions
By YAP LENG KUEN
lengkuen@thestar.com.my

Bank Negara’s move does not mean ringgit has been internationalised

PETALING JAYA: Bank Negara’s latest liberalisation of foreign exchange (forex) rules is aimed at helping to ease trade transactions and does not mean that the ringgit has been internationalised.

“There have been many enquiries on this but it is more of a step to allow for ease of trade transactions,” said a source. “The ringgit is still not available outside of Malaysia.”

The Royal Bank of Scotland (RBS) said Bank Negara’s revamp of its forex controls was a liberalisation of forex, not capital controls.

“Therefore, it does not constitute an internationalisation of the ringgit. The primary objective is to facilitate trade settlement through reducing forex risk,” RBS said in a note yesterday.

“It is a timely move, given the openness of the Malaysian economy to trade,” said AmBank in its special report yesterday.

“It effectively promotes the use of the ringgit as a currency for trade settlement with its major Asian trading partners and reduces the reliance on the US dollar.”

(Against a bullish economic scenario, major banks in Malaysia are projecting a double-digit growth in their trade financing business).

AmBank said the liberalisation of forex rules did not mean that the trading of the ringgit had been internationalised due to the following reasons:

# The relaxation of forex rules is based on international trade transactions; and

# Non-resident counter-parties to resident exporters have to maintain ringgit accounts with licensed onshore banks through which the trade transactions are carried out. This facilitates monitoring of flows by Bank Negara.

Under the new forex administration rules, a resident is able to undertake settlement of international trade with a non-resident in ringgit, in addition to foreign currencies.

Non-residents can convert and hedge foreign currencies into ringgit with licensed onshore banks or with the appointed overseas branches of banking groups of the licensed banks.

According to AmBank’s treasury and markets research, the abolishment of all limits on cross-border, inter-company borrowings gives the opportunity to source for competitive financing from units other than the firms’ parent companies.

This move may result in more inflows of longer term foreign direct investments into the country.

The new rules are expected to complement the development of currency hedging products in Malaysia.

The removal of threshold limits on hedging for current account transactions by residents with licensed onshore banks is expected to help improve volumes of trade flows in ringgit.

Forex hedging through local onshore banks is also likely to increase through this arrangement.

China’s foreign exchange trade system, which is affiliated with the People’s Bank of China (PBoC), also allowed the yuan to trade ringgit with PBoC offering a reference rate for spot trading, and a 5% allowable range from the reference yuan/ringgit exchange rate.

According to AmBank, challenges arising from these forex moves include:

# ·Socio-political developments in Malaysia which impact the future development of the ringgit as a currency for trade settlement.

# Local companies’ readiness to take advantage of the new regulations that allow the hedging of foreign currencies exposure, especially with the adoption of new accounting standards, notably the FRS139.

# The availability of circuit breaker mechanisms if the 5% allowable range from the reference yuan/ringgit rate is breached.

Can i have the url to the currency chart?

please teach me.. assuming i know nothing about forex.. Where should I start it? 

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.

That link is not applicable to us as we are not US based investors. To get around this CFTC rule for overseas investors (non US resident), they will automatically transfer your account to an overseas branch.