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 Forex Version 20, Foreign Exchange Market Discussion

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SUSMr. WongSF
post Feb 21 2018, 01:20 PM

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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.
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IG offers MT4.

https://www.ig.com/au/cryptocurrency-trading
SUSMr. WongSF
post Feb 21 2018, 05:48 PM

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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.
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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


SUSMr. WongSF
post Feb 22 2018, 01:44 PM

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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.
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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.
SUSMr. 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
SUSMr. 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.
SUSMr. 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


SUSMr. WongSF
post Feb 20 2019, 05:17 PM

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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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1. Keep your eyes on the economic calendar. Red news, orange news, etc.

2. News being news, by nature, it is unpredictable. It can also make the market move very much in your direction. So, blow open your TP & tighten your SL.

Always bear in mind that although your TA is correct, FA can ruin things for you. The market is fluid. Sentiments can change.

What i really like to do is, to push my SL to BE + whatever little profit i have, & place the TP further. You will never know wink.gif

If it comes back on you, your equity is protected. Or maybe you lose a few pips.

But if it goes further in your predicted direction, good on ya! You just had a windfall.


SUSMr. WongSF
post Feb 20 2019, 05:35 PM

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QUOTE(nebula87 @ Feb 20 2019, 11:06 AM)
I refer to the scheduled announcement from the link also.

As yesterday May announced something breaking and the GBP shot up into the sky.

During that I was trading GBPUSD.  sad.gif

Now still finding ways to cater to these breaking news.  sweat.gif
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Ooops, i missed this one.

Just wanted to chime in, the GBP Brexit deadline is 37 days from now.

Unlike the other crosses, the GBP pairs can increase in volatility unannounced. Unfortunately, speculative statements can come out at any time of the day.

Of course, it would be nice to be on the right side of a trade. But if May announces something unfavourable tomorrow, the GBP can also take a dive.

If you ask me, it's all very speculative at this point in time.

Remember the 600+ pips spike down on 3rd Jan 2019?

Proceed with caution on all GBP pairs.

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