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 Forex Version 10, Foreign Exchange Market Discussion

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Alex.Jy
post Mar 30 2012, 11:40 PM

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Hello guys, is Fxopen.com same as fxopen.my? this 2 website kind of confusing me as all the things in both website is the same.
Alex.Jy
post Apr 8 2012, 02:07 AM

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Hello guys, a question here, do we need to declare our forex income to income tax then only we can buy property or vehicles?

- I'm unemployed.
Alex.Jy
post Apr 8 2012, 09:52 PM

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QUOTE(tehoice @ Apr 8 2012, 02:57 PM)
can we really declare? I thought we are not suppose to declare as it is deemed "illegal" activity to trade forex in our country?
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yeah I doubt that too :| any trader here had declare their forex money to income tax before? Share it out! biggrin.gif
Alex.Jy
post Apr 16 2012, 07:47 PM

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QUOTE(jasperng @ Apr 16 2012, 04:26 PM)
I was approached by one of them last week. Basically the package is like

RM8k = tips + indicators
RM12k = education(by Xnalytics from Singapore) + tips + indicators
RM15k above = education + tips + indicators + option to choose to let your account managed by fund manager

Then they have like 2 types of bonuses
1) Referral bonus (You get a % ( ranging from 7-10%) of the account that your referral opens)
2) Trade bonus ( If your referral trades, you will get 20% of position size for every trade.

My question is

May I ask which part of GVF is a scam ?

Are we allowed to do forex trading in Malaysia ?

I also asked the education provider , Daniel from Xnalytics . He told me that he's not related to these ppl. Basically these ppl approaches him and ask him to conduct classes in Malaysia.

Please advise smile.gif


Added on April 16, 2012, 4:30 pm

They are not promoting win strategy. The reason tehy are promoting is to earn the bonuses that comes with it when you open account under them. Education is provided by Xnalytics from singapore.
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Hello, just a question from me, you said there are plan for 8k, 12k, 15k right? So if I'm not mistaken, they will lock your 3k as credit right? Here some simple math calculation from me.

I will take 8k plan for examples, I said that they will lock 3k as credit and 5k for you to trade, and the 3k is for the teachers that provide you daily forecast of signal to trade that worth 12k. However, you will get a reduction back to your balance for every 10usd/lots, they will return 2usd, it sounds like it's nothing to lose, but after my calculation, this is what I get.

here's an example, ASSUME that,
5,000 = 1,630 USD (trade)
3,000 = 970 USD (Credited - return $2 with $10 trades/lots) ***NOT FROM PROFIT THAT YOU EARNED***

Okay, first thing after you credited 3k into it, of course you will want to get the money back asap right?

So, if you want to earn it back, you actually need to trade
$970/$2 of return = 485 trades of $10
485trades of $10 = $4,850 (minimum amount of money in order to get the $970 back, and it's actually using 14,860MYR to get back your 3,000MYR. and it require you to gain around 300% of profit to get it back)

Correct me if I'm wrong blink.gif blink.gif

Besides that, if you lost all the capital of 5k, will you deposit money into it and get the money back again? So, what will happen if you keep on losing?

For me, you are actually lost value of 15k after you join, since I'm a newbie in Forex. whistling.gif


Alex.Jy
post Apr 18 2012, 12:04 PM

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QUOTE(mr.rime @ Apr 18 2012, 09:08 AM)
yes poks, look good to buy aud/usd and also GOLD for today! let's climb uP!
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Just bought audusd, hope it will climb up like nobody business. drool.gif drool.gif

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