are u guys still selling on Euro against anything?
what about tips on other currency that's good for trade now?
Forex Version XIV, Foreign Exchange Market Discussion
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Jan 26 2015, 12:09 PM
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#1
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Junior Member
139 posts Joined: Jan 2008 From: Shah Alam, Selangor |
wta:
are u guys still selling on Euro against anything? what about tips on other currency that's good for trade now? |
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Jan 26 2015, 09:55 PM
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#2
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Junior Member
139 posts Joined: Jan 2008 From: Shah Alam, Selangor |
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Jan 27 2015, 08:54 AM
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#3
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Junior Member
139 posts Joined: Jan 2008 From: Shah Alam, Selangor |
QUOTE(9kingsir @ Jan 27 2015, 05:53 AM) i suggest go proper channel for deposits and redrawal. without local IB, the central bank won't be suspicious? Do not use Local ib for deposit and redrawal. Even exclusive IB .. i still prefer my clients deposits usig proper channels. Just pay the few %.. sure can earn back.. 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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Jan 27 2015, 03:57 PM
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#4
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Junior Member
139 posts Joined: Jan 2008 From: Shah Alam, Selangor |
QUOTE(9kingsir @ Jan 27 2015, 02:52 PM) Frozen account can be due to suspicious deposits.. so u mean there's no danger at all if we deposit and withdraw directly with brokers? BNM wouldn't care as long it isn't 200k withdrawal?Inland Revenue Board = IRB = Income tax.. check your revenue undeclared Bank Negara Malaysia = BNM = deposit & redrawal ... Check whether your deposits and redrawal is legal or not.. BNM checks whether u put 10 million into forex brokers but no trading.. later redraw and say u profit in forex.. so this is illegal and can be frozen.. can i join your group and subscribe to your signals? |
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Jan 27 2015, 06:08 PM
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#5
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Junior Member
139 posts Joined: Jan 2008 From: Shah Alam, Selangor |
QUOTE(sleepwalker @ Jan 27 2015, 05:26 PM) And when you withdraw they'd charge you 3.6 per usd, so overall their spread is higher. I was referring to both ends of the exchange rate.. aka the difference.. aka.. their spread which is much bigger. owh...but the IB my friend intro me charges 3.6 for deposit and 3.2 for withdrawalI know what a spread is and it is used in this context to also highlight the bigger difference in buy/sell that the IB will charge you. |
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Jan 28 2015, 09:30 PM
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#6
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Junior Member
139 posts Joined: Jan 2008 From: Shah Alam, Selangor |
hi...u guys think USD will go strong against Euro tonight? good time to sell?
there's several news that will impact USD growth tonight at 12.30am and 4am |
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Jan 30 2015, 10:08 PM
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#7
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Junior Member
139 posts Joined: Jan 2008 From: Shah Alam, Selangor |
QUOTE(sleepwalker @ Jan 27 2015, 07:49 PM) That was most probably last month before the USD skyrocket and the ringgit fell. Some IBs have revised to 3.85/3.65 for this month. Your friends IB with a 40 cents spread is a rip-off. IB's will never charge you a lower exchange rate than current bank rates because they need to transfer your money over to the broker too. got message from my IB today. 3.9 deposit and 3.6 withdrawal |
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Jan 30 2015, 10:56 PM
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#8
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Junior Member
139 posts Joined: Jan 2008 From: Shah Alam, Selangor |
u guys are awesome. my tutor said since it's the beginning of the year, not advisable to trade on monday, tuesday and friday. these 3 days are used to study the market movement because this days are giving false signal and only open position on wednesday and thursday. so i didn't open any position today. i'm betting on USD/CAD to drop after the spike earlier. good moves? |
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