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 Forex Version XI, Foreign Exchange Market Discussion

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timsook
post Mar 18 2013, 09:52 AM

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QUOTE(VHK @ Mar 15 2013, 06:31 PM)
Hey guys newbie here, just wanted to check if any of you have heard about Zness?they claim to be trading with dukascopy and instaforex, they claim to give you back 5% of your investment each week,for a duration of 52weeks.I am just researching them but am stumped for info, figured that since this is a forex forum,would any of you be in the knowing if its legitimate.
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WOW.. 260% return on your investment!!!!!

they must be the BEST fund managers in the WHOLE UNIVERSE!!!

Good luck smile.gif scam or spam??
joseph8
post Mar 18 2013, 10:05 AM

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QUOTE(clamp_wl @ Mar 16 2013, 11:37 PM)
i heard a lot of forex out there are not authorised by Bank Negara Malaysia. what channel do u guys invest and is it true that u can earn back what u invest within months? if it is true, why there is financial crisis everywhere. i would jz want a clarification on this forex trading. thank you
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I have been with fxpro for quite sometime. Deposit and withdrawal no problem.

I heard that it is quite a grey area when it comes to BNM. I think as long as we TT our funds to forex provider overseas using authorised banks, then it should be fine.
poks
post Mar 18 2013, 12:00 PM

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QUOTE(VHK @ Mar 15 2013, 06:31 PM)
Hey guys newbie here, just wanted to check if any of you have heard about Zness?they claim to be trading with dukascopy and instaforex, they claim to give you back 5% of your investment each week,for a duration of 52weeks.I am just researching them but am stumped for info, figured that since this is a forex forum,would any of you be in the knowing if its legitimate.
*
the name itself does not give any confidence to me. sounds like some console game..

btw, the best way is to learn to trade yourself. not by others.
boyvi.. mt4 seems like can't use (i think my setting or something)..

today everything open with a gap. what happen to cyprus.. lazy to read, can someone make a summary. tq biggrin.gif

oh.. ok.. another bailout ...

This post has been edited by poks: Mar 18 2013, 12:02 PM
joseph8
post Mar 18 2013, 12:05 PM

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QUOTE(poks @ Mar 18 2013, 12:00 PM)
the name itself does not give any confidence to me. sounds like some console game..

btw, the best way is to learn to trade yourself. not by others.
boyvi.. mt4 seems like can't use (i think my setting or something)..

today everything open with a gap. what happen to cyprus.. lazy to read, can someone make a summary. tq biggrin.gif
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fxpro is based in cyprus.... rclxub.gif
sleepwalker
post Mar 18 2013, 03:24 PM

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QUOTE(poks @ Mar 18 2013, 12:00 PM)
the name itself does not give any confidence to me. sounds like some console game..

btw, the best way is to learn to trade yourself. not by others.
boyvi.. mt4 seems like can't use (i think my setting or something)..

today everything open with a gap. what happen to cyprus.. lazy to read, can someone make a summary. tq biggrin.gif

oh.. ok.. another bailout ...
*
Actually its more of a bail-in than out.. they are not bailing out the banks.. they are raiding the banks to bail out the country. EU 1.2980-1.3000 being defended 'kaw kaw'. Cyprus is so small that it does not impact much to the EU but the reaction is due to the fact that EU forced the country raid their own banks for a rescue package. What people are worrying is which country would be hit next?

This post has been edited by sleepwalker: Mar 18 2013, 03:28 PM
joseph8
post Mar 18 2013, 03:31 PM

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QUOTE(sleepwalker @ Mar 18 2013, 03:24 PM)
Actually its more of a bail-in than out.. they are not bailing out the banks.. they are raiding the banks to bail out the country. EU 1.2980-1.3000 being defended 'kaw kaw'. Cyprus is so small that it does not impact much to the EU but the reaction is due to the fact that EU forced the country raid their own banks for a rescue package. What people are worrying is which country would be hit next?
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Wah...this is so unfair to those people who put money in the bank isn't?

Why didn't last time they bail in the banks in P.I.I.G.S countries?
joseph8
post Mar 18 2013, 03:32 PM

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QUOTE(joseph8 @ Mar 18 2013, 03:31 PM)


Why didn't last time they bail in the banks in P.I.I.G.S countries?
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I mean was last time bail in or bail out to those P.I.I.G.S countries?
sleepwalker
post Mar 18 2013, 03:34 PM

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QUOTE(joseph8 @ Mar 18 2013, 03:31 PM)
Wah...this is so unfair to those people who put money in the bank isn't?

Why didn't last time they bail in the banks in P.I.I.G.S countries?
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Yes.. absolutely stupid. Imagine you get taxed 6.75% if you have up to 100,000 euro in the bank and higher if you have more. People are rushing to withdraw money but that was imposed by the EU.

That is what they are worrying now. If EU can do this to Cyprus, they can do it to the PIIGS too. Hence the panic selling over the weekend. Almost everything is in the red today all over the world due to this. People are reacting more to the 'action' and not the 'causes' of the bail-out of Cyprus.
joseph8
post Mar 18 2013, 03:41 PM

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QUOTE(sleepwalker @ Mar 18 2013, 03:34 PM)
Yes.. absolutely stupid. Imagine you get taxed 6.75% if you have up to 100,000 euro in the bank and higher if you have more. People are rushing to withdraw money but that was imposed by the EU.

That is what they are worrying now. If EU can do this to Cyprus, they can do it to the PIIGS too. Hence the panic selling over the weekend. Almost everything is in the red today all over the world due to this. People are reacting more to the 'action' and not the 'causes' of the bail-out of Cyprus.
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Wah...can't imagine the consequences if they do it to PIIGS banks. Banking sector will be hit hard...another round of Lehman brothers, but Euro version.

Then another round of quantitative easing, but euro version too.



marioprimus
post Mar 18 2013, 03:47 PM

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I've learned more about online trading of forex and stocks through Ask Mario Singh blog. He personally answers questions daily and give great insights for anyone to learn stock market easily.
joseph8
post Mar 18 2013, 03:55 PM

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QUOTE(marioprimus @ Mar 18 2013, 03:47 PM)
I've learned more about online trading of forex and stocks through Ask Mario Singh blog. He personally answers questions daily and give great insights for anyone to learn stock market easily.
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As for myself i follow Kathy Lien and Ilya Spivak on Twitter. No interaction though coz they got too much follower wink.gif
sleepwalker
post Mar 18 2013, 04:36 PM

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QUOTE(marioprimus @ Mar 18 2013, 03:47 PM)
I've learned more about online trading of forex and stocks through Ask Mario Singh blog. He personally answers questions daily and give great insights for anyone to learn stock market easily.
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The only question I have now is.. are you Mario Singh.. your member name and Mario's association with fxprimus... hmmm.... or are you just emulating him?
sleepwalker
post Mar 18 2013, 04:48 PM

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QUOTE(joseph8 @ Mar 18 2013, 03:41 PM)
Wah...can't imagine the consequences if they do it to PIIGS banks. Banking sector will be hit hard...another round of Lehman brothers, but Euro version.

Then another round of quantitative easing, but euro version too.
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Looks like drama is only starting.. "Cyprus Parliament to vote on the proposed deposit levy at 14:00 GMT." EUR/USD up 80 pips from low of the day.
poks
post Mar 18 2013, 06:27 PM

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Thanks Sleepwalker for the news.
Might be a good idea to stand aside.
Putting BE on my nzdusd short.
sleepwalker
post Mar 18 2013, 06:46 PM

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QUOTE(poks @ Mar 18 2013, 06:27 PM)
Thanks Sleepwalker for the news.
Might be a good idea to stand aside.
Putting BE on my nzdusd short.
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Bail out vote delayed.. yes, it would be a good idea to sit out for the time being.
joseph8
post Mar 19 2013, 09:53 AM

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user posted image

Comic that describes current situation in Cyprus
Double bank robbery in in Cyprus = Man getting robbed by his own bank and bank being robbed by ECB. doh.gif
poks
post Mar 20 2013, 09:12 AM

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Great cartoon biggrin.gif

btw, looking to buy gbpusd ...
looking at 1.5070 and 1.5072... waiting price to past either one since the gap is small..
will buy at most probably 1.5072 .. else no trade.

tayor..
joseph8
post Mar 20 2013, 09:33 AM

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QUOTE(poks @ Mar 20 2013, 09:12 AM)
Great cartoon  biggrin.gif

btw, looking to buy gbpusd ...
looking at 1.5070 and 1.5072... waiting price to past either one since the gap is small..
will buy at most probably 1.5072 .. else no trade.

tayor..
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For buy and hold mid - long term?
poks
post Mar 20 2013, 09:56 AM

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Depends...
i will actually see the movement on that particular day i enter my trade;
if it's explosive, i'll close..
if it's normal movement ie.40~50 pips and i decide to hold, i'll put BE.
if it's lame movement, i'll close...

but if everything goes according to plan today, i'm looking at the movement to break 1.522 to actually decide..
joseph8
post Mar 20 2013, 10:01 AM

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QUOTE(poks @ Mar 20 2013, 09:56 AM)
Depends...
i will actually see the movement on that particular day i enter my trade;
if it's explosive, i'll close..
if it's normal movement ie.40~50 pips and i decide to hold, i'll put BE.
if it's lame movement, i'll close...

but if everything goes according to plan today, i'm looking at the movement to break 1.522 to actually decide..
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I see....

I think most likely a highly volatile day because it has been doji (consolidate) for the past 3 days. Breakout seems imminent.

Furthermore it has MPC meeting minutes at 5.30pm

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