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 Forex Version 10, Foreign Exchange Market Discussion

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SUSfghvbn
post Sep 3 2012, 12:01 AM

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Hey,

I'm learning to play the forex, someone shared to me regarding on forex whereby I trade with them as they are the intermediaries ...

they said I'll use their system .. they'll provide the training and tips ... can someone advise me more on forex as I'm new to it, thanks.
SUSfghvbn
post Sep 5 2012, 10:28 PM

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QUOTE(vlynn-662 @ Sep 5 2012, 10:27 PM)
Hahaha....act i dont trade myself....is my robot system do it.....
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How to play it 1 ?
SUSfghvbn
post Sep 11 2012, 10:13 AM

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Hey everyone, I'm wondering a lot of these broker are saying we can just rely on the robots(Fund Managers) to do all the job for us, but I'm wondering, how can this be ?

I thought Forex is a type of investment that we should monitor something similar to the stock market ?

On top of that, why are forex brokers interested to ask you to sign up as their client ? I heard they're getting 10% commission out of your sign up package and on top of that, they get paid whether you win or lose money.

Please someone clarify to me all these above.
SUSfghvbn
post Sep 11 2012, 11:12 AM

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QUOTE(poks @ Sep 11 2012, 11:01 AM)
Forex if you want to trade by yourself is more or less like stock market.
(that's trading the market)  happy.gif

well.. robot is a robot .. they do have breakdown period..
fund manager .. now this is pro trader managing fund (maybe better put money here if don't want to go through trading process)

why brokers want more clients? same thing; money ..
ie. min spread eurusd is 2pips (trade 10k lot which is $1/pip) ... $2 spread x 10 000 traders = $20 000 easy money on spread.... lol thumbup.gif
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so basically you only earn money if you recruit people as your client instead of trading the Forex itself ? sounds like some MLM to me already ...

SUSfghvbn
post Sep 11 2012, 11:14 AM

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Can I also know what is the risk of a broker closing down if you were to join them ?

I'm just fearful of this because these brokers can come and go anytime and as far as I know, Forex trading company are quite illegal no ?
SUSfghvbn
post Sep 11 2012, 11:17 AM

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QUOTE(Kwill @ Sep 11 2012, 11:15 AM)
he's talking about the regulated brokers.. they only earn thru spreads.. its like the service charge.. they can't go thru so many trouble to secure your trade and do it for free right, sure have to charge you..
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can you please tell me who are some of the regulated brokers ?

So far I've talked to some of these people who are trying to "recruit" me but they can't really tell what is their company name or who are their fund manager which makes me quite skeptical
SUSfghvbn
post Sep 11 2012, 11:42 AM

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QUOTE(poks @ Sep 11 2012, 11:17 AM)
yup ... that's right kwill ..
insead of commission, they do spread (google pls) ..

i'm referring to my 4H chart  kwill biggrin.gif


Added on September 11, 2012, 11:26 am
sound like scam ... alert !

i'm using fxcm uk, regulated by in UK .. there are plenty of regulated brokers out there but do get the one regulated in US or Uk ..
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how can I approach this company that you mention ? anyone that you know in this forum that you can recommend to me
SUSfghvbn
post Sep 17 2012, 09:05 PM

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Can I know what will happen if a OFX company is removed from the Companies Act in their respective countries ? what is the effect?

Anyone from FXCM ? Please PM me

Company removals notice dated 30 August 2012 - s318(1)(d)
Public Notice | Section 318(1)(d) Companies Act 1993 | New Zealand Gazette
Notice of intention to remove companies from the register
I intend to remove the following companies from the Register under section 318(1)(d) of the Companies Act 1993. I am satisfied that these companies have ceased to carry on business and there is no other reason for these companies to continue in existence or that no liquidator is acting.

Unless, under section 321 of the Companies Act 1993, written objection to removal of any of the below-named companies is delivered to the Registrar by 27 September 2012, being not less than 20 working days from the date of this notice, the Registrar is required to remove the companies from the Register.

Dated this 30th day of August 2012

http://www.business.govt.nz/companies/news...t-2012-s318-1-d


This post has been edited by fghvbn: Sep 17 2012, 09:06 PM

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