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 Forex Version XV, Foreign Exchange Market Discussion

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carrer
post Jun 25 2015, 03:12 PM

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QUOTE(Zanmai0146 @ Jun 25 2015, 02:21 PM)
No thru PM. If u wan to see. Come out have a cup of coffee and we share trading experience
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Where do you live? Around KL?
carrer
post Jun 26 2015, 01:27 PM

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QUOTE(pai3355 @ Jun 26 2015, 10:31 AM)
this month progress not as good as last month:
[attachmentid=4502356]
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Quite impressive. What strategy are you using?
carrer
post Jun 28 2015, 10:57 AM

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QUOTE(emptycube @ Jun 28 2015, 06:29 AM)
Nah, calculated risk, so far so good, i dont have time to monitor, hence i only traded manually on nfp. Not a fan of charting etc etc since im running my own business hence the time spent on there.
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Is your robot also trading news?
carrer
post Jun 28 2015, 04:48 PM

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QUOTE(hdr088 @ Jun 28 2015, 02:43 PM)
Hi  smile.gif

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  rclxms.gif
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If you want swap free, go for Islamic account. They are swap free.
carrer
post Jun 28 2015, 05:57 PM

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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
carrer
post Jun 28 2015, 09:32 PM

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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.

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.
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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.

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.

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"
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Which broker are you using?

This post has been edited by carrer: Jun 28 2015, 09:32 PM
carrer
post Jun 29 2015, 12:17 AM

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What BNM is concerned most is money laundering.
carrer
post Jun 29 2015, 11:29 AM

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QUOTE(Pinnacle1295 @ Jun 29 2015, 08:20 AM)
I am with FXCM. No problem withdrawing US$20K+ fund back into my saving account.
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If it is a one off thing, it should be fine. But if you are withdrawing USD20K every month, BNM will probably question you.

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