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 Forex version XVIII, Foreign Exchange Market Discussion

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9kingsir
post Aug 18 2016, 02:45 AM

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QUOTE(hehe86 @ Aug 17 2016, 09:25 PM)
Meaning if i risk 50pips, currently in the money more than 50 pips say, 70 pips, so what is the best way to manage the SL
Yea i also think that at least move to Breakeven when that happens. Need to train on this. Ego tends to kick in "Either let me win alot or just hit my SL"
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babe.. if your RR =1:1 and u feel like want more .. let say now is profit 50 pip.. n u think still can profit till 100pip.. then please use TS 30pip.. so when it retrace 30pips and automatically close... u still have 20pip in hand.. rclxms.gif
9kingsir
post Aug 19 2016, 01:48 PM

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QUOTE(hehe86 @ Aug 18 2016, 03:18 AM)
thanks for the advice. Sounds good, better than BE. is there any percentage you used? TS 30 pips, something like 60% of risk? Example, risk 50pips, current price > 50 pips, so TS = 60% of 50 pips = 30 pips?
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depend on your appetite and fund... 50pip not enough? get 30pip good enough oredi console.gif
9kingsir
post Aug 27 2016, 02:07 AM

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QUOTE(imthebrand @ Aug 26 2016, 11:40 PM)
I asked XM before about this situation too. Here is what they mean.

Example:
Your deposit RM 1000 from your card you can only withdrawal RM 1000 back to your card and for the balance in your XM account you can withdraw it to Neteller which I recommended or you can choose any of their others option.
I want to ask all professional guy how do you trade with fundamental analysis? I am currently new to forex too.
I see news at Forex Factory and lets say a pairing like USD/JPY. Now a news about USD is about to start it say if Actual > Forecast good for currency means USD will go up? Then should I buy the pair before the news or after the news and result announce? Hope to get reply soon.
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my good fren.... answer to fundamental is not as easy....

All this fundamental stuff is super complicated plus if u r not economic student b4..

Actual > forcast-=good currency.. is very basic stuff...

there is 3 things as i have observed through my years watching..

1. during big news - sometimes it happen half hour b4 release news..sometimes on the dot...sometime halfhour later
2. there is 3 facts can b observe-example.. actual < forecast but better than previous.. can be downward abit then upwards
3. sometime its good news but the trend went all the opposite way ( market manipulation)

just my 1cents shakehead.gif

This post has been edited by 9kingsir: Aug 27 2016, 02:08 AM
9kingsir
post Aug 29 2016, 08:01 PM

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QUOTE(joblessman @ Aug 28 2016, 06:27 PM)
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.
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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

9kingsir
post Aug 30 2016, 04:12 AM

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QUOTE(joblessman @ Aug 30 2016, 12:50 AM)
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.
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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.
9kingsir
post Aug 31 2016, 05:31 AM

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sick jor... anyway..happy merdeka....



9kingsir
post Sep 1 2016, 05:32 AM

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QUOTE(lowya @ Aug 31 2016, 02:00 PM)
if design company, what if they ask u to produce your design proof?

wouldn't consultancy/advisory/management better?
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design proof easy ma... u justthrow paint to empty paper.. wala.. cost usd10000... abstract picture brows.gif brows.gif brows.gif tongue.gif

consultancy need contract or permanent appointed letter rclxms.gif
9kingsir
post Sep 6 2016, 12:20 AM

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QUOTE(andrewcha @ Sep 5 2016, 07:18 PM)
While everyone talking about withdraw money, I in the other case keep using demo. Fml
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WHILE OTHERS asking withdrawal... i like to ask holy grail brows.gif
9kingsir
post Oct 14 2016, 02:19 PM

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QUOTE(David Keong @ Oct 14 2016, 11:46 AM)
Thanks for the info Sharpshooter! U the best! If taxable I think need to downgrade civic to city d.. mega_shok.gif  mega_shok.gif  mega_shok.gif
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civic u kena tax kaw kaw from malaysia govt bangwall.gif bangwall.gif bangwall.gif bangwall.gif console.gif

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