Welcome Guest ( Log In | Register )

Bump TopicReply to this topicRSS feed Start new topic Start Poll

Outline · [ Standard ] · Linear+

> Forex Version 20, Foreign Exchange Market Discussion

juniorsia
post Feb 19 2018, 05:09 PM

Getting Started
**
Group: Junior Member
Posts: 207

Joined: Aug 2013
QUOTE(1tanmee @ Feb 19 2018, 05:06 PM)
Sorry, noob! Does XM allows deposit/withdraw from Maybank? I need a broker that allow such arrangement, as I find it most convenien
*
Yes, it does
cmk96
post Feb 19 2018, 06:41 PM

Regular
******
Group: Senior Member
Posts: 1,337

Joined: Oct 2007
QUOTE(1tanmee @ Feb 19 2018, 05:06 PM)
Sorry, noob! Does XM allows deposit/withdraw from Maybank? I need a broker that allow such arrangement, as I find it most convenien
*
Yes.
duplicated
post Feb 19 2018, 07:52 PM

Casual
***
Group: Junior Member
Posts: 456

Joined: Dec 2015

Just wandering. Why doesn't anyone here trade crypto as an alternative to Forex?

For me, I am shifting to crypto mostly now because it has no broker-client conflict of interest (market maker).

Also the market is 24/7. You can trade even on weekends and there's no weekly gap like forex. Which sometime will cause you losses due to the gap especially when something happens during the weekend.

This post has been edited by duplicated: Feb 19 2018, 07:53 PM
malayo
post Feb 19 2018, 09:02 PM

Getting Started
**
Group: Junior Member
Posts: 204

Joined: Feb 2011


I trade on cex.io & binance.
Crypto was my first trading experience and I seldom wonder why the heck I did not do trading before?
cmk96
post Feb 20 2018, 07:52 AM

Regular
******
Group: Senior Member
Posts: 1,337

Joined: Oct 2007
QUOTE(duplicated @ Feb 19 2018, 07:52 PM)
Just wandering. Why doesn't anyone here trade crypto as an alternative to Forex?

For me, I am shifting to crypto mostly now because it has no broker-client conflict of interest (market maker).

Also the market is 24/7. You can trade even on weekends and there's no weekly gap like forex. Which sometime will cause you losses due to the gap especially when something happens during the weekend.
*
Me too... its much easier to trade crypto... my % of return is higher than forex.
ironcrowz
post Feb 20 2018, 11:43 AM

Getting Started
**
Group: Junior Member
Posts: 54

Joined: May 2012
QUOTE(sleepwalker @ Jan 25 2018, 02:56 PM)
There is no surprise here. That is why we use 3 currency pairs to determine this. For example, USD/MYR has improved to 3.9.. you can't tel which of the pair has gone up and which has gone down. So you take another pair like EUR/USD.. which also shows EUR going up. Then you take EUR/MYR and realised that we are not gaining on EUR.

This 3 pairs then confirms that it is the USD that is dropping and not MYR gaining against it. No surprise.
*
By not gaining do u mean EUR/MYR is going sideways or up?

Also, would u need to consider the magnitude of the move?

Let say, if the EUR strengthens against the USD more than MYR does, EUR/MYR will be going up. Then, it's not that straight forward to conclude that it's the USD dropping?
duplicated
post Feb 20 2018, 05:35 PM

Casual
***
Group: Junior Member
Posts: 456

Joined: Dec 2015

QUOTE(cmk96 @ Feb 20 2018, 07:52 AM)
Me too... its much easier to trade crypto... my % of return is higher than forex.
*
thumbsup.gif biggrin.gif
duplicated
post Feb 20 2018, 08:45 PM

Casual
***
Group: Junior Member
Posts: 456

Joined: Dec 2015

The only disadvantage Bitcoin has over Forex is trading platform. They are mainly dependent on web trading platforms. I wish the exchanges could come up with platforms like MT4.
Mr. WongSF
post Feb 21 2018, 01:20 PM

Getting Started
**
Group: Junior Member
Posts: 97

Joined: Jan 2016
From: Selangor Darul Pakatan Harapan


QUOTE(duplicated @ Feb 20 2018, 08:45 PM)
The only disadvantage Bitcoin has over Forex is trading platform. They are mainly dependent on web trading platforms. I wish the exchanges could come up with platforms like MT4.
*
IG offers MT4.

https://www.ig.com/au/cryptocurrency-trading
duplicated
post Feb 21 2018, 04:52 PM

Casual
***
Group: Junior Member
Posts: 456

Joined: Dec 2015

QUOTE(Mr. WongSF @ Feb 21 2018, 01:20 PM)
Thanks will check it out.

I just hope that it is not a synthetic trade and also hope that it is not closed on weekends like other forex brokers that offer bitcoin trading.
Mr. WongSF
post Feb 21 2018, 05:48 PM

Getting Started
**
Group: Junior Member
Posts: 97

Joined: Jan 2016
From: Selangor Darul Pakatan Harapan


QUOTE(duplicated @ Feb 21 2018, 04:52 PM)
Thanks will check it out.

I just hope that it is not a synthetic trade and also hope that it is not closed on weekends like other forex brokers that offer bitcoin trading.
*
Hi mate, BTC/USD on weekends still open, because my charts still active. All the other forex pairs go static laugh.gif

I was using this broker to do some demo testing on BTC/USD for fun after Christmas.

user posted image


duplicated
post Feb 21 2018, 09:37 PM

Casual
***
Group: Junior Member
Posts: 456

Joined: Dec 2015

QUOTE(Mr. WongSF @ Feb 21 2018, 05:48 PM)
Hi mate, BTC/USD on weekends still open, because my charts still active. All the other forex pairs go static  laugh.gif

I was using this broker to do some demo testing on BTC/USD for fun after Christmas.

user posted image
*
May I know which broker you are using?
Because so far, most brokers I have seen are off on weekends.
Even IG I just checked they are off for sometime during weekends.
Goodboy92
post Feb 21 2018, 10:12 PM

Getting Started
**
Group: Junior Member
Posts: 135

Joined: Jan 2016


QUOTE(cmk96 @ Feb 20 2018, 07:52 AM)
Me too... its much easier to trade crypto... my % of return is higher than forex.
*
CMK96 , which crypto you trade? i thought they were much more volatile and less liquidity and can have sudden big move.
cmk96
post Feb 21 2018, 10:33 PM

Regular
******
Group: Senior Member
Posts: 1,337

Joined: Oct 2007
QUOTE(Goodboy92 @ Feb 21 2018, 10:12 PM)
CMK96 , which crypto you trade? i thought they were much more volatile and less liquidity and can have sudden big move.
*
I trade bitcoin... more volatile is good.

[attachmentid=9606693]
duplicated
post Feb 22 2018, 09:58 AM

Casual
***
Group: Junior Member
Posts: 456

Joined: Dec 2015

QUOTE(Goodboy92 @ Feb 21 2018, 10:12 PM)
CMK96 , which crypto you trade? i thought they were much more volatile and less liquidity and can have sudden big move.
*
Ample liquidity, good volatility. Nothing more I could ask for.
Goodboy92
post Feb 22 2018, 11:56 AM

Getting Started
**
Group: Junior Member
Posts: 135

Joined: Jan 2016


QUOTE(cmk96 @ Feb 21 2018, 10:33 PM)
I trade bitcoin... more volatile is good.

[attachmentid=9606693]
*
Wow , improved scale-in strategy, congrat on profit

where would be TP? or wait the bull end?

@duplicated

what i afraid of was the STOCK LIKE movement that can move in sudden

Forex can move a max of 300pips per day normal range to max i think 2000pips(crash)

but BTCUSD should be much more than that shall an event happen. ( not sure thou )

Anyway i still not profitable yet , shall i can catch the bull and bear market , whatever market will profit.
cmk96
post Feb 22 2018, 01:37 PM

Regular
******
Group: Senior Member
Posts: 1,337

Joined: Oct 2007
QUOTE(Goodboy92 @ Feb 22 2018, 11:56 AM)
Wow , improved scale-in strategy, congrat on profit

where would be TP? or wait the bull end?

@duplicated

what i afraid of was the STOCK LIKE movement that can move in sudden

Forex can move a max of 300pips per day normal range to max i think 2000pips(crash)

but BTCUSD should be much more than that shall an event happen. ( not sure thou )

Anyway i still not profitable yet , shall i can catch the bull and bear market , whatever market will profit.
*
No TP... see how it develops.
Mr. WongSF
post Feb 22 2018, 01:44 PM

Getting Started
**
Group: Junior Member
Posts: 97

Joined: Jan 2016
From: Selangor Darul Pakatan Harapan


QUOTE(duplicated @ Feb 21 2018, 09:37 PM)
May I know which broker you are using?
Because so far, most brokers I have seen are off on weekends.
Even IG I just checked they are off for sometime during weekends.
*
They're off? But i leave them MT4 charts on, on wknds & they are not static. BTC/USD is always active.

I was using IG. Maybe you go register a demo & download MT4 & try running cryptos and see.
duplicated
post Feb 22 2018, 05:04 PM

Casual
***
Group: Junior Member
Posts: 456

Joined: Dec 2015

QUOTE(Goodboy92 @ Feb 22 2018, 11:56 AM)
Wow , improved scale-in strategy, congrat on profit

where would be TP? or wait the bull end?

@duplicated

what i afraid of was the STOCK LIKE movement that can move in sudden

Forex can move a max of 300pips per day normal range to max i think 2000pips(crash)

but BTCUSD should be much more than that shall an event happen. ( not sure thou )

Anyway i still not profitable yet , shall i can catch the bull and bear market , whatever market will profit.
*
Use the stoploss should be fine. I always use stoploss.
duplicated
post Feb 22 2018, 05:05 PM

Casual
***
Group: Junior Member
Posts: 456

Joined: Dec 2015

QUOTE(Mr. WongSF @ Feb 22 2018, 01:44 PM)
They're off? But i leave them MT4 charts on, on wknds & they are not static. BTC/USD is always active.

I was using IG. Maybe you go register a demo & download MT4 & try running cryptos and see.
*
Okay, thanks. Will try to talk to their customer service.

14 Pages « < 12 13 14Top
Bump TopicReply to this topicTopic OptionsStart new topic
 

Switch to:
| Lo-Fi Version
0.0791sec    1.42    6 queries    GZIP Disabled
Time is now: 25th February 2018 - 07:56 AM