Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
5 Pages < 1 2 3 4 5 >Bottom

Outline · [ Standard ] · Linear+

 Forex Version XVI, Foreign Exchange Market Discussion

views
     
carrer
post Aug 3 2015, 01:18 AM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(Modric @ Aug 3 2015, 01:13 AM)
any FTT here ?

seeking advise/idea :
how to declare ur forex profit ?
*
What's FTT?

Usually from what I heard (as I have never withdrawn so much that would alert the BNM/IRD), you don't have to declare. Some said when the IRD/LHDM comes to you, you just have to show your statements of how you got the money.

Withdrawal of more than RM5k (per transaction) would alert the BNM.

But I still think you have to declare to the IRD. Would like to hear opinions from those who had experiences.
carrer
post Aug 3 2015, 01:54 AM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(Zanmai0146 @ Aug 3 2015, 01:38 AM)
Not true. Anything above RM500k within 1 year period only will trigger BNM. Below that? They don't give a damn at you. Even the 2million can go thru safely to Rosmah Affin Bank account.
*
They will allow the transactions. However, the financial institutions have to record or alert when a certain amount is reached.

I am giving an example from HSBC:
https://globalconnections.hsbc.com/us/en/to...-and-regulatory

"Financial institutions must identify occasional customers involved in transactions of MYR 50,000 and above, and customers involved in wire transfers of MYR 3000 or above."

"Banks are required to record the amount and purpose of all transactions above MYR 5000 in a bulk register. Transactions exceeding MYR 50,000 must be recorded on a separate form."

Although they did not mention of reporting to BNM directly but it is understood that whenever BNM does their checkings, they will looks at these recorded transactions.

As Zanmai said, it is better to keep your money overseas. Withdraw from local agents (cash). Now with 1MDB crisis and all, BNM might become stricter on transactions.

This post has been edited by carrer: Aug 3 2015, 01:59 AM
carrer
post Aug 4 2015, 02:40 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(sleepwalker @ Aug 4 2015, 01:48 PM)
As you can read from the news there is a rather large 'put' option for the ringgit priced at RM4. Politics are not helping either.
*
This alone will depreciate the ringgit further. Currency prices are driven mainly by sentiments. So, there is a possibility that the prices would touch RM 4/USD
carrer
post Aug 4 2015, 03:23 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(joelyt @ Aug 4 2015, 03:19 PM)
Fxprimus is blacklisted by BNM. That is what I was told by my bank on my recent transaction. My bank (CIMB) rejected the transaction and transferred it back to Fxprimus.

My previous transaction was successful tho, do not know what happened with fxprimus recently.

I was advised to use payoneer prepaid card. Had so issue ever since but too bad it is now discontinued =(.

Planning to get everything out and change broker.
*
Cannot withdraw from local IB or agent?
carrer
post Aug 4 2015, 04:24 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(9kingsir @ Aug 4 2015, 04:16 PM)
Fxprimus not blacklisted in terms of trading.. there was a few million flying through maybank few months back and was highlighted.. that was  then wire transfer / cc/dc was blocked...

then goes hong leong bank....

all payment gateway like paypal, Western union, ECB, skrill, payoneer, netteller, yuupay transaction will passthrough.. but with terms..
*
That means many Malaysians are trading with Fxprimus.
carrer
post Aug 4 2015, 09:23 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(9kingsir @ Aug 4 2015, 06:05 PM)
netteler got local exchanger... utransfer from netteler account to him.. then he transfer RM to your localbank.

Netteller is master card.. best use in CIMB and HSBC because the rate is ok and at their ATM got 1 panel stated Mastercard redraw.. other bank ATm might not have this button so make ppl confused how to redraw

if hundreds of thousand then use mastercard international card services... ask fxprimus directly bank in inside the card.. then u ask mastercard issu u credit and withdraw at local banks..must be in 1 go USD100k above
*
You mentioned earlier that you had withdrawn a big sum, so I am assuming that you have a large account. I am just curious if you are a scalper or a swing trader? If you are a scalper, do you experience stop-hunting by the broker?

Is there any problem when you mention Forex to BNM when you fill the form (for large withdrawals), or is there other words that you used, like "foreign investment" or "stock trading"?
carrer
post Aug 5 2015, 05:10 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(zamnrul @ Aug 5 2015, 04:15 PM)
so want to know u all stay with fxprimus?
*
Not everyone. I am not with fxprimus.
carrer
post Aug 6 2015, 01:08 AM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(poks @ Aug 5 2015, 10:23 PM)
Profit too good... closing positions happy.gif

Now shorting eurjpy for fun..
*
Looks like you made profit with GJ. I am still holding GJ.
carrer
post Aug 6 2015, 02:33 AM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(9kingsir @ Aug 6 2015, 02:06 AM)
profit today at 2598.60
*
USD or MYR?
carrer
post Aug 6 2015, 09:29 AM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(9kingsir @ Aug 6 2015, 05:20 AM)
we play in usd la.. blush.gif
*
Very good profit. thumbup.gif
carrer
post Aug 11 2015, 12:43 AM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(poks @ Aug 10 2015, 08:01 PM)
Ooohhhh.... ic
That means he is pretty good swinger trading..
*
biggrin.gif Funny

This post has been edited by carrer: Aug 11 2015, 12:44 AM
carrer
post Aug 16 2015, 11:08 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(doomvein @ Aug 16 2015, 02:43 PM)
Forex like baling dadu only. just with better risk reward. smile.gif . just trading like yolo style . find your trend. keep finding price where the market will moved by big player .if u have rm1000 go baling dadu rm100(total10% risk) and scaled the size like rm20 per level. you dont even need a chart but that another story.i am still using a chart to pinpoint market level.trusted me. indicator, candlestick pattern all bull shit lol.
if u lose rm100 just accept it.trade tomorrow  . dont fight against market. smile.gif

if u win so much money broker will scam you. unreasonable slippage.
so dont ever try to deposit more than rm10k at bucketshop broker like xm , exness , instaforex and so on.. rm5k enough.
and please avoid MLM style forex like forex united. that the mother of scammer smile.gif

or if u have more than 20k . go cimb at kl sentral find dukacopy office. and open account there. i dont have 10k so i dont know lol smile.gif

u can ask me anything here.
*
I didn't know that there is a Dukascopy office at KL sentral, thanks for the info. Correct me if I am wrong. If we open up a bank account with Dukascopy, we can use the same account to trade forex, is that correct?
carrer
post Aug 16 2015, 11:57 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(Zanmai0146 @ Aug 16 2015, 11:43 PM)
Dukascopy charge deposit USD200. Got this info from one of my clients which use Previously before transfer her funds to xm.

Not sure either one time charges or what. Might need to call them for verification.
*
Even if it is a one-time charge, it is high. Usually banks don't charge when you deposit.
carrer
post Aug 18 2015, 03:39 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(lepet @ Aug 18 2015, 03:34 PM)
What can CS pattern form at tf15 n 30?
*
Looks like it's going bear. But I am no candle stick expert.
carrer
post Aug 20 2015, 02:21 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(9kingsir @ Aug 20 2015, 12:31 PM)
Pm for serious in fund management
*
You mean to invest with you? If yes, mind sharing your myfxbook or something similar.

EDIT: Can PM me if you don't feel comfortable posting the details here.

This post has been edited by carrer: Aug 20 2015, 02:22 PM
carrer
post Aug 20 2015, 04:58 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(jesse2199 @ Aug 20 2015, 04:53 PM)
Hi there, what is the pros and cons about FxUnited forex trading?
*
Not sure about Pros, but one of their cons is their track record (myfxbook) is bad.
carrer
post Aug 20 2015, 05:53 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(9kingsir @ Aug 20 2015, 03:40 PM)
please check inbox with file attachment
*
I didn't receive your PM. I tried to PM you, did you receive my PM?
carrer
post Aug 20 2015, 06:54 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(9kingsir @ Aug 20 2015, 06:48 PM)
please provide email.. Pm something wrong
*
Done.
carrer
post Aug 20 2015, 07:57 PM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(9kingsir @ Aug 20 2015, 07:13 PM)
check mail
*
Your results are good and consistent. But from what I can see you are scalping right?

I will propose this to my cousin.
Can you let me know how much commission you take, is it 2-20 or something?
What is the average return?
Minimum deposit?

Thanks.
carrer
post Aug 21 2015, 12:35 AM

Casual
***
Junior Member
453 posts

Joined: May 2015
QUOTE(9kingsir @ Aug 20 2015, 10:43 PM)
send u details.. regards
*
Alright, Thanks.

5 Pages < 1 2 3 4 5 >Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0495sec    0.47    7 queries    GZIP Disabled
Time is now: 10th December 2025 - 12:57 AM