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 Forex Version 19, Foreign Exchange Market Discussion

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mms_muaz
post Dec 7 2016, 01:06 AM

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hello guys can i ask is bank also offered forex n how much does d cost n can anyone tell me d differences between d online n the bank forex
Johnhun
post Dec 7 2016, 08:45 AM

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QUOTE(mms_muaz @ Dec 7 2016, 01:06 AM)
hello guys can i ask is bank also offered forex n how much does d cost n can anyone tell me d differences between d online n the bank forex
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google bro spread high leverage small and many things
Johnhun
post Dec 7 2016, 08:46 AM

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QUOTE(AllnGap @ Dec 7 2016, 12:32 AM)
whole week shitty movement due to Thursday ECB rate announcement
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looking forward to ECB too


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cmk96
post Dec 7 2016, 09:19 AM

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QUOTE(kaifahalas @ Dec 6 2016, 11:38 PM)
Hi guys,

is it true BNM recently is monitoring big forex funds money transfer through local bank account?
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how much is "big"?

have your make the transfer before?
4lenAngel
post Dec 7 2016, 06:01 PM

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simple... open acc with brokers which provides debit cards. 0 transaction fee. Withdraw from anywhere in the world. OR most brokers accept Neteller . Open acc n apply for Neteller debit card. Neteller somehow charging $25 usd for debit card.
This way u can avoid being observed by BNM smile.gif
Im using both XM n Neteller. No hassle.. instant withdrawals. Just some charges when u withdraw cash from ATM.. But its still lower thn those processing fees n charges.
Recently i was asked by BNM to provide some proves where the fund came from. Withdrew $7.5k a week . ranting.gif
I had to withdraw at that time coz i was closing an existing broker acc.

This post has been edited by 4lenAngel: Dec 7 2016, 06:08 PM
holocauster
post Dec 7 2016, 06:35 PM

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QUOTE(4lenAngel @ Dec 7 2016, 06:01 PM)
simple... open acc with brokers which provides debit cards. 0 transaction fee. Withdraw from anywhere in the world. OR most brokers accept Neteller . Open acc n apply for Neteller debit card. Neteller somehow charging $25 usd for debit card.
This way u can avoid being observed by BNM smile.gif
Im using both XM n Neteller. No hassle.. instant withdrawals. Just some charges when u withdraw cash from ATM.. But its still lower thn those processing fees n charges.
Recently i was asked by BNM to provide some proves where the fund came from. Withdrew $7.5k a week .  ranting.gif
I had to withdraw at that time coz i was closing an existing broker acc.
*
BNM can detect us using XM and Neteller card?
4lenAngel
post Dec 7 2016, 06:40 PM

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Nope
4lenAngel
post Dec 7 2016, 06:41 PM

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The withdrawal i requested was wire transfered to my cimb acc. Thats why they asked me to provide some supporting papers before they release it.
But before that im using Neteller.. i had no problem at all.

This post has been edited by 4lenAngel: Dec 7 2016, 06:41 PM
sharpshooter85
post Dec 7 2016, 06:41 PM

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Guys, quite a bad news for traders here. CySEC and FCA are proposing to cap leverage at 1:50 for forex brokers under their regulation. This is similar move which has been done by NFA to US forex brokers.

More details on this matter:

FCA to cap leverage to 1:50

CySEC to cap leverage to 1:50

Not all ppl have big capital to start with and such moves will surely hurts them. With high leverage, they can increase capital from small deposit and a wise trader will decrease its leverage as his/her account grows. Even I myself started from USD100 and grow it till USD5000 with high leverage and now I trade with 1:200 max.

The big deal is, we still have ASIC and other (belize, republic of vanuatu etc regulated) broker left (but I prefer ASIC regulated broker though) tongue.gif
4lenAngel
post Dec 7 2016, 06:54 PM

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QUOTE(sharpshooter85 @ Dec 7 2016, 06:41 PM)
Guys, quite a bad news for traders here. CySEC and FCA are proposing to cap leverage at 1:50 for forex brokers under their regulation. This is similar move which has been done by NFA to US forex brokers.

More details on this matter:

FCA to cap leverage to 1:50

CySEC to cap leverage to 1:50

Not all ppl have big capital to start with and such moves will surely hurts them. With high leverage, they can increase capital from small deposit and a wise trader will decrease its leverage as his/her account grows. Even I myself started from USD100 and grow it till USD5000 with high leverage and now I trade with 1:200 max.

The big deal is, we still have ASIC and other (belize, republic of vanuatu etc regulated) broker left (but I prefer ASIC regulated broker though) tongue.gif
*
wow u must've had good money management biggrin.gif to grow 100 up to 5k biggrin.gif
I started mine with 300 blew it the 1st time.. hahahaa N now after few years.. im sure 100 is still ok to grow it biggrin.gif even 50 would be suffice with good RR ratio.

This post has been edited by 4lenAngel: Dec 7 2016, 06:56 PM
sharpshooter85
post Dec 7 2016, 07:01 PM

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QUOTE(4lenAngel @ Dec 7 2016, 06:54 PM)
wow u must've had good money management biggrin.gif to grow 100 up to 5k biggrin.gif
I started mine with 300 blew it the 1st time.. hahahaa N now after few years.. im sure 100 is still ok to grow it biggrin.gif even 50 would be suffice with good RR ratio.
*
Yeaaahhh it took me a long time though.. Almost half year biggrin.gif

Kevler much better than me.. He started with usd50 and managed to grow it to usd4k.. notworthy.gif


4lenAngel
post Dec 7 2016, 07:04 PM

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QUOTE(sharpshooter85 @ Dec 7 2016, 07:01 PM)
Yeaaahhh it took me a long time though.. Almost half year biggrin.gif

Kevler much better than me.. He started with usd50 and managed to grow it to usd4k.. notworthy.gif
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Roughly how many pips u making a month?
holocauster
post Dec 7 2016, 07:10 PM

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QUOTE(sharpshooter85 @ Dec 7 2016, 06:41 PM)
Guys, quite a bad news for traders here. CySEC and FCA are proposing to cap leverage at 1:50 for forex brokers under their regulation. This is similar move which has been done by NFA to US forex brokers.

More details on this matter:

FCA to cap leverage to 1:50

CySEC to cap leverage to 1:50

Not all ppl have big capital to start with and such moves will surely hurts them. With high leverage, they can increase capital from small deposit and a wise trader will decrease its leverage as his/her account grows. Even I myself started from USD100 and grow it till USD5000 with high leverage and now I trade with 1:200 max.

The big deal is, we still have ASIC and other (belize, republic of vanuatu etc regulated) broker left (but I prefer ASIC regulated broker though) tongue.gif
*
I just checked my broker is licensed by FCA, CySEC, and ASIC. What does it mean? blush.gif
hehe86
post Dec 7 2016, 07:12 PM

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CySec sucks isnt it? Better to avoid CySec

Edit: Can google more about IronFx (which my fund still stuck for more than a year with them) which regulated by CySec

This post has been edited by hehe86: Dec 7 2016, 07:12 PM
sharpshooter85
post Dec 7 2016, 07:54 PM

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QUOTE(4lenAngel @ Dec 7 2016, 07:04 PM)
Roughly how many pips u making a month?
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About 500-600 pips per month

QUOTE(holocauster @ Dec 7 2016, 07:10 PM)
I just checked my broker is licensed by FCA, CySEC, and ASIC. What does it mean?  blush.gif
*
Maybe this will affect brokers with respective branch / countries only.. For example, after NFA / CFTC imposed 1:50 leverage cap on US retail forex brokers, only FXCM US is affected.. FXCM UK and FXCM AU still offer 1:400 leverage..

Similar action will be taken once this proposal enforced by FCA and CySEC.. And most of us here trade with CySEC brokers lol (XM, Exness, FxPrimus etc)

Once this rule is put in place, the only choice we have is to migrate to ASIC and other regulated broker..
sharpshooter85
post Dec 7 2016, 07:58 PM

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QUOTE(hehe86 @ Dec 7 2016, 07:12 PM)
CySec sucks isnt it? Better to avoid CySec

Edit: Can google more about IronFx (which my fund still stuck for more than a year with them) which regulated by CySec
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Some are sucks, some are good.

Xm, exness and fxprimus are good CySEC brokers

But it is agreed that few bad apples have tarnished CySEC as a whole and give negative perception

Really sorry to hear your ordeal with IronFx. Some ppl say they are bucketshop broker.
troller2
post Dec 7 2016, 08:57 PM

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QUOTE(4lenAngel @ Dec 7 2016, 07:04 PM)
Roughly how many pips u making a month?
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Bro, you scalp or a swing trader? How long you hold your position normally?
cmk96
post Dec 7 2016, 10:34 PM

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QUOTE(4lenAngel @ Dec 7 2016, 06:01 PM)
simple... open acc with brokers which provides debit cards. 0 transaction fee. Withdraw from anywhere in the world. OR most brokers accept Neteller . Open acc n apply for Neteller debit card. Neteller somehow charging $25 usd for debit card.
This way u can avoid being observed by BNM smile.gif
Im using both XM n Neteller. No hassle.. instant withdrawals. Just some charges when u withdraw cash from ATM.. But its still lower thn those processing fees n charges.
Recently i was asked by BNM to provide some proves where the fund came from. Withdrew $7.5k a week .  ranting.gif
I had to withdraw at that time coz i was closing an existing broker acc.
*
Your info is abit incorrect/outdated...

1) Neteller no longer support its debit card withdrawal in Malaysia since 25/11/2016.

Attached Image

2) XM debit card do charge a 2% fee per withdrawal (max RM3k per withdrawal at M'sia atm, 2% is RM60 withdrawal fee). I used them before, the exchange rate was horrible too.

Attached Image

Now i use local depositor and wire transfer. Much less hassle and cheaper.





microsun2000
post Dec 7 2016, 10:59 PM

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QUOTE(4lenAngel @ Dec 6 2016, 10:19 AM)
Waiting retracemnt biggrin.gif
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haha u use shved supply and demand indicator
seems its a tp for you, almost 150pips

4lenAngel
post Dec 8 2016, 01:21 PM

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QUOTE(troller2 @ Dec 7 2016, 08:57 PM)
Bro, you scalp or a swing trader? How long you hold your position normally?
*

LOL bro u seen my charts before in my previous posts in the previous version thread. I dont scalp.

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