Sell or Buy position? Current Buy at 83.45..

UJ has surge for 70 pips since last night..

GU on steroid just now..

Im Longing on EU!! GO GO EU!! Break the 1.3050 strong resistance and bring me to rocket!!

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Added on January 12, 2011, 11:53 pmOMG GU on steroid!

This post has been edited by andrewckj: Jan 12 2011, 11:53 PM

USD weakened alot.. GU EU all steroid!!! Congrats on EU and GU long taker..for breaking the level of 1.5700 and 1.3100 resistance level!

SHKF (One Hong Kong Invenstment Securities Bank) advise to long on GU and GBP/AUD. Check out the attachment!


Attached File(s)
 20110303invintelp.pdf ( 511.22k ) Number of downloads: 15

Apprently, USD released good data which means the unemployment rate fell which strengthens the US. However, the weak USD sentiment is still there, that's why not even good NFP data can strengthen the USD.

Looking at the rate now, in fact all the pairs against USD, USD has weakened compared to prior before NFP data. All buying against USD will be floating positive.

Overall, it's a rather disappointing NFP. Those time especially on the recent one in January, the swings were so massive that it can record 80-100 pips swinging massively for the next consecutive hour to three.

Back to the basic, the trend line, MACD and stuff. Good luck in trading people!

This post has been edited by andrewckj: Mar 4 2011, 10:39 PM

yea, not taxable, don't need to declare also can. Para 28, Sch 6 of Income Tax Act 1967 states that "Any foreign income derived from oversea that is remitted to Malaysia will not be liable to income tax"

Welcome back. Good luck bro! NFP night. What's your bet? USD weaken or strengthened? Oil price continued to dip below 100 USD/ barrel

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Added on May 6, 2011, 5:33 pmYou won't get investigated unless you purchase some major property/ car but without a tax file. If you want to be safe, setup a company and declare those income that you earned are from foreign source. After all, if forex is your main income, one way to remit back home is through telegraphic bank transfer. So you will have the proof that, the income indeed is a foreign source, should you are being investigated by IRB (LHDN) Why worry?

This post has been edited by andrewckj: May 6 2011, 05:33 PM

Your first statement is right! 1 standard lot = 100k, 1 pip movement = 10 USD.

http://www.forextac.com/forex-pip-value.html

I don't understand your question of the 1 unit = 100,000 USD.

I assume you are asking about the leverage in term of the margin. It is variable on each broker. Some provide you 100 times or even up to 400 times of your deposit placement.

Example, you have 1k deposited, with 100 times leverage, you can trade up to 400k. If you are winning everything will go alright, however when you are floating 75% losses of your deposit placement, which in this case, floating -750, you will trigger margin call (MC) and your open trade will be forced liquid at the market prevailing rate.

This post has been edited by andrewckj: May 6 2011, 11:35 PM

Yes, usually is in USD. Always, 1 pip movement for every standard lot (100k trade) is 10 USD. So if your currency is of different, just use the rate of your said currency against USD and convert it back to the currency you wanted