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 Forex Version XVI, Foreign Exchange Market Discussion

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cmk96
post Jul 7 2015, 12:13 PM

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anyone wired 5-figure amount (from US broker) into their saving account in m'sia before?

any tax?
cmk96
post Jul 24 2015, 10:34 AM

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nice 100 pips gain from GJ last night... anyone selling?
cmk96
post Aug 6 2015, 10:48 PM

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QUOTE(jurkflash @ Aug 6 2015, 10:22 PM)
u guys got any advise on GBP/JPY?
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Sell. rclxms.gif
cmk96
post Sep 14 2015, 11:52 AM

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QUOTE(KeroroQ @ Sep 13 2015, 02:24 PM)
If you are disciplined and hardworking, half a year can kill market already laugh.gif
-Transfer below USD10K should not trigger any alarms, more than that I think BN will call you to enquire some stuff
-Yes, I have an account with them, funds are safer than any other bucket shop brokers around, try OANDA too
-OANDA, AXI, Dukascopy

-depends on the broker
-depends on the broker
Some broker cover charges on deposits but charge on withdrawals
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Have you transfered 10k usd back to m'sia before? any issue?
cmk96
post Sep 14 2015, 01:17 PM

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hmm... seems i'm the one using maybank for deposit n withdraw... it took 3-5 working days to appear in my maybank... consider ok to me... and they will send a letter to inform me where the money is from.... amount, broker, country and sender's bank info are stated"... good to show LHDN if they ask.
cmk96
post Sep 15 2015, 03:05 PM

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still holding my sell for GJ... ~150pips... hmm.gif

[attachmentid=4949613]


cmk96
post Sep 15 2015, 05:42 PM

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QUOTE(KeroroQ @ Sep 15 2015, 03:56 PM)
Nice entry brother brows.gif
I'm waiting on GU hohoho nice price to sell, wait closing laugh.gif
*
Closed my trade at 184.45... 147 pips profit smile.gif

That's all for today... happy trading!

This post has been edited by cmk96: Sep 15 2015, 05:46 PM
cmk96
post Sep 16 2015, 05:47 PM

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short GJ at 185.53... just trying some luck.

[attachmentid=4953924]


cmk96
post Sep 16 2015, 10:52 PM

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entered extra lots to hedge GJ at 186.00... closed at 186.90... lucky to gain small profits wink.gif

open sell at 187.00

This post has been edited by cmk96: Sep 16 2015, 10:59 PM
cmk96
post Sep 17 2015, 10:16 AM

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QUOTE(hehe86 @ Sep 17 2015, 12:38 AM)
hmm... let say i wanna aim for 1k USD every month, so i need to know no of trades i need to do based on my trading method with risk reward ratio of 1:2 and risking either 10USD or 50 USD per trades...
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from my experience, the calculation are mostly wrong... its not the number of trades per month that you need to worry... its the number of "correct trades" that counts... no one can be correct 20 or 30 trades straight... if there is.. he/she will be a 100% profit trader all year round... biggrin.gif

my advice to you is... have a proper funding... check your pairs value per pip... trade a consistent method by checking the history record... dun belif in rumours.
cmk96
post Sep 17 2015, 12:53 PM

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QUOTE(kevler @ Sep 17 2015, 10:58 AM)
yes ..need to have proper money management and good capital as well .

like me ..I'm trading for 24hrs by 5 days now . and not necessarily check the graph all the time ..i just check from time to time and when news arise , i will check to see how my trading performs .
the reason why i do this , is because i want spend my time more with my kids and not put my emotions while trading.

another reason is i want to focus on elliott wave counting and brush up my knowledge on EW so i don't need to be worried when market will free fall minimum my risk on trading .

gain more , minimum the risk.

keyword - consistency

minimum 10 usd per day is totally fine for me ..for 1 trading account.

imagine if i had 10-20 accounts at my disposal...thus i have to use MT4 multi terminal to manage it ..just like hedge fund manager does it all the time.

10 usd per day x 10 accounts x 20 days of trading per month == 2000 usd

i dont want to be millionaire . I just want to be financially freedom. no debt . i can travel anywhere i want without thinking too much about money.

luxury things is not my priority , but sometimes i buy it for my family .

fruit for thoughts .
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why do you want 10-20 accounts? hmm.gif

can you focus?
cmk96
post Sep 17 2015, 01:06 PM

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QUOTE(KeroroQ @ Sep 17 2015, 11:03 AM)
yes great point here, the numbers are "too beautiful" sometimes,
keeping a consistent approach and following your trade plan will
make you profitable in a long run... I've seen pro scalpers with
99% win rate and more than 30% return per month though, they are really good laugh.gif
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99% win rate? wow... that's amazing... have you seen his account personally... i hope there is no "floating negative" trades hidden away...

online results can be doctored easily to lure ppl to invest in them...

i have seen signals that claim 99% from using EA.... they show fantastic results... but not for long... when market dynamic changes... the lost is huge... important is to read the reviews from those who use the signals/EA... most often they could not produce the same profit result. doh.gif


cmk96
post Sep 17 2015, 03:40 PM

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sell GJ 187.51... smile.gif
cmk96
post Sep 17 2015, 04:07 PM

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QUOTE(13aby @ Sep 17 2015, 03:59 PM)
From or to? Haha
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from ofcoz.... dun follow me... too risky...haha
cmk96
post Sep 17 2015, 09:24 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[cool.gif? 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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Since you ask about maybank... here is my proof... no problem with wire transfer from the US...

btw, i'm not using XM... but it should be the same.

[attachmentid=4958950]
cmk96
post Sep 17 2015, 09:54 PM

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QUOTE(TehO'Ice @ Sep 17 2015, 09:45 PM)
hmm, what about withdrawing through Credit/Debit card and not wire transfer? Have you done it before?
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Same goes for the credit card... u should spend more time study on how to make profits... no issue with withdrawal as long as u give the correct information.
cmk96
post Sep 17 2015, 10:13 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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ic... then u better use another bank. dun let this stop u from forex. i hv been using it since i started trading many yrs ago.
cmk96
post Sep 18 2015, 05:47 PM

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Closed 2 swing trade GJ at 64 and 111 pips profit.

TGIF..... rclxms.gif rclxms.gif rclxms.gif
cmk96
post Sep 23 2015, 08:42 AM

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QUOTE(yan7 @ Sep 23 2015, 05:12 AM)
does anyone using fxprimus? i withdraw using allied wallet in the first time on this current account, my bank is maybank, it has been 8 days, however my credit/debit card do not receive any funds? anyone encounter this issue before? fxprimus said that they send the funds already.
need help !!
do i need to call maybank regarding this ? i check in maybank2u online, there is nothing about this
fyi, i am forced to withdraw using this method in this new account, by fxprimus. the funds is the initial deposited funds.
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Ask for transaction id from your broker. Check the date. Most probably the fund is send out late from the broker.
cmk96
post Sep 24 2015, 05:23 PM

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now USD 1= RM4.41

good.... rclxm9.gif

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