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 Forex version XVII, Foreign Exchange Market Discussion

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carrer
post Sep 27 2015, 08:12 PM

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QUOTE(kevler @ Sep 27 2015, 04:59 PM)
GJ yearly wave count

[attachmentid=5011426]

similar to my current trade on GJ ...might be some spike here and there ..but bearish mood still valid , i reckon.

anyway trade at your own risk . alternate count not available , for now.
thanks to my fren budakfx for his analysis.
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How was the profitability trading Elliott wave?

Are you only using Elliott wave or any other indicators or theory?

If i recall, one of the best traders, Paul Tudor Jones is also using elliott wave and he is very good at it. He is the only person in the industry as far as i know that is using Elliott wave successfully.
carrer
post Sep 27 2015, 08:16 PM

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QUOTE(chaseonl @ Sep 27 2015, 03:16 PM)
hey. have u guys heard XM before ? they offer to open a live account with 30usd free with no deposit required ? and of course they have terms and conditions before we can withdrawn any profit.
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May I know what the terms and conditions are? I was unable to check due to the need of prior registration.


carrer
post Sep 28 2015, 09:59 PM

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QUOTE(cf kaki @ Sep 28 2015, 03:15 PM)
Guys,

This might sounds not cool, but i am newbie in forex.

I would like to start with what time i mean Malaysia local time that we start to trade forex actually?

There are 3 sessions right?

1. Euro
2. Asean

Advice required smile.gif
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Tokyo
Japan
07:00 AM
03:00 PM

Frankfurt
Germany
02:00 PM
10:00 PM

London
Great Britain
03:00 PM
11:00 PM

New York
United States
08:00 PM
04:00 AM

Sydney
Austrailia
06:00 AM
02:00 PM
carrer
post Sep 29 2015, 02:51 AM

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QUOTE(kEITh_22b @ Sep 29 2015, 02:19 AM)
Do they penalize players who uses Forex-scalping tactics (aka. scalpers)...?

---
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No.
carrer
post Oct 1 2015, 10:23 PM

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QUOTE(Homosapien @ Oct 1 2015, 10:21 PM)
I am practising 2 demo accounts i.e. FXCM and Avatrade (shifted to FXCM because high spread).
I found out odd difference of pair price between these two accounts, both are using MT4. Any expert here can give some comment?
Thank you
[attachmentid=5037034]
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Can you screenshot the difference?
How much do they differ?
carrer
post Oct 1 2015, 11:02 PM

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QUOTE(Homosapien @ Oct 1 2015, 10:39 PM)
EurUSD :
Avatrade (left) versus FXCM (right)
Different about 1 pips
[attachmentid=5037073]

List of pairs:
Avatrade (left) versus FXCM (right)
Different from 1 to 3 pips.
[attachmentid=5037079]
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This is okay. Small difference only.
carrer
post Oct 2 2015, 03:15 PM

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QUOTE(9kingsir @ Oct 2 2015, 01:21 PM)
fxprimus and citibank
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Citibank, only the rich can open up an account there.
For me, not enough capital yet.
carrer
post Oct 2 2015, 03:17 PM

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Deleted.

This post has been edited by carrer: Oct 2 2015, 03:19 PM
carrer
post Oct 2 2015, 05:06 PM

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QUOTE(rachel9966 @ Oct 2 2015, 03:23 PM)
I see, they are selling off their retail FX trading.
Looks like they still have their prime brokerage, http://www.citifx.com/electronic-solutions/citifx-prime.html.
carrer
post Oct 2 2015, 10:20 PM

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Gold (XAUUSD) shot up. I got stopped out because I was short.
Fortunately I trailed my so I lost about 30+ pips only.

Anyone experienced the same?

Chart is 4H.


Attached image(s)
Attached Image
carrer
post Oct 2 2015, 10:22 PM

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M15 XAUUSD.

300 over pips in 30 minutes.

This post has been edited by carrer: Oct 2 2015, 10:26 PM


Attached thumbnail(s)
Attached Image
carrer
post Oct 2 2015, 11:16 PM

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QUOTE(xShinji @ Oct 2 2015, 10:35 PM)
USD drop alot for after NFP News (Much worst compare to forecast and previous).....
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It affected much. Next time I have to exit my positions during NFP.
carrer
post Oct 4 2015, 07:46 PM

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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
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If it's technical analysis it is not yet a buy for me. Unless you have a fundamental reason.
carrer
post Oct 5 2015, 06:21 PM

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QUOTE(Jackwei94 @ Oct 5 2015, 01:02 PM)
Hello LYN,

I heard that trading in FOREX require BNM license, otherwise will be jailed or fined, is it true?
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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 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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carrer
post Oct 5 2015, 06:23 PM

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Sample.

http://www.financemagnates.com/forex/regul...l-forex-trader/

http://www.financemagnates.com/forex/regul...ud-in-malaysia/
carrer
post Oct 5 2015, 08:42 PM

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QUOTE(Pinnacle1295 @ Oct 5 2015, 07:50 PM)
Does the statement highlighted in yellow includes us ?
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I believe so.
carrer
post Oct 5 2015, 08:43 PM

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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
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As long as the money managers make profit for their investors they won't complain. smile.gif
carrer
post Oct 5 2015, 10:48 PM

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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..
BNM wont take drastic action.. they just compile your complaint
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Maybe, I don't have a high hope on BNM anyway.

Unless if you lose some cronies money then BNM will be very efficient. smile.gif
carrer
post Oct 7 2015, 06:37 PM

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QUOTE(Markora @ Oct 7 2015, 05:29 PM)
Which Forex trader in Malaysia is reliable and why....
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Why a Malaysian broker, why not overseas?

If you insist for a Malaysian broker than you have to open up an account with the banks.
carrer
post Oct 8 2015, 06:34 PM

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QUOTE(rachel9966 @ Oct 8 2015, 08:53 AM)
anyone knows which broker offers the fastest withdrawal?.... something like 1-2 days to appear in our local bank saving account...
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Try Pepperstone or ICMarkets. Their withdrawal is fast usually within the same week. Withdraw using a credit card is faster than TT.

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