depends on currency pair..normally 2-3 pips.

if you use trading platform like MT4/5, it's even much easier to scalp. It will tell you the minimum profit (in points) you can take per transaction (Take Profit). just follow it. Once filled, just open another transaction of same pair.

tips for scalping is to keep the Take Profit level low, but open up as many transactions as possible. traders call it layers. cumulatively, it will be big at the end of day.

if you have total confident of market trending, then can increase the lot size.

Yep, I have thought this way too...

But here follows another doubt, when you make withdrawal, most brokers only refund back to your origin deposit source, if I depo with CC over 3k, which exceed my CC limit, then when I withdraw the same depo amount is it still go back to my CC or can by other payment solution?

Either you withdraw by cc at the atm machine... this will incur a few % of interest from the bank.

Or you use the money to pay some bills...

I prefer local depositor and TT for depo/withdrawal.

Hmm ok, I think I will just using back CC funding..

Thank you for given much suggestions

Yeah using mt4 platform.. But using handphone quite hard to scalp.. or maybe it's just me..

Mind to share your OP?

Use Debit Card

Have u tried sending thru Western Union ?
Can be done at pos Malaysia outlets. Fast and relatively much secure than TT.

Do we need to open up an account or we can directly send through Pos?

Ohh, this I haven't try before... Is there any extra charges for debit card? or does it same with using credit card?

Any chances bank will block you from transaction to forex company?

This one completely new to me... is this different with those e-wallet thingy?

Have not tried credit card. No extra charges, probably factored in exchange rate. Any deposit / withdrawal will directly linked to your banking account.

I see I see, its seems really convenient though compare with TT... actually do they have any difference? Since they also using bank account money do the transfer, but TT need more procedure...

time to load up EUR/USD at 1.1590 for reversal, grab your ticket before it is too late!

Not necessarily to have a western union acc.
Can be done in pos Malaysia or banks that are appointed WU medium. If doing by offline, it's to fill up a form with recipient and sender details.

There will be some charges for send transaction. Example for sending usd 500 will incur transaction charges about Rm 180 ~ 200, depending on latest currency exhange rate.

Usually if no issues can reach in a few hours to 24 hrs.
After send payment, call WU customer careline to track the transaction make sure it's arrived at recipient country ready for pickup.

The recipient must show their valid ID or passport for successful pickup.


Western Union has been used worldwide for quite long. It doesn't involve ewallet.



This post has been edited by Life_House: Oct 27 2017, 10:55 PM

i thought only is the beginning of down trend?
4 hours chart is head and shoulder?

yes, you are right. but then i don't trade based on pattern.
we shall see next week

Oh..
ok first time to hear that.
when i take a look at the weekly chart, it seems like a support zone after breaking the resistance and landed as support.
let see next week
cheers

Thanks. However, the fee is high though.

Want to ask sifu here, I check about negative balance protection, does it mean that I will not own a debt to the broker if I had made a poor trade?

u can always change broker if u have - balance

It simply means you won't lose more than your deposit. Broker won't ask you to pay back.