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 Forex Version XVI, Foreign Exchange Market Discussion

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emptycube
post Aug 4 2015, 11:23 AM

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QUOTE(joelyt @ Aug 4 2015, 11:22 AM)
I have balance in my card too.. will go try if can withdraw out later..
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yeah, im planning to try withdraw once fund cleared. do update us.


joelyt
post Aug 4 2015, 11:24 AM

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QUOTE(emptycube @ Aug 4 2015, 11:20 AM)
can help to print screen that part as im now fxprimus client.
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joelyt
post Aug 4 2015, 11:25 AM

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QUOTE(yan7 @ Aug 4 2015, 11:16 AM)
fxprimus account page has announced it in withdrawal page
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bro, so how do you withdraw now ? skrill or neteller ?
KeroroQ
post Aug 4 2015, 01:10 PM

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Great morning, great AU, wahhaha have a great day guys
poks
post Aug 4 2015, 01:16 PM

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Aud... just nice...

p/s: audjpy.....

This post has been edited by poks: Aug 4 2015, 01:23 PM
9kingsir
post Aug 4 2015, 01:38 PM

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QUOTE(poks @ Aug 4 2015, 07:16 AM)
9Kingsir... are you managing fund?
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drool.gif icon_rolleyes.gif
cybermaster98
post Aug 4 2015, 01:38 PM

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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.

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.
So in your opinion, where do you see the Ringgit heading in the next 3-6 months against the USD, Euro and SGD?
9kingsir
post Aug 4 2015, 01:42 PM

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QUOTE(emptycube @ Aug 4 2015, 11:13 AM)
bro, payoneer no longer allowed in Malaysia? confirmed info?

Darn, i just withdraw about 500USD load into the card.
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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.

U can use skrill, netteller or Youpay

sleepwalker
post Aug 4 2015, 01:48 PM

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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?
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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.
yan7
post Aug 4 2015, 01:55 PM

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QUOTE(Zanmai0146 @ Aug 3 2015, 09:43 PM)
Bad us data ahead.
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how you know ?
Zanmai0146
post Aug 4 2015, 02:14 PM

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QUOTE(yan7 @ Aug 4 2015, 01:55 PM)
how you know ?
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Economic calendar
carrer
post Aug 4 2015, 02:40 PM

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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.
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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
joelyt
post Aug 4 2015, 02:51 PM

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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.

U can use skrill, netteller or Youpay
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sir,

which is a better option among those 3 ? have you tried yuupay ? will the transaction be blocked by our local banks ?
poks
post Aug 4 2015, 03:12 PM

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Fxprimus : just wire your money cannot?
joelyt
post Aug 4 2015, 03:19 PM

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QUOTE(poks @ Aug 4 2015, 03:12 PM)
Fxprimus : just wire your money cannot?
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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.
carrer
post Aug 4 2015, 03:23 PM

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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.
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Cannot withdraw from local IB or agent?
sleepwalker
post Aug 4 2015, 03:34 PM

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QUOTE(carrer @ Aug 4 2015, 03:23 PM)
Cannot withdraw from local IB or agent?
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I'm not sure if they can help you if you are not part of their downlines. It all depends on the arrangement of how IBs are setup by the brokers.
9kingsir
post Aug 4 2015, 04:16 PM

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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.
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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..


9kingsir
post Aug 4 2015, 04:19 PM

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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.
*
wire transfer from a broker from fxprimus to localbankmight have difficulties becos bank consider fxprimus is a foreign currency broker..

use neteller is u wan use their card to redraw from local ATM.. netteller got local exchanger..



carrer
post Aug 4 2015, 04:24 PM

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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..
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That means many Malaysians are trading with Fxprimus.

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