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 USD/MYR drop, v3

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Ramjade
post Mar 25 2016, 07:15 PM

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QUOTE(wil-i-am @ Mar 24 2016, 10:38 PM)
Did you use this for your forex or you use another platform?
TSwil-i-am
post Mar 25 2016, 07:18 PM

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QUOTE(Ramjade @ Mar 25 2016, 07:15 PM)
Did you use this for your forex or you use another platform?
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Tis is 1 of them
Ramjade
post Mar 25 2016, 07:29 PM

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QUOTE(wil-i-am @ Mar 25 2016, 07:18 PM)
Tis is 1 of them
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Any other exchange you can recommend?
TSwil-i-am
post Mar 25 2016, 09:38 PM

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QUOTE(Ramjade @ Mar 25 2016, 07:29 PM)
Any other exchange you can recommend?
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Plenty out there
wjchay
post Mar 26 2016, 12:19 PM

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QUOTE(wil-i-am @ Mar 25 2016, 07:42 PM)
Yup as they have licence from BNM
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I just checked this morning comparing MV, Spectrum Pyramid, eForex, seems like eForex is more expensive for buying SGD. I thought they could have provided better rates since it's online, e.g. less manual work.

TSwil-i-am
post Mar 27 2016, 06:15 PM

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Wat is the direction for next week?
nexona88
post Mar 27 2016, 06:19 PM

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QUOTE(wjchay @ Mar 26 2016, 12:19 PM)
I just checked this morning comparing MV, Spectrum Pyramid, eForex, seems like eForex is more expensive for buying SGD. I thought they could have provided better rates since it's online, e.g. less manual work.
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no such thing leh.. They need to profit too tongue.gif
nexona88
post Mar 28 2016, 12:21 PM

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27 Mar 2016 04:10 UTC - 28 Mar 2016 04:17 UTC
USD/MYR close: 4.03141 low: 4.03073 high: 4.04315

not much movement today hmm.gif

MGM
post Mar 29 2016, 10:40 AM

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MYR below 4.0 again:

USD-MYR 3.9995 -0.0158 -0.39% 10:32 PM
TSwil-i-am
post Mar 29 2016, 10:41 AM

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Gud for trading
Ramjade
post Mar 29 2016, 10:43 AM

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QUOTE(MGM @ Mar 29 2016, 10:40 AM)
MYR below 4.0 again:

USD-MYR  3.9995 -0.0158 -0.39% 10:32 PM
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Won't hold.

QUOTE(wil-i-am @ Mar 29 2016, 10:41 AM)
Gud for trading
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What broker do you use for forex trading?

This post has been edited by Ramjade: Mar 29 2016, 10:44 AM
TSwil-i-am
post Mar 29 2016, 10:56 AM

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QUOTE(Ramjade @ Mar 29 2016, 10:43 AM)
What broker do you use for forex trading?
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Plenty
Ramjade
post Mar 29 2016, 11:02 AM

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QUOTE(wil-i-am @ Mar 29 2016, 10:56 AM)
Plenty
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Is it possible to buy and sell like buying from money changer without shorting or long the currency from those brokers? USD-MYR is interesting to watch as sooner or later, if I am right it will move back to 4.3+. Which means if I really do forex, easy money. Once MYR touch 3.99+, just wait for it to come back to 4.3+ and then pocket the profit. I see that those broker spread is smaller compare to money changer = more money.
TSwil-i-am
post Mar 29 2016, 11:07 AM

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QUOTE(Ramjade @ Mar 29 2016, 11:02 AM)
Is it possible to buy and sell like buying from money changer without shorting or long the currency from those brokers? USD-MYR is interesting to watch as sooner or later, if I am right it will move back to 4.3+. Which means if I really do forex, easy money. Once MYR touch 3.99+, just wait for it to come back to 4.3+ and then pocket the profit. I see that those broker spread is smaller compare to money changer = more money.
*
Yup but timing is a big factor
Ramjade
post Mar 29 2016, 11:17 AM

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QUOTE(wil-i-am @ Mar 29 2016, 11:07 AM)
Yup but timing is a big factor
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If really want to keep it safe, use range of 4.3-4.1. Difference is about 4% per trade. ~4% x 12 (do it once a month), profit is already 48% in one year. Wonder I can do that with money changer or not. hmm.gif but money changer spread is a bit high.
SUSXnet
post Mar 29 2016, 11:21 AM

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Pls intro me to a broker or two
Got some dosh to burn
Ramjade
post Mar 29 2016, 11:24 AM

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QUOTE(Xnet @ Mar 29 2016, 11:21 AM)
Pls intro me to a broker or two
Got some dosh to burn
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wil-i-am come recommend us some broker that you use. thumbup.gif
X.E.D
post Mar 29 2016, 01:24 PM

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QUOTE(Ramjade @ Mar 29 2016, 11:02 AM)
Once MYR touch 3.99+, just wait for it to come back to 4.3+ and then pocket the profit. I see that those broker spread is smaller compare to money changer = more money.
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Not gonna happen if intra-month volatility isn't big, like what we saw starting in February.
Ramjade
post Mar 29 2016, 01:28 PM

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QUOTE(X.E.D @ Mar 29 2016, 01:24 PM)
Not gonna happen if intra-month volatility isn't big, like what we saw starting in February.
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Still expected returns is to be double digit if there's volatility for 3x in a year.
MGM
post Mar 29 2016, 03:10 PM

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Easier said than done. Anyway it is good to learn the hard way when one is young, cos this type of experience will stay with you forever.

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