Global prime

They are liquidity provider, which means they do not have any financial gain if u lose money

Only downside, their leverage is low (1:200)

This post has been edited by brotan: Aug 28 2016, 12:23 AM

Means for people who trade in 0.01 per lot will fit with this leverage lo

Looks like a good broker. good info.

Don't worry about manipulation. I've run across few friends who run brokerage house and it's normal even on institutional level. They like to run stop loss. The best way to avoid getting fucked by these manipulations is using higher timeframe charts. You'll know more when u trade

trading currencies on fundamental events from a daytrading perspective mostly is to do with market positioning ahead of the econ release, are they building positions towards it or are they unwinding positions ahead? if there is a position building up, what kind of numbers are they expecting? if there is no market positioning, is there a higher priority of macro event later in the day or throughout the week? what kind of numbers moves the market? what of numbers will force these positions to cover? where are their potential stops? what numbers should price hold & not revisit back prior level? will they take profit immediately after release or are they using it to build position on another more important macro event? Then look into the charts & use technicals to draw out all these hypothesis, which scenario is most likely to happen with good risk/reward ratio, which scenario you dont want to trade, how you execute each scenario
If you noticed all these questions, they are all about them them them & their reaction towards that new information, not just actual better or worse than expected



as for central bank governor speeches, is there a release speech text at the turn of the hour or no, if no then we humans have a much better edge than the text to execution algos, what the market wants to see?
example last friday's yellen speech at jackson hole, we know from various sources the speech text will release on the fed website & on other news agencies like bloomberg, reuters cnbc etc at the turn of the hour so it is mostly likely text to execution algos will hit prices immediately based on the keywords in the text. Hedge/investment funds will take about 2-3 minutes to scan & digest her speeches. So we all already know janet's speech is hawkish but the market went the opposite direction. What went wrong? there seems to be no hint of a sept rate hike in the text. Later on fed fischer throw the dog bone to the market with 2 rate hikes this year.
What does 2 rate hikes implied? If you look in the fomc meeting calendar, they only have 3 meetings left this year, sept, nov, & dec but fomc meeting with press conference are left with 2. Traditionally rate hikes usually have press conference later on so nov month is out. That hints sept meeting could be a live. If fischer said there is 1 rate hike this year, it could implied that either sept or dec but based on fed fund rate futures probability the market is no rush to priced in their orders right now so market might continue go south or back to scene of the crime. These are some basics in speech analysis but there are other factors to put into considerations like fed member stances, forward guidance, dot plot projections etc. Sometimes even the color of the necktie or unusual changes in appearance may give hints *cough*draghi*cough*



market manipulation is an easier excuse from the retail side but to be fair UK statistic department occasionally leak before it came out, so you sometimes get to see aggressive trends 10-25 mins into the news

Hello,

I have a few questions which needs a few clarification.

1. If your earning in Forex trading, is it okay to withdraw the money to your account? Would it be taxable?
2. If I withdraw it to a company account and pay myself a salary. What type of detail shall I write on the company account?

Please advice.

Thank you.

No tax.
Please trade first become u setup new company

Thank you. Sent you a msg on further inquiries =D

ask here la then everyone can learn.

Hahahaa.. When I get the answer I'll post it out laa.. =D

Newbie here, want to ask, if only can withdrawal RM1000 back, how to withdraw the rest of profit portion? in my case, i plan to trade using Oanda.

Hi,

Anyone use Alpari as their broker?
Any good review??

Thanks.

he trusted such Aunty.. hahahah

sure lead him to holland

hi everyone, im new here and i've been trading forex for 9 years. Currently im using uob kayhian sg as my broker so i have no problem when i transferring my money to them. Now i am going to open a new account in alpari but some of the banks in malaysia refuse to do the TT transaction including maybank, uob, standchart... i've been successfully transfer small amount like USD300 to alpari using rhb bank and public bank. Anyone here can help me with the TT issue? thanks

Oanda Good Broker bro

I heard that if u wan setup up company and fund your forex money to the company u can register as financial advisor name cincai put.
but when buy car or house government will come audit your bank i dunno how to pass that... maybe drink kopi then can

1. At this moment, there is no tax from the government under tax act 1984 .. all revenues derived from oversea need not pay tax as tax has been declared oversea.

2. if the profits from forex is less than usd10000.. then u just bank in straight to your own local bank acct..
if you want use the profit to poise as income and later go get a loan gearing.. then create a proprietory company .. use as design company better.. dun use trading.. cos trading u need stock in and out.. design can put as any value.. 1 picture design can cost usd 50000 oso can ma

If they got neteller then use neteller or skrill depend on which one you prefer bro

The company is already registered quite some time ago while I was freelancing. And the profit just categories as design projects? They don't need any invoice or statement to justify?
Please advice. Thank you.

u can quote to anyone to anywhere... just create an invoice...bcos broker will pay u with third party bank or financial institution like JP morgan chase or moneynet.. when anyone ask... it should tally..and bcos u noy in millions profit... they willl normally stop at this phrase.