FOREX Corner v 5.0, FAQ|Technique Sharing|News|Broker
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 Mar 2 2009, 11:35 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur   
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USD/JPY H4 chart:
Long/Short if price break either side. But beware of the resistance line if go long. Added on March 2, 2009, 11:35 pm QUOTE(MNet @ Mar 2 2009, 11:28 PM) then from 2k loss to $100 within days Nope, he withdraw the money. This post has been edited by bulkbiz: Mar 2 2009, 11:35 PM Attached thumbnail(s) 
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Mar 2 2009, 11:47 PM
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Junior Member
357 posts Joined: May 2006
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QUOTE(dreams_achiever @ Mar 2 2009, 07:20 PM) Tax agency will invite you for coffee session if found out that you transact more than USD50K internationally. My friend told me if wire transfer money frm oversea into Malaysia more than Rm20k then need to declare to Bank Negara... Is this true?Means can't do wire transfer more than 50K at certain time unless you wish for tea break with them..hehe  This post has been edited by tsarena: Mar 2 2009, 11:47 PM |
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Mar 3 2009, 09:57 AM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(tsarena @ Mar 2 2009, 11:47 PM) My friend told me if wire transfer money frm oversea into Malaysia more than Rm20k then need to declare to Bank Negara... Is this true? If not mistaken, maximum is RM50K only. If more than that, you need to ask for Bank Negara approval. |
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Mar 3 2009, 10:46 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Why so many rich people here one, 10 mil usd, 50k usd, 20k usd.
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Mar 3 2009, 11:53 AM
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Junior Member
60 posts Joined: Apr 2007 From: Malaysia
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Want to learn Forex Trading under a Mentoring Programme? Please view my post at http://forum.lowyat.net/topic/952838
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Mar 3 2009, 12:14 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(theDoy82 @ Mar 3 2009, 11:53 AM) Want to learn Forex Trading under a Mentoring Programme? Please view my post at http://forum.lowyat.net/topic/952838 May I know how much? |
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Mar 3 2009, 12:40 PM
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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QUOTE(dreams_achiever @ Mar 2 2009, 08:20 PM) Tax agency will invite you for coffee session if found out that you transact more than USD50K internationally. You mean when we transferring back the money to malaysia? If our money still in US broker, let's say we got a bank savings account in US, then we transfer there, will the tax agency find us for coffee?Means can't do wire transfer more than 50K at certain time unless you wish for tea break with them..hehe |
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Mar 3 2009, 12:42 PM
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Junior Member
60 posts Joined: Apr 2007 From: Malaysia
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QUOTE(bulkbiz @ Mar 3 2009, 12:14 PM) May I know how much? Well, you will need to know if you are qualify to join us first before knowing the fee. After you know you are qualify, we will tell you more about our group and the fee, it is still up to you if you want to join us. Send me your detail then we talk. |
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Mar 3 2009, 12:43 PM
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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QUOTE(tsarena @ Mar 3 2009, 12:47 AM) My friend told me if wire transfer money frm oversea into Malaysia more than Rm20k then need to declare to Bank Negara... Is this true? No need, unless more than RM50K. I tried to wire more than RM30K & less than RM50K from oversea to malaysia before, just a normal transfer, no need to declare anything. |
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Mar 3 2009, 07:27 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(rstusa @ Mar 3 2009, 12:40 PM) You mean when we transferring back the money to malaysia? If our money still in US broker, let's say we got a bank savings account in US, then we transfer there, will the tax agency find us for coffee? This i'm not sure. Depend on US regulations.Last time BNM apply such regulation to prevent money laundering which happen alot during currency crisis. i think so... |
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Mar 3 2009, 10:31 PM
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Senior Member
1,269 posts Joined: Dec 2005 From: Sibu, KL
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Guys which is the most recommend platform to use? Currently I try to involve myself into forex trading because I wanted to learn to earn profit from it.
1. Can I start real account with paypal account? 2. which platform/chart software u guys recommend. I will try to learn with practice account 1st. |
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Mar 3 2009, 10:52 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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ahhhhh shit 4 losing streak.....gonna stop for this week:(
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Mar 3 2009, 10:54 PM
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Junior Member
357 posts Joined: May 2006
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QUOTE(dreams_achiever @ Mar 3 2009, 09:57 AM) If not mistaken, maximum is RM50K only. If more than that, you need to ask for Bank Negara approval. QUOTE(rstusa @ Mar 3 2009, 12:43 PM) No need, unless more than RM50K. I tried to wire more than RM30K & less than RM50K from oversea to malaysia before, just a normal transfer, no need to declare anything. Thanks...I've read frm another forum, it said if LHDN ask about the money, then just need to print forex account statement to prove the money is yours but not sure will this work and what other consequences  |
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Mar 3 2009, 10:58 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(tsarena @ Mar 3 2009, 10:54 PM) Thanks... You worry about your money is it:) tsk tsk tskI've read frm another forum, it said if LHDN ask about the money, then just need to print forex account statement to prove the money is yours but not sure will this work and what other consequences |
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Mar 3 2009, 11:17 PM
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Junior Member
357 posts Joined: May 2006
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QUOTE(bulkbiz @ Mar 3 2009, 10:58 PM) You worry about your money is it:) tsk tsk tsk Not really... don't have such amount yet... working on it ... well just sharing frm what I've read before |
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Mar 3 2009, 11:37 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(tsarena @ Mar 3 2009, 11:17 PM) Not really... don't have such amount yet... So how is your trade this week? So far so good? working on it ... well just sharing frm what I've read before |
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Mar 3 2009, 11:37 PM
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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QUOTE(tsarena @ Mar 3 2009, 11:54 PM) Thanks... Every broker provide the W8 form for LHDN declaration.I've read frm another forum, it said if LHDN ask about the money, then just need to print forex account statement to prove the money is yours but not sure will this work and what other consequences |
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Mar 3 2009, 11:38 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(rstusa @ Mar 3 2009, 11:37 PM) Every broker provide the W8 form for LHDN declaration. Thanks for the information, I didn't know about that. |
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Mar 3 2009, 11:57 PM
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Junior Member
357 posts Joined: May 2006
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QUOTE(bulkbiz @ Mar 3 2009, 11:37 PM) So how is your trade this week? So far so good? So far so good.. All 3 my demo account making profit... but it's still a demo account... not yet trading live. I guess nothing beats the real experience trading with live account... current fave pair EUR/USD & GBP/USD |
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Mar 4 2009, 12:23 AM
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Junior Member
20 posts Joined: Jan 2009
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QUOTE(tsarena @ Mar 3 2009, 11:57 PM) So far so good.. trading with live account will be different from demos.... All 3 my demo account making profit... but it's still a demo account... not yet trading live. I guess nothing beats the real experience trading with live account... current fave pair EUR/USD & GBP/USD will involve real cash and emotion... |
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