Usually i use my trading view and draw my own supply n demand. But yeah shved S&D helps . But u still need to understand how SUpply & demand works too
And S&D is not the only Indication i use for entry.

Yes the neteller cant be used as for now... Ive been using the Neteller for almost 2 years now. But that was the option i was using previously. But from wht i get to know from the support team from Neteller.. there will be a new card. Either true or not we'll know soon enough. It has something to do MYR or for some the pin issue. But u can always request NEtteller to send u a cheque, SO it will be another way to cash out.


And as for XM... I did said tht there are abit of Withdrawal charges from local atms for withdrawals.. but not so expensive like withdrwal fees charges which was charged directly from brokers.. and theres also some fees charged by our bank itself. Not to mention the gst .

The wire transfers are what alerted the BNM to show my proofs..sigh.

This post has been edited by 4lenAngel: Dec 8 2016, 01:45 PM

I also received a wire transfer from my broker this week. No calls from BNM or bank. My amount is higher than 7.5k usd.
Maybe there is something yet we can understand.

eh EUR already spike, i thought 9.30 only starts the ECB ocnference?

Yes, press conference at 9.30 but changes to length and amount of QE were already announced at 8.45.

Ah i c. May i know where to get latest update before hand? Myfxbook?

those interest rate related announcement better stay away 2 days before it.
sometimes they 'prepare' the movement for a few days before the real move comes.

sometimes the central bankers will "manage" (aka manipulate) them.
i observe many times their announcement will cause a big swing, usually they will shift it away to prevent that swing from breaking key levels that they dunt wanna break.

can manipulate for a few days wan

Ahh, and here i thought any news best to avoid 30 mins before and after then only decide the trade... hmmm

30 min is the sudden big swing, but the preparation move can lasts for 3days.

u see slow climb abnormal move before FOMC meeting or yellen speech

and usually they move the swing away from key price levels.

now all the robots are using key words to front run everything.
those CentralBankers said wrong thing within miliseconds it move 100pips.
no humans can trade like that

This post has been edited by AllnGap: Dec 8 2016, 11:26 PM

Any non-lose robot you know ?

suppose your account in USD, each time u pay for something in RM using the debit card, you have to pay for the conversion rates right?

and how much is the charges to do ATM withdrawal?

Neteller $25 is it annual fee or one time only?

hedge funds spend millions to build robot.
they are basically based on 2 criteria (or edges we dont have)
1. orders (which u need to pay USD100k/monthly for actual exchange data)
2. speed (scalp momentum moves)

none of which is technical based, while FX brokers encourage robots with 5,000% gains yearly. WHY ?
because they know eventually the robot will burn the whole account because mostly technical based which is scenario based.

think of this
the market is like weather, unpredictable, different possibilities.
how can u apply rigid system to capture all ranges of scenario. how can a rigid system be flexible yet profitable to fit all different scenarios.
deswai brokers all welcome robot traders and love to promote them. free money for them

This post has been edited by AllnGap: Dec 9 2016, 12:47 PM

https://www.neteller.com/en/fees
THE $25 is only 1 time handling fee. no annual fees.

Apparently there have been some changes bout the withdrawal fees... need top update about these fees. Another cheaper way is Payoneer. Is there any1 using payoneer here?

This post has been edited by 4lenAngel: Dec 9 2016, 02:43 PM

I used payoneer before, but it no longer work for Malaysia after the GST date last year. The application fee and charges just paid and get for nothing now.

Based on my experience, those withdraw methods are changing from time to time, you cannot rely on solely one method forever. Just need to be sensitive to relevant news. Forget about the small charges or fees because methods are always changing.

This post has been edited by Alissa_1989: Dec 10 2016, 11:01 AM

Hello! Frequent lurker around here and just wanted to ask how you got away with BNM? If I'm not mistaken forex trading is still illegal in Malaysia right ?

Get away from BNM?
No problem really, transferring money outside for "FOREX investment" purpose...

bro who the hell say forex is illegal but there are many grey area in forex trading just becareful.
mlm+forex company sure illegal la what every month confirm return 20% all fake. like infondcrop dunno what golden egg and many others.
what i heard is actually the banks like maybank cimb hlb they monitor your account and then they see something is wrong they report to bnm then bnm will come and knock your door and u just need to proof the origin of the money and how u get it. so far i never heard someone been arrested for trading forex(Real Broker Not MLM COMPANY)

Anyone use TOPPRO FX, http://www.topprofx.com/index.php

kindly share the experience or which platform better

Thanks

Haha sorry bro, just that I come across all the forex blogs and etc based on Msia stating it could be and could not be illegal and it confuses me xD. Means if I do trade with XM (how do i verify theyre real brokers ?) and they do come, I tell them it's forex trading through this website and they'll let me go?

Your reply is very much appreciated!! Have been wondering on this issue and googling for related topics but cant seem to get a clear answer

Kindly check previous post.