If I am buying Malaysian ringgit and selling Korean won, do I count as doing Forex?

SIS,
Looks like you are a new trader who needs to copy a signal because you are unable to trade by yourself profitably.
My suggestion is myfxbook or Zulutrade.

This is basically trading currencies without holding the physical currency it self.
But yeah if u do that physically it counts as forex as well.But what we doing here is basically trading all the forex by using a platform

This post has been edited by 4lenAngel: Sep 12 2016, 06:51 PM

I thought Forex is short for foreign exchange?

So, this thread is more on shorting and holding?

Forex is an abbreviation of Foreign Exchange.
This thread is about anything related to forex.
Shorting or holding foreign exchange has very little meaning or no meaning at all to be segregated into threads as, if you are holding a currency you are going to be shorting another currency because forex always works in pairs.

Dear Moderator,

Kindly investigate and ban this user as he/she is promoting a gambling website in the Forex section.

Goodbye my friend and I hope it is not much of a trouble for you to create a new user ID, if you are hardworking.

My bad, that holds true but if you have a potential rate hike from the FED then AUD will probably weaken.

well.. I am just a trader.
Buy MYR, sell KRW.
Found a way to transfer MYR to Korean banks with rates lower than market xe.com rate

Mainly to tourists.

This post has been edited by koonghx: Sep 12 2016, 10:27 PM

Good business, good money, but it is illegal. Beware.

EDIT: Unless you are licensed.

This post has been edited by troller2: Sep 12 2016, 10:40 PM

Illegal?

Yes it's illegal. You can check at the BNM website.

Oh well.. Isn't it normal for people to change money with friends?

You have to change with a licensed money changer.

Ok guys as i said the volatility starting this month gonna be havoc. We are expecting quite High impact data news for Eur n USD. n CAD. So always keep an eye on news data.. before goin in a trade.
Always check with http://www.forexfactory.com/calendar.php or
http://www.investing.com/news/forex-news
http://www.investing.com/economic-calendar/

Market been bouncing up n down today.. with no real action..


This post has been edited by 4lenAngel: Sep 13 2016, 01:45 AM

Any Harmonic Pattern Traders here?

Decided to take off all my orders offline. Made a respectable 7 dollars (lol) in total. Understanding that a volatile market can be good if made with the right insight and patience so now... just waiting for all the respective news to emerge before making my next move.

Also, I've heard that news about Euro is to be positive later this afternoon. What do you guys think?

Usually I won't trade news pairs. Too volatile for my liking. Normally wait until things settle down before entering

Hi there.

Can I know which pair do you normally trade?
I am aware of the volatility of news pairs too.

Thanks.

I trade anything, as long as my broker platform carries it: forex, stocks, commodities. Not fussy as long as the price action looks promising. Understanding relationship between forex pairs and specific commodities helps, eg relationship between crude and USD or CAD If stocks, then maybe factor in news related.

Trendlines are showing that EURUSD will go very bearish. What do you guys think?