Forex version XVII, Foreign Exchange Market Discussion
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 Oct 5 2015, 12:18 PM
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Junior Member
418 posts Joined: Jan 2015 
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QUOTE(vostroxe @ Oct 4 2015, 03:33 PM) According to my analysis, EURCAD is a buy mode on monday - tuesday. Anyone can verify this. Thanks I am still bearish on EUR/CAD.  Attached thumbnail(s) 
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Oct 5 2015, 12:29 PM
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Junior Member
29 posts Joined: Aug 2015
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Short AUDJPY..
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Oct 5 2015, 01:02 PM
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Junior Member
164 posts Joined: Dec 2012
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Hello LYN,
I heard that trading in FOREX require BNM license, otherwise will be jailed or fined, is it true? |
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Oct 5 2015, 01:18 PM
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Senior Member
669 posts Joined: Sep 2015
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QUOTE(Jackwei94 @ Oct 5 2015, 01:02 PM) Hello LYN, do u get it from BNM website?I heard that trading in FOREX require BNM license, otherwise will be jailed or fined, is it true? |
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Oct 5 2015, 04:11 PM
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Senior Member
747 posts Joined: Aug 2010 From: KL 
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This post has been edited by KeroroQ: Oct 5 2015, 04:11 PM |
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Oct 5 2015, 04:16 PM
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Senior Member
747 posts Joined: Aug 2010 From: KL
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QUOTE(Jackwei94 @ Oct 5 2015, 01:02 PM) Hello LYN, If you want to trade for other people, open company if not yeahI heard that trading in FOREX require BNM license, otherwise will be jailed or fined, is it true? only banks and money changers can be LICENSED in malaysia, but if you trade yourself it's fine  |
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Oct 5 2015, 05:06 PM
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Senior Member
669 posts Joined: Sep 2015
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QUOTE(KeroroQ @ Oct 5 2015, 04:16 PM) If you want to trade for other people, open company if not yeah only banks and money changers can be LICENSED in malaysia, but if you trade yourself it's fine  |
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Oct 5 2015, 06:02 PM
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Junior Member
164 posts Joined: Dec 2012
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QUOTE(KeroroQ @ Oct 5 2015, 04:16 PM) If you want to trade for other people, open company if not yeah I see. Great, help a lot, thx. can't found any about it on BNM websiteonly banks and money changers can be LICENSED in malaysia, but if you trade yourself it's fine |
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Oct 5 2015, 06:09 PM
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(Jackwei94 @ Oct 5 2015, 06:02 PM) I see. Great, help a lot, thx. can't found any about it on BNM website of course you cant find any info on this becos they are blur too(BNM)tak percaya?? go BNM yourself ask.. even tat officer sendiri play forex.. etoro sumore.. haha |
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Oct 5 2015, 06:21 PM
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Junior Member
453 posts Joined: May 2015
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QUOTE(Jackwei94 @ Oct 5 2015, 01:02 PM) Hello LYN, It's true. But like 9kingsir said below. They didn't enforce it. But if you manage someone's money and people complain because you lose all their money, then you will have a higher chance of getting caught. I heard that trading in FOREX require BNM license, otherwise will be jailed or fined, is it true? I also emailed to them a few years back, they said cannot. QUOTE(9kingsir @ Oct 5 2015, 06:09 PM) of course you cant find any info on this becos they are blur too(BNM) tak percaya?? go BNM yourself ask.. even tat officer sendiri play forex.. etoro sumore.. haha |
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Oct 5 2015, 06:23 PM
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Junior Member
453 posts Joined: May 2015
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Oct 5 2015, 07:43 PM
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(carrer @ Oct 5 2015, 06:21 PM) It's true. But like 9kingsir said below. They didn't enforce it. But if you manage someone's money and people complain because you lose all their money, then you will have a higher chance of getting caught. nope... depositing others ppl money into own account and trade is cannot...tat is called illegal depositingI also emailed to them a few years back, they said cannot. |
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Oct 5 2015, 07:50 PM
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Junior Member
418 posts Joined: Jan 2015
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QUOTE(carrer @ Oct 5 2015, 06:23 PM) Sample. Does the statement highlighted in yellow includes us ?http://www.financemagnates.com/forex/regul...l-forex-trader/ http://www.financemagnates.com/forex/regul...ud-in-malaysia/ Attached thumbnail(s) 
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Oct 5 2015, 07:50 PM
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Senior Member
747 posts Joined: Aug 2010 From: KL
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QUOTE(9kingsir @ Oct 5 2015, 06:09 PM) of course you cant find any info on this becos they are blur too(BNM) Etoro? Copy signals? hahaha tak percaya?? go BNM yourself ask.. even tat officer sendiri play forex.. etoro sumore.. haha  cool didn't know they play themselves  |
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Oct 5 2015, 08:17 PM
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Junior Member
29 posts Joined: Aug 2015
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No big announcement tonight huh?
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Oct 5 2015, 08:22 PM
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Junior Member
29 posts Joined: Aug 2015
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Short AUDJPY again... close my eye and collect money tomoro morning...
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Oct 5 2015, 08:42 PM
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Junior Member
453 posts Joined: May 2015
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QUOTE(Pinnacle1295 @ Oct 5 2015, 07:50 PM) Does the statement highlighted in yellow includes us ? I believe so. |
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Oct 5 2015, 08:43 PM
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Junior Member
453 posts Joined: May 2015
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QUOTE(9kingsir @ Oct 5 2015, 07:43 PM) nope... depositing others ppl money into own account and trade is cannot...tat is called illegal depositing As long as the money managers make profit for their investors they won't complain.  |
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Oct 5 2015, 10:22 PM
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(carrer @ Oct 5 2015, 08:43 PM) As long as the money managers make profit for their investors they won't complain. complaint oso no point.. that officer said its still no use if you lose all funding... FX is at your own risk..BNM wont take drastic action.. they just compile your complaint |
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Oct 5 2015, 10:48 PM
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Junior Member
453 posts Joined: May 2015
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QUOTE(9kingsir @ Oct 5 2015, 10:22 PM) complaint oso no point.. that officer said its still no use if you lose all funding... FX is at your own risk.. Maybe, I don't have a high hope on BNM anyway. BNM wont take drastic action.. they just compile your complaint Unless if you lose some cronies money then BNM will be very efficient. |
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