then we don't need to register at anywhere? then how we get paid?

i just found out that malaysia goverment disallowed any forex company to setting office or branches(for foreign company) in malaysia and there will never be a legal forex brokerages existed in Malaysia...only foreign currency trading scams...bank negara also dont encourage we to do forex trading since many of them are scam...

just go to the forex brokerages websites fill in their forms.Then do a TT transfer from your local bank to the disignated foreign bank by the forex brokerage.The inverse if you wish to withdraw the money from them.

is this true?

oic... btw mobius you're a forex trader? can teach us abit?

no,some of my friends and relatives are.I'd like to trade forex too,if i had enough money.

then your not a trader?

i only trade futures and sometimes equities

Can sign up online. I've done it before. I'm actually with FXCM. But I'm looking for a another broker. Fren said FXCM is not so good. Don't actually know why. Find it ok. However, I'm trying a different broker. Xpresstrade.

you work as a trader for a company or you work for yourself?
those futures you trade are foreign or local?

I'm trading forex with FXCM... Also working as a futures broker. In Malaysia, the only broker that can trade with foreign futures is Okachi. They're in commodities though. Recently Bursa did mention on opening up our market. Whereby we can trade on other countries markets as well. Well, they've been saying it for sometime... Not too sure if its gonna happen or not.

mobiusone, any positions in FKLI or FCPO?

This post has been edited by Silveru: Jun 4 2006, 12:00 AM

umm...more like a part time trader for a company,since i'm not old enough to take the broker's license test

i'm holding short position for FKLI.
i decided to stay away from cpo at the moment,very hard to play nowadays.
i feel like gambling in the cpo market,since the only huge price movement is in the opening and closing,you will never know where the price is heading, sometimes it rises/fall beyond my expectation.Very unpredictable.

not old enough yet? you must be very young then

i'm 18 years old only

i could sit for the exam now,even thou if i managed to get the license,i cant use it till i'm 21.By that time,i need to re-take the exam.

CPO.... Think it will go up.. But dunno. Some bigshots keep whacking it down at the very last second. FKLI short ar... Okie, tell my clients to short too No need to apply for the license unless you really want to be a broker le.

yea,a lot of people expecting cpo to have a bull run around these few months,or should i say 2nd half of the year.Bull or bear i do not know,but i do know the cpo market will have a huge price movement within these few months.

Some of them are pretty optimistic too, and told me that i should just invest my money in the cpo market instead of dividend stocks,some even predict that the price will move by 200 points lol.

oh btw..i'm not sure fkli will go down,i just act according to my trading system.The sell signal appeared during the last few hours during friday.Maybe the minor uptrend will still continue,i hope not lol.

This post has been edited by mobiusone: Jun 4 2006, 08:34 PM

wow 18 years old can work as a part-time trader? what company are you working for?

18 years old and u have sound knowledge of trading, respect

aku baru started learning

Wow ... you're so young!

CPO is bullish mainly because of market expects Bio-diesel will start its production on 2007 but the good harvest season of Soy Bean has dragged down the CPO for the last 2 months. Don't know which way the CPO will go since personally think that the bio-diesel won't have major impact in the market as lot of analysts predicted (at least for this decade), it is bullish merely on prospect rather than fundamental. A lot of factor need to be sorted out before bio-diesel can be widely used eg. engine, distribution, impact of the maintenance, production cost (since until now it is much more expensive to be produced than purely fossil fuel diesel)

For FKLI, technically, the upward trend for last few months has been breached. For next few week, the overseas market will have lot of influence how the cash market performs. Generally, there is some big scale of sell-off particular for Asia-Pacific bourses due to US interest rate concern and inflation shows no sign of cooling down. Whether the sell-off trend has been receding, no one can correctly guess it. That's why the futures (JUN) is trading at a record discount rate of 20+ points for last week before closing the gap to 13-15 points last friday.

yes....i found a discussion bout the legality of forex in malaysia....here

http://www.pjnet.com.my/ftopict-86.html