Hi,

I'm new in forex trading, just started to trade with demo.
I got few question regarding broker

1. For FXCM Micro, they not allowed you to login during weekend? So can't access their chart as well?
I can't login to my account.

2. Is there any problem with FXOpen last night? the price not updated, the chart keep updating but not showing anything..
Is this normal problem for FXOpen?

3. If using Paypal for forex money withdrawal (OANDA), standard paypal account will be enough? or need to upgrade to premier account?

Frm my reading, it mentioned you will only lose the money you've deposit because of margin call. But in real life will it be possibility margin call failed then you owe loses to the broker? Can you dispute that or you have to pay the extra loses? I know to be on safe side should put stop lose as well but just in case margin call failed.

I'm trying out few broker... so far
FXCM Micro:
+ve : the platform, charting easy to use and understandable. They accept Credit card deposit right?
-ve : if cannot login to my account or access the chart during weekend.
Not planning to trade during weekend but at least I want to review back my trades I've made for the past week. Study the chart...
Withdrawal method only by Bank Wired, normally how much is the Administrative fees? Hong long will it take to transfer to our local bank?
For the transfer, can directly transfer to normal saving/current account or I need to open new foreign account like the one offer by Maybank?

FXOpen:
+ve : easy deposit/withdrawal to local bank
-ve : not regulated. the quotes & charts not refresh or looks like hang (maybe this happend on Friday night only?)
Can access account during weekend?

FXCM Micro & FXOpen, both offer low deposit & high leverage
(1:400) (1:500)

OANDA : haven't try yet. Having problem with opening the platfrom. Something wrong with java version I've used in my PC. I'm using jdk 1.5

Interbank Fx : haven't install the program. If not mistaken allowed deposit/withdrawal to local bank?
But frm review I've read, the price often get requotes. Is this true, will it effect so much to trading?
I know most broker also have requote the price, but the only different will be how often?

Any other broker should I try? Broker that allow you to access your account & chart during weekend?

Please advice. Thanks

AdamG told me before the forex broker he used based in SG, but I've forgot the name already..

Thanks for all the feedback

metatrader is totally free or it's a shareware?
Even for actual FXCM account, you can't check ur trade history during weekend?


Noted

It's metatrader 4 Build 220 (7 Nov 2008) connect to FXOpen demo account, I can't remember the time but it's happen between 1 - 3am yesterday
Paypal has no restriction on how many times withdrawal per yr?

I found this pdf from http://forexeasystems.com/Downloads.htm
Our time should be same as Hong Kong

Hope this can help...

Managed to login to my FXCM,
seems that they disable login only on Sat then by Sun 12am you can login back to your account but no trading until market open...


Attached File(s)
 MarketTimes.pdf ( 21.92k ) Number of downloads: 25

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?

This post has been edited by tsarena: Mar 2 2009, 11:47 PM

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

Not really... don't have such amount yet...
working on it ...
well just sharing frm what I've read before

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

you're not alone....
it's really sakit hati to see all the hard work lost in 1 night.... (i admit this is due to my lack of techique & GREED !!!)
I'm not expert but I think better live today fight tomorrow....
at least you still have chance to make a come back....

It's not weird la... it's just a basic & simple way of playing forex - I think...
last time in uni I also do like that .... earn couple of hundreds in months
but back then in 1999 earn few hundreds already big for student like me

Pls correct me if I'm wrong.
I guess around that time, forex broker not yet well known in Malaysia or not easily access for public.
Time changes, now almost everything can be done thru internet already...

BTW I think I'm in stage 2.
Need to learn more...especially the part to control my greed

Why do I feel like tonight Gbp/Jpy seems quiet...
maybe I already missed the action

This post has been edited by tsarena: Apr 10 2009, 01:08 AM

me also.... mine is real account, takes some time to login and the chart didn't appear at all
and I also use streamyx....

I long GJ & UJ....
GJ open at 143.745 TP:149.721 SL:145.745
UJ open at 97.537 TP:100.582 SL:98.535

based on my chart, it's still show in uptrend
THV point buy signal on daily chart and
I got EMA 1 cross over EMA 5 on daily chart as well
Maybe I'm looking wrongly at the chart...

but I'm not sure with FA side
Will it still continue until next Monday?

That's high already...
For FXCM micro acc, GBP/JPY normally around 3.8 - 4.7...
http://www.forexmicrolot.com/

This post has been edited by tsarena: Jun 14 2009, 12:12 AM

just my few cents, u won't last long if u based on feelings to do ur trade...

yeah... if based on feelings.. we'll be greed/fear/revenge trade