Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
123 Pages « < 10 11 12 13 14 > » Bottom

Outline · [ Standard ] · Linear+

 Forex version XVIII, Foreign Exchange Market Discussion

views
     
Alissa_1989
post Apr 27 2016, 04:48 PM

Getting Started
**
Junior Member
175 posts

Joined: Apr 2012
QUOTE(brotan @ Apr 27 2016, 03:58 PM)
so in short if there are no new investors to rescue the broker, you money is gone?
*
Personal viewpoint, it is divided into 2 cases.

Case 1 : reputed with license forex broker. There are always a group of ppl (black swam investor) always wait the forex broker in trouble and then immediately take over the control (stock) and own the company. Like what happened in insurance company AIA and ING.

Similar to casino license, the established forex license is very difficult to obtain. the rescue also reflects the change of management level, which also means the company name and agreement do not change , but staff inside all changed.


Case 2: low reputed broker. if low reputed broker, because of the license too easy to obtain or no license at all, obviously no investor will buy the stock, therefore the money is gone as the company disappear into air .

In your case, maybe u can divide ur investment into many reputed companies to reduce the risk of one company bankrupt since we are free to stick into any forex brokers.

But I much more interested on the strategy can win ten thousand days.
brotan
post Apr 27 2016, 04:49 PM

Look at all my stars!!
*******
Senior Member
2,392 posts

Joined: Dec 2009
QUOTE(Macau @ Apr 27 2016, 04:44 PM)
This following link may be helpful:
https://en.wikipedia.org/wiki/MF_Global
*
October 2011: MF Global transfers client account funds to its own account

that one is considered as crook lor. not supposed to do so
brotan
post Apr 27 2016, 04:51 PM

Look at all my stars!!
*******
Senior Member
2,392 posts

Joined: Dec 2009
QUOTE(Alissa_1989 @ Apr 27 2016, 04:48 PM)
Personal viewpoint, it is divided into 2 cases.

Case 1 : reputed with license forex broker.  There are always a group of ppl (black swam investor) always wait the forex broker in trouble and then immediately take over the control (stock) and own the company. Like what happened in insurance company AIA and ING.

Similar to casino license, the established forex license is very difficult to obtain. the rescue also reflects the change of management level, which also means the company name and agreement do not change , but staff inside all changed.
Case 2: low reputed broker.  if low reputed broker, because of the license too easy to obtain or no license at all, obviously no investor will buy the stock, therefore the money is gone as the company disappear into air .

In your case, maybe u can divide ur investment into many reputed companies to reduce the risk of one company bankrupt since we are free to stick into any forex brokers.

But I much more interested on the strategy can win ten thousand days.
*
if you can win ten thousands days, but broker insolvent + lousy broker, also no point right?

got strategy can get 10k days? interested biggrin.gif
Macau
post Apr 27 2016, 05:04 PM

Getting Started
**
Junior Member
115 posts

Joined: Aug 2015


QUOTE(brotan @ Apr 27 2016, 04:49 PM)
October 2011: MF Global transfers client account funds to its own account

that one is considered as crook lor. not supposed to do so
*
The MF Global bankruptcy was the largest Wall Street firm to collapse since the Lehman Brothers incident in September 2008. One of the main reasons for its fail is because of the lack of needed regulatory.

Below is the latest updates for their Singapore customers:
http://www.mfglobal.com.sg/

That's why I prefer to use MAS regulates brokers.
brotan
post Apr 27 2016, 05:14 PM

Look at all my stars!!
*******
Senior Member
2,392 posts

Joined: Dec 2009
QUOTE(Macau @ Apr 27 2016, 05:04 PM)
The MF Global bankruptcy was the largest Wall Street firm to collapse since the Lehman Brothers incident in September 2008. One of the main reasons for its fail is because of the lack of needed regulatory.

Below is the latest updates for their Singapore customers:
http://www.mfglobal.com.sg/

That's why I prefer to use MAS regulates brokers.
*
what about australia?
Macau
post Apr 27 2016, 05:31 PM

Getting Started
**
Junior Member
115 posts

Joined: Aug 2015


QUOTE(brotan @ Apr 27 2016, 05:14 PM)
what about australia?
*
I have a small account with Pepperstone; in term of safety of funds, I think ASIC regulated brokers are okay if compared to those Cyprus, BVI, Saint Vincent and the Grenadines brokers.
brotan
post Apr 27 2016, 05:34 PM

Look at all my stars!!
*******
Senior Member
2,392 posts

Joined: Dec 2009
QUOTE(Macau @ Apr 27 2016, 05:31 PM)
I have a small account with Pepperstone; in term of safety of funds, I think ASIC regulated brokers are okay if compared to those Cyprus, BVI, Saint Vincent and the Grenadines brokers.
*
btw, if they follow the rules strictly, meaning funds by investors are purely use for the investors' trading purpose but then the broker goes bust and their asset is less than liabilities, by law the investors' money can be used to pay off the liabilities?
demolationz
post Apr 27 2016, 05:55 PM

LYN Dedicated Member
*******
Senior Member
2,250 posts

Joined: Oct 2009
From: Bangi : Serdang : Sitiawan



QUOTE(tararan @ Apr 27 2016, 02:21 PM)
Nice analysis, Sifu demolationz

too bad I went for lunch just now forgot to bring along my phone. missed the timing  bye.gif

Anyway I'm also new here, nice meeting u guys. hope can learn more tactic and knowledge in forex.
*
Hi, nice to meet you. thumbup.gif
I'm no sifu, just part time scammer here. HAHA
demolationz
post Apr 27 2016, 06:01 PM

LYN Dedicated Member
*******
Senior Member
2,250 posts

Joined: Oct 2009
From: Bangi : Serdang : Sitiawan



QUOTE(OmiCatFace @ Apr 27 2016, 02:11 PM)
sifu... can teach me what method u using for ur Fibo? and the purpose of this method? the way i use my Fibo tak sama la dgn sifu punya....  icon_question.gif
*
can teach me what method u using for ur Fibo?
» Click to show Spoiler - click again to hide... «


purpose of this method?
» Click to show Spoiler - click again to hide... «


the way i use my Fibo tak sama la dgn sifu punya
» Click to show Spoiler - click again to hide... «


This post has been edited by demolationz: Apr 27 2016, 06:02 PM
demolationz
post Apr 27 2016, 06:02 PM

LYN Dedicated Member
*******
Senior Member
2,250 posts

Joined: Oct 2009
From: Bangi : Serdang : Sitiawan



QUOTE(normeck @ Apr 27 2016, 02:24 PM)
demolition use Fibo Musang...
*
Macam mana ? Boleh buat ? laugh.gif
brotan
post Apr 27 2016, 06:08 PM

Look at all my stars!!
*******
Senior Member
2,392 posts

Joined: Dec 2009
QUOTE(demolationz @ Apr 27 2016, 06:01 PM)
can teach me what method u using for ur Fibo?
» Click to show Spoiler - click again to hide... «


purpose of this method?
» Click to show Spoiler - click again to hide... «


the way i use my Fibo tak sama la dgn sifu punya
» Click to show Spoiler - click again to hide... «

*
sure. What can you give something in return?

This is a legend statement rclxms.gif
Macau
post Apr 27 2016, 08:01 PM

Getting Started
**
Junior Member
115 posts

Joined: Aug 2015


QUOTE(brotan @ Apr 27 2016, 05:34 PM)
btw, if they follow the rules strictly, meaning funds by investors are purely use for the investors' trading purpose but then the broker goes bust and their asset is less than liabilities, by law the investors' money can be used to pay off the liabilities?
*
I wrote to KGI about your question, below is their reply:

Security of Money
· KGI Ong Capital Singapore is currently regulated under the MAS rules and regulations, and MAS has a specific requirement that we would have to segregate client funds in a separate trust account. As such, we can never, and cannot co-mingle our own funds with our client funds.
tararan
post Apr 27 2016, 08:17 PM

Casual
***
Junior Member
328 posts

Joined: Nov 2007
From: Penang
QUOTE(demolationz @ Apr 27 2016, 05:55 PM)
Hi, nice to meet you.  thumbup.gif
I'm no sifu, just part time scammer here. HAHA
*
Huh... I don't see any scam post by u yet.. All are $$$ post lol

Any tips before tonight US news? smile.gif
sleepwalker
post Apr 27 2016, 08:22 PM

Need sleep....
Group Icon
Staff
5,568 posts

Joined: Jan 2003
From: the lack of sleep


QUOTE(Macau @ Apr 27 2016, 08:01 PM)
I wrote to KGI about your question, below is their reply:

Security of Money
·      KGI Ong Capital Singapore is currently regulated under the MAS rules and regulations, and MAS has a specific requirement that we would have to  segregate client funds in a separate trust account. As such, we can never, and cannot co-mingle our own funds with our client funds.
*
Regulations are like rules. It can be broken. They show the regulators that they segregate the accounts but regulation does not prevent them from dipping their hands into the cookie jar like what MF Global did. They also had segregated account but they also dip their hands into it. Usually by the time the regulatory body finds out, it's already too late.
normeck
post Apr 27 2016, 08:59 PM

Look at all my stars!!
*******
Senior Member
3,158 posts

Joined: Dec 2006


ni account demo.... testing FIBO


Attached thumbnail(s)
Attached Image
demolationz
post Apr 27 2016, 09:09 PM

LYN Dedicated Member
*******
Senior Member
2,250 posts

Joined: Oct 2009
From: Bangi : Serdang : Sitiawan



QUOTE(normeck @ Apr 27 2016, 08:59 PM)
ni account demo.... testing FIBO
*
Goodluck sifu. Happy green pips! notworthy.gif
normeck
post Apr 27 2016, 09:12 PM

Look at all my stars!!
*******
Senior Member
3,158 posts

Joined: Dec 2006


QUOTE(demolationz @ Apr 27 2016, 09:09 PM)
Goodluck sifu. Happy green pips!  notworthy.gif
*
yay only got pips! no money involve! icon_rolleyes.gif
demolationz
post Apr 27 2016, 09:13 PM

LYN Dedicated Member
*******
Senior Member
2,250 posts

Joined: Oct 2009
From: Bangi : Serdang : Sitiawan



QUOTE(tararan @ Apr 27 2016, 08:17 PM)
Huh... I don't see any scam post by u yet.. All are $$$ post  lol

Any tips before tonight US news?  smile.gif
*
No hint yet. icon_idea.gif

This post has been edited by demolationz: Apr 27 2016, 09:22 PM
demolationz
post Apr 27 2016, 09:14 PM

LYN Dedicated Member
*******
Senior Member
2,250 posts

Joined: Oct 2009
From: Bangi : Serdang : Sitiawan



QUOTE(normeck @ Apr 27 2016, 09:12 PM)
yay only got pips! no money involve!  icon_rolleyes.gif
*
Come. I invest with you. rclxs0.gif
demolationz
post Apr 28 2016, 12:34 AM

LYN Dedicated Member
*******
Senior Member
2,250 posts

Joined: Oct 2009
From: Bangi : Serdang : Sitiawan



QUOTE(demolationz @ Apr 25 2016, 12:42 PM)
Just got back from KK, not much. Just looking at USDCHF at the moment. What do you think ? unsure.gif

Attached Image

*
Lock profit guys. Its getting tense now. notworthy.gif

Attached Image



123 Pages « < 10 11 12 13 14 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0298sec    0.28    6 queries    GZIP Disabled
Time is now: 3rd December 2025 - 06:24 PM