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 FOREX Corner v 5.0, FAQ|Technique Sharing|News|Broker

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iamfine1983
post Jun 20 2009, 02:28 AM

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Joined: Jul 2005
QUOTE(cyaoping @ Jun 18 2009, 02:54 PM)
hi guys

i have an account at forex.com but i not recommended it.

coz like yesterday at timing come but i cant connect to the server.

That is bad.

Any bro can introduce me some reliable and easy connect broker?
*
GFT is reliable but the problem is we malaysian is having hard time to load to their server.
Interbankfx is average
Alpari is good
dukascopy is good but needs very high deposit


Added on June 20, 2009, 2:55 amguys came across this site couple of days ago. group that provide free signal, hope it will be helpful http://groups.yahoo.com/group/starfx_signal/

This post has been edited by iamfine1983: Jun 20 2009, 02:55 AM
iamfine1983
post Jun 20 2009, 03:11 PM

Getting Started
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QUOTE(rstusa @ Jun 20 2009, 09:53 AM)
Today i saw an advertisment on newspaper regarding forex broker in Malaysia. The company called SuperFrx Sdn Bhd, website: http://www.superfx.net/ . I thought BNM haven't approve forex broker based in Malaysia but this company even got their own MT4 platform named MetaTrader-SUPERfx, got company address too. It doesn't tell got any partnership with other broker oversea, looks like it created themselve. Pls check it out and give some comments, thanx!
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BNM does not approve any forex company. All we have to do is just to launch a complaint to the Securities Commission Malaysia and they are dead. In Malaysia we are not suppose to even trade forex but they are just closing one eye at the moment. For the passed couple of months they have closed down more than 20 Forex company in Malaysia. One of the requirement to open a trading company in Malaysia is you need a paid up capital of RM5 million.
iamfine1983
post Jun 20 2009, 04:16 PM

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QUOTE(BlueHeng @ Jun 20 2009, 03:27 PM)
If we are not allowed to trade in forex then explain how did the free workshop in KLCC happened? It was considered a major event. Don't tell me the government 'closed an eye' as well?
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You see, what they are providing is education. If it is regarding about commodities or stock it is allowed but with proper licensing, but not for forex. If they have forex it will just be education.


Added on June 20, 2009, 4:18 pm
QUOTE(penanghomes @ Jun 20 2009, 03:41 PM)
the thing is here in Malaysia,you can do forex trading with exception the company is licensed outside Malaysia.

Malaysia govt currently are only giving licence to banks and finance corp to do forex trading...

Malaysia is a place easy to survive but hard to be rich...
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haha talking about survivor, we should consider United States. They have proper human rights unlike malaysia. A normal waitress will get roughly 3k USD monthly, its enough to buy a new BMW 3 series. So we live in a country where there's pros and cons.


Added on June 20, 2009, 4:22 pm
QUOTE(mguivono @ Jun 18 2009, 09:47 AM)
what do you mean use bank? how?

then how much is the maximum capital you guys park there and trade? how much trade size each time usually you guys trade?maximum?
because as senior BulkBiz mentioned that they target large group, or am i missing something?

please help to enlighten me  notworthy.gif

Thank you.
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You can open a direct trading account in UK, i think barclay they have that service but you need at least 500-1 Mil USD to start your trading account with them. Or unless if you have that volume.

This post has been edited by iamfine1983: Jun 20 2009, 04:22 PM
iamfine1983
post Jun 20 2009, 05:27 PM

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QUOTE(rstusa @ Jun 20 2009, 04:38 PM)
I don't think a 3k waitress can get a BMW 3 series in US. Because other expenses already very high especially rental that most likely over usd1000/room if you're in New York. And don't forget their income tax is between 35%-50%.
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You must be crazy, 50%. That is day light robbery already. It depends on the states. Is around 10-35% Income tax., so if we are talking about range of 3K USD it falls in the category of ($8,351– $33,950) which is roughly around 15% after deducting a few tax deductible stuff(gross income - standard deduction -personal exemption = taxable income ) and it will drop to that category. Getting a BMW car is roughly around 20-30k. If u put it as 1 on 1 basis with Malaysia is cheaper than Kancil. Well new york is one of the most expensive state around. San Jose, Hawaii, California you can get cheaper. around 600-800 USD. Paying a BMW car is only 400-600 USD per month. And you don't want to stay in New York as it is on of the most notorious States you can imagine.


Added on June 20, 2009, 5:29 pm
QUOTE(unknowndevices @ Jun 20 2009, 05:07 PM)
hello,newbies question here,the forex market works 24/7 or 24/5?meaning on weekends the market closed is it?... hmm.gif

if its closed,what time would it closed on which day (Malaysia time)?...hoped any sifu(s) mind to share... smile.gif
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It is very dependable on the broker. Usually it closes at around 5-7 A.M on Saturday and re-open again Monday Morning 5-7 AM. You need to check with your broker on this.

This post has been edited by iamfine1983: Jun 20 2009, 05:29 PM
iamfine1983
post Jun 20 2009, 06:13 PM

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QUOTE(BlueHeng @ Jun 20 2009, 05:50 PM)
I'm still having a hard time understanding the logic behind it. If the government allow them to 'educate' us about forex trading, it(forex trading) shouldn't be something that's restricted (or not allowed). A good example is that no one will have a big workshop on how to play poker or blackjack in KLCC (or worst still 'how-to-smoke-weed').

I do understand however that forex brokering is not allowed in Malaysia.
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Hahaha.. Welcome to Malaysia rclxms.gif

Anyway Forex Brokering was once allowed in Malaysia, but due to lotsa SCAMS in Malaysia they decided to only let banks and big institutes to do it.
iamfine1983
post Jun 21 2009, 02:29 AM

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QUOTE(penanghomes @ Jun 21 2009, 12:57 AM)
Thanks for caring me... drool.gif ...........the reason is getting a good broker is also very important study in my studies...hehe..
so please any ideas????????
*
alpari
ibfx
gft

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