Bullish usd for next week... Wheeeeee <3
Forex Version XV, Foreign Exchange Market Discussion
Forex Version XV, Foreign Exchange Market Discussion
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Jun 27 2015, 11:15 AM
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#81
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1,080 posts Joined: Oct 2010 |
Bullish usd for next week... Wheeeeee <3
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Jun 28 2015, 05:46 AM
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#82
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QUOTE(emptycube @ Jun 28 2015, 01:30 AM) Nope, pure price movement scalping. If arbitrage trading, my account will be banned. Ive verified with the broker and they are perfectly fine with it. Which broker are u using?How it works is based on previous hourly (up to the last 24 hours) highest and lowest price. Upon breakout than scalp. Hence the reason need to have ecn account, but ecn account commission does take a bunch of my earnings so far. |
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Jun 28 2015, 06:10 AM
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#83
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QUOTE(emptycube @ Jun 28 2015, 06:01 AM) Sorry, was on mobile view and I don't click into your link. Somehow I agree with u on June is bit slow. But the first week of June is awesome. Make good money from there, but when Greece case came into discussions. It turns side way. Sigh.If I'm not mistaken we have nfp in this coming week. From every point of economic view, I'm expecting "worst than expected" result from nfp |
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Jun 28 2015, 06:24 AM
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#84
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QUOTE(emptycube @ Jun 28 2015, 06:18 AM) Exactly bro, made about 12% absolute gain on early june ended up 7% absolut gain late last week. Anyhow, im trading nfp on my fxpro acc, has been with North Finance till it was bought over by fxpro..hence my news trading acc with them, but moved about 50% of my equity to robo for automated trading. Making some coffee money too last week. Expecting good July ahead. Hehehe Aiyo. Don use robot la bro. Not worth it, scare u wake up someday balance turns to zero. |
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Jun 28 2015, 07:05 AM
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#85
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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. Personal preference la. Good to hear that u making money too but I still prefer manually. Since I'm full time trader, can 90% monitor my position everyday. |
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Jun 28 2015, 02:46 PM
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#86
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QUOTE(hdr088 @ Jun 28 2015, 02:43 PM) Hi Yes, swap free account no need pay. Currently one of my student having swap free account. So envy him, hold for few days no swap charges. 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, 03:45 PM
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#87
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1,080 posts Joined: Oct 2010 |
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Jun 28 2015, 09:10 PM
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#88
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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. Normally I use local depositor that link with broker. $1500/day max from my broker. So daily about MYR5000. Slowly withdraw. 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. 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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Jun 28 2015, 10:05 PM
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#89
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QUOTE(xtreme82 @ Jun 28 2015, 09:30 PM) Thanks Zanmai for the quick reply. If i remember correctly, you are using fxcm broker ? I'm using xm.com it's on my signature below.As i check in the forex factory, is quite dangerous to declare as source income from forex. i don't mind paying tax as long as i am not investigate under money laundering. LOL. Thought i am not earning but would like to play safe. |
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Jun 28 2015, 10:05 PM
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#90
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QUOTE(carrer @ Jun 28 2015, 09:32 PM) 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. Xm.com my signature have the link.My advice is to park your money overseas. Singapore is good. Which broker are you using? |
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Jun 28 2015, 10:10 PM
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#91
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QUOTE(xtreme82 @ Jun 28 2015, 10:01 PM) If i reach a 6 digit level will definitely park there. LOL.. but so far earning enough for monthly expenses. Prefer Swiss more than sg. If u can earning that amount, it will be an issue for withdrawal. There's lot of trick u can do in forex. Just depends how you wan to deal with it. |
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Jun 28 2015, 11:00 PM
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#92
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QUOTE(xtreme82 @ Jun 28 2015, 10:13 PM) Should i said for now is not an issue to withdraw amount less than RM 30k per month, breaking it into smaller amount maybe each transaction 3-5k ? using local bank or credit card. One of my friends, withdrawing everyday. U will have problem soon. BNM will call u. Just wait... Confirm 100% Then pls make sure your broker provide all the forex statement. Else u will be in deep trouble. Assets got frozen not funny. |
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Jun 29 2015, 12:09 AM
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#93
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QUOTE(xtreme82 @ Jun 28 2015, 11:10 PM) In that case if i am able to provide monthly forex statement they are good with it? Your friend got no issue with them saying is forex trading income? Yes, you are correct. As long not money laundering, is like online gambling. They are illegal in Malaysia but still legal in oversea. So if your source of money is proven. Then you are fine. |
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Jun 29 2015, 06:39 AM
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#94
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Good week ahead. Woke up by then Euro drama finally end. Impressive drop.
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Jun 29 2015, 07:10 AM
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#95
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Jun 29 2015, 09:08 AM
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#96
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Jun 29 2015, 09:13 AM
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#97
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Jun 29 2015, 09:26 AM
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#98
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QUOTE(Ramjade @ Jun 29 2015, 09:19 AM) Just out of curiosity, since forex money is from overseas, it cannot be taxed by malaysian IRB right? So you guys declare income tax in the country the exchange is based? 1. The tax already covered by broker itself. So whatever u get is legal in their end. Something like Bursa Malaysia, you profit from share market and u can withdraw no problem. Even if u earn 100k in few days, you no need to declare tax, because the broker already cover for you. You just need to provide the statement when BNM come and find you. How you guys apply loan to buy house like that? Then if bank negara come find you, you provide proof that you are getting money from forex, they leave you alone despite it is illegal in Malaysia? Sorry for long question. 2. Apply loan? Forex trader all buy cash lor. Hahaha joking aside. As long you proven track record for 3 years or continuously pay for income tax, you can declare and get a loan for that or else just fix deposit? Depends how is your credit record. 3. You are investing not gambling. Even is online gambling, they don't care. They just care MYR outflow to other country and some sort of money laundering. As long got PROOF OF INCOME. This is important. Else all your cash will be frozen by BNM. |
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Jun 29 2015, 09:28 AM
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#99
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QUOTE(-Davidoff- @ Jun 29 2015, 09:25 AM) Hi all, I'm using xm.com. Refer to my signature.Need help from all experience trader base in Malaysia. Which broker provides the most convenient way of deposit and withdrawal with low transaction fees? Easy deposit and withdrawal. No transactions fees required. All are FOC for deposit and withdrawal. |
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Jun 29 2015, 09:42 AM
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#100
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