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 Forex Version XVI, Foreign Exchange Market Discussion

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9kingsir
post Sep 17 2015, 07:59 PM

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QUOTE(13aby @ Sep 17 2015, 05:48 PM)
waiting for tonight 8.30pm and 2am  brows.gif  icon_rolleyes.gif  whistling.gif

Still trying to scalp NZDUSD  rclxm9.gif  rclxm9.gif  rclxm9.gif
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anyone want tipsfor do and dont for entry & exits? flex.gif bruce.gif
9kingsir
post Sep 17 2015, 08:56 PM

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QUOTE(TehO'Ice @ Sep 17 2015, 08:20 PM)
Hi guys, I'm new to trading. Started demo account on XM.com not long ago just to see how it goes and all. Recently, I've decided to deposit some money into my account. But here's the problem, I just found out that Forex Trading is illegal in our country, Malaysia ( correct me if i'm wrong ).

Here's what i want to know, since it is illegal, i'm pretty sure that depositing cash into your account using our local bank's credit/debit card is not allowed, am i right?

Anyone here trades using XM broker have and still depositing/withdrawing money into and from your account using Maybank? I would like to know if its against the law to do so as i do not want to get into trouble.
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ok....
As newbie.. please try to think for a sec... if its illegal and all are banned.. do u think all of us are still here" talking bullshit and blow water".... whahahahaha laugh.gif

no money to own account... how i can be FTT ( full time trader) for almost 6years.. include 2years++ as FM ( Fund Manager) with forex academy... hahaha.. got chance to advertise oso... sweat.gif

Sorry..

so your answer is NO to illegal unless u accept ppl mmoney in cash and Maybank have strict rules on foreign deposits.. they charge high too..
Its nothing against law ... u just cant speculate on physical money bills...means u cant holding any currency and walk around in malls asking ppl exchange currency with u..

u must have a liciense for that like money changer


9kingsir
post Sep 17 2015, 09:06 PM

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QUOTE(Pinnacle1295 @ Sep 17 2015, 08:17 PM)
Of course I want. Thank you in advance  thumbup.gif
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actually there is a time frame for entry and exits...

scalping methods....

in 1 hour.. there is can enter time...and dont enter time..


9kingsir
post Sep 17 2015, 10:11 PM

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QUOTE(TehO'Ice @ Sep 17 2015, 10:08 PM)
I'm more worried bout the deposit/withdraw issue here since i heard that its illegal. Even maybank's customer service told me that I shouldn't make payments to anything that has to do with forex  shocking.gif

I mean, what if i made my deposits and withdrawals to and from the foreign brokers and get caught by the bank managements and end up paying fine and jail sentence.  sweat.gif

So yeah, want to get it off my chest and be clear. Better safe than sorry.
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show trading report from broker verified... Bank negara doesnt care even with more than RM 200,000...as long bank dont classified it as money laundering or for terrorist money..
9kingsir
post Sep 17 2015, 10:31 PM

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QUOTE(TehO'Ice @ Sep 17 2015, 10:12 PM)
Great question, I would like to know as well.
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if you wanted to get few hundred buck in RM per month.. then probably 1kUSD is a good start..

newbie can start with usd 500...

USD 100 very fast MC without guide from guru.. so dont waste the USD 100..

Forex actually is bigboys game... investment in forex not a playground..


9kingsir
post Sep 17 2015, 11:40 PM

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QUOTE(xCALLUM @ Sep 17 2015, 11:17 PM)
So which bank you recommend to withdraw our money into?
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any of your local bank like cimb HL public
9kingsir
post Sep 18 2015, 12:55 AM

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2 position closed with profit 20pip each.. looking at FOMC statement, Fund rate and press conference at 2.00am and 2.30am later...

anyone have popcorns??

just look at the PA...
9kingsir
post Sep 18 2015, 02:21 AM

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QUOTE(13aby @ Sep 18 2015, 02:05 AM)
I tp GU at 90pips at 1.5600 rclxm9.gif
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rclxms.gif rclxms.gif rclxms.gif drool.gif drool.gif drool.gif drool.gif
9kingsir
post Sep 18 2015, 02:23 AM

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bet any on USD down.. u get 100pips
9kingsir
post Sep 18 2015, 02:56 AM

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QUOTE(13aby @ Sep 18 2015, 02:27 AM)
2.30am will happen again? Haha
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it happen
9kingsir
post Sep 18 2015, 06:40 AM

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eu 1.1425short
9kingsir
post Sep 18 2015, 06:40 AM

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Gu 1.5585 short
9kingsir
post Sep 18 2015, 07:26 AM

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QUOTE(13aby @ Sep 18 2015, 07:24 AM)
Short till around before it rise for the fed?
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eu i short till 1.1380

gu i short till 1.5560
9kingsir
post Sep 18 2015, 08:54 AM

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GU TP..
9kingsir
post Sep 18 2015, 09:42 AM

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GU newyork market dive..guessing only.. look at london market how it perform first
9kingsir
post Sep 18 2015, 10:29 AM

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QUOTE(poks @ Sep 18 2015, 10:18 AM)
If you're just starting, $100 deposit will be a good idea to feel the feeling of account burning..

After couple of years, turning $100 to $1000 will be no problem after your trading system develops consistency.

Keywords: couple of years & consistency (no short cut for those who think can get rich overnight from forex)
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if only the plan works...

consistency to lose oso got ppl keep coming..

so basically u need icon_question.gif
9kingsir
post Sep 18 2015, 10:39 AM

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to newbies.. do u know why USd 100 doesnt work..even after few years ..u still will be in the dark?

answer is...... u fail and burst every time u put in 100USD...
strategy like 1:2 oso die.. cos once u kena 1 time SL.. everything goes haywire especially your margin levels..

no 100% win.. means u need consecutively profit 10 days in order your account grow.. if not.. bye2 to your account..

How the hell a newbie without help can profit 10days consecutively???

9kingsir
post Sep 18 2015, 12:59 PM

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QUOTE(kevler @ Sep 18 2015, 12:28 PM)
i got margin call on 2 of my trading accounts , another balance 3 accounts survives .

need to do post mortem on this 2 accounts . frankly it might be wrong analysis and calculations. my mistakes .

lesson learned . nevertheless ..i have transferred earlier , some profit money of 1st account to another 3 accounts respectively, thus i wont feel that sad much..huhu.

will create new account to perform the trading next week.
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y MC? which pair make u MC?

u played few pair at same time? hmm.gif shakehead.gif shakehead.gif
9kingsir
post Sep 18 2015, 02:21 PM

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How to calculate risk reward?

this comment doesnt serve any condemning..

if a risk is taken at 2% per tarde...

let calculate...

if newbie throws in deposit USD 100... and play the 0.01 per piplet (1/10 pip) .. that mean SL will be at 20pips..

if you are playing swing and high volatility pairs... then 20pips is not enough to tahan the heat..easy 90% of the time will hit SL

if u kena SL few times.. your margin become lesser and no strategy can be done to save the account..

even at the time you saw a good pair to enter oso cant.. system wont allow u to open another position due to margin level..

that y 100USD is very little and mostly will MC or burst account..
9kingsir
post Sep 18 2015, 02:24 PM

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QUOTE(poks @ Sep 18 2015, 02:04 PM)
tak jadi... the other side now  biggrin.gif
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i believe that you have EMA 5,13,50 or 200

EU is holding and UCad is consolidating at this moment.. should not enter when its not clear direction

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