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 Forex Version XIV, Foreign Exchange Market Discussion

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Seng_Kiat
post Aug 10 2014, 05:16 AM

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guys,

is the money earned from Forex is taxable for malaysian?
Seng_Kiat
post Aug 10 2014, 09:08 AM

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QUOTE(kevler @ Jul 15 2014, 08:25 AM)
if u have capital around USD 300 minimum ..u should opt to FXCM platform .

i will move to FXCM later this year
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Why so? Isn't we can deposit fund as low as usd50 with fxcm?
Seng_Kiat
post Aug 10 2014, 12:05 PM

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guys,

i just started in forex. Registered account but not even approved yet ..

by the way, what is the chart software you using for candlestick?
Seng_Kiat
post Aug 10 2014, 07:30 PM

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thanks for suggestion.

By the way, I just open FBS account. Funded a small fund for trial. Do I need to submit any document before I can trade? or I can straight trade? Thanks.
Seng_Kiat
post Aug 10 2014, 10:08 PM

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QUOTE(highlowyat @ Aug 10 2014, 09:29 PM)
you can start trade. submit your document before u request withdrawal
but some brokers got different policy
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I see. Ok. TQ mate. smile.gif.
Seng_Kiat
post Aug 11 2014, 11:31 AM

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QUOTE(demolationz @ Aug 11 2014, 01:23 AM)
Use MT4  rclxms.gif
Done with babypips ?
*
I read through it.

by the way, can share which link in babypip should I focus on? biggrin.gif
Seng_Kiat
post Aug 11 2014, 03:00 PM

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Guys,

I have a questions as below:

I am using FBS broker through MT4. I can only see 9 pairs. So, I can only trade these 9 pairs currency. Am I correct?

======

Another scenario, Let say I have 2 accounts, one with FBS and another with FXCM.

In FBS account, I sell EU at value X.

After price drops by let say 15 pips, I buy EU at value Y.

In this situation, either market up or down, I am making money by 15 pips (before minus spread, say 3pips).

Is above situation usable? Am I wrong somewhere? Isn't this guarantee profit?

thanks.
Seng_Kiat
post Aug 13 2014, 01:33 PM

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hi guys.

how to calculate margin call? what is the formula?

balance
equity
margin
free margin
margin level (%)


Seng_Kiat
post Aug 14 2014, 10:00 AM

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Guys,

What is the meaning of:

Sell limit
Sell stop
Buy limit
Buy stop

Let say i hv placed and matched sell but the direction is going against my research. For hedging purpose, i want to buy at below market price. What should i put pending order, buy limit or buy order?
Seng_Kiat
post Aug 30 2014, 06:41 PM

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guys,

anyone here using avatrade broker? seems good to get 100% deposit on first deposit... biggrin.gif ..
Seng_Kiat
post Sep 2 2014, 01:54 PM

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guys,

anyone to share your scalping technique? what is your TP in pip? how many trade you open per day?
Seng_Kiat
post Sep 2 2014, 02:21 PM

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QUOTE(frontier008 @ Sep 2 2014, 02:01 PM)
to me financial freedom is when you don't need to work but there is still income flowing in and able to support your currently lifestyle (or better depends on what lifestyle you wish to have)...
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For me, financial freedom is someone who able to buy whatever he wants in this world. there is another terms which is Financial independent. Financial independent is someone who do not rely on their job/work to have a current lifestyle.

However, both of them have income flowing in to the accounts.
Seng_Kiat
post Sep 8 2014, 05:26 PM

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guys,

just asking. Being a newbie in this forex and trading demo is no fun. I opted for real account but in 2 weeks time, I have burned about USD600-700.

Over 2 weeks time, I found that my forex trading is not suitable. I tend to take small profit but lost in big. sad.gif.

Been a newbie, checking the graph or progress every hour is an habit and if possible, I want to open and close position everytime I look at graph.

I wonder how does full time trader trade. Some of them show their income in FB, forum, etc with capture, "after 5 hours of trading day" and so on. Are they really sitting in front of computer and watching the market movement? Don't you feel bored when there is no open position to take care?

Kindly guide me guys. biggrin.gif.

Thanks.
Seng_Kiat
post Sep 8 2014, 07:38 PM

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QUOTE(pai3355 @ Sep 8 2014, 05:43 PM)
Dont ever open a position everytime u open your forex platform.

Must see the graph, analyze and confirm 101% and then thats the right time to enter position.

If you already burned out your account dont be afraid to try it again via demo account. One day you can be successful like other traders.
*
thank you mate.

What are the things you see/read/check before you decide to enter a position?
Seng_Kiat
post Sep 9 2014, 05:18 AM

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QUOTE(9kingsir @ Sep 8 2014, 10:21 PM)
bro.. i think i have mention / advice you b4.... ur rates and playing strategy sure is based on gut feeling..
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you probably right but I think, my research is too limited. I have no idea rather than trend line.
Seng_Kiat
post Sep 9 2014, 05:43 AM

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QUOTE(demolationz @ Sep 8 2014, 11:29 PM)
2 years already since convert from InstaFX.
And Im one of the IB.  notworthy.gif
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Hi mate, I am attracted to the 200% cash back FXTM offering and thinking to register with FXTM. However, I have a few questions:

1. What is different between Standard account and Islamic Amanah ECN account?
2. Can I use the cashback to trade?
3. How long the cash back stay in my account?

Thank you.
Seng_Kiat
post Sep 9 2014, 10:00 AM

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QUOTE(haziqnet @ Sep 9 2014, 09:26 AM)
hahah he is the one who tell me to set my stochastic at 18,5,6 for pair without Asia currency and 14,5,6 pair with Asia currency...when i use this setting i can see more clear entry as the stochastic and the movement of the candle is 80% the same...so i can identify the entry much easier with the setting...he also teach me to look for candle pattern like engulfing, doji, hammer and so on to make ur entry become legit either its BUY or SELL...
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Hey mate. I am attracted with the bold part. to be honest, I have no idea what is it. biggrin.gif. Mind to elaborate more? icon_rolleyes.gif icon_rolleyes.gif
Seng_Kiat
post Oct 5 2014, 06:53 PM

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QUOTE(Love & Money @ Oct 5 2014, 12:18 AM)
I don't know why, but there are still plenty of people measuring performance based on absolute return, like "I made 1,000 or 5,000 today."

I am curious to know what's the capital used for such return.
If the capital used is 10,000,000, then 5,000 is just 0.05%, which is better off if the capital is kept in FD.
*
in FD, you need a year to get return. but in forex, it is 0.05% a day which is way better than FD. Just my 2 cent. biggrin.gif.


By the way guys, what would you think to USD? Will they continue the strength?
Seng_Kiat
post Oct 10 2014, 02:42 AM

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Hi Guys,

which one you guys prefer, swing to take 50-100 pips or scalping to 5-10 pips?
Seng_Kiat
post Oct 10 2014, 11:03 PM

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anyone here scalping 5-10 pips willing to share your technique? smile.gif

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