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 Forex Version 20, Foreign Exchange Market Discussion

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cmk96
post Jan 23 2019, 04:20 PM

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QUOTE(Goodboy92 @ Jan 23 2019, 04:09 PM)
What else market do you trade other than GBPJPY?
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Futures.
cmk96
post Jan 24 2019, 08:14 AM

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QUOTE(roxx @ Jan 24 2019, 08:06 AM)
As a trader,  we need to think forex as our business because we need to protect our capital and ALSO as investment where compounding and savings take place..

BUT, why would you want to register using corporate account?
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How you plan to apply loan for car/house in the future?
cmk96
post Jan 24 2019, 08:58 AM

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QUOTE(roxx @ Jan 24 2019, 08:18 AM)
Cash
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Good luck with that.
cmk96
post Jan 27 2019, 07:01 AM

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QUOTE(taurean @ Jan 26 2019, 03:33 PM)
Wow... that’s really good... mind to share how you trade? In term of time frame?
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Daily TF.

QUOTE(taurean @ Jan 26 2019, 03:34 PM)
I am still struggling with physchology and money management risk and reward ratio.

May I know how long it takes you to overcome that?
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Improve your strategy first. Namely entry and exit. Always hv plan b incase the first trade is wrong.

I took 7 yrs.

QUOTE(taurean @ Jan 26 2019, 03:38 PM)
To be honest, nothing can be traded between the newbie and the master of trading. It all depends on one willingness to share and another one to learn consistently without giving up.
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Many forumers are just asking blindly without putting efford to research the internet. Tonnes of strategy out there. Some ppl pm me asking opinion on their strategy... i oso gv my own opinion. That will be meaningful.

Here i found someone teaching fx... maybe you can consider.

I dont know him... never attend his class. Just sharing.

There are many ppl teaching fx. Not hard to find in KL.

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cmk96
post Jan 29 2019, 11:04 PM

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Those who think must pay 5 figures for forex courses did not do any research at all.

If you are smart... you don't hv to pay a single cent.
cmk96
post Jan 30 2019, 10:02 AM

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QUOTE(roxx @ Jan 30 2019, 08:09 AM)
Some say HRusli provide training that already exist in babypips.. With the amount paid, u can get for free in internet..

Not sure whether its true or not..

Went for his FREE seminar last November and after the seminar,  those zero knowledge in forex line up to register for his class.. Gosh!

I went there to see how he branded himself.. With all the cars and also he came by helicopter, i know why those newbies line up for his class..
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there are many scammers in this field... i remember this...way back in 2009

https://forum.lowyat.net/topic/971437/all

My post is #9

If ppl show you their mega profit more than 3 yrs ago.... just skip it. everyone has their prime time... once upon a time... ago... wink.gif


cmk96
post Jan 31 2019, 03:14 PM

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QUOTE(crizz @ Jan 31 2019, 03:07 PM)
My advice for newbies to fx:
- start with a strategy which you like. understand the strength and weakness of it
- do not open too many positions in many fx pairs at one go. focusing on just one fx pair should help
- know what time to look for trades to open. each fx pair is different
- once you understand when your strategy works and do not, you can start earning
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Agreed... ppl "smile" at me when i said trade 1 pair with usd5000.

But they keep complaining losing... LOL.

they just don't like to focus.
cmk96
post Feb 3 2019, 10:53 PM

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QUOTE(paogeh @ Feb 2 2019, 10:47 PM)
Asking ,
if use Bigpay or Credit card to load into FX acc ,
EG USD1000 ,

after that , lucky , profit ~USD2000 ,

USD1000 can withdraw to Bigpay/Credit card ,
the balance USD1000 must withdraw through WIRE transfer ?
How about debit card ??
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Yup... balance use wire transfer.

Never heard ppl withdraw to debit card.
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
cmk96
post Feb 14 2019, 07:46 PM

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cmk96
post Feb 19 2019, 10:10 PM

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QUOTE(phat_mcjack @ Feb 19 2019, 10:50 AM)
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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Why you want to use this broker? have you withdraw from it?
cmk96
post Feb 20 2019, 10:13 AM

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QUOTE(nebula87 @ Feb 20 2019, 09:30 AM)
Hi fellow traders, recently I have an issue troubling me once in awhile.

I got all my techniques right but always got ruined by some breaking news and made the market moves opposite way.

How do you guys cater this?
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There is no 100% confirm win trades.

Solution?

Bigger account balance have its advantage... find second setup to recover your loss.
cmk96
post Feb 20 2019, 11:33 AM

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QUOTE(nebula87 @ Feb 20 2019, 10:16 AM)
Thanks for the reply.

I have this in my mind too, but it will be another risk, bigger balance we will trade higher amount of pips. and what if the trade going opposite way and just never come back, money goes with it..  sad.gif
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Example... for $1000 account.

First entry... 0.05 lot... if it goes wrong direction...

Second entry... 0.08 lot...it might be a different direction from the first entry
cmk96
post Feb 20 2019, 12:21 PM

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QUOTE(nebula87 @ Feb 20 2019, 11:43 AM)
Wah, will this technique be called gambling instead of trade?
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If you hv a rigid system... you can't adapt to volatile market.

Market do not move in straight line.
cmk96
post Feb 20 2019, 12:31 PM

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QUOTE(lowya @ Feb 20 2019, 12:28 PM)
how do you define "if it goes wrong direction" in terms of time and price?
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Candlestick formation.
cmk96
post Mar 12 2019, 10:04 AM

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Tested an EA for 3 days...

Drawdown 7.36%

Return 5.08%

Maybe need to increase lot size...

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cmk96
post Mar 12 2019, 04:32 PM

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QUOTE(fxhunter @ Mar 12 2019, 02:05 PM)
hi all,

How to you withdraw back you forex income to malaysia?
I withdraw by bank wire recently,
But the bank say forex trader in malaysia is illegal.
Then their Block my bank account.
If i did not refund back this money , they will continuance hold my balance.
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What bank is that?

what broker?
cmk96
post Mar 13 2019, 04:19 PM

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QUOTE(fxhunter @ Mar 13 2019, 03:55 PM)
public bank.
Icmarket
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I had bad times too with PBB.

But the money went through after verification.

Never use it again.
cmk96
post Mar 22 2019, 07:42 AM

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cmk96
post Apr 8 2019, 06:07 PM

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QUOTE(fusilad @ Apr 8 2019, 04:32 PM)
Friday Apr 12, 00:00 United Kingdom  Brexit Day - UK leaves the EU High
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Buy or sell?
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