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 Forex Version XI, Foreign Exchange Market Discussion

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ProperTYcoon
post Aug 21 2013, 04:08 PM

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QUOTE(sebastian.twz @ Aug 21 2013, 02:54 PM)
LO in 5 mins XD  cool2.gif
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seems like doing good, but will try to close all trades first.

can try to sell EURAUD for now. SL TP 40 pips
ProperTYcoon
post Aug 21 2013, 04:46 PM

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QUOTE(sebastian.twz @ Aug 21 2013, 04:45 PM)
Nah, I only do EU  biggrin.gif

seems like not much commitment from the UK side; guess we'll have to wait till FOMC ...
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r u waiting for EU to bull ?
ProperTYcoon
post Aug 21 2013, 05:17 PM

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QUOTE(zDarkForceSz @ Aug 21 2013, 05:16 PM)
I also focus on EU only~
Bull or Bear still early to say. See later performance.
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mate, go for sell EA
ProperTYcoon
post Aug 22 2013, 09:33 AM

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my GU TP HIT! as predicted! woo hoo!

USD is bouncing up again, and bouncing down AGAIN SOON..
ProperTYcoon
post Aug 22 2013, 10:16 AM

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QUOTE(-Davidoff- @ Aug 22 2013, 10:13 AM)
hoseh.  rclxms.gif
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expecting to bounce up another 30-50 pips today
ProperTYcoon
post Aug 22 2013, 10:28 AM

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QUOTE(zDarkForceSz @ Aug 22 2013, 10:27 AM)
Nice 1~
You mean USD bounce up 30-50pips?
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not now, but soon.

nope, USD bounce down
ProperTYcoon
post Aug 22 2013, 10:32 AM

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QUOTE(zDarkForceSz @ Aug 22 2013, 10:29 AM)
haha. i also predict Euro will shot up against USD.  hmm.gif
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not quite, expecting bad news for EURO this afternoon
ProperTYcoon
post Aug 22 2013, 10:54 AM

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QUOTE(Jeck10 @ Aug 22 2013, 10:50 AM)
Nice congrats! smile.gif

Anyway wanna ask everyone here do we have to pay income tax for the profit we make? Or only have to pay if we reach certain amount?
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Hi, yes, I do pay income tax for the profit I made from Forex.

If you do not have any intention to purchase any Property/Assets, I don't think much people out there are paying the tax.
ProperTYcoon
post Aug 22 2013, 12:58 PM

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QUOTE(zDarkForceSz @ Aug 22 2013, 12:02 PM)
Yes. A lot investors pull out their funds.
MYR is like toilet paper soon or later.
I'm worried as my tuition fee is pay in GBP.
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ha ha ha, what to worry? you're making USD in Forex
ProperTYcoon
post Aug 22 2013, 02:07 PM

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QUOTE(zDarkForceSz @ Aug 22 2013, 01:55 PM)
if so @ProperTYcoon already get caught, since he declare as profit from forex. 0.0
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I declare as Investment, no big deal.

Somehow, Forex Trading is not Illegal in Malaysia

http://www.bnm.gov.my/microsites/fraudalert/0203_forex.htm
ProperTYcoon
post Aug 22 2013, 02:17 PM

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QUOTE(zDarkForceSz @ Aug 22 2013, 02:13 PM)
Yea. But if the officer really want to check and request for statement? haha
just amended recently by BNM.
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yeah i was inspected once, no big deal at all, as long as you pay, you're fine
ProperTYcoon
post Aug 22 2013, 02:42 PM

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QUOTE(sebastian.twz @ Aug 22 2013, 02:39 PM)
doesnt really matter..... if you earn big bucks from fx... just go singapore and open a bank account there... no big deal..
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It's always legal, dont have to worry about that. But due to once when I was unemployed and became full time trader, I have no choice to declare so I'd get my Loan Approved by the Banks for my Properties.

no big deal about MYR depreciate against SGD. depreciate against USD isn't that bad yet as USD is also in a recovery mode.

Looking forward for 3pm, EUR high impact news.

expecting bad news for EUR from my side biggrin.gif
ProperTYcoon
post Aug 22 2013, 02:47 PM

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QUOTE(sleepwalker @ Aug 22 2013, 02:44 PM)
You don't have to. We can just do it here without any problems. Opening your own account in Singapore is even harder to explain to the authorities as you are transferring money between your own account. They can consider it as tax evasion as you could have made money from a business (non forex) in Malaysia, transfer the money to your off-shore account in SG and then transfer back to Malaysia.
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I declared my Income from Forex as investment, that shouldn't be a problem.
ProperTYcoon
post Aug 22 2013, 03:05 PM

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as expected bad news from EU!, pips in the pocket!
ProperTYcoon
post Aug 22 2013, 03:09 PM

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QUOTE(zDarkForceSz @ Aug 22 2013, 03:06 PM)
i'm in trouble doh.gif
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what trouble mate?
ProperTYcoon
post Aug 22 2013, 03:17 PM

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QUOTE(-Davidoff- @ Aug 22 2013, 03:12 PM)
rclxms.gif my trade not close yet. do u think EUR news at 3.30 is still bad?
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what happened to the another friend who's in a big trouble?

expecting bad news to come for EU, maybe another 10-15 pips down.

watch for the jump before news announce
ProperTYcoon
post Aug 22 2013, 03:23 PM

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QUOTE(zDarkForceSz @ Aug 22 2013, 03:19 PM)
still holding my position =x
-2pips now.
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gosh mate, 2pips?? wait for awhile, expected jump to 1.3345, going down to 1.3320-25 later news.

if it goes up further than 1.3345, planning to sell big
ProperTYcoon
post Aug 22 2013, 03:25 PM

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QUOTE(-Davidoff- @ Aug 22 2013, 03:23 PM)
yea. hopefully continue going down.
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most likely going down, very hardly going up, if it really does, enter big lot to sell EU!
ProperTYcoon
post Aug 22 2013, 03:30 PM

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QUOTE(zDarkForceSz @ Aug 22 2013, 03:29 PM)
Yess!!! coming out green!!!
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haha congrats to u, jump up to 1.3350.

my entry level trigger at 1.3345. setting tp at 1.3320 biggrin.gif
ProperTYcoon
post Aug 22 2013, 03:35 PM

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QUOTE(zDarkForceSz @ Aug 22 2013, 03:31 PM)
wow nice 1! i think you seeing $$$$ soon haha
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hopefully ok, but things usually goes crazy in the midnight.

so hows yours? TP done?
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