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 Forex Version XII, Foreign Exchange Market Discussion

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zDarkForceSz
post Dec 27 2013, 08:21 PM

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QUOTE(project68 @ Dec 27 2013, 08:05 PM)
Haha, i quite suprise with eurusd today, was expecting it will go down when reach 1.38, if not i double my account today if i didnt close too early  sweat.gif

Btw i don't understand yet about withdraw our money from forex, let say IF i withdraw my money every week 3k-5k, what if suddenly bank froze my account and ask for proof where my money come from? AFAIK forex is illegal, if i show my trading statement what happen jor? go to jail?  sweat.gif
*
and no people is losing when taking profit.
keep that in mind. Forex is a patience game.
Train your patience. No harm taking profit early, where that's profit.
zDarkForceSz
post Dec 27 2013, 08:23 PM

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QUOTE(project68 @ Dec 27 2013, 08:20 PM)
im using ic markets  hmm.gif
*
So far I never heard forex trader's bank account froze by BNM.
But IB yes. So nothing to worry, unless the law is amend.
zDarkForceSz
post Dec 27 2013, 08:26 PM

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QUOTE(project68 @ Dec 27 2013, 08:23 PM)
i already patience enough waiting price to hit 1.38, i close there coz i was expecting it will go down abit, then i go out with friends, came back check chart hit 1.39 wtf sweat.gif
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No worries.
1.38 is a tough resistance, since you close there nothing to regret ha.
zDarkForceSz
post Dec 27 2013, 08:29 PM

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QUOTE(project68 @ Dec 27 2013, 08:25 PM)
then good lorh,i think the reason they didn't apply law coz bank also trade forex what biggrin.gif
*
Nope
BANK in Malaysia obtain INVESTMENT license from BSN.
They didn't infringe any part of the law.

QUOTE(zDarkForceSz @ Dec 27 2013, 08:18 PM)
where the hell on earth you guys get the information that trading forex is illegal?
I have been repeating this statement a year long.
FOREX TRADING IS NOT LEGAL NOR ILLEGAL. THERE IS NO LAW SAY THAT YOU CAN'T TRADE FOREX.
THERE'S ONLY LAW ON ILLEGAL COLLECTING MONEY FOR TRADING FOREX IF YOU'RE NOT REGISTERED INVESTMENT BANK IN MALAYSIA!
FOR EXAMPLE, SOME IB YOU FACE TODAY THOSE IB INFRINGE THE LAW NOT YOU.

AS FOR FROZE BANK ACCOUNT, IS TO CHECK IS THAT MONEY FROM MONEY LAUNDERING ACTIVITIES.
TRADING STATEMENT IS GOOD ENOUGH TO PROVE YOU'RE NOT A MONEY LAUNDER!
BETTER IF YOUR BROKER IS UNDER UNITED KINGDOM FCA REGULATION.
MALAYSIA IS UNDER COMMONWEALTH COUNTRY. SOME U.K. LAW STILL APPLIED.
*
zDarkForceSz
post Dec 27 2013, 10:30 PM

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QUOTE(nickcct @ Dec 27 2013, 09:33 PM)
Do you think can hit 1.400?
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Sorry bro. I don't guess, I follow my system signal.
Is a wait and see mode now. playing around 1.38

BTW I'm on hibernate mode. NO trading haha.
zDarkForceSz
post Dec 30 2013, 06:04 PM

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Keep in mind, some part of FOREX is breaching Malaysia law. However some part ain't. Beware of which part you're performing / going to perform.
zDarkForceSz
post Dec 31 2013, 12:12 PM

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Last day of 2013. Happy New Year~

A warming up nice set-up on last day of 2013
Attached Image
zDarkForceSz
post Dec 31 2013, 12:12 PM

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QUOTE(pai3355 @ Dec 31 2013, 09:00 AM)
1)Learn basic knowledge at babypips.com

2)Try get some infos about forex anywhere on the internet until u know how it works.

3)Firstly, open DEMO account at any forex brokers. Dont be afraid it loose money because its a virtual money.
In 6 years i never seen somebody started online forex trading with real money and then get successful. The 1st deposit no matter how much u deposited will be GONE.

4)Try learn from somebody who has knowledge in forex trading. Cheaper is better. Dont go to fx seminar worth thousands of ringgit.

5)Still got nothing? PM me for offline tutorial  biggrin.gif
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Bro give me some tutorial please! brows.gif
zDarkForceSz
post Jan 6 2014, 12:16 AM

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To all newbies~~~

Read up babypips.com and find yourself a decent regulated broker to demo along.

Just a clear reminder,
Don't blindly believe FOREX can bring you F***-ing FAST FORTUNE.
Is like going casino playing Baccarat (Banker Player).
You might win big. And you might lose all.

Good luck. Have fun. Don't burn yourself.

This post has been edited by zDarkForceSz: Jan 6 2014, 12:16 AM
zDarkForceSz
post Jan 6 2014, 12:27 AM

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QUOTE(cmk96 @ Jan 6 2014, 12:17 AM)
here is my result for 2013... use up most of the profit to buy a new property.
hope this year gonna be a better year. smile.gif
*
keep it up. thumbup.gif
zDarkForceSz
post Jan 6 2014, 10:23 PM

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QUOTE(thesnake @ Jan 6 2014, 10:18 PM)
so you are a night trader  biggrin.gif . Im still learning with a demo, so im starting with day trading. its already 10PM, USD market not moving  hmm.gif
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Look for volatility. London Session + NY Session is the best.
zDarkForceSz
post Jan 6 2014, 11:08 PM

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QUOTE(thesnake @ Jan 6 2014, 11:03 PM)
its already 11PM, NY Session dosent seem to be moving. Long EU pair @ 1.3629
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today is Monday. And some western people on holiday mode.
zDarkForceSz
post Jan 8 2014, 05:57 PM

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Be patience guys...

Wait for indecision.
zDarkForceSz
post Jan 9 2014, 02:59 PM

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QUOTE(billy_overheat @ Jan 8 2014, 08:55 PM)
Hey guys, new to the world of forex, currently still reading up things in babypips and trying bits in oanda demo account.

still scratching heads here and there. laugh.gif

any advice for newbs? biggrin.gif
*
finish babypips.com school.
understand risk & reward.

Don't burn yourself, with your confidence.

QUOTE(ah rayn @ Jan 8 2014, 11:54 PM)
Newbie here. Wanna ask u guys hav u all heard about easyforex? N any other else broker u guyz recommend? I tried open a demo acc at hotforex but I cant login on the mt4...any idea how? N it keep saying insufficient funds but its a demo acc with 100k
*
A regulated brokers will do.
100forexbrokers.com/forexpeacearmy.com find yourself a decent broker that suites you.
zDarkForceSz
post Jan 9 2014, 03:00 PM

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QUOTE(project68 @ Jan 9 2014, 01:37 PM)
I decide to trade manual, just done a 5 year backtest with ea that i show you guys last week, wow my 50k demo account blow up like no tomorrow...so yeah...
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finally you believe us that martingale is risky especially control by robot.

robot is dead, they just run data.
human is alive, we got eyes to do analysis.

Forex is not easy.
Don't fool by someone that showing you bunch of profit. They won't show you their "loses".

This post has been edited by zDarkForceSz: Jan 9 2014, 03:02 PM
zDarkForceSz
post Jan 9 2014, 03:05 PM

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QUOTE(9kingsir @ Jan 9 2014, 11:06 AM)
looking into it.. let me study then let u know the result if reliable
*
the result is there.
http://www.babypips.com/school/elementary/...-indicator.html
zDarkForceSz
post Jan 9 2014, 06:40 PM

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QUOTE(billy_overheat @ Jan 9 2014, 04:59 PM)
which means, babypips is more than enough for education purpose? I'm reading back things to make sure that I really udnerstand everything before I'm jumping into.

Broker wise? Any to recommend?
*
babypips cover basic. is more than enough.
after that you can do extra research into which part you want.
Google is 24/7 there for you.

Seriously doesn't like to recommend any broker,
If anything happen you will blame.

What I can tell you is, find yourself a regulated broker which suits you.
100forexbrokers.com
zDarkForceSz
post Jan 10 2014, 08:33 PM

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to all newbies, don't mess with NFP if all your margin is in the account. Slippage will kill you.
zDarkForceSz
post Jan 10 2014, 09:53 PM

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Haha. Worse than expected result.
zDarkForceSz
post Jan 14 2014, 12:15 PM

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Bro no need to keep posting lol. Just link your account to myfxbook.

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