anyone wired 5-figure amount (from US broker) into their saving account in m'sia before?
any tax?
Forex Version XVI, Foreign Exchange Market Discussion
Forex Version XVI, Foreign Exchange Market Discussion
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Jul 7 2015, 12:13 PM
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#1
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Senior Member
2,096 posts Joined: Oct 2007 |
anyone wired 5-figure amount (from US broker) into their saving account in m'sia before?
any tax? |
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Jul 24 2015, 10:34 AM
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#2
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2,096 posts Joined: Oct 2007 |
nice 100 pips gain from GJ last night... anyone selling?
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Aug 6 2015, 10:48 PM
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#3
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2,096 posts Joined: Oct 2007 |
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Sep 14 2015, 11:52 AM
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#4
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2,096 posts Joined: Oct 2007 |
QUOTE(KeroroQ @ Sep 13 2015, 02:24 PM) If you are disciplined and hardworking, half a year can kill market already Have you transfered 10k usd back to m'sia before? any issue?-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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Sep 14 2015, 01:17 PM
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#5
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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.
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Sep 15 2015, 03:05 PM
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#6
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still holding my sell for GJ... ~150pips...
[attachmentid=4949613] |
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Sep 15 2015, 05:42 PM
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#7
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2,096 posts Joined: Oct 2007 |
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Sep 16 2015, 05:47 PM
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#8
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2,096 posts Joined: Oct 2007 |
short GJ at 185.53... just trying some luck.
[attachmentid=4953924] |
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Sep 16 2015, 10:52 PM
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#9
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entered extra lots to hedge GJ at 186.00... closed at 186.90... lucky to gain small profits
open sell at 187.00 This post has been edited by cmk96: Sep 16 2015, 10:59 PM |
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Sep 17 2015, 10:16 AM
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#10
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2,096 posts Joined: Oct 2007 |
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... 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... 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. |
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Sep 17 2015, 12:53 PM
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#11
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QUOTE(kevler @ Sep 17 2015, 10:58 AM) yes ..need to have proper money management and good capital as well . why do you want 10-20 accounts? 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 . can you focus? |
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Sep 17 2015, 01:06 PM
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#12
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QUOTE(KeroroQ @ Sep 17 2015, 11:03 AM) yes great point here, the numbers are "too beautiful" sometimes, 99% win rate? wow... that's amazing... have you seen his account personally... i hope there is no "floating negative" trades hidden away...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 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. |
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Sep 17 2015, 03:40 PM
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#13
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2,096 posts Joined: Oct 2007 |
sell GJ 187.51...
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Sep 17 2015, 04:07 PM
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#14
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2,096 posts Joined: Oct 2007 |
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Sep 17 2015, 09:24 PM
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#15
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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 ). Since you ask about maybank... here is my proof... no problem with wire transfer from the US... 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[ btw, i'm not using XM... but it should be the same. [attachmentid=4958950] |
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Sep 17 2015, 09:54 PM
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#16
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2,096 posts Joined: Oct 2007 |
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Sep 17 2015, 10:13 PM
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#17
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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 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.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. So yeah, want to get it off my chest and be clear. Better safe than sorry. |
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Sep 18 2015, 05:47 PM
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#18
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Closed 2 swing trade GJ at 64 and 111 pips profit.
TGIF..... |
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Sep 23 2015, 08:42 AM
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#19
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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. Ask for transaction id from your broker. Check the date. Most probably the fund is send out late from the broker.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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Sep 24 2015, 05:23 PM
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#20
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now USD 1= RM4.41
good.... |
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