i dabbled in forex briefly in late 2008/early 2009, put in 100USD and played with it by essentially guessing and was lucky enough to earn 200 bucks...

quickly withdrew it for fear of losing it and left my initial capital in it to play with, since then was busy with other things and only made occasional trades, sure enough proceeded to lose the 100 bucks lol

anyway i'm thinking of getting back into action and try my luck with a bit of money, think i should read up more on this first, gonna revisit babypips.com and perhaps even go to the national library and read books on technical analysis or something (i wonder if there is), lol anyone up for this study session?

just wanna ask what brokers do you guys use? is it easy to deposit and withdraw? since all are overseas brokers i'd think converting to USD or AUD before wiring over would kill already with the banks' massive spread in exchange rates

i was in Australia back then so i could wire AUD straight, i opened an account with Oanda and thus far nothing to complain about, except for the non-MT4 platform

also wanna ask when you guys opened an account was the process easy? since we're from Malaysia did the brokers like have restrictions or additional requirements or something

lala since no one replied about their experience with various brokers, i shall continue using Oanda, just transferred 1k AUD, waiting for it to be deposited

probably gonna begin babypips.com revision tonight

I think Oanda is one of the most longstanding brokers around, it doesn't even market itself much, and as far as i know it offers one of the best spreads. But ya their java trading platform wouldn't be as snappy as MT4 and doesn't have as many features, but it is good enough for a beginner.

In any case i can always open a demo MT4 account and do my analysis there haha .

Too bad they charge for withdrawal, i think some brokers don't.

Ya you can see Oanda has one of the strongest capital base among the forex brokers that i recognise.

No, first withdrawal is 20 bucks, second withdrawal onwards is 15 bucks more on top of that.
Can see from here https://fxtrade.oanda.com/your_account/fxtr.../withdraw_funds.

https://fxtrade.oanda.com/your_account/fxtr.../withdraw_funds
are you sure we're looking at the same page? it's clearly stated there that there's a bank wire first withdrawal fee in the table and 15 bucks more for second withdrawal onwards

whether it's oanda that's charging or oanda's bank it doesn't matter, there is a withdrawal charge on the first time already, and i'd think the local banks would have another charge

haha well i got confused then, cause when i check out other brokers they all say they don't charge a dime while conveniently omitting the bank wire fee, so i just assumed it's zero cost except for the charges by my receiving bank

Good article, but perhaps you should credit the source.

http://www.trendfollowing.com/

just curious, what team is this? did you join some forex course and formed some team there?

i wonder if it's in perpustakaan negara, if not will try to find it online first hehe

i just filled in mine and scanned and emailed them on Saturday
wasn't too sure about the form either and asked them about it, read the instructions on IRS's website and was still a bit confused lol
in the end i just left Part II, III and IV blank, basically all that you don't know, leave'em blank

can always ask Oanda, they're pretty responsive, or even better live chat with them

haha ya so far from all the trades he's done the success rate is pretty high, just that his leverage is so high that a few losing trades killed him

Yup profited 400 pips from 0.87. Closed the trade and sold again, now -45 pips lol.

Not sure why the divergence between AUD and EUR, EUR having a strong rally and AUD just keeps falling.

now Oanda has built an iphone app for its fxtrade too, which is awesome haha, can literally trade anywhere now