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Investment Forex Version 21, Foreign Exchange Market Discussion

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OmiCatFace
post Jul 2 2021, 12:08 PM

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Hi All!! Man... I have been away from Forex for so long. Plan to get back into the game now.

I have been missing a lot since end of 2019. Any update for a good Forex broker to start? Good spread, easy withdrawal and of coz, no delay...
Suggestion will be very helpful! cool2.gif

Note: I previously used XM and Tickmill
OmiCatFace
post Jul 2 2021, 12:56 PM

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QUOTE(cmk96 @ Jul 2 2021, 12:45 PM)
XM withdrawal already very fast... few hours can get it.
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I wonder why XM has been getting bad in feedback overall; by checking them online and the app's review. That is why I dont mind considering trying out other broker. Fast execution, good spread and CS should do the job the least.
OmiCatFace
post Jul 5 2021, 11:52 AM

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Just a quick question... which one is cheaper actually; commission base broker or forex spread? Like XM, their average spread is around 1.6 but can be as high as 3-4 too... if like this, commission base forex broker is cheaper right?
OmiCatFace
post Jul 8 2021, 10:52 AM

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QUOTE(iamtheone2020 @ Jul 6 2021, 07:19 PM)
No..so far spread is same with my non-IB bound acc .. initially heard this prob too so tested like 6 months.. so far no effect on spread and slippage.. maybe ur IB dont want to lose ur business.. so they say like that.. i even ask IC markets CS they say no such thing
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Wow... I didnt know there is such thing as rebate. Basically they are the middle party between us and the broker? From what I understand from the video explaining how it works.... and it shouldnt affect the spread or anything since we will deal with the broker for each order we put in.

This is great, but why not many ppl sharing it here? Did not see any bad reviews about them too.
OmiCatFace
post Jul 19 2021, 09:08 AM

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QUOTE(kenntan @ Jul 16 2021, 10:33 AM)
Good day.

Just shared my experience here.
I just joined the FX 3 weeks ago...which the platform was recommended by someone post on FB.

I am curious and would like to ask, is it common practise of a FX trading manager did not ask the risk can be taken from a new investor?

Or they just only provide some latest news and share the tipsi to buy call?

Unfortunately, with the misleading of manager, I have loss 4k USD in three weeks time .

Let me share with you guys what is the counter i entered most : Mostly high risk of Crude Oil and Gold and Silver counter, where no guide of "SL"

Anyway , starting from today, I will learn more knowledge of how to trade in FX. I believe thru the investment on FX, will generate more passive income especially on this pandemic.

Thank you.
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I will never let other ppl take such a big sum of money (for beginner) to invest unless I truly know and understand a basic understanding of it. I started to learn about forex in 2017 and all through online education starting with Babypips and then move on to YouTube and Google-ing everything about Forex. And of coz, after learning all these, start with a Demo account and play with it. When you are confident, start a live account to try out like $100 may be.. I lost them several times but at least it is not a huge money and trust me, you will get better every time...

Confidence wise, you will demotivate every time u lost the whole account. Take a break and continue to evaluate back the strategies and regroup. After almost 4 years, I still havent give up on it but I think I am getting there...

Good luck to you and dont give up!! cool2.gif
OmiCatFace
post Jul 19 2021, 11:06 AM

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QUOTE(low yat 82 @ Jul 19 2021, 09:17 AM)
Give up mang. Forex is like a big casino. Haha
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lol.gif knock.gif
OmiCatFace
post Jul 22 2021, 04:27 PM

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QUOTE(aaron1717 @ Jul 22 2021, 03:36 PM)
oh okay got it bro, first time withdraw quite huge amount from IC markets straight to my account, hopefully it wont take too long time... thanks bro
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How much is huge amount we are talking about here... brows.gif

Update us again here later ya see how long it takes. Besides this, how is ur experience with IC Markets so far? Good?
OmiCatFace
post Jul 22 2021, 05:02 PM

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QUOTE(iamtheone2020 @ Jul 22 2021, 04:36 PM)
Amount not an issue.. just that the first time i got call from Pbb asking source of fund since it was 6 digits But since i deposit using the CC i just say its refund from IC markets and no other questions asked.. make sure u keep a copy of monthly transaction if any problem arises in the future
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how about your next fund transferred to ur PBB CC? You still transfer such amount and did they call u and ask again about the source?
OmiCatFace
post Aug 4 2021, 01:53 PM

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QUOTE(galkelly @ Aug 4 2021, 01:29 PM)
user posted image

why my take profit already hit 3 times, but still didnt execute ?
is it becoz of slippage or havent met the spread ?
please advise
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Not sure if you aware of this, but hope this helps... something to do with Forex spread from your broker

OmiCatFace
post Aug 9 2021, 12:18 PM

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Do everyone here trading all the 20+ currency pairs or just picking some of the favourite pairs to trade only?
OmiCatFace
post Aug 27 2021, 04:59 PM

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QUOTE(galkelly @ Aug 27 2021, 01:49 PM)
Guys, i have never deposited my forex acc thru Visa/Master CC or Debit card.
Say, i withdraw money thru Visa/Master CC, how do you get the money out from CC? is it go to ATM like normal and withdraw. ?
and let say u got debt in CC, does the withdraw will minus the debt ?
pls advise. TQ TQ
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I am sure there is someone from this group has withdraw from CC before. I remember someone shared that before. My guess is from CC perspective, you will need to transfer your forex profit to CC and then withdraw it from ATM; like a Debit card. However, if you withdraw more than your balance in CC, the remaining will be charged by CC with interest pa rate. For example, if you have credited to your CC RM1k, you can withdraw RM1k from ATM and they will charge you some withdrawer fee. If you try to withdraw RM5k, the other RM4k will be charged with interest rate by the bank.

I might be wrong. Someone else can advise him on this.
OmiCatFace
post Aug 27 2021, 05:01 PM

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Btw, can I know if anyone here using Tradingview or using other platform like MT4/5?

Just realized that Tradingview updated their free version platform, unable to save all your stuff in your account. Might need to explore if I should pay for it or just use other platform...
OmiCatFace
post Sep 1 2021, 03:49 PM

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QUOTE(cmk96 @ Sep 1 2021, 11:55 AM)
Looks like new strategy is working....  smile.gif

But can't be too happy... MC always waiting in silence.

I put SL btw.

[attachmentid=10963124]
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Power... Well done! rclxms.gif

What strategy you using? whistling.gif
OmiCatFace
post Sep 28 2021, 03:20 PM

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QUOTE(spoon2272 @ Sep 28 2021, 02:30 PM)
Hello all forex sifu in here.I've been trading forex since last year and i have spent thousands of RM for books,ebook,forex class but i'm still nowhere profitable.Can you guys share from where/whom i can learn more?I am serious about making money in forex trading and want to a full time trader.Thanks in advance!
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I am not a sifu nor a service provider. I have been learning Forex since end of 2017 and I have done a lot of readings and watching videos along the way; even until now. I have not been a profitable trader years after years, but I am making small profits or breakeven at times now. I have a full time job and I do my learning, research and testing after work every night and sometimes on weekend. I did not spend a single cents on courses, classes or EA but I did spend some cash on the books in investment psychology, technical analysis and so on.

I am just like you, dreaming to be a full time trader one day but still keeping my full time job and putting some time for myself in learning. I have not gave up until today; only taking some break after losing some small accounts and restart. Once you manage to find a way of trading that suits you and you come out with your own rules of trading, you will slowly see some results.

Be patient and also be discipline. Everyone want an easy way out but nothing is easy in life. I am sure many of the sifus here has experienced worst than me bursting thousands in their account and become profitable now. Find someone who is willing to share you the knowledge; all this should be free... dont need to pay thousands for the courses where you can even find it online for free. For me, technical analysis is the way to go.

Wish you all the best and good luck! cool2.gif
OmiCatFace
post Oct 1 2021, 12:13 PM

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QUOTE(cmk96 @ Oct 1 2021, 09:59 AM)
Anyone traded gold in September?

Nearly MC after 2 days of trading.

Lucky have extra margin from deposit bonus.  bruce.gif  bruce.gif

Lucky no aim 50-70%.

[attachmentid=10994184]
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Until now still havent dare to trade Gold. But looking back, it was a downtrend in September... still a clean downtrend for now before it break structure

You trade Gold only in September so far?
OmiCatFace
post Nov 11 2021, 12:44 PM

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QUOTE(Lucas0323 @ Nov 10 2021, 02:44 PM)
What pair do you guys trade mostly?
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I used to trade all 20+ major pairs which can be take a lot of time analyzing it especially you have a full time job. I tried to look at all the charts on Sunday and put in the notes I need to look for on each chart, but I can tell you can be quite confusing and time consuming at times.

Now I reduce it to like 8-10 pairs, seems to have a better hold on it than trading all of it. Sometimes I open the other charts and found some missing opportunity, but hey, cannot be having FOMO all the time. Need to be discipline and just focus on what you can trade within your own capabilities. Of course if you have the time and effort, go for all major pairs will be great.
OmiCatFace
post Jan 21 2022, 05:31 PM

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Definitely will get query from the local bank for sure. Especially coming from overseas...

I remember there is a broker or third party like Neteller that offers debit card that you can use to withdraw money from the ATM but with limited amount per day... I cant remember which is it and I think someone shared this in the forum as well.

 

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