Looks like RM is singled out for negative outlook against USD

http://www.cnbc.com/id/100794082

SnR is not the same for everyone. Its subjective. Same goes with trendlines. If you are 'seeing' the same chart and pattern, you will most likely get the same snr or tendline level with pther ppl. Correct me if im wrong.

which broker is easy in depositing money and withdrawing money? I'm thinking of opening a micro account. thanks ya!

FXCM? Alpari? Go Markets? I'm looking at these.... are they ok?

This post has been edited by tehoice: Jun 6 2013, 09:37 PM

I tried to chart the support and resistance b4. But I found there are so many possibility depending what criteria you use to define it

Any general solid guideline to follow?

Example some will say if it bounce off once can be used. Some must bounce of 2 or 3 times only can use

If i have import n export business that involve few currencies, which bank is recommended to open FCA? does it has to be Sdn. Bhd to open one?

Yeah, if the price bounce back one time it could be support/resistance but it will not be a strong one. It may break off anytime. If the price tested the line 2 3 times than its a stronger SnR.

Please recemmend a good site for demo.

seems like UJ slopes down a lot, its time to buy

can try hiroseuk.

thanks for the feedback

what about timeframe? is there a general timeframe that is suitable?

I was thinking 1 hour would be quite suitable

I also use 1hr timeframe to plot trendlines and i use 4hr to see the 'bigger picture'. but generally, the bigger the timeframe where you plot the lines, the better chance that it will hold.

is hiroseuk good? are you using it?
I'm likely to trade on major pairs only, I prefer lower fixed spread, if possible. thanks!

Hi traders, anyone open an account with alpari before? The process seems complicated, it requires a lot of supporting doc to verify it. Can some one guide me on this? Pm me also can. Thanks alot.

bad day with NFP on friday. haha

is a normal procedure for good fx broker. they need your ic/passport + prove of residence(bank statement,phone bill,utilities bills with your name and address on it)

you can do your research here forexfactory.com
MT4 platform normally lowest also 1.9 and above.
some brokers provide own platform may be as low as 0 but introduce commission.

so do your maths and make your own decision. later you blame me haha.

bro you can do your research here, forexfactory.com
bear in mind, the spread there is MT4 platform.
if they provide own platform, you should find out the spread of them.

and your concern is about depositing money and withdrawing money. they sure provide you credit card depositing.
easiness wise, I really couldn't tell because I never use them before.
these brokers provide live chat on their website to provide info for you. so try to search them up.
sorry can't help much.

Yea, this is what I get from their webpage. But the doc require seems a lot. Bank statement, just show them like that?? To let them know how much money u got in your bank?? I can't brain this req..

-.- they want the prove of residence. you can black out other part of that scan. just need the top part. got the bank name, your name, your address.

or after you scan, you any software to make blur, blackout or anything.

This post has been edited by zDarkForceSz: Jun 9 2013, 04:56 PM