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 Forex Version XIV, Foreign Exchange Market Discussion

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Pinnacle1295
post Jan 8 2015, 01:23 PM

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QUOTE(9kingsir @ Jan 7 2015, 05:11 PM)
higher leverage mean u can play higher rate even ur account doesnt have that kind of money...

account A have USD 1000 1:500
account B have USD1000 1: 50

account A can play rate @ 2.00 on 1 pair
account B cant play rate 2.00 on 1 pair

hence profit is different even pips gains are same
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You mean to say for the same amount of pips gained the profit in $ is different for 2 different account with different leverage? Are you sure about this?
Pinnacle1295
post Jan 8 2015, 02:43 PM

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QUOTE(Supreme1394 @ Jan 8 2015, 02:26 PM)
I believe he's saying that with a lower leverage, you can't open a bigger lot size comparatively. Hence lower lot sizes bring you in less profit for the same amount of pips gained for any trade.
Eg. Say a trade gains 10 pips, if you had opened a 1 lot size, you'll get $100. But if you could only open 0.1 lot size, you'll get only $10.
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Yes, that's what I thought too. The question by kimwee85 was referring to "same" lot size, that's why the answer was confusing. I would say your reply earlier was very clear to the point ;-). Anyway many thanks for all the comments & answers.

QUOTE(kimwee85 @ Jan 7 2015, 03:45 PM)
The question is :
If i trade using same lot, will my Profit/Loss is the same if i using the same size for this 2 accounts?
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Pinnacle1295
post Jan 8 2015, 06:49 PM

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Need clarification on method of computation of ROI (Return-on-Investment).

Eg. If my deposit/capital is $10,000 and I SELL EUR/USD 1-minilot, thus the required margin is $100. So if upon closing that trade with profit $20 (i.e. 20-pips), what would be my ROI?

Is it based on deposit/capital ($20 divide $10,000 = 0.2% ROI) or based on "Required Margin" ($20 divide $100 = 20% ROI) for calculation?

Many times I have been asked what's my ROI & I really do not know which figure to quote.
Pinnacle1295
post Jan 8 2015, 07:31 PM

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QUOTE(demolationz @ Jan 8 2015, 07:22 PM)
Easiest way using Trade Explorer in FF or myFXbook.  sweat.gif
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Would you care to elaborate? Thanks!

Pinnacle1295
post Jan 10 2015, 10:23 AM

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QUOTE(demolationz @ Jan 10 2015, 12:33 AM)


Great! Thanks for the screenshot on the definition. Appreciate it very much.

Pinnacle1295
post Jan 25 2015, 07:39 PM

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Any one tried funding live account & making withdrawal using creditcard? May I know how does it work, especially on the withdrawal part. Thanks.

Pinnacle1295
post Jan 27 2015, 08:57 AM

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QUOTE(fix24311 @ Jan 27 2015, 08:54 AM)
without local IB, the central bank won't be suspicious? unsure.gif
i've heard cases where people assets' were frozen after the central bank knows they're into forex. for civilian in malaysia forex isn't exactly legal according to the central bank
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Whenever filling-up forms for wire-transfer (TT), just write "Equity Investment" instead of "Forex Trading" in the specified column.

Pinnacle1295
post Jan 27 2015, 05:04 PM

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QUOTE(sleepwalker @ Jan 27 2015, 04:55 PM)
When I said spread, I mean they their exchange rate (aka spread) his higher than the banks. For example if the bank rate now is 3.7, they might charge 3.8 per USD, that's RM0.10 more per USD. If you transfer USD1000, that's RM100 difference and more than the bank would charge you for wire transfer. You get what I mean now?
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Exchange Rate = Spread ??
doh.gif doh.gif doh.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.
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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
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.

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?
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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

Pinnacle1295
post Feb 5 2015, 07:35 AM

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QUOTE(9kingsir @ Feb 5 2015, 07:33 AM)
BY the time finish discuss.. u can sing the song.. its too late to apologise..hahaha
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thumbup.gif thumbup.gif thumbup.gif

Pinnacle1295
post Feb 5 2015, 03:18 PM

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QUOTE(louiehky @ Feb 5 2015, 11:38 AM)
yay~new thread~

I'm looking forward to long GBP/USD once H4 candle close abve 1.5243, tp level would b around 200pips, any opinion?
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I am SHORT on GBP/USD for intermediate-to-long term basing on D1 & W1 charts.


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