QUOTE(Zanmai0146 @ Jun 25 2015, 02:21 PM)
Where do you live? Around KL?Forex Version XV, Foreign Exchange Market Discussion
Forex Version XV, Foreign Exchange Market Discussion
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Jun 25 2015, 03:12 PM
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#41
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453 posts Joined: May 2015 |
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Jun 26 2015, 01:27 PM
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#42
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453 posts Joined: May 2015 |
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Jun 28 2015, 10:57 AM
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#43
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453 posts Joined: May 2015 |
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Jun 28 2015, 04:48 PM
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#44
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453 posts Joined: May 2015 |
QUOTE(hdr088 @ Jun 28 2015, 02:43 PM) Hi If you want swap free, go for Islamic account. They are swap free.Just wondering, just want to ask regarding swap http://www.fxprimus.com/en/instruments/swap-rates Currency Short Long EUR/USD 0.4 -1.9 suppose im going long and have 10,000 units (0.1 lot) 1) so if I am holding for 1 night, i will get charged for USD0.19 2) and supposed that the rate maintain the next day and i am still hold it thus my rate is USD0.19+0.19 = USD0.38 3) and just wondering if I have Swap free account, I dont to pay any, even if I hold for 1 year? are all my assumptions correct? Thanks for your time |
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Jun 28 2015, 05:57 PM
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#45
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453 posts Joined: May 2015 |
An old joke, just sharing in case you haven't watched.
https://www.youtube.com/watch?v=nB_2mW5BilA This post has been edited by carrer: Jun 28 2015, 05:58 PM |
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Jun 28 2015, 09:32 PM
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#46
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QUOTE(xtreme82 @ Jun 28 2015, 09:03 PM) Hi guys, just wondering if anyone can clear my mind on some noobie question. Being trying to search the forum but still can't get a concrete answer. Withdrawing more than 10K will definitely alert the BNM. But I am not sure if they are going to take any action. So far, never heard of any incident where BNM take actions on retail forex trader. Only heard of charges on those MLMs and capital poolings only. By the way, trading forex is illegal according to BNM's website unless you trade with the banks. Just got involve in trading forex recently and i find out that is not easy to withdraw money since forex trading is illegal in malaysia. If i am to withdraw money from my US broker FXCM using credit card will i be red flag by the BNM?? Did some searching at forex factory and lowyat forex forum. The answer i can find is to transfer money in small amount below RM10k each transaction. Is this true? What about those trading forex for earning 5 digit a month? I believe they are quite a number of EXPERTISE here like zanmai & keroro. My advice is to park your money overseas. Singapore is good. QUOTE(Zanmai0146 @ Jun 28 2015, 09:10 PM) Normally I use local depositor that link with broker. $1500/day max from my broker. So daily about MYR5000. Slowly withdraw. Which broker are you using?Alternative way, I withdraw using the debit card given from the broker but charges ridiculous Abit la. Like 5% on top. But even if u trigger Bank Negara, as long you have your statement from forex. You are legal source of income. They will come find u instead just pay some "tax" This post has been edited by carrer: Jun 28 2015, 09:32 PM |
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Jun 29 2015, 12:17 AM
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#47
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What BNM is concerned most is money laundering.
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Jun 29 2015, 11:29 AM
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#48
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