any different between instaforex.com and instaforex.my ? are they same company?
Forex | Version 9, Foreign Exchange Market Discussion
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 Jan 30 2012, 04:18 PM
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#1
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Senior Member
556 posts Joined: Oct 2007  
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Feb 3 2012, 03:15 PM
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#2
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556 posts Joined: Oct 2007
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would like to try out demo play while reading babypips
which demo platform is the best to try out? |
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Feb 4 2012, 08:58 AM
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#3
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Senior Member
556 posts Joined: Oct 2007
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yesterday tried out instatrader demo account
but i dont quite understand its calculation as i placed a buy order usdcad 1.00 size 0.9971 then stop at 0.9966 which i suppose to lose 5 pips if according to my calculation i should lost around USD50 but the system only recorded USD5.02 lost curious which part i missed calculate or misunderstand? |
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Feb 4 2012, 09:54 AM
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#4
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QUOTE(teamloks @ Feb 4 2012, 09:14 AM) yeah 1.00 size=1 usd if 10.00size=10usd >.> that how instaforex work oh tq i read its faq and confirm that you are right its 1 lot is only 10,000 size |
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Feb 7 2012, 03:45 PM
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#5
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if to trade forex is it better to keep the money with broker or withdraw regularly?
besides withdraw to local bank MYR account or is there better to withdraw into USD account to avoid conversion ? |
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Feb 7 2012, 09:50 PM
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#6
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QUOTE(bsmohd @ Feb 7 2012, 09:42 PM) i go thru representative, so far no problem.. deposit very fast, though depends on the time, if 3am not sure how fast they can depo for you USD1 / RM3.7 is this common rate? depo rate USD1 / RM3.7, withdraw rate USD 1 / RM3.5 sound like havent started trading already make lost 20% |
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Feb 8 2012, 11:23 AM
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#7
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QUOTE(bsmohd @ Feb 7 2012, 11:07 PM) yup, fixed rate (so far), can always double check with the representative before depositing / withdrawing. i kinda confuse actuallysay if you try direct wire-transfer or credit card wont it be alot cheaper? or is there some reasons we need to go thru local representative? |
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Feb 10 2012, 10:03 AM
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#8
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QUOTE(chetz @ Feb 9 2012, 09:03 PM) it's actually 5% USD/MYR not around 3.02 ? |
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Feb 10 2012, 09:46 PM
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#9
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QUOTE(chetz @ Feb 10 2012, 04:38 PM) For those who choose to use local depositor, the rates are varies depending which local depositor they choose. Here are the calculation, most local depositor using deposit rate RM3.70/USD1 withdrawal RM3.50/USD1 : thank you for the explanationRM3.70 - RM3.50 = RM0.20 spread buy & sell = (RM0.20/RM3.70) x 100 = 5.4% There are pro and cons, if you choose to wired from local bank to your preferred broker it'll subject to current forex rate. Risk involve = flactuate exchange rate. (MYR vs your deposit currency USD / EUR / etc) |
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Feb 16 2012, 10:47 AM
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#10
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556 posts Joined: Oct 2007
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so forex traders we know we have to vote BN else really haram for all malaysian soon?
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Feb 17 2012, 09:16 AM
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#11
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556 posts Joined: Oct 2007
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QUOTE(skiddtrader @ Feb 17 2012, 08:36 AM) "real-time individual spot foreign exchange" ? isnt that what most forex traders?so EPF can play forex companies can play forex but we individual cannot play huh? |
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Feb 19 2012, 07:50 PM
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#12
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556 posts Joined: Oct 2007
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anyone here using instaforex debit card?
would like to ask how much to apply the card including shipping and its monthly/yearly fees and how to deposit money into broker's debit card? This post has been edited by aerobowl: Feb 19 2012, 07:51 PM |
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Feb 21 2012, 09:12 AM
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#13
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Senior Member
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then i guess broker's debit card is just for withdrawal?
if to deposit still need to go thru cc, wire transfer, etc right? |
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Feb 21 2012, 03:50 PM
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#14
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556 posts Joined: Oct 2007
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im also playing demo for the moment
but i guess no rush to go in real money account yet as if im really good then it will still work 3 months or 6 months later now i want to test myself with consistency like setting a fix target for every week |
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Mar 6 2012, 04:26 PM
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#15
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QUOTE(wersofcked @ Mar 6 2012, 01:26 AM) Hey guys, I'm new here, been trying on a demo account but still don't really get it. Anyone knows where can I demo using MYR instead of the usual USD? Thanks alot! And.. any recommended websites to read about the techniques? Thanksssss in advance sifus! if in MYR then is very sure illegal as stated by the bank negara rules but because we are using USD to trade forex therefore is "legal" |
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