FOREX | v se7en, the market is very SucKy
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 Nov 16 2010, 03:15 PM
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#1
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Junior Member
26 posts Joined: Aug 2010  
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anyone try to fund their forex account using maybank visa debit? i tried to deposit fund into my fxcm account but it was declined, also i have registered for MSOS, still failed. anyone knows how to do it?
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Nov 16 2010, 05:20 PM
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#2
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Junior Member
26 posts Joined: Aug 2010
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QUOTE(tUps @ Nov 16 2010, 05:50 PM) personal experience, visa debit for maybank, you need to call to the center to activate the online transaction/overseas transaction. i see.. btw i also heard that if the bank check and found out that the name of recipient of the transaction has the word "forex", they will ask a lot of questions and sometimes they will decline the transaction. is that true? |
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Nov 16 2010, 06:43 PM
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#3
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Junior Member
26 posts Joined: Aug 2010
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QUOTE(myvi5949 @ Nov 16 2010, 07:36 PM) cant u use paypal with ur debit card? im using FXCM. they dont have paypal for depositing fund. u got any suggestions for brokers that use paypal for deposit? |
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Nov 17 2010, 02:36 PM
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#4
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Junior Member
26 posts Joined: Aug 2010
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QUOTE(tsarena @ Nov 17 2010, 02:51 AM) I'm using maybank visa debit fund into fxcm. YES! the transaction is approved.. thank you very much man. you've been a great help.. I think if you deposite $100 should be no problem as long u already registered MSOS. If more than that, u need to go to atm to reset the max amount allow for online transaction. By default they set rm500 I think. U can try call maybank hotline, they will tell u which menu to set for at the atm. That's what I did when my transaction was declined last time... After reset the amount, it's ok already. For FXCM, after transfer it'll takes about 3-4hrs or at most half a day then the money will be in ur account.    |
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Nov 19 2010, 02:31 PM
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#5
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Junior Member
26 posts Joined: Aug 2010
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QUOTE(CallOfLegend @ Nov 19 2010, 01:17 PM) I always failed to make money by scalping. The profit that i get doesn't make up for the losses that's why i stop scalping already. Now i trade using H1 or H4 chart. I always try to limit my sl between 50-60 pips, and set tp higher than that so that the profits more than losses. Of course it takes more patience to achieve that goal, but so far have more success trading this way. mind to share some of your techniques? i, too, has been in the state of losing in scalping, either i entered too late or closed too early... |
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Nov 25 2010, 04:49 PM
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#6
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Junior Member
26 posts Joined: Aug 2010
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QUOTE(luqmanz @ Nov 25 2010, 05:41 PM) Well if the broker offers you some bonus capital ... it could be a good thing ... is instaforex secure and regulated? i cant find instaforex in CFTC, NFA and FSA..Like Instaforex .. deposit at rm3.7 ... withdrawal at rm3.6 per USD ... Lets say you deposit RM 3700 ... current BNM conversion rate is RM 3 .. but Instaforex is RM 3.7 Capital in your account .... 3700 / 3.7 = USD 1000 + 30% bonus = USD 1300 compare that with 3700 / 3 = USD 1233 You have more capital despite the "worse" rate. ... Let's say you trade and make 50% return ... 1300 -> 1950 1233 -> 1849.50 Withdraw 1950 * 3.6 = 7020 (Insta) 1849.50 * 3.3 (assuming the USD strengthen) = 6103.35 (others) But the trend is USD going to weaken ... so you will get even less than RM6103.35 using other broker. Added on November 25, 2010, 4:47 pmHow can the broker do this ? My simple guess is ... most traders lose money in forex. Why ? Because of lack of experience, knowledge and discipline. |
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Nov 26 2010, 08:37 PM
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#7
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Junior Member
26 posts Joined: Aug 2010
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QUOTE(lauyah @ Nov 26 2010, 12:55 AM) Thanks for the tips. Do you have the Affiliate Code? You want me to fill you in? No harm anyway, better to let someone earn something rather than just left it blank. Do PM me. have you consider fxcm?edit: Read some review on InstaForex, and its not good at all. There are some issue with the lagginess of the server (Sg Server). Trader are unable to close their bid. And other issue as well. Which worry me. FPA even regard InstaForex as a Scam (old review). Anyway, anyone tried CashBackForex? |
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Nov 29 2010, 03:22 PM
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#8
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Junior Member
26 posts Joined: Aug 2010
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QUOTE(gensys @ Nov 29 2010, 02:33 PM) Hey Guys, i read from other sites, saying that as long as u r not trading against the MYR, then I THINK we r free to trade fx. all we need to do is to convert our MYR into any foreign currency FIRST through any licensed money changers (all banks will do) then it's our own matters..I just want to know, is Forex Trading illegal in Malaysia? Called up Bank Negara Malaysia, they told me it's illegal under the 1953 act. if anyone knows better, please rectify.. |
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Nov 30 2010, 08:16 PM
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#9
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Junior Member
26 posts Joined: Aug 2010
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hello, i have a question for all the forex experts and pros here. what are your trading styles?
do you, say, wait for the opportunities and then only place your trades? and if that day you don't see such chances, you won't place a single trade. OR, do you set yourselves some kind of limits like, say, 3 trades or even more everyday, regardless of whether the market is trending or going on a range bound? thanks.. |
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