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 Forex Trading Corner, Let's discuss forex strategy

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TSluqmanz
post Feb 5 2007, 10:24 AM

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QUOTE(Keeš @ Feb 5 2007, 09:24 AM)
look like  gbp/jpy  is doing good this morning ~~
*
The market just opened in Japan, 7 am this morning ... flex.gif
Minimayo
post Feb 5 2007, 03:47 PM

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GJ is always acting good , just look properly at the movement for GJ
babyk
post Feb 5 2007, 11:36 PM

BANNED 101/100(tm) : Your avatar too sexy
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hi all
i am thinking to pley forex...any tips for me? smile.gif
Xonius
post Feb 6 2007, 05:27 AM

Y U NO MAD???
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QUOTE(jack2 @ Feb 3 2007, 07:43 PM)
Try out Marketiva. You do not need to deposit when you open account.

You will be rewarded for $5 real money for you trade. You can even trade on virtual trading in the same account you open. You can trade both desks either live trading or virtual trading.

If you plan to deposit later, you can use egold, ebullion or wire transfer. Egold and ebullion deposit are instantly.

You can trade as low as 1 quantity = $0.01

The support is integrated in the platform and you can ask questions in your own languages and get it solved within few seconds or minute.
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oh wow nice, no deposits how about the money we make, where is it transferred? egold? ebullion?, cus i prefer it to be my own bank account, less hassle to cash it back.

QUOTE(luqmanz @ Feb 3 2007, 08:32 PM)
It depends on your skills. Some people make just enough to pay bill and have extra pocket money. Some people live like a king with this income.  sweat.gif Most importantly, do not give up, it may take years before you can really live comfortably just from forex trading.
Try reading babypips.com to start learning.
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Wow nice, i plan to make some side income and use it to invest on other real tangible things. But it'll be great to make a living out of it though.

QUOTE(CableBoy @ Feb 3 2007, 10:19 PM)
hi Xonius,

I'm here not to teach or lecture you about forex trading, neither i qualify to do so. May i ask you one question; are you new in forex? If yes, i can recommend you some good sites like forexfactory.com, fxstreet.com, forexforum.net and many others forums out there to learn about strategies, news and others.

In fxstreet.com, there is a live chart room there; you can meet lots of traders from all around the world. The traders share their knowledge, opinions, strategies, news and even tips. There, you can also ask whatever question about forex.

Hope this can help u smile.gif

Regards,
CableBoy
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Thanks, and yes i'm new to Forex trading, actually i havent joined any forex trading sites yet, am still trying to understand what its all about and its nooks and crannies, i dont want to get cheated when i start to play big bucks, like pyramid schemes.
jack2
post Feb 6 2007, 10:01 AM

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QUOTE(Xonius @ Feb 6 2007, 05:27 AM)
oh wow nice, no deposits how about the money we make, where is it transferred? egold? ebullion?, cus i prefer it to be my own bank account, less hassle to cash it back.
Wow nice, i plan to make some side income and use it to invest on other real tangible things. But it'll be great to make a living out of it though.
Thanks, and yes i'm new to Forex trading, actually i havent joined any forex trading sites yet, am still trying to understand what its all about and its nooks and crannies, i dont want to get cheated when i start to play big bucks, like pyramid schemes.
*
You can transfer either to egold, ebullion or wire transfer to your bank account. I prefer egold as the rate is more higher, about 3.80 but if you opt to transfer to bank, it follows current USD rate, now about 3.50


uniglo
post Feb 6 2007, 05:14 PM

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QUOTE(mentos @ Feb 4 2007, 03:17 PM)
Hi
Anthony Tan
USD 250 for the software without any positive feed back frm user... shocking.gif
better pay for the proven technique WSS only USD 150
haha
interesting
you begin to trade Fx at 1-8-2006
nice site
you juz cr8 not long before @ 15 Jan 2007
but with trade record since 1-8-2006
smell somthing fishy

check here
https://secure.registerapi.com/services/whois.php
Juz helping LNY member
figure out the truth
*
Yeah very fishy. hehe.
TSluqmanz
post Feb 7 2007, 03:01 PM

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Charts for today ... (I got so much free time)
GU, USD/JPY - bullish
USD/CHF - bearish

Those are daily charts. Hopefully they gonna crash/fly for long time.



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Keeš
post Feb 7 2007, 04:51 PM

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hehe ... thanks for the reference ~
siaokia
post Feb 8 2007, 12:57 PM

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i GOT THING TO ASK HERE.... IS IT LEGAL TO PLAY FOREX IN MALAYSIA? ... Hopefully got a Prove for this so tat all of us can play Peacefully without get FINE cry.gif mad.gif

QUOTE
Illegal forex deal: Director is fined

Kota Kinabalu: A company director was fined RM2,000 or three months' jail by the Magistrate's Court here Tuesday for illegal involvement in a foreign exchange (forex) deal with a foreign firm three years ago.

Local Jeffary Mudi, 35, of Asset Forrich Sdn Bhd (AFSB), admitted before Magistrate Azreena Aziz to committing the offence between Jan. 10 and May 20, 2005 at Lot A1202-7-11, 12th floor, Wisma Merdeka, here. The company was also ordered to pay RM2,000 fine for the same offence.

Mudi admitted to having been involved in the forex deal, without the permission from the Foreign Exchange Controller, with a New Zealand firm, Goldex Equities Limited, whose registered address was Level 2, Windsor Court, 128-136, Parnell Road, Auckland.

Mudi and the company had committed an offence under Section 4(2) of the Foreign Exchange Control Act 1953 (Act 17) read with para 9(b), Section 2, fifth Scheduled of the same Act, which is punishable under para 7(2), Section 2, Fifth Scheduled of the same Act.

The charge carries a maximum of RM10,000 fine or up to three years' jail, or both, on conviction.

Prosecuting officers Anthony Kularaj Kulasingam and Jasmina Mohd Mokthar appeared for Bank Negara Malaysia (BNM) while Mudi was unrepresented.

Kulasingam told the court that a team of BNM investigation officers raided the AFSB premises on May 20, 2004 after receiving information about the company conducting foreign currency business illegally.

The team seized documents and related office tools when the company failed to produce any permission or authorisation for the business from the Forex Controller.

Kulasingam said the trading licence issued by City Hall showed the company conducted "business managing services, computer software and hardware suppliers" and that Mudi was the company's director.

Investigations revealed that AFSB had been appointed by Goldex Equities Limited (GEL) as an agent and had been authorised to, among others, attract investors into the business.

It was also to conduct training and briefing to new employers and the investors regarding the business to enable them to carry out trading at the AFSB premises.

AFSB was also to provide business equipment such as computer, computer software and other online equipment at its premises so that the investors conduct trading through GEL website.

It was also allowed by GEL to provide administrative facility such as opening a trading account, depositing money in GEL agent's account, issuing user ID and password as well as GEL official receipt.

Kulasingam further told the court that investors could carry out trading in several foreign currencies such as Swiss France, Japanese Yen, Euro Dollar and Great Britain Pound offered by GEL.

Further investigations had proved that the seized documents and office equipment including computer had connection with purchasing and selling foreign currency activity.

The court was told that search at the Foreign Exchange Administrative Department, BNM found that AFSB had not obtained any authority or permission to conduct such activity from the controller, Governor of Bank Negara Malaysia.


http://www.dailyexpress.com.my/news.cfm?NewsID=47334
rclxub.gif

This post has been edited by siaokia: Feb 8 2007, 01:08 PM
TSluqmanz
post Feb 8 2007, 01:17 PM

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QUOTE(siaokia @ Feb 8 2007, 12:57 PM)
i GOT THING TO ASK HERE.... IS IT LEGAL TO PLAY FOREX IN MALAYSIA? ... Hopefully got a Prove for this  so tat all of us can play Peacefully without get FINE cry.gif  mad.gif
http://www.dailyexpress.com.my/news.cfm?NewsID=47334
rclxub.gif
*
I dont know the exact answer for this. But it's the same like,
"Is it legal to sell a lot of things online when you don't have business license ? ". Many people has done this on Lelong.com.my or Ebay. They work like a shop when they don't have business license nor pay business tax.

QUOTE
Investigations revealed that AFSB had been appointed by Goldex Equities Limited (GEL) as an agent and had been authorised to, among others, attract investors into the business.


Perhaps, acting as a company that gets other people to invest in forex is wrong. A company need to operate according to the license. He should have applied for license.

This post has been edited by luqmanz: Feb 8 2007, 01:24 PM
billytong
post Feb 8 2007, 04:08 PM

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I just scalp a nice 20 pips today. am Happy with it but not total satisfaction. Becos I'm not closing at the lowest point. sad.gif
jenatic
post Feb 8 2007, 05:43 PM

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hello there..

im pretty interested in this forex trading.

but i know nothing of it..

i believe a few weeks ago when i was browsing around here, i think i've caught a glimpse of a few conversation between fellow forummers here about some software or game which could be use as practice to play forex before doing the real thing..


may i know what are the programs again? and also, care to provide any guidance?

i have totally 0%/clueless about forex trading..

im a student and turning 20 this year. i think its time i learn how to make some money. please teach me... icon_question.gif
Goliath764
post Feb 8 2007, 07:07 PM

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Tried Forex few day ago and still learning.
siaokia
post Feb 8 2007, 07:35 PM

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QUOTE(luqmanz @ Feb 8 2007, 01:17 PM)
I dont know the exact answer for this. But it's the same like,
"Is it legal to sell a lot of things online when you don't have business license ? ". Many people has done this on Lelong.com.my or Ebay. They work like a shop when they don't have business license nor  pay business tax.
Perhaps, acting as a company  that gets other people to invest in forex is wrong. A company need to operate according to the license. He should have applied for license.
*
Hope Malaysia government won't make forex as illegal thing... then everything will be jz fine.. icon_idea.gif


Added on February 8, 2007, 7:38 pm
QUOTE(jenatic @ Feb 8 2007, 05:43 PM)
hello there..

im pretty interested in this forex trading.

but i know nothing of it..

i believe a few weeks ago when i was browsing around here, i think i've caught a glimpse of a few conversation between fellow forummers here about some software or game which could be use as practice to play forex before doing the real thing..
may i know what are the programs again? and also, care to provide any guidance?

i have totally 0%/clueless about forex trading..

im a student and turning 20 this year. i think its time i learn how to make some money. please teach me...  icon_question.gif
*
hi there.... babypips.com is a good start... yes u should start learning when u are student.. working life is jz too bz. smile.gif


Added on February 8, 2007, 7:41 pm
QUOTE(Goliath764 @ Feb 8 2007, 07:07 PM)
Tried Forex few day ago and still learning.
*
Welcome to join Us... flex.gif Our Group Getting Stronger!

This post has been edited by siaokia: Feb 8 2007, 07:41 PM
jenatic
post Feb 8 2007, 07:44 PM

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QUOTE(siaokia @ Feb 8 2007, 07:35 PM)

hi there....  babypips.com is a good start... yes u should start learning when u are student.. working life is jz too bz.  smile.gif


*
okok.. thanks! i will start from there then!
Minimayo
post Feb 8 2007, 07:46 PM

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im not sure about that , but i heard from my friend before . As malaysian we not allowed to trade forex , only banks can trade fx
Quincy
post Feb 8 2007, 10:56 PM

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QUOTE(Minimayo @ Feb 8 2007, 07:46 PM)
im not sure about that , but i heard from my friend before . As malaysian we not allowed to trade forex , only banks can trade fx
*
then we might have to move to other country after we get enough money tongue.gif

why they dont want us to trade forex? its not a crime is it?
even the stocks and futures got the same concept as forex which are trading and investment.

but as i know, theres a lot of people doing seminar in malaysia about forex which cost more the rm1k.
So if forex is illegal, they all should be in prison by now tongue.gif

I think the government dont want us to be rich easily and they want to keep us poorer every single day with the high cost of living.

This post has been edited by Quincy: Feb 8 2007, 11:03 PM
Keeš
post Feb 8 2007, 11:44 PM

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just wanna ask .... which broker is easier for us to deposit & withdraw money ?
uchan
post Feb 8 2007, 11:52 PM

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will Bank Negara kacau all about this?

Recently, I read the newspaper, so people are complaning about this?

Correct me, if I am wrong..
jong52yuara
post Feb 8 2007, 11:57 PM

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QUOTE(Minimayo @ Feb 8 2007, 07:46 PM)
im not sure about that , but i heard from my friend before . As malaysian we not allowed to trade forex , only banks can trade fx
*
actually it means trading the forex in Malaysia, and based in malaysia account is illegal for normal people. so far only banks has legal right to do so, if you see any forex company open up offices in malaysia & allowed public to open an account and trade it is 100% illegal.

meanwhile like a lot of malaysian trade fx now, all the fx account is either based in Singapore, US, or other country. we just use internet connection in malaysia and do it. as long as you have internet access doesnt matter where you are trading from.

for withdrawing money, i'll would a bit careful with it if the money size is more than RM10k, maybe need to tax? i dunno..


Added on February 9, 2007, 12:08 am
QUOTE(jenatic @ Feb 8 2007, 05:43 PM)
hello there..

im pretty interested in this forex trading.

but i know nothing of it..

i believe a few weeks ago when i was browsing around here, i think i've caught a glimpse of a few conversation between fellow forummers here about some software or game which could be use as practice to play forex before doing the real thing..
may i know what are the programs again? and also, care to provide any guidance?

i have totally 0%/clueless about forex trading..

im a student and turning 20 this year. i think its time i learn how to make some money. please teach me...  icon_question.gif
*
it is called DEMO ACCOUNT, you can start by reading tutorial at www.babypips.com
when youre done, go to www.fxstreet.com and there are lots of broker for you to choose. usually i cannot say which broker is right for you, everyone has their own comfort level and just keep trying which broker is be right for you and can make money.

This post has been edited by jong52yuara: Feb 9 2007, 12:08 AM

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