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> Forex Version 20, Foreign Exchange Market Discussion

zul_sur
post Feb 11 2019, 11:12 PM

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lyn got community meetup outside? or only here?
bbhing98
post Feb 12 2019, 10:48 AM

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QUOTE(roxx @ Feb 11 2019, 10:51 AM)
I think it's best for you to avoid some brokers from Malaysia. I have issues with GMI and Premierfx before.

Have you trade before? If not, it's best for you to find a community or a group for you to learn and share your analysis with others.
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QUOTE(woonsc @ Feb 11 2019, 11:41 AM)
I am new atm. Do you have any community? Can pm me
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would like to join any community/chat/channel
zul_sur
post Feb 12 2019, 11:00 AM

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QUOTE(roxx @ Feb 11 2019, 10:51 AM)
I think it's best for you to avoid some brokers from Malaysia. I have issues with GMI and Premierfx before.

Have you trade before? If not, it's best for you to find a community or a group for you to learn and share your analysis with others.
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Care to story a bit whats the issue? Can beware also next time
azhan82
post Feb 12 2019, 11:25 AM

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used to have ZQ giving out free signals on telegram..
wonder what happen to him/her biggrin.gif
cmk96
post Feb 12 2019, 03:26 PM

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Forex income taxable? what you guys think?


https://www.quora.com/Do-I-need-to-pay-Mala...y-i-e-Hong-Kong

ched6560
post Feb 12 2019, 08:02 PM

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QUOTE(woonsc @ Feb 10 2019, 09:25 AM)
Hi, would love to know what's the best Forex Broker for Malaysian currently?
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You can find info thru website like forexfactory, babypips, forexpeacearmy, etc.

I like to find info in forexpeacearmy. If that broker good, they'll answer any problem there.
Mr. WongSF
post Feb 12 2019, 10:01 PM

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QUOTE(woonsc @ Feb 10 2019, 09:25 AM)
Hi, would love to know what's the best Forex Broker for Malaysian currently?
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see my siggy. me is use this for many year.

was wif migfx b4 they were bought over by swissquote
Mr. WongSF
post Feb 12 2019, 10:04 PM

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QUOTE(zul_sur @ Feb 6 2019, 02:05 PM)
a brief one, the idea is wait for major news only. been looking at the history only high impact can be trusted for this, med and low doesnt guaranteed the spike. open 5 mnt before news, buy and sell at the same time, sl 150pips, tp 400pips. for both.

so far its quite good for me but need more run to polish the system and to know if its just new system luck or this can work. but it will be limited to zero spread or fix spread as i'm not sure if the spread widen can kill the acc or not. can also be used in rempit acc. hahaha
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but this is just like trapping strategy. u can get whipsawed if the break is not clean.

used to have clean breaks for US CPI, NFP, German ZEW, etc.

but nowadays, not anymore.
zul_sur
post Feb 12 2019, 11:04 PM

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QUOTE(Mr. WongSF @ Feb 12 2019, 10:04 PM)
but this is just like trapping strategy. u can get whipsawed if the break is not clean.

used to have clean breaks for US CPI, NFP, German ZEW, etc.

but nowadays, not anymore.
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before whipsaw happen it will hit tp first. but if there are rare cases where it whipsaw to hunt my sl, then so be it, sl is there to protect it from mc. and since this is for my rempit acc, i can full margin before news and let it go to see if it can hit tp.
cmk96
post Feb 14 2019, 07:46 PM

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Attached Image
sabelt
post Feb 15 2019, 12:28 PM

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QUOTE(Mr. WongSF @ Feb 13 2019, 08:41 PM)
Elliot Wave for 50k! Gosh! No!!
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if lazy to test 10,000 types of indicators and testing ...then must pay 50k LOL...
those fellas play more than 20 lots TP 5-20 pips scalping..more like gambling but know how to beat the house with minimal risk...must have big balls if you see huge negative losses during scalping period.
paogeh
post Feb 16 2019, 06:08 PM

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Would like to ask serious questions ,

How do u guys transfer back big amount from FX profit ?
Eg USD5K/USD100k ??

For small amount USD1000 , normal wire transfer should be fine.
Big amount , not sure if local bank would block those transactions .....





ched6560
post Feb 17 2019, 08:56 PM

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QUOTE(paogeh @ Feb 16 2019, 06:08 PM)
Would like to ask serious questions ,

How do u guys transfer back big amount from FX profit ?
Eg USD5K/USD100k  ??

For small amount USD1000 , normal wire transfer should be fine.
Big amount , not sure if local bank would block those transactions .....
*
As a trader, to achieve amount withdraw USD 100k per month, It's cannot done overnight or in short time.

It's will happen step by step. When you become a trader, you bank acc must be active. Bank will offer you private banking when you achieve certain amount.

When bank recognize you as a "big client", so, normally don't have any issue.

This post has been edited by ched6560: Feb 17 2019, 08:56 PM
mrdamncool
post Feb 17 2019, 10:21 PM

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QUOTE(ched6560 @ Feb 17 2019, 08:56 PM)
As a trader, to achieve amount withdraw USD 100k per month, It's cannot done overnight or in short time.

It's will happen step by step. When you become a trader, you bank acc must be active. Bank will offer you private banking when you achieve certain amount.

When bank recognize you as a "big client", so, normally don't have any issue.
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Will the income tax come and knock the door? I do have a friend, doing online business got question by the income tax due to sudden increase of money in personal bank account.

They gave him letter for him to testify his transaction at their office in KL.
paogeh
post Feb 17 2019, 10:53 PM

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QUOTE(mrdamncool @ Feb 17 2019, 10:21 PM)
Will the income tax come and knock the door? I do have a friend, doing online business got question by the income tax due to sudden increase of money in personal bank account.

They gave him letter for him to testify his transaction at their office in KL.
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that;s why i;m asking ....
what;s the best way to bring those overseas profit in USD ......


Mr. WongSF
post Feb 18 2019, 01:20 AM

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QUOTE(paogeh @ Feb 17 2019, 10:53 PM)
that;s why i;m asking ....
what;s the best way to bring those overseas profit in USD ......
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Remember when you opened your bank a/c & had to fill up 'that' form, in order for you to make a deposit into your broker a/c successfully?

Remember one of the boxes you checked, stating that the funds are for 'financial investment/instrument, etc'?

So assuming that you have indeed made a killing in the financial markets, & would like to bring home your profits, the best way is to declare.

Yup. Declare your profits & pay your taxes! Then it doesn't matter whatever amount you bring home.

Regards


or you can ask cmk96 what's his usual MO laugh.gif


paogeh
post Feb 18 2019, 08:32 AM

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QUOTE(Mr. WongSF @ Feb 18 2019, 01:20 AM)
Remember when you opened your bank a/c & had to fill up 'that' form, in order for you to make a deposit into your broker a/c successfully?

Remember one of the boxes you checked, stating that the funds are for 'financial investment/instrument, etc'?

So assuming that you have indeed made a killing in the financial markets, & would like to bring home your profits, the best way is to declare.

Yup. Declare your profits & pay your taxes! Then it doesn't matter whatever amount you bring home. 

Regards
or you can ask cmk96 what's his usual MO  laugh.gif
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yup, that;s seems to be the best way as now , paying ~27% tax ......

lowya
post Feb 18 2019, 09:20 AM

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QUOTE(mrdamncool @ Feb 17 2019, 10:21 PM)
Will the income tax come and knock the door? I do have a friend, doing online business got question by the income tax due to sudden increase of money in personal bank account.

They gave him letter for him to testify his transaction at their office in KL.
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do you mean your friend bank reported him, or it was just someone else?
mrdamncool
post Feb 18 2019, 10:50 AM

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QUOTE(lowya @ Feb 18 2019, 09:20 AM)
do you mean your friend bank reported him, or it was just someone else?
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No one reported but the authority contacted him to clarify.
phat_mcjack
post Feb 19 2019, 10:50 AM

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anyone trading using FxPrimus? It's under scam broker in this thread

https://forum.lowyat.net/index.php?showtopic=3774126

is it true?

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