QUOTE(joelyt @ Aug 4 2015, 11:22 AM)
yeah, im planning to try withdraw once fund cleared. do update us.Forex Version XVI, Foreign Exchange Market Discussion
Forex Version XVI, Foreign Exchange Market Discussion
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Aug 4 2015, 11:23 AM
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180 posts Joined: Apr 2008 |
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Aug 4 2015, 11:24 AM
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28 posts Joined: Nov 2013 |
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Aug 4 2015, 11:25 AM
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28 posts Joined: Nov 2013 |
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Aug 4 2015, 01:10 PM
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Senior Member
747 posts Joined: Aug 2010 From: KL |
Great morning, great AU, wahhaha have a great day guys
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Aug 4 2015, 01:16 PM
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Senior Member
1,567 posts Joined: Nov 2005 From: Ppg, Sbh. |
Aud... just nice...
p/s: audjpy..... This post has been edited by poks: Aug 4 2015, 01:23 PM |
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Aug 4 2015, 01:38 PM
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1,299 posts Joined: Nov 2010 |
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Aug 4 2015, 01:38 PM
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Senior Member
4,440 posts Joined: Jan 2010 From: Kuala Lumpur |
QUOTE(sleepwalker @ Aug 4 2015, 11:23 AM) They are unlikely to intervene as the USD is still the most sought after currency even with worldwide payment being done electronically. While we have a weak ringgit, the USD is not at a historical high against other major currencies. Most of the currency pairs like EUR/USD, AUD/USD, USD/JPY and GBY/JPY are all around halfway between highest and lowest ever. The US Dollar index against the basket of currencies is around 97. Historical low around 70 (2008) and high around 120 (2001). Even the dollar index is around halfway point between highest to lowest. So in your opinion, where do you see the Ringgit heading in the next 3-6 months against the USD, Euro and SGD?Most members here are spot traders and would seldom hedge since most trades are very short term reacting to recent news and events. And the funniest thing here is that almost all spot traders here are dealing only in USD with our brokers so the falling ringgit is actually beneficial to us. Not sure how we can help you here. |
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Aug 4 2015, 01:42 PM
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1,299 posts Joined: Nov 2010 |
QUOTE(emptycube @ Aug 4 2015, 11:13 AM) bro, payoneer no longer allowed in Malaysia? confirmed info? Fxprimus discontinue the service for payoneer...if you have the card..u still can redraw out funds.. but from your account panel.. u cant transfer fund from fxprimus to payoneer anymore.Darn, i just withdraw about 500USD load into the card. U can use skrill, netteller or Youpay |
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Aug 4 2015, 01:48 PM
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Staff
5,568 posts Joined: Jan 2003 From: the lack of sleep |
QUOTE(cybermaster98 @ Aug 4 2015, 01:38 PM) So in your opinion, where do you see the Ringgit heading in the next 3-6 months against the USD, Euro and SGD? That's the problem.. We don't bother with fundamentals of the Ringgit as we don't trade it. We put our money in USD with the brokers and trade with it. Win/Loss comes in the form of USD. Ringgit is now considered reaching all time low against the Dollar due to both ringgit weakness and dollar strength. We don't see the dollar losing grounds until after the interest rates are confirmed and priced in. That means its all about the ringgit itself and it is being speculated back in 1997 again. 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. |
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Aug 4 2015, 01:55 PM
Show posts by this member only | IPv6 | Post
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246 posts Joined: Nov 2007 |
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Aug 4 2015, 02:14 PM
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1,080 posts Joined: Oct 2010 |
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Aug 4 2015, 02:40 PM
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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 |
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Aug 4 2015, 02:51 PM
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Junior Member
28 posts Joined: Nov 2013 |
QUOTE(9kingsir @ Aug 4 2015, 01:42 PM) Fxprimus discontinue the service for payoneer...if you have the card..u still can redraw out funds.. but from your account panel.. u cant transfer fund from fxprimus to payoneer anymore. sir,U can use skrill, netteller or Youpay which is a better option among those 3 ? have you tried yuupay ? will the transaction be blocked by our local banks ? |
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Aug 4 2015, 03:12 PM
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Senior Member
1,567 posts Joined: Nov 2005 From: Ppg, Sbh. |
Fxprimus : just wire your money cannot?
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Aug 4 2015, 03:19 PM
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Junior Member
28 posts Joined: Nov 2013 |
QUOTE(poks @ Aug 4 2015, 03:12 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. |
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Aug 4 2015, 03:23 PM
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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. Cannot withdraw from local IB or agent?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. |
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Aug 4 2015, 03:34 PM
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Staff
5,568 posts Joined: Jan 2003 From: the lack of sleep |
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Aug 4 2015, 04:16 PM
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Senior Member
1,299 posts Joined: Nov 2010 |
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. 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...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. then goes hong leong bank.... all payment gateway like paypal, Western union, ECB, skrill, payoneer, netteller, yuupay transaction will passthrough.. but with terms.. |
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Aug 4 2015, 04:19 PM
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Senior Member
1,299 posts Joined: Nov 2010 |
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. wire transfer from a broker from fxprimus to localbankmight have difficulties becos bank consider fxprimus is a foreign currency broker..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. use neteller is u wan use their card to redraw from local ATM.. netteller got local exchanger.. |
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Aug 4 2015, 04:24 PM
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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... That means many Malaysians are trading with Fxprimus.then goes hong leong bank.... all payment gateway like paypal, Western union, ECB, skrill, payoneer, netteller, yuupay transaction will passthrough.. but with terms.. |
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