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 Forex version XVII, Foreign Exchange Market Discussion

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cmk96
post Oct 1 2015, 11:54 AM

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QUOTE(avengers88 @ Oct 1 2015, 11:30 AM)
Is it wise to trade forex now ? Since USD is so high ..
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think on the bright side... what happens if u profit? brows.gif
cmk96
post Nov 2 2015, 11:00 PM

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QUOTE(capt1986 @ Nov 1 2015, 09:15 AM)
Seems one of our member suggested to upload some profit/loss of trades to attract attention, so I  agreed..hehehe..

Teaser for you guys..
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If not close yet... all will be losing money by now.

cmk96
post Nov 2 2015, 11:08 PM

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QUOTE(capt1986 @ Nov 2 2015, 11:06 PM)
Dah closed some of it..
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nice to see some GJ kaki here... congrats on the profit! i also shorting it.

why trade EJ so small lot? hmm.gif

This post has been edited by cmk96: Nov 2 2015, 11:11 PM
cmk96
post Nov 5 2015, 08:37 PM

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QUOTE(capt1986 @ Nov 5 2015, 07:19 PM)
Floating negative GbpJpy..if break 188.3-189.000,i will cutloss sell..argghh..
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don't gv up so early.... dropped 130 pips within 15 min just now....

negative become positive.... syiok! rclxm9.gif rclxm9.gif rclxm9.gif
cmk96
post Nov 9 2015, 02:19 PM

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QUOTE(frontier008 @ Nov 9 2015, 11:51 AM)
thanks capt1986 for tagging...

not free to join class physically cause need to take care baby at home...

wondering does forex traders need to declare income tax and is it taxable?

thanks....
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the short answer is yes... if u plan to do it full time and plan to take loans to buy house/ car.

but not many ppl know or want to declare since 95% are losers... cry.gif

some may say put money oversea... dun declare... then i wonder how FTT buy house/car then... forever stay with parents or use working spouse name to get loan? wink.gif


cmk96
post Nov 10 2015, 10:58 AM

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QUOTE(9kingsir @ Nov 9 2015, 04:46 PM)
loan from bank.. can...

bank look at your 2 years bank activity.. to have good record or plus point.. have FD in your bank.. higher amount gurantee loan

no tax..
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those aunty/uncle doing illegal 4D business also can get loan to buy car (i know coz they are my neighbour)... but how many cars they can buy? can they buy 3 cars or 3 house without raise LHDN suspicion? that's the risk they hv to face if they do... Bank can be lenient when sales are bad...just tutup mata approve the loan.... pray hard LHDN don't send the love letter to declare the income source... wink.gif
cmk96
post Dec 2 2015, 02:22 PM

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QUOTE(13aby @ Dec 1 2015, 01:10 PM)
I am using XM currently , You can have a try . Can get their 30USD to start . I did not join any course , learn from experience aka longkang (some may know what is this )  tongue.gif
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XM not bad.... deposit is instant .... i just claimed their 100% deposit bonus... margin increased a lot. wink.gif
cmk96
post Dec 2 2015, 10:06 PM

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QUOTE(hazard_puppet @ Dec 2 2015, 09:09 PM)
sadly the bonus will be gone after each withdrawal, i wonder is there any broker out there which can protect the bonus?
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at least better than no bonus. biggrin.gif

it really helps when u wan to open more lots but dunwan to make huge deposit.
cmk96
post Dec 3 2015, 11:08 AM

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only ppl who duno MM will go holland.

for me, bonus is good. i made 5x my initial deposit since i joined XM one month ago.
cmk96
post Dec 3 2015, 11:22 AM

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QUOTE(hazard_puppet @ Dec 3 2015, 09:01 AM)
and one more thing i hate about xm is that each losing trade will minus the balance first, hmm i wonder about that too, is all broker the same?
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are you sure minus the balance first?

there r ways to protect the given bonus while doing withdrawal. icon_idea.gif

u should do more research... most ppl just blame the broker when they lose money.

it all boils down on how u play the game with them.
cmk96
post Dec 3 2015, 11:32 AM

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QUOTE(hazard_puppet @ Dec 3 2015, 11:24 AM)
im pretty sure about this, coz i lose many trades  tongue.gif
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dun gv up.... make more profitable trades.... tongue.gif
cmk96
post Dec 7 2015, 03:24 PM

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QUOTE(MrSweet @ Dec 5 2015, 07:14 PM)
Good service ? Fast withdraw ?
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Free powerbank... thumbup.gif

but now no more... i received it last month.

[attachmentid=5463617]
cmk96
post Dec 11 2015, 10:26 PM

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QUOTE(chaseonl @ Dec 11 2015, 10:12 PM)
anyone know any broker that offered welcome bonus without deposit other than xm.com ? thanks
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instaforex... but profit withdrawal is tough... many T&C.
cmk96
post Dec 16 2015, 08:38 AM

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QUOTE(aerif @ Dec 16 2015, 01:26 AM)
Hi. Im newbie here. Just wonder let say I deposit 1000usd to any broker and suddenly I urgently need cash, can I withdraw that money? Considering that I have not open any trade yet. Many thanks.
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No problem... u just lose some conversion rate.
cmk96
post Dec 17 2015, 08:39 AM

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QUOTE(cajun @ Dec 17 2015, 02:16 AM)
Hi,

I'm looking for broker to start real trade.
Currently I'm seeing XM is the popular choice around here. Does anyone have any issue with XM? Is it easy and fast to withdraw?

Any other alternative beside XM that is reliable, easy and fast to withdraw fund?

Thanks!
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My experience with XM... withdraw to cc take 2 days... wire to local bank 4 days... if u want fast... withdraw to XM debit card.. 1 day only.
cmk96
post Dec 31 2015, 10:31 PM

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QUOTE(MENimalist @ Dec 31 2015, 08:33 PM)
any banks that doesnt block deposits into gaming/forex/gambling?

maybank and rhb blocks transfers to FX companies. kinda frustrated here. hopefully you guys can recommend me some good banks. thanks!
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Weird... i can send and receive TT from broker... used maybank for 8th years now.
cmk96
post Dec 31 2015, 10:45 PM

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QUOTE(MENimalist @ Dec 31 2015, 10:36 PM)
may i know what broker are you guys using?

im using oanda when i called maybank/asked rhb they said transfers to gaming/forex/gambling is banned.  :stars

im using debit card if that makes a difference
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I'm using XM n FXDD. Withdraw or funding with TT or credit card oso no problem.
cmk96
post Jan 10 2016, 08:46 PM

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QUOTE(Pinnacle1295 @ Jan 10 2016, 11:36 AM)
Hi! Need some feedback / comments on my live trade.

My overall outlook on GBP/USD is downtrend.

I SELL GBP/USD on 6-Jan @ 1.46688. When profit was around 85 pips I set Trailing Stop @ 75 pips. After that I left the trade running since I was protected by my Trailing Stop.

However prices reverse and my Trailing Stop was hit and position closed (7-Jan) with 64.1 pips profit.
Subsequently after about 10 hours from my EXIT, the prices reversed down again. So I felt a little bit frustrated with my Trailing Stop.

Any suggestion on how to improve my trade? Thanks.
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Sound like you want to play swing and earn more pips from your trade... I never set stop loss. Most ppl will not agree on this. Forex is tough... it will shake up those who are not confident enough in their trade... and the trend resume to your initial direction after awhile. My advise is...be patience.

[attachmentid=5751959]
cmk96
post Jan 10 2016, 11:31 PM

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QUOTE(carrer @ Jan 10 2016, 09:40 PM)
Are you a technical or fundamental trader?

You seemed to have entered at the top, so I am curious.
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Technical.
cmk96
post Jan 12 2016, 09:28 AM

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QUOTE(Pinnacle1295 @ Jan 11 2016, 12:02 AM)
After going thro' your trades on GBP/JPY I noticed some of your earlier entries experienced a "temporary" drawdown as much as -175 pips. But ultimately all went well. Now I can appreciate what you mean by "BE PATIENCE".

Thank you so much for the screenshot.

notworthy.gif  notworthy.gif  notworthy.gif
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-175 pips is small drawdown for pair like GJ... that's y i claimed those bonus offered by the broker to increase the free margin. biggrin.gif

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