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 Forex Version XIV, Foreign Exchange Market Discussion

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Lucas0323
post Feb 1 2015, 04:21 PM

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Anyone know since when hkd and cny gt the exchange rate separated individually? Since when?
dkxinj7
post Feb 1 2015, 10:23 PM

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Hi fellow sifus,

Newbie here, recently signed up for a zulutrade live trading account under Aaafx broker . Any testimony on this platform ?
I have a few questions too

1. How do I withdraw from, Aaafx broker?
2. How to do it legally ?
simplesmile
post Feb 1 2015, 10:50 PM

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What do you guys think of GDMFX? Is it good? Cheap?
In terms of flexibility in deposits and withdrawals?
simplesmile
post Feb 1 2015, 10:50 PM

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What do you guys think of GDMFX? Is it good? Cheap?
In terms of flexibility in deposits and withdrawals?
9kingsir
post Feb 2 2015, 01:41 AM

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QUOTE(dkxinj7 @ Feb 1 2015, 10:23 PM)
Hi fellow sifus,

Newbie here, recently signed up for a zulutrade live trading account under Aaafx broker . Any testimony on this platform ?
I have a few questions too

1. How do I withdraw from, Aaafx broker?
2. How to do it legally ?
*
Why u choose zulu trader? because you think can copy trade??

u will be sorry because its out of proportion
9kingsir
post Feb 2 2015, 01:44 AM

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QUOTE(simplesmile @ Feb 1 2015, 10:50 PM)
What do you guys think of GDMFX? Is it good? Cheap?
In terms of flexibility in deposits and withdrawals?
*
there is no cheap or expensive broker..

the different was .. it is good enough for you?...

plus point is the lower the spread then u can close position with profit in small gap spread.
krofal
post Feb 2 2015, 01:04 PM

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For anyone who is interested, I did my 1st withdrawal with ICMarkets last week and got the money in 2 working days. So far so good, no complaints from me smile.gif
Pinnacle1295
post Feb 3 2015, 12:16 PM

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QUOTE(oreomambo @ Feb 1 2015, 10:15 AM)
For sure. On couldn't be getting fewer pips but trading more lots.
*
1 miniLot x 100 pips Profit
or
10-miniLots x 10 pips Profit

Which trading style you prefer?

This post has been edited by Pinnacle1295: Feb 3 2015, 12:19 PM
Supreme1394
post Feb 3 2015, 12:40 PM

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QUOTE(krofal @ Feb 2 2015, 01:04 PM)
For anyone who is interested, I did my 1st withdrawal with ICMarkets last week and got the money in 2 working days.  So far so good, no complaints from me smile.gif
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Very nice drool.gif
What was the mehod of withdrawal and how much is the fees?
SUSlowya
post Feb 3 2015, 12:48 PM

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any Exness clients can say a couple of words? both pros and cons. Thanks.
demolationz
post Feb 3 2015, 12:51 PM

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QUOTE(lowya @ Feb 3 2015, 12:48 PM)
any Exness clients can say a couple of words? both pros and cons. Thanks.
*
Cons : Change of leverage on weekends to 1:200
JB Lang
post Feb 3 2015, 01:25 PM

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why not use algorithm trading? is easy
Pinnacle1295
post Feb 3 2015, 01:43 PM

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QUOTE(JB Lang @ Feb 3 2015, 01:25 PM)
why not use algorithm trading? is easy
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May I know what is "algorithm trading" ? Thanks.
SUSlowya
post Feb 3 2015, 02:47 PM

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QUOTE(demolationz @ Feb 3 2015, 12:51 PM)
Cons : Change of leverage on weekends to 1:200
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if original 1:2000 to 1:200 does that mean margin call automatically on weekends?
poooky
post Feb 3 2015, 03:51 PM

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just curious guys, is forex totally illegal in msia? as in individuals cannot engage in any activities related to forex whatsoever? or are the laws only against companies that are unauthorized?

ie. if a person trades through brokers based in sg or us or where ever is it completely off limits for msians?
SUSlowya
post Feb 3 2015, 04:04 PM

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QUOTE(poooky @ Feb 3 2015, 03:51 PM)
just curious guys, is forex totally illegal in msia? as in individuals cannot engage in any activities related to forex whatsoever?  or are the laws only against companies that are unauthorized? 

ie. if a person trades through brokers based in sg or us or where ever is it completely off limits for msians?
*
if forex illegal, how do you exchange money in Malaysia?

how tourist pay you in ringgit?
Pinnacle1295
post Feb 3 2015, 04:05 PM

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QUOTE(poooky @ Feb 3 2015, 03:51 PM)
just curious guys, is forex totally illegal in msia? as in individuals cannot engage in any activities related to forex whatsoever?  or are the laws only against companies that are unauthorized? 

ie. if a person trades through brokers based in sg or us or where ever is it completely off limits for msians?
*
I really dunno. Last week I was at OCBC & enquired regarding opening a US$ Foreign Currency Account. The officer asked me the purpose & initially I told her for Equity Investment. Later I asked her whether if it is for Forex trading is it ok. Her reply was it is NOT ILLEGAL to trade forex unsure.gif unsure.gif

SUSlowya
post Feb 3 2015, 04:06 PM

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QUOTE(demolationz @ Feb 3 2015, 12:51 PM)
Cons : Change of leverage on weekends to 1:200
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Their reply:

» Click to show Spoiler - click again to hide... «


This post has been edited by lowya: Feb 3 2015, 04:06 PM
Alissa_1989
post Feb 3 2015, 04:10 PM

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QUOTE(Pinnacle1295 @ Feb 3 2015, 04:05 PM)
I really dunno. Last week I was at OCBC & enquired regarding opening a US$ Foreign Currency Account. The officer asked me the purpose & initially I told her for Equity Investment. Later I asked her whether if it is for Forex trading is it ok. Her reply was it is NOT ILLEGAL to trade forex  unsure.gif  unsure.gif
*
Some banks has forex trading license in Malaysia, that why you can do trading in that bank and it is legal in that case. For those companies that do not have Malaysia forex trading license are considered illegal in Malaysia.
Alissa_1989
post Feb 3 2015, 04:15 PM

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QUOTE(Alissa_1989 @ Feb 3 2015, 04:10 PM)
Some banks has forex trading license in Malaysia, that why you can do trading in that bank and it is legal in that case. For those companies that do not have Malaysia forex trading license are considered illegal in Malaysia.
*
At the bottom of this link,
http://www.bnm.gov.my/microsites/fraudalert/0203_forex.htm

you can see all the legal bank for forex in Malaysia.

Licensed onshore banks to conduct foreign currency trading in Malaysia are as follows:

Commercial banks
Islamic banks
Investment banks
International Islamic banks
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