Mid Feb 2020 salary. Leaving base capital in account. No more milking Cash Cow this week, resume next week.

https://i.imgur.com/NDZXaun.jpg 

For the most accurate answer, plz go call your bank's remittance officer.

I know for a fact if the company is blacklisted in bnm's database, no matter what they won't let you transfer money with that source. If you transfer using other source like bigpay etc, you cannot receive back to our banking system.

But for example if you say you trade with oanda, tdameritrade, interactive broker, no problem.

You must always remember, forex is an inseparable part of the finance system. There cannot be such thing as forex is illegal. Otherwise your banking and financial system will not work. But because of ignorant people, who can't even differentiate what is a pyramid scheme vs real forex trading, bnm has decided to simply blanket ban all "forex" trading.

Trade with a reputable broker. Even if it is more difficult to open an account, or the fees are more expensive, it is ok. Best of all is to trade those multi instrument brokers like tdameritrade and interactive brokers.

Since I started trading since 6 years ago, went through price action and now mainly applying Fibo Musang etc, still find it hard to maintain consistency, which makes me start to wonder, is there really anyone succeeded on forex trading?
For me the more I do back test with forex tester, the more I feel no matter what winning rate and RR ratio, it will just doesn't add up for a winning result in long run, plus all the trading cost like spreads, commissions, etc, it is like gambling in the casino where the odds are always at broker side.

I have been using Fibo Musang and based on this strategy I developed various trading plan, including following signal and anti the signal, still can't find any method to trade the ranging and trending market.

Start to lose my faith on forex trading slowly...

Since I started trading since 6 years ago, went through price action and now mainly applying Fibo Musang etc, still find it hard to maintain consistency, which makes me start to wonder, is there really anyone succeeded on forex trading?
For me the more I do back test with forex tester, the more I feel no matter what winning rate and RR ratio, it will just doesn't add up for a winning result in long run, plus all the trading cost like spreads, commissions, etc, it is like gambling in the casino where the odds are always at broker side.

I have been using Fibo Musang and based on this strategy I developed various trading plan, including following signal and anti the signal, still can't find any method to trade the ranging and trending market.

Start to lose my faith on forex trading slowly...

What is your advantage of this fibo musang? Does it follow good trading basics?

I am quite a conservative trader, I don't simple enter a trade based on signal, most of the time I enter only the price reached 4.236 and reversal signal formed, and I only trade H4, most of the time the strategy works, but the problem is, the exit point, we can't really know if the price will reached 1.618, 2.618, or even 4.236, you either picked 1, 2 or all 3. but by doing this, the RR ratio, adding up with winning rate, will make the final result good at some times, and bad at some times, and ending up either you win a little, lose a little.

Wonder is there is any consistence Fibo Musang traders here, mind to share your trading plan?

So it seems like you are 1 step away from being a complete trader.

The problem you have is your exit. This is very much a psychology problem (usually).

Sometimes you tell yourself you have to follow your strategy with discipline. And then you're rewarded when you hit 2.618. But then sometimes you follow with discipline and lose money because it miss your target by 20 pips then reverse all the way.

This is my own personal experience:
-The market constantly changes from trending to ranging. Your strategy usually is designed to capture one of this market conditions. When your strategy suits the market condition, stay disciplined and ride it out. When the strategy doesn't really suit the market condition, be more flexible with your decision.
-Read the book "trading in the zone" by mark douglas. It will most likely give you the answer you seek.

Thanks for the advise, ya, I used to take 2.618, so it gives me 1:2.618 ratio, so I just need to maintain at least 39% of winning rate. But that also hard to maintain. And yes it won't suit every market conditions.

I think you're almost there. I know coz I also had the same problem. But this problem will take a while to solve. There are a lot of things you need to settle once and for all. Psychology issues are not easy to solve.

And if you're unlucky like me you may end up discovering that your strategy is actually not good. And then you have to start all over again. But hopefully that's not the case. Otherwise your journey will still go on.

Anyone can introduce good experience XAU trader? Our company looking for one to work together.

Since I started trading since 6 years ago, went through price action and now mainly applying Fibo Musang etc, still find it hard to maintain consistency, which makes me start to wonder, is there really anyone succeeded on forex trading?
For me the more I do back test with forex tester, the more I feel no matter what winning rate and RR ratio, it will just doesn't add up for a winning result in long run, plus all the trading cost like spreads, commissions, etc, it is like gambling in the casino where the odds are always at broker side.

I have been using Fibo Musang and based on this strategy I developed various trading plan, including following signal and anti the signal, still can't find any method to trade the ranging and trending market.

Start to lose my faith on forex trading slowly...

Watching the JPY clsoely,... might exit my AUDJPY trades partially if the JPY strengthens further.

I will continue to ride my big holdings of AUDJPY and not take profit yet,.... the incumbent PM who will most probably replace Mr Abe is Mr Yoshihide Suga,... who will continue the policies of Mr Abe.