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 USD/MYR drop, v3

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Ramjade
post Apr 17 2016, 02:11 PM

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QUOTE(Alpina @ Apr 17 2016, 02:04 PM)
sorry if wrong topic but i need a clarification on this... What is the minimum amount you can change the currencies... is it possible to change only a dollar...
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If you change at money changer, can. smile.gif Banks no.
Ramjade
post Apr 18 2016, 03:56 PM

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QUOTE(kit2 @ Apr 18 2016, 03:08 PM)
Dateline tomorrow? Let's see who's the hero this time.
Ramjade
post Apr 18 2016, 04:07 PM

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QUOTE(kit2 @ Apr 18 2016, 04:03 PM)
50 mil only....sap sap sui
maybe china will help to pay?
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Is USD. Not RM.
Ramjade
post Apr 18 2016, 09:59 PM

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USD to weaken because of China? drool.gif biggrin.gif
China To Introduce Gold-Backed Yuan

Ramjade
post Apr 19 2016, 08:47 AM

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QUOTE(Showtime747 @ Apr 19 2016, 08:40 AM)
He was never "wrong" so far  thumbup.gif

RM is defying gravity. No anal-lyst can explain why. The only explanation is "magic hidden hands". Now even 1MDB is in dispute with the middle east financier but RM is not affected. 1MDB was one of the two main causes (the other being oil price) which caused RM plunged from 3.1 to 4.5.

Conclusion : ice cream boy's prediction > all professional anal-lysts combined
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Who is ice-cream boy? Btw I thought the spark which cause the RM to slide in the first place was the Greece issue. i remember after the Greece issue appeared in the news, MYR went from 3.6x-3.7x After that incident, we all know it continue to slide downwards.
Ramjade
post Apr 19 2016, 11:10 AM

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QUOTE(aromachong @ Apr 19 2016, 11:06 AM)
woah.. u holding for years?

i put most my money overseas as i have plan migrate to australia in year

only 30% like asw2020 , fds .. and rm.. (guess i will hold rm till end of the year if it didn't hit 4.0 target or 3.96) - if by the time i migrate it's still at loss, i will take it as a loss

I'm not worrying about losing money at the first day i place my bet on it. Well if i have a luck on it, why not? haha..

i loss 6 digits too in penny stock market but heck i close my account straight and no more stocks, ut and etc for me.

better to play safe.
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When you are selling your ASW2020, let us know. By end of the year, I should have sufficient 5 digit to buy.
Ramjade
post Apr 24 2016, 10:14 AM

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QUOTE(wil-i-am @ Apr 24 2016, 10:07 AM)
If default, c MYR @ 4.00
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If default, maybank, amanah saham, kwsp all affected I guess? sad.gif
Ramjade
post Apr 26 2016, 12:58 PM

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QUOTE(nexona88 @ Apr 26 2016, 12:46 PM)
wow looks like 4.00 is coming soon
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That's why I said buy and hold. MYR no strength to defend continuously at 3.9 unless got injection from China some more.
Ramjade
post Apr 26 2016, 01:05 PM

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QUOTE(bbgoat @ Apr 26 2016, 01:02 PM)
:thumbsup:  notworthy.gif

Please by July RM to recover !  sweat.gif
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Recover and maintain at 3.7 so my international shopping becomes cheaper. rclxm9.gif
Ramjade
post Apr 26 2016, 01:57 PM

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QUOTE(wil-i-am @ Apr 26 2016, 01:49 PM)
Perhaps u can consider to take profits on piecemeal basis
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I don't think so. Should have a target. If don't cross that target, don't buy/sell. Just hold.
Ramjade
post Apr 26 2016, 03:19 PM

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QUOTE(wil-i-am @ Apr 26 2016, 03:01 PM)
U have strong principle
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Need that. Set a target so that you won't lose and won't get carried away. Check your PM.
Ramjade
post Apr 27 2016, 12:34 PM

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QUOTE(wil-i-am @ Apr 27 2016, 12:32 PM)
Trading at 3.93xx now
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Gone case la. Luckily did my shopping already when it was at 3.7xx
Ramjade
post Apr 28 2016, 07:27 AM

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QUOTE(kart @ Apr 27 2016, 10:56 PM)
When do you think the time USD will again strengthen against RM?

I obtained USD 200 at the rate of USD 1 to RM 4.29, during January this year. I hope that I can convert it to RM at a good time, so that I do not lose a lot in term of currency exchange rate.
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Gut feeling says is 2-3 months time. Max by 3 months, RM should cross the 4.1 line.
Ramjade
post Apr 29 2016, 10:42 AM

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QUOTE(shioks @ Apr 29 2016, 10:33 AM)
Please correct me if I'm wrong, I understand you can open a foreign currency account with Maybank and convert freely from MYR to USD via online (but not through cash).
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Banks exchange rate puke.gif
Ramjade
post Apr 29 2016, 10:58 AM

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QUOTE(shioks @ Apr 29 2016, 10:48 AM)
I know money changers give better rate than banks, but you need to spend time queuing up, which I hate it.
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Not all money changer need to line up. I don't think if you want to get profit from USD movement, you can use banks. Unless it change drastically.
QUOTE
Eg. To change RM > USD the rate might me 3.9. But to change USD > RM, the rate might be 3.6 shocking.gif  (seen with my own eyes before at KLIA2 those bank money changer.)

The one I saw at KLIA2
RM > USD = 4.2
USD > RM = 3.8

Spread is too large.
Ramjade
post Apr 29 2016, 11:01 AM

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QUOTE(wil-i-am @ Apr 29 2016, 10:57 AM)
U can explore eforex.com.my
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How's the spread for http://www.maxmoney.com compare to eforex.com.my? Need your input.

I haven't use max money but since they have physical store in Klang, might be worth the try.
Ramjade
post Apr 29 2016, 11:03 AM

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QUOTE(wil-i-am @ Apr 29 2016, 11:03 AM)
I can't comment coz nvr use maxmoney b4
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The one you always use is eforex? Any other alternatives?
Ramjade
post Apr 29 2016, 12:39 PM

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QUOTE(wil-i-am @ Apr 29 2016, 12:31 PM)
There r plenty out there
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Want your recommendation. laugh.gif
Ramjade
post Apr 29 2016, 05:11 PM

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QUOTE(wil-i-am @ Apr 29 2016, 05:05 PM)
Skills is more important than which platform to trade
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To test my gut feeling, I would need a platform with the lowest spread.
Ramjade
post Apr 29 2016, 05:54 PM

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QUOTE(bbgoat @ Apr 29 2016, 05:45 PM)
Ya, I don't care as such. As need to be TT out from CB which offered free TT cost. I also found that among banks their TT buy rate was better one for USDbiggrin.gif
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Wow that's what I want to know.

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