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 Forex Version 20, Foreign Exchange Market Discussion

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paogeh
post Sep 20 2019, 03:07 PM

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QUOTE(dwRK @ Sep 20 2019, 02:57 PM)
Or sell to the ppl here who wanna open/fund their accounts lor
*
really ?

I though only scam broker allow to sell to other members....

paogeh
post Sep 20 2019, 07:27 PM

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Eu dropping

Floating profit



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paogeh
post Sep 21 2019, 12:05 AM

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QUOTE(johnnyzai89 @ Sep 20 2019, 11:41 PM)
he hoot only lol.. no really MM d
*
Yes. No strategy .
Just like hk movie, sai lang all in


As now .

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paogeh
post Sep 21 2019, 01:38 AM

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QUOTE(aral3005 @ Sep 20 2019, 11:11 PM)
Sorry to ask bro, but if u can share u trade daily here?
*
I tried to post as I can ,
sometime , at phone, it';s difficult to post.


QUOTE(dwRK @ Sep 20 2019, 10:09 PM)
Just realized... so roughly you're making about 10% per day over your account?
*
dun have fix rule.
Just collect whatever market give.



Next week calendar :
https://www.forexfactory.com/calendar.php?week=sep22.2019


Mon , Draghi speaking .
Usually when Mario speak, EURO tank.
That may be why Fri (today), market factor in this and tank 1st .





paogeh
post Sep 21 2019, 06:01 PM

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QUOTE(TradeMinim @ Sep 21 2019, 10:12 AM)
doh.gif doh.gif doh.gif
Nothing against you but... I've seen so much of these kind of post in IG, Facebook everywhere.
And normally this leads to what? Leads to beginners and newbies chasing Money
Instead of chasing skill, technique and experience. Leads to them thinking Forex is Easy Money

But the truth is it's not. I'm not against fundamentals but it just freaking doesn't make sense.
"prediction" itself is chaos. "Over-leveraging" itself is suicide if you want to be in this game for a "Long-term".

And ya, I speak from experience, not just "Talk cock" here are my real accounts. Pepperstone
Transferred broker last year, hence the past history of 1 year.
*
QUOTE(johnnyzai89 @ Sep 21 2019, 02:52 PM)
no SL d hehehehe.. just add on cash margin till bust.. it will work until it doesn't
*
It;s ok , everyone trade differently .
Think out of the box .
Black cat , white cat . As long as it catch mouse , it';s good cat.

Bring back the bacon.

*My strategy doesnt work for everyone, thus dun copy.

paogeh
post Sep 22 2019, 12:35 AM

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Update for Last week + this week ::

September LOT Profit(USD)
1sep--6sep 56.17 1958.36
7sep--20sep 176.64 17085.63
*Broker making good profit on those lots , 1lot USD7


Net Sep == profit USD23k
Net 2019 == profit USD 3K (Prior to Sep , loss ~USD20K)
Before 2019 == Loss ~RM400K


Withdrawed USD3K to bigpay (More withdrawal coming week , since Bigpay can hold only RM10K )





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paogeh
post Sep 22 2019, 02:39 PM

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QUOTE(dwRK @ Sep 22 2019, 11:07 AM)
whats up with the 1.21 and 0.81 type sizing...?
*
Last week started usd10k. I take it as 1x 0.8 lot == 0.8lot
After acc grow tilll usd15--18k.
I take it as 1.5 x0.8 == 1.2lot

The reason 0.8 or 1.2lot. I can afford to open many trades
When go wrong, more margin to hold.
paogeh
post Sep 22 2019, 09:01 PM

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QUOTE(aral3005 @ Sep 22 2019, 04:57 PM)
Leverage?
U focus mainly at tf daily and 4H?
*
Ic market raw spread 500:1
I looked all tf , from 5m to weekly .

And i browse forexfactory to see how others see eu charts .

paogeh
post Sep 23 2019, 08:26 AM

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QUOTE(johnnyzai89 @ Sep 23 2019, 12:16 AM)
like most of the people recommended.. the good ones are IC Market and Pepperstone smile.gif
*
Personally i like OANDA very much .
almost every aspect better that ICM ,
*at least when i go support , OANDA no need to wait, ICM need to wait 10mins---30mins in queue.

the only thing bad is 50:1 ,
get Margin call warning, after 3 days will auto-closed all trades (US features, my acc was very old)
........


paogeh
post Sep 23 2019, 06:04 PM

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Europe session .
Germany in recession.

Trades from last week hit tp
Profit USD5k .

Acc stand at USD40k
Will reset acc to USD20k
And Usd20k move back to reserve


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paogeh
post Sep 23 2019, 07:37 PM

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QUOTE(aral3005 @ Sep 23 2019, 06:53 PM)
Do u use laptop/pc, or tablet also?

Or just phone?
*
Samsung cheap phone only to place trades.
Reading ff. Lowyat.... laptop.phone


paogeh
post Sep 23 2019, 11:18 PM

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everyone trade differently, as long as the trader know what he is doing , he should be fine.


i shared my LIVE trading acc, to see if others might do the same.

By the way, i'm from Penang. Anyone from penang want to drop by for coffee/tea ?



paogeh
post Sep 25 2019, 01:23 AM

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QUOTE(cmk96 @ Sep 24 2019, 09:56 PM)
Its not my only account. Its only the oldest. Since ppl here said have over 10 yrs experience. So i show mine.  biggrin.gif

Not going to answer other question. Coz i answered it before.
*
salute to u for the excellence performance.

now, i know, lowyat have many hidden experts , quietly making $ day in day out smile.gif


paogeh
post Sep 25 2019, 05:14 PM

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wow !
so complicated , and so many red tape.

If i can meet those requirment,
i might as well trade my own .
No need audit, just trade and grow. Very fast can hit 6 digit .

I shared my live acc with friends, and some of them willing to "tumpang" my acc , 30:70 , whatsoever .
I have to decline, as i prefer not to answer when acc hit drawdown/losses, etc etc.

In the mean time, lets continue to draw $ out from FX market.

By the way , i find ppl here hardly share how to consistently draw fund back to malaysia without triggering BNM/incomeTax .
Those expert mind to share more info ? Thank you







paogeh
post Sep 25 2019, 08:04 PM

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QUOTE(Emily Ratajkowski @ Sep 25 2019, 06:56 PM)
I don't really understand your question. But if you're asking if prop houses accept a 10-12% drawdown, the answer is yes. Depending on whether your prop house is conservative or not, anywhere from 20-30% drawdown is usualy allowed before you'll start getting a phone call.

And again, if I have to put money in first, I'm the customer, not the employee. For the life of me, I cannot understand why people think that it is ok to pay money for your own employment. Same thing with mlm.

And also, you're right, there is no way to fix a profit target. But usually industry standard is to expect higher returns than the index. So for example this year snp is up by almost 14%. So your results should at least be 14% or better.
You are right. Many very successful traders tend to trade for themselves. They don't want to be tied to regulations. Saying you're a "fund manager" is not really as glam as it sounds.

The unfortunate part is, you will trigger income tax no matter what happens. Unless you park all your money outside the country and don't buy any assets in malaysia. The moment you purchase assests above your declared income, you will trigger a flag.
All those things about not taxable if overseas capital gain etc will not work. I'm willing to wager that they don't remit profits back to malaysia often. Because if they do, income tax will tax you based on adventure and nature of trade argument.
Bottomline is, you cannot escape. The best case scenario is to open up a foreign company in a low tax country like singapore or switzerland. Then pay lower tax in that country. Then bring your money back. But of course, in the first place, most people cannot even open up a company in a foreign country. So don't bother unless you have at least 5mil USD.

Edit: To be honest, malaysia tax is quite ok liao. Max bracket is 27% only. Make $1, give 27c to gov for peace of mind. Ok la.

You'll shit brix if you kena tax in aus, uk or us.
*
Thank you for the sharing.

I was hoping , may be i wire back small.amount, eg usd2k each time in several bank acc. This way it wont trigger



As eu resume down trend .
Acc in blue .

With this , i can resign my current job and update my linkedin to currency trader .
*hopefully





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paogeh
post Sep 25 2019, 11:23 PM

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QUOTE(cmk96 @ Sep 25 2019, 10:43 PM)
everyone's MM is different. some can withstand DD up to 80% on single trade... some cut lost at 5% DD.

some TP at 20 pips... some TP at 500 pips... outcome is very different.

i joined a day trade firm 2 yrs ago... about 25 traders inside... after 6 mths... only left less than 10 traders. after 18 mths... all gone... company keep hiring new traders.

they talked about MM everyday... but everyone's strategy is different... no right or wrong... its all about consistency.

if my DD always at 70%... but i managed to recover back later... i still win.
*
cmk96,

u trade full time or part time ?


QUOTE(Emily Ratajkowski @ Sep 25 2019, 08:29 PM)
Assuming you declare only 2k usd per month as income, then no problem. LHDN will just assess and see if you need to kena tax or not. 2kusd is around 8k rm, so probably just tax a bit only.

But if you want to secretly bring in 2k usd as extra income, you're setting yourself up to be audited by doing that.

You can get away at first. But then eventually you will need to buy assets in malaysia. And if you suddenly buy something that you shouldn't be able to afford based on your declared tax, then you will kena flag. Then they will dig out all your bank transactions and find funny things.

Even if you somehow managed to escape tax for a long time. Do you want to be stuck at 2kusd forever? So you trade until become milliionaire but have to live with 2k a month?

Don't bother evading tax la. Good night sleep is better. It's not worth playing these games unless you have way too much money.
*
Thank you Emily

QUOTE(dwRK @ Sep 25 2019, 09:00 PM)
Too many small transactions get triggered too...unless it's a business account.
*
dun quite understand . U mean i open many small lot ? Yup, many small lot combine become big lots too.






paogeh
post Sep 26 2019, 11:37 PM

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after seeing so many hidden experts here,
I feel shame to post my pitiful live acc.


*today lost USD500 .....
accidentally triger BUY lot .




paogeh
post Sep 27 2019, 12:25 AM

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https://www.zerohedge.com/markets/second-te...obody-knows-why

*This explain why the recent USD rise.

paogeh
post Sep 30 2019, 06:34 PM

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Acc from since last week
From usd37k to usd49k

Today withdraw usd1k +500

Using 1.5lot
Woild reset acc from 20k to 24k
Lot size to 1.9lot

Only shorting eu for now
Buy limit 1.0900 5 lot for 50pip .... didnt trigger .
Might change later.

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paogeh
post Sep 30 2019, 10:42 PM

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Long orders triggered



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