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 Forex Version XI, Foreign Exchange Market Discussion

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Jeck10
post Sep 3 2013, 08:29 AM

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QUOTE(gavind @ Sep 3 2013, 06:23 AM)
That's nice. What payment method do you usually use by the way? Do brokers also pay on time? user posted image
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I'm using fxprimus, just started last week so I haven't withdraw money before, but there are quite a few who use fxprimus here, and they have no problem withdrawing money. There are a few methods to get the money but I think the most convenient ones are transferring straight to your local bank current account or get a payoneer MasterCard from them.
ProperTYcoon
post Sep 3 2013, 12:24 PM

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QUOTE(Jeck10 @ Sep 3 2013, 08:29 AM)
I'm using fxprimus, just started last week so I haven't withdraw money before, but there are quite a few who use fxprimus here, and they have no problem withdrawing money. There are a few methods to get the money but I think the most convenient ones are transferring straight to your local bank current account or get a payoneer MasterCard from them.
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using payoneer card would be better, if you have a network, you can always sell the USD to them
Jeck10
post Sep 3 2013, 12:54 PM

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QUOTE(ProperTYcoon @ Sep 3 2013, 12:24 PM)
using payoneer card would be better, if you have a network, you can always sell the USD to them
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What u mean by sell the USD to them?
garmin888
post Sep 3 2013, 01:28 PM

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QUOTE(Jeck10 @ Sep 3 2013, 12:54 PM)
What u mean by sell the USD to them?
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Meaning you can sell the USD to others at a higher rate..rather than you transfer to your local bank account. In your card, the currency will remain as USD but once you transfer to local bank account it converts to ringgit. Usually bank exchange rates are higher hence you will lose out (just like the spread system of forex brokers). But holding on to the USD, you can be the 'bank' and sell your USD at higher rates.
sebastian.twz
post Sep 3 2013, 02:11 PM

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NFP again, Taper news incoming biggrin.gif
Jeck10
post Sep 3 2013, 02:18 PM

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QUOTE(garmin888 @ Sep 3 2013, 01:28 PM)
Meaning you can sell the USD to others at a higher rate..rather than you transfer to your local bank account. In your card, the currency will remain as USD but once you transfer to local bank account it converts to ringgit. Usually bank exchange rates are higher hence you will lose out (just like the spread system of forex brokers). But holding on to the USD, you can be the 'bank' and sell your USD at higher rates.
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But..to who? And u sell to get rm as well?
zDarkForceSz
post Sep 3 2013, 03:39 PM

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QUOTE(sebastian.twz @ Sep 3 2013, 02:11 PM)
NFP again, Taper news incoming biggrin.gif
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share some tips brows.gif
cofin
post Sep 3 2013, 04:56 PM

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I guess USD is going down .....they are selling stakes in China ...guessing they are seeking fund for war
zDarkForceSz
post Sep 3 2013, 05:00 PM

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QUOTE(cofin @ Sep 3 2013, 04:56 PM)
I guess USD is going down .....they are selling stakes in China ...guessing they are seeking fund for war
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Maybe EU dropping from last week is a sign for trend correction for the upcoming NFP.
Just my 2 cents. NFP might come in red~
sebastian.twz
post Sep 3 2013, 06:28 PM

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QUOTE(zDarkForceSz @ Sep 3 2013, 05:00 PM)
Maybe EU dropping from last week is a sign for trend correction for the upcoming NFP.
Just my 2 cents. NFP might come in red~
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It might biggrin.gif but its a lil bit too late to influence the taper decision... so FOMC will drop the bomb this month, literally
zDarkForceSz
post Sep 3 2013, 06:49 PM

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QUOTE(sebastian.twz @ Sep 3 2013, 06:28 PM)
It might biggrin.gif but its a lil bit too late to influence the taper decision... so FOMC will drop the bomb this month, literally
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got that bad feeling too. icon_question.gif
naiveboy
post Sep 3 2013, 07:00 PM

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QUOTE(ProperTYcoon @ Sep 2 2013, 10:45 PM)
well, people pull out from YEN, UJ rise, it's common  tongue.gif

UJ rise means US dollar up, Yen down
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i see, any factors that can trigger people to pull out from YEN?



By the way, what are the differences between a payoneer card and a normal debit/credit card?
zDarkForceSz
post Sep 3 2013, 07:11 PM

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QUOTE(naiveboy @ Sep 3 2013, 07:00 PM)
i see, any factors that can trigger people to pull out from YEN?
By the way, what are the differences between a payoneer card and a normal debit/credit card?
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fundamental analysis. forexfactory.com
lets say that's a report from Japan come in worse than expected, people tends to sell off yen and buy the greenback.
Now is about the QE. QE STOPS = greenback go strong.
All will favor the Greenback rather than YEN.

the Payoneer card is a prepaid mastercard from the company Payoneer.com. Means you keep you money in USD.
Lets say QE stop, USD go strong, MYR becomes useless toilet paper.
To keep safe of your fund from depreciation = 2nd forex investment. you can choose to keep your FUND in USD by keeping in the Payoneer.
You can also go shopping with that card in Msia, just like normal debit card.

Debit card= take from your saving/current account.
Payoneer card= take from the amount you transfer into the card.

This post has been edited by zDarkForceSz: Sep 3 2013, 07:12 PM
工藤新一
post Sep 3 2013, 08:03 PM

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QUOTE(zDarkForceSz @ Sep 3 2013, 07:11 PM)
fundamental analysis. forexfactory.com
lets say that's a report from Japan come in worse than expected, people tends to sell off yen and buy the greenback.
Now is about the QE. QE STOPS = greenback go strong.
All will favor the Greenback rather than YEN.

the Payoneer card is a prepaid mastercard from the company Payoneer.com. Means you keep you money in USD.
Lets say QE stop, USD go strong, MYR becomes useless toilet paper.
To keep safe of your fund from depreciation = 2nd forex investment. you can choose to keep your FUND in USD by keeping in the Payoneer.
You can also go shopping with that card in Msia, just like normal debit card.

Debit card= take from your saving/current account.
Payoneer card= take from the amount you transfer into the card.
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Can Payoneer card use in oversea?
garmin888
post Sep 3 2013, 08:37 PM

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QUOTE(工藤新一 @ Sep 3 2013, 08:03 PM)
Can Payoneer card use in oversea?
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The payoneer mastercard is a credit card which can be used worldwide
sebastian.twz
post Sep 4 2013, 10:31 AM

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QUOTE(naiveboy @ Sep 3 2013, 07:00 PM)
i see, any factors that can trigger people to pull out from YEN?
By the way, what are the differences between a payoneer card and a normal debit/credit card?
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I suspect the fukishima incident is having a negative impact on Yen, will have to see if they can sort it out without further complications.....
izzaz
post Sep 4 2013, 10:42 AM

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we might see UJ directions tomorrow after MPS and BOJ. i have my longs placed at 99.30 hoping it might hit 100.35. sweat.gif cool2.gif
sebastian.twz
post Sep 4 2013, 10:57 AM

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QUOTE(garmin888 @ Sep 3 2013, 08:37 PM)
The payoneer mastercard is a credit card which can be used worldwide
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bro, I wanna ask, what are the fees Payoneer charge for the card?
garmin888
post Sep 4 2013, 11:29 AM

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QUOTE(sebastian.twz @ Sep 4 2013, 10:57 AM)
bro, I wanna ask, what are the fees Payoneer charge for the card?
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You can find out details in this link http://www.fxprimus.com/why-fxprimus/fxpri...paid-mastercard

The above is for fxprimus only though
naiveboy
post Sep 4 2013, 11:31 AM

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QUOTE(sebastian.twz @ Sep 4 2013, 10:31 AM)
I suspect the fukishima incident is having a negative impact on Yen, will have to see if they can sort it out without further complications.....
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News said there is a a tornado hit northen japan. Dont know whether it can shake Yen down or not. biggrin.gif

By the way, oil rised yesterday after unidentified missiles launched in Mediterranean, people scare it is United State start to strike Syria. Later confirm it is a test launch by Israel, then oil price calm down this morning.

QUOTE(izzaz @ Sep 4 2013, 10:42 AM)
we might see UJ directions tomorrow after MPS and BOJ. i have my longs placed at 99.30 hoping it might hit 100.35. sweat.gif  cool2.gif
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what is MPS and BOJ?

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