hehe,
please dun burn my ignorance as it's bliss

but just wondering why do you guys say that GBPUSD is very profitable now?
thanks.

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Added on January 29, 2009, 10:20 pmhi guys,
i've read somewhere that fx wasn't allowed in malaysia.. due to tax thingy i think a few years back.

what is the current situation on fx and taxes?
let's say you're the next george soros and you make over a few mil from your initial $10k, then would you get tax like crazy or have those good folks from bukit aman storm your house when you withdraw some $$ into your fat savings account?

thanks

This post has been edited by melaos: Jan 29 2009, 10:20 PM

wow hey thats awesome then.
that's one piece of action where the gov can't touch on. hehe

yea
if you did make money without any knowledge then you're lucky.
but just like gambling, it's what happens in the long run that counts.
winning 1-2 times doesn't make you a genius.

but it's a well worthy investment if you're planning to master it and do it well.
sure beats serving ice blended coffee at starbucks during the weekend

agreed dude please take any potential arguments elsewhere, it kind of bring down the forum a notch from healthy fx money making dollar seeing lust

well the other thing that i recently saw which was quite interesting is to trade when major news are released, like NFP for US yesterday i think.
it went the other way but when you're trading USD pairs it does setup some nice short trends which you can follow for short profits.

any of you pros want to chime in and tell me how dumb that is?
i know it's risky but it's still a rather good looking piece of profit that can be made in a very short time.