Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
126 Pages « < 5 6 7 8 9 > » Bottom

Outline · [ Standard ] · Linear+

 Forex Version 20, Foreign Exchange Market Discussion

views
     
Lupine101
post Jan 1 2018, 01:37 PM

Getting Started
**
Junior Member
291 posts

Joined: Aug 2014
QUOTE(duplicated @ Jan 1 2018, 12:38 PM)
I find it a little contradicting. Correct me If I am wrong.

You mentioned that retail traders are taking profit or cutting losses, wouldn't that contribute to more liquidity?
*
Our retail orders won't matter much to this big forex market. Even some orders are likely being traded by brokers in house order book. All brokers are bucket shops, they will collect our orders and either hedge it themselves or pass to banks order book. That's why some brokers have different spreads. Best place to look for liquidity would be the spot everyone is looking at, where bankers hedge funds retail traders would place their limit orders. Example those Big round number, ever wonder why price always linger around these areas or attracted by it? That explains why.

Most big players they trade forex just to hedge their exposure in other market, maybe the options, maybe commodity. That's why they tend to hold these positions longer.
UbuntuClient
post Jan 3 2018, 11:26 PM

Regular
******
Senior Member
1,349 posts

Joined: Jun 2007
From: /puchong/cyberjaya/klang



Anyone here knows how to put renko on chart mt4? PM me step by step.
duplicated
post Jan 4 2018, 12:49 PM

On my way
****
Senior Member
651 posts

Joined: Dec 2015
QUOTE(Lupine101 @ Jan 1 2018, 01:37 PM)
Our retail orders won't matter much to this big forex market. Even some orders are likely being traded by brokers in house order book. All brokers are bucket shops, they will collect our orders and either hedge it themselves or pass to banks order book. That's why some brokers have different spreads. Best place to look for liquidity would be the spot everyone is looking at, where bankers hedge funds retail traders would place their limit orders. Example those Big round number, ever wonder why price always linger around these areas or attracted by it? That explains why.

Most big players they trade forex just to hedge their exposure in other market, maybe the options, maybe commodity. That's why they tend to hold these positions longer.
*
Thanks for the explanation.
duplicated
post Jan 4 2018, 12:50 PM

On my way
****
Senior Member
651 posts

Joined: Dec 2015
QUOTE(UbuntuClient @ Jan 3 2018, 11:26 PM)
Anyone here knows how to put renko on chart mt4? PM me step by step.
*
Why have to PM. Just reply here so that others could learn.

You can use an EA or a script or an Indicator for Renko. Just go to forexfactory and search for renko charting.
2wenty6
post Jan 5 2018, 05:03 PM

New Member
*
Newbie
2 posts

Joined: May 2012
What is the recommended way to withdraw forex profit to MYR? I don't have a foreign account..
duplicated
post Jan 5 2018, 05:09 PM

On my way
****
Senior Member
651 posts

Joined: Dec 2015
QUOTE(2wenty6 @ Jan 5 2018, 05:03 PM)
What is the recommended way to withdraw forex profit to MYR? I don't have a foreign account..
*
Wire transfer is the best if you do large withdrawals.
2wenty6
post Jan 5 2018, 05:23 PM

New Member
*
Newbie
2 posts

Joined: May 2012
QUOTE(duplicated @ Jan 5 2018, 05:09 PM)
Wire transfer is the best if you do large withdrawals.
*
Saw some posting about problem like money getting blocked because of forex income?
I'm likely gonna withdraw to CIMB or Maybank. Very new to this so wanna avoid any common pitfalls..
lordaragorn90
post Jan 5 2018, 10:31 PM

Getting Started
**
Junior Member
103 posts

Joined: Jun 2009
From: Alor Setar


QUOTE(2wenty6 @ Jan 5 2018, 05:03 PM)
What is the recommended way to withdraw forex profit to MYR? I don't have a foreign account..
*
i usually use local depositor
duplicated
post Jan 6 2018, 01:22 AM

On my way
****
Senior Member
651 posts

Joined: Dec 2015
QUOTE(2wenty6 @ Jan 5 2018, 05:23 PM)
Saw some posting about problem like money getting blocked because of forex income?
I'm likely gonna withdraw to CIMB or Maybank. Very new to this so wanna avoid any common pitfalls..
*
I think it depends on who your broker is. Some banks have the lists of 'blocked' forex borkers. If your broker is not on their lists then it should be fine.
UbuntuClient
post Jan 9 2018, 10:38 AM

Regular
******
Senior Member
1,349 posts

Joined: Jun 2007
From: /puchong/cyberjaya/klang



QUOTE(duplicated @ Jan 4 2018, 12:50 PM)
Why have to PM. Just reply here so that others could learn.

You can use an EA or a script or an Indicator for Renko. Just go to forexfactory and search for renko charting.
*
I just move to use BBMA. Seem show good profit.
UbuntuClient
post Jan 9 2018, 10:38 AM

Regular
******
Senior Member
1,349 posts

Joined: Jun 2007
From: /puchong/cyberjaya/klang



QUOTE(lordaragorn90 @ Jan 5 2018, 10:31 PM)
i usually use local depositor
*
Most broker like insta, fbs have local depo. Just seek them in fb.
&pilun
post Jan 9 2018, 10:47 AM

New Member
*
Junior Member
17 posts

Joined: Apr 2012

park
ijamz
post Jan 9 2018, 12:38 PM

This is my 176524th cigar in my life
******
Senior Member
1,828 posts

Joined: Jan 2003


Use Oanda as broker.. Use Paypal for Withdraw..Easy
UbuntuClient
post Jan 9 2018, 12:40 PM

Regular
******
Senior Member
1,349 posts

Joined: Jun 2007
From: /puchong/cyberjaya/klang



QUOTE(ijamz @ Jan 9 2018, 12:38 PM)
Use Oanda as broker.. Use Paypal for Withdraw..Easy
*
What is limit paypal to transfer local bank (cimb/maybank)?
ijamz
post Jan 9 2018, 01:12 PM

This is my 176524th cigar in my life
******
Senior Member
1,828 posts

Joined: Jan 2003


QUOTE(UbuntuClient @ Jan 9 2018, 12:40 PM)
What is limit paypal to transfer local bank (cimb/maybank)?
*
I think no more tha Rm10k...otherwise BNM triggered
duplicated
post Jan 9 2018, 03:53 PM

On my way
****
Senior Member
651 posts

Joined: Dec 2015
QUOTE(ijamz @ Jan 9 2018, 01:12 PM)
I think no more tha Rm10k...otherwise BNM triggered
*
Is it RM10k a transaction or per day?
Also what's the amount for a month to get BNM triggered?

Because if 10k a transaction, one could do a 9k transaction once every day.
ijamz
post Jan 9 2018, 04:39 PM

This is my 176524th cigar in my life
******
Senior Member
1,828 posts

Joined: Jan 2003


QUOTE(duplicated @ Jan 9 2018, 03:53 PM)
Is it RM10k a transaction or per day?
Also what's the amount for a month to get BNM triggered?

Because if 10k a transaction, one could do a 9k transaction once every day.
*
i think so ..need to check the authenticity of the news. i personally did withdraw small amount only via RHB...RM2k-3K
duplicated
post Jan 9 2018, 04:58 PM

On my way
****
Senior Member
651 posts

Joined: Dec 2015
QUOTE(ijamz @ Jan 9 2018, 04:39 PM)
i think so ..need to check the authenticity of the news. i personally did withdraw small amount only via RHB...RM2k-3K
*
Anyone here could reconfirm?

because I am actually afraid to withdraw significant amount regularly fearing the BNM.
RickRick88
post Jan 10 2018, 09:02 AM

Casual
***
Junior Member
330 posts

Joined: Jun 2017
QUOTE(ijamz @ Jan 9 2018, 12:38 PM)
Use Oanda as broker.. Use Paypal for Withdraw..Easy
*
How does Paypal charge for withdrawal to local banks?
duplicated
post Jan 10 2018, 08:16 PM

On my way
****
Senior Member
651 posts

Joined: Dec 2015
QUOTE(RickRick88 @ Jan 10 2018, 09:02 AM)
How does Paypal charge for withdrawal to local banks?
*
About 2 ringgit if I am not mistaken.

126 Pages « < 5 6 7 8 9 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0163sec    0.20    6 queries    GZIP Disabled
Time is now: 29th March 2024 - 02:12 AM