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 Forex Trading Corner, Let's discuss forex strategy

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jack2
post Jan 20 2008, 12:23 AM

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QUOTE(kurtkob78 @ Jan 20 2008, 12:15 AM)
I'm using pfgfx and interbankfx. pfgfx got profit. but only 1 time trade profit, then trade loss loss and loss again
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I think you should try and test with virtual account first.

Forex is not easy. Patient is needed.
jack2
post Jan 25 2008, 02:10 AM

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Heard that BNM is doing something and wanna to catch those who play forex.

I have one friend and his bank account was frozen when he remitted his forex fund back to Malaysia.
jack2
post Jan 25 2008, 02:36 AM

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QUOTE(woopypooky @ Jan 25 2008, 02:32 AM)
what ur fren saying is true? i thought FOREX trading in oversea is legal?
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It is legal. The problem might arise when we remit the money back. BNM may kacau and on hold to investigate where you got the fund for AML checking.

My friend now is under court case. He is student and the money he remitted is hundred thousand RM.
jack2
post Jan 25 2008, 10:35 AM

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QUOTE(rstusa @ Jan 25 2008, 10:08 AM)
Your friend should provide profit statement, tax form and any other documents from his forex broker and then submit to the gov, so that it has a proven. My friend is a tax consultant in one of the company, he said malaysian earn money from oversea is legal and the fund remitted back to malaysia is non-taxable.
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He was suspected in doing money laundering as he is a student and should not have so much money flow in. Even he proved so, he was charged under court case.
jack2
post Feb 1 2008, 03:07 PM

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QUOTE(normeck @ Feb 1 2008, 12:32 PM)
fxopen...scam company...heheheh!
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yeah, many bad news about them recently on spike issue, money gone and set to zero when clients made huge profits without any explanation.

Accounts were disabled and money forfeited. I think that if clients break the rules, money should not be forfeited.
jack2
post Feb 2 2008, 10:12 AM

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QUOTE(billytong @ Feb 1 2008, 08:24 PM)
Especially when you start earning mega profits from the broker. They will show their true evil face.

Why? Because most broker know that 90% of the traders lose money, so they take opposite of the trade of what you take. Thats the only way the rob your money and make money.

There are quite a number of broker I read in the forum do this. I suggest you quit them and go for the big ones. The big ones never do this because they have big clients + they charge quite exp on spreads. Thats where there earn money. OR you can just go for ECN commission base brokers such as dukascopy or interactive brokers.
but then, for those brokers may be someday I'm rich & much more skillful enough that I might open one acc with some Game money and start making killer ROI to rip them off with GbpJpy. brows.gif
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Thanks for the comment.

I didn't join them since beginning. I read from somewhere else about fxopen and i judge based on my reading.
jack2
post Feb 3 2008, 12:43 PM

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QUOTE(billytong @ Feb 3 2008, 12:33 PM)
If you are going for FXCM, open HSBC acc, they are base on HSBC bank.(except FXCM USA branch for USD which is base on Bank of America) I like this because I dont get interbank fees charged when my money go there. I tried UOB and bankwired to my FXCM acc, I dont get the exact amount I bankwired, they had minus some money just to transfer between diff banks.  mad.gif
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FXCM US uses Bank of America. Can we choose to open account with FXCM in other countries other than US?
jack2
post Feb 3 2008, 02:17 PM

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QUOTE(normeck @ Feb 3 2008, 02:11 PM)
what about Public Bank?...debit card on Public bank?....
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Never heard that they accept debit card. Their web states credit card only. I don't think debit card is accepted since it involves of international transfer.
jack2
post Feb 3 2008, 08:30 PM

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Last week I tested one new method, out of the 26 trades traded, all were in profits with no loss. Closed and earned total 124 pips. rclxms.gif
jack2
post Feb 3 2008, 11:12 PM

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QUOTE(low yat 82 @ Feb 3 2008, 10:46 PM)
mind tell me more ab it? got islamic also ka?? can show me d link?

Added on February 3, 2008, 10:48 pm
u might wan to write down d time n date u do d trade.. n also d announcement at that time... it can b usefull next time wink.gif
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Hmmmm.... it can be seen from the report. Btw, I do not trade during news. Risky.
jack2
post Feb 4 2008, 08:11 AM

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QUOTE(jenny03 @ Feb 4 2008, 06:02 AM)
how much need to deposit inside FXCM before i can start trade?
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IF not mistaken = $250
jack2
post Feb 4 2008, 10:48 AM

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QUOTE(normeck @ Feb 4 2008, 10:21 AM)
PO = pending order....
about stop lost...i also dont play that s/L...i take profit and in my term "tapau"....i always tapau back when it goes negative ...seldom used stop lost...like billy said...
i just said S/L because almost everybody playing S/L...

for now i "tapau" GJ from 209.xx.....2 lot somemore...wakakakak!!!
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You short GJ ka?
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