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 Forex Version XII, Foreign Exchange Market Discussion

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SUSproject68
post Sep 11 2013, 12:09 PM

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Guys, let say i earn more than 1k-2k usd per month from forex, i withdraw my money using moneybookers to my maybank account...basically they didn't know that my money came from forex trading...

So if they block my account, what should i say to them?
SUSproject68
post Sep 11 2013, 12:33 PM

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QUOTE(zDarkForceSz @ Sep 11 2013, 12:27 PM)
if they do, just say foreign investment. if want prove, get your trading statement and show thats all.
as long as not money laundering, i don't think is a problem
*
trading statement?i don't quite understand this hmm.gif
SUSproject68
post Sep 11 2013, 12:54 PM

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QUOTE(zDarkForceSz @ Sep 11 2013, 12:35 PM)
If you're using MT4, get the history.

i using cTrader, i can get the statement i want from any date to any date.

that is the record proved you earn from trading, not money laundering.
*
afaik forex trading is illegal in malaysia, so if i show my trade history = forex = gg.com? sweat.gif
SUSproject68
post Sep 11 2013, 01:24 PM

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QUOTE(zDarkForceSz @ Sep 11 2013, 01:17 PM)
You already say, is illegal in Malaysia.
But you trading outside of Malaysia, is it illegal?

*Not doing promotion / any ad.
My broker FxPro is regulated broker in UK.
I trade in UK, not Malaysia, I didn't breaks any law.

Forex trading is illegal in Malaysia because those MLM,pyramid schemes.
There's no legal broker in Malaysia, nor IB approved by BNM.

As for money laundering, I got prove that I earn it from investment, so no worries.
*
sounds good, because currently i only invest small amount 1k, maybe next month i straight deposit 10k hmm.gif
SUSproject68
post Sep 11 2013, 01:59 PM

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QUOTE(zDarkForceSz @ Sep 11 2013, 01:52 PM)
In Malaysia, only investment bank can do investment.
Like OSK, Alliance, Public, Maybank.

Those MLM/Pyramid schemes is illegal.
So there's no so called "Local Deposit" for forex investment in our country.
Either TT / fund by credit/debit card

dun mind me asking, which broker you're using smile.gif
*
exness(1k account)/ic markets(10k account)
SUSproject68
post Sep 11 2013, 02:08 PM

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QUOTE(zDarkForceSz @ Sep 11 2013, 02:01 PM)
haha you also looking into icmarkets.

icmarkets using the same platform with FxPro but charge lower commission.
i'm thinking switching too. haha.
*
yes i do tons of research about brokers, ic markets is currently the best smile.gif
SUSproject68
post Dec 18 2013, 06:21 PM

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I think it's already have been decided by god or whatsoever that i will never succeed with trading forex, this is real story from me. I have been trading for almost 2 years now, almost everytime when i leave my computer for about 30 minutes or less, i miss my chances to trade, and when i stare at my monitor 24/7, there's always something happen when i open orders, such as i trading against my will, for example my system 'clearly' shows that its time to sell/buy, but i don't know why i open the opposite, when i close my loses trade and look back at the charts, i don't know why i did that, seriously! like someone controlling my mind, next year will be my last try, i fail again i will find some other business than this crap... (emotional)
SUSproject68
post Dec 19 2013, 08:19 AM

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QUOTE(9kingsir @ Dec 19 2013, 12:21 AM)
then i have question for u?

1. how do u profile forex?

a. putting money as investment better than put in bank earn interest 2-3% per annum?
b. earn 5% monthly and treat as just normal investment
c. daily paycheck .earn 20-30% PAY BILLS.
d. career advancement - earn a living include nice car n house
e. big boys game -Instant cash

2. do u like to trade by ownself just to feel the "KICK" of forex movement or will u let trade managers to do that for u?
*
i tried many things in this past 2 years, that also include pamm managing account to expensive ea that profit me about 1 year and keep losing after that, as for system, i can tell you right now that my system is at least the most 'perfect' system that i found after countless time of researching indicators in this past 2 years, it's so 'perfect' that i can't find other better indicator than im using right now, the problem now its myself, i can't control it even tho i keep saying in my mind follow the rules, and yet i'm still breaking it like no tomorrow, big issues here doh.gif

I label myself as a day trader and hoping that i'll make at least 5%-10% every month, but things just not going right everytime, i think i need to do more research about psychology in trading forex...

This post has been edited by project68: Dec 19 2013, 08:29 AM
SUSproject68
post Dec 19 2013, 09:34 AM

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QUOTE(highlowyat @ Dec 19 2013, 09:25 AM)
god has nothing to do with this

it depends how much you want to success
*
if you can change place with me you will know what i mean, i feel like deja vu everytime i miss trade that are similar with my past trade, i even check my past chart where i miss my trade, most of them are big move (50-100 pips move), i still scratching my head until now rclxub.gif

i know im not suppose to blame anyone into this, but come on... yesterday still happen to me, when i was trading eurusd at around 5pm, suddenly my friend come at my house, then i leave my computer for only 20 minutes, i came back, bam! miss trade 'again!' and it worth 30 pips of easy money for me if my friend didn't come.

or maybe i'm just a really unlucky guy sweat.gif
SUSproject68
post Dec 19 2013, 04:08 PM

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QUOTE(qwertyuioped @ Dec 19 2013, 03:30 PM)
if you cannot monitor the chart all the time, trade using 4H. you need to check every 4 hours or so. no need to be glued infront of computer for hours.
*
i only use m5 and m15, tried other timeframe, but best for me is this 2, what im saying is i monitor chart 'all the time', but when i take a break, for example eat/bath/pray and something like that, well market likes to go wild when i'm not looking at chart, weird rclxub.gif

i actually planning to hire coder to make ea based on my strategy next year, im tired of always miss my 'golden' trade, i felt so terrible everytime when i miss it cry.gif

QUOTE(keroro0o0o @ Dec 19 2013, 03:41 PM)
Hmm, i hope i don't sound too harsh, but hindsight trading is always perfect. I mean, things are ALWAYS clear AFTER the fact. You may have this experience where you see the chart and thought "I KNEW IT WOULD REVERSE THERE!!" after you see the move. Just try pounding all these "I knew, I would have" into your brains, and just do it in real time. If you don't stop dwelling, and start doing it live, you will never ever get it.

Also, I suggest you start using limit orders (pending orders) if you're not always at the screen, also a suggestion of using H4 chart makes sense too. Just use smaller lots will do.

**Trading is no easy business, and that's why 95% fail. It's up to you to bliv, whether you're the 5%, or you'll feel better accepting the fact that there're plenty other 95%'ers that're together failing with you.

Good trading.
*
i actually really experience in trading, and i know what you're trying to say, but that's not my problem here. It's hard to explain in detail what my problem is, but to make it simple let say im using CCI indicator, using rules of buy above 20 and sell below 80. The problem comes here, when CCI showing signal above 20(thats mean buy), i sometimes enter the opposite direction(thats mean sell), and only realise it after i open the order shocking.gif

it sounds stupid right?but this stupid things keep happening to me, almost 2 years i still can't get rid of it shakehead.gif
SUSproject68
post Dec 19 2013, 08:42 PM

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QUOTE(shamsul_LP @ Dec 19 2013, 08:14 PM)
there always another train...just be patient & stay calm
*
everyday watch chart 10-15 hour, its stressful, but at the same time its challenging...but i so mad about missing alot of good trades, and unable to think rationally when i decide to open trade sad.gif


SUSproject68
post Dec 19 2013, 09:28 PM

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QUOTE(mchicken @ Dec 19 2013, 08:54 PM)
You dont need to monitor all the time, thats tiring. You dont need to earn every single penny or catch every single up and down position. Just put a nice plan and follow, the market is there all the time. This is not lottery, its trading.

Dont wanna be stressful, trade the trend H1/H4; Wanna feel the up and down ride, trade the m5. Dont wanna care much, trade W1 etc etc..

Just chill and relax. rclxm9.gif
*
i use M5 for entry and M15 for trend confirmation, i'm using 5-10 SL and 10-30 TP, but when there's big chances of big move coming, just set order to breakeven and let it ride, it's much more fun and relaxing.

unlike people who trade h1/h4, they need bigger sl, 20-70 pips based on my experience, if you go wrong you lose big, but if you right you win big too... i prefer lower risk so i trade using m5 and m15, plus you can trade bigger lot size with small sl and tp biggrin.gif
SUSproject68
post Dec 25 2013, 10:20 AM

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Without forex my life felt so empty sad.gif Must wait next month...
SUSproject68
post Dec 27 2013, 02:48 PM

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Thx god im watching eurusd today, +50 pips! smile.gif
SUSproject68
post Dec 27 2013, 03:04 PM

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QUOTE(mpips @ Dec 17 2013, 09:48 AM)
Using EA on ICMarkets, so cool the resultMyfxbook Result
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i just noticed that you're using martingale type ea, my honest advice here, you need at least >10k usd to survive martingale ea using 0.01 lot, if not sooner or later your account will blow up...
SUSproject68
post Dec 27 2013, 08:05 PM

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QUOTE(zDarkForceSz @ Dec 27 2013, 07:17 PM)
I been staying out of market few weeks.
Today EURusd bull is crazy -.-
*
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
SUSproject68
post Dec 27 2013, 08:20 PM

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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.
*
im using ic markets hmm.gif
SUSproject68
post Dec 27 2013, 08:23 PM

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QUOTE(zDarkForceSz @ Dec 27 2013, 08:21 PM)
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.
*
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
SUSproject68
post Dec 27 2013, 08:25 PM

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QUOTE(zDarkForceSz @ Dec 27 2013, 08:23 PM)
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.
*
then good lorh,i think the reason they didn't apply law coz bank also trade forex what biggrin.gif
SUSproject68
post Jan 3 2014, 11:05 AM

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Hi guys, next week im going to try martingale ea, yaya i know it's damn risky but im doing it for fun, want to look how far my account can grows, will deposit 200usd real money and see how it goes, will update my performance here each week, wish me luck tongue.gif

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