lol, EUR/USD market free fall. But it drop more than I expected. I stay put until I see the bottom first.

EDIT:
BOE interest rate remain same...

Oh boy luckily I stay put. Longers is gonna hurt.

This post has been edited by billytong: Mar 8 2007, 11:00 PM

rite now,i want to invest on gbp/jpy..get more than 300 pips this week..i think this pair will go uptrend...

is there any Tax for forex income?

no tax ..............

no matter how big your account?but need to declare ?

No need to declare or do anything. Don't have to worry about tax. Income generated overseas are non-taxable.

if the broker is from US and Swiss,should we pay tax to them?

hi luqmanz,any recommend for good borker?

I'm not sure about swiss broker. But for USA, all foreign investor income are tax exempted and income generated from oversea is tax free for Malaysia. So basically if you get what you earn.

any news for SGD/RM?

if you open a forex account with US broker, you will need to sign a W-8BEN form to declare youre not US citizen and exempt from paying tax.

the form will be available from your broker.

Not all US based brokers are good.

I prefer offshore brokers.

Yes, and that form only takes 2 mins to complete. Opening a trading account is like opening email except you have to scan your passport and send to them.

currency pair with jpy looks like its downtrend at the moment..

hopefuly those pairs will recover next week

rite now yen are quite strong...better to invest short..

Update guys, The EUR/USD is crashing now for a price correction.

I stay neutral until it stop crashing and then I will establish a long lower price and hopefully it rally to 3260 tonight.

Yaa I'm still shorting it ...

Update guys,
I see the short term bear trend is ending. Is long time!

3260,3353 Here I come!

for EU? .. i cant c anything yet....

It went up to 3240 height. But it up strength seems to be fading after that.

I take my profit and run

EUR/USD rallied 40 pips early this morning lol ...
USD/JPY is crashing lol ....