hi pi scalper,
sorry if i am a little straight forward, but from the way you ask the question, maybe wise and safer if you start with smaller account trading micro for example US$500. keep all the remainding US$49.5K in the bank until you are ready. just an opinion.
regards.
Assalamu Alaikum.... Nice WORDS Bro...
I noticed that too... thinking of EXITING all my SHORTS before the NEWS. SL at BE now.
p/s: I noticed you a lot in Qs Thread.... welcome my friends!
Welcome my friend
I stay up the whole night for those entries! Staying aside now. Watching can be profiting to... in the sense of learning... at least better than placing the wrong order. USd10k .. of course can .. hehe..
i just want to know ..
is it ok USd50k in IBFX account ??
thank you
Wa'alaikum Salam. Seen you a lot in CABLE UPDATE. Nice signature
USd10k .. of course can .. hehe..
i just want to know ..
is it ok USd50k in IBFX account ??
thank you
USd10k .. of course can .. hehe..
i just want to know ..
is it ok USd50k in IBFX account ??
thank you
for me... in IBFX save....of course can...
Breaking the CHANNEL... LONG TERM UP Fail to stay above the CHANNEL resistance... it gonna be a long way down. I see this... anyone else might see it different way. Open for discussion. 
Still within DownTrend Channel.... there was a BREAKOUT but fell back inside the channel. Short term still got room to go UP... with the REVERSAL CS on H4 chart
Still within DownTrend Channel.... there was a BREAKOUT but fell back inside the channel. Short term still got room to go UP... with the REVERSAL CS on H4 chart
watch it carefully, Im expecting GBP/USD to go past 1.9750 soon!
Naaaaa.... 25bp is more realistic... and it already been priced in. Times to go up... but... but... I better wait till the NEWS come out. It only gonna be PING PONG UP and DOWN till then. DANGEROUS!!!My clients using IBFX... so far they never got any problem of depositing and withdrawing money. I just wonder how you gonna deposit USD50k without triggering the WATCHDOG at Bank Negara. Perhaps you should deposit it bit by bit... anything above RM10k will flag up the watchdog. I just handle small acc so far... 5k the most. I just trade for them with the password they gave. End of month... they'll transfer the commission to my Maybank.
p/s: Huh enough... not supposed to talk about BROKER here. There's a special threads for that already.
Sweeping relaxation of forex rules
27 March, 2004
Bank Negara Malaysia yesterday announced sweeping liberalisation in foreign exchange (forex) administration to strengthen business environment.
Rules on reporting of forex transactions; maintenance of foreign currency accounts by residents; ringgit credit facilities to non-residents; investment abroad by resident individuals and domestic institutions; issuance of bonds in ringgit by multilateral development banks and foreign multinational corporations; and, forward forex contracts would be either removed, relaxed or simplified from April 1 this year.
Unit trust management companies are among the beneficiaries. They will be allowed to invest abroad the full amount of net asset value (NAV) subscribed by non-residents and up to 10% of the NAV per fund subscribed by residents.
Different funds of a unit trust company or funds of different companies may be combined when investing abroad.
Alliance Capital Management Sdn Bhd Chief Executive Officer Connie Ong said the move will allow funds to diversify more and also to manage risks to portfolios. Ong also said it will keep the fund management industry competitive to meet more liberalised conditions come 2007.
“Ten per cent may not be a lot but it is a good starting point,” she added.
Other fund managers agreed. “The move would also help the development of fund management skills locally,” says David Ng who helps manage US$230 million worth of assets at Hwang DBS Asset Management Sdn Bhd.
He said that it is a step in the right direction. “Bigger clients may want to take advantage of the relaxed guidelines,” Ng said.
SBB Mutual Bhd Chief Executive Paul Low Hong Ceong said Bank Negara’s move is “a first step towards full-blown market opening for the domestic unit trust players”.
Insurance companies and Takaful operators who have been asking for more relaxations as to what they can invest in also have something to cheer about. They will be allowed to invest abroad up to 5% of their margin of solvency and up to 5% of their total assets respectively.
They may also invest abroad up to 10% NAV of investment-linked funds that they market.
Commerce Life Assurance Bhd’s Investment Manager Maznah Abdullah welcomed the liberalisation, saying it gives insurance companies the flexibility to diversify their equity investments in other markets.
“It gives us the opportunity to look at other markets for better returns, especially in a situation when the local stock market has appreciated a lot and has little room to go further,” she added.
Meanwhile, fund and asset managers can invest the full amount of investments by non-residents and up to 10% of investments by residents. These funds may also be pooled for economies of scale.
To improve the domestic bond market, multilateral development banks where Malaysia is a member and foreign multinational corporations may issue ringgit-denominated bonds in Malaysia. The institutions will be allowed to enter into forward forex contracts with offshore licensed banks to hedge their currency risks and non-resident investors subscribing to the bonds issued by them may also enter into forward forex contracts.
Bank Negara will also allow forward sales by residents of any foreign currency receivables in ringgit with onshore licensed banks or approved merchant banks. The sales can be undertaken up to the tenure of the underlying transaction as long as there is sufficient commitment to receive such currency.
Residents may also enter into forward forex contracts to sell foreign currency yet to be received for another foreign currency with onshore licensed banks and approved merchant banks up to the tenure of the underlying transactions.
Bank Negara will also allow them to enter into interest rate swaps with onshore licensed banks, approved merchant banks and licensed offshore banks in Labuan.
Meanwhile, exporters will no longer have to submit annual reports for export of goods. Only exporters with annual gross proceeds of more than RM50 million need to submit quarterly reports and the process of submitting such reports is being simplified.
Rules on maintenance of foreign currency accounts (FCA) are also liberalised further. Overnight export FCA limit for approved operational headquarters is raised to US$100 million from US$70 million while overnight limits for export FCA of other resident exporters are also raised based on the average monthly export receipts.
The maximum limit is US$100 million for those with average monthly export receipts exceeding RM$100 million and US$30 million for those with receipts of up to RM50 million or new exporters.
Resident companies with domestic borrowings may also open FCA for non-export receivables and for resident companies without domestic borrowings they may maintain non-export FCA with licensed offshore banks in Labuan but to an aggregate overnight limit of US$500,000.
Resident individuals with fund abroad may maintain a non-export FCA onshore or offshore including with banks in Labuan without any limit.
For resident individuals with foreign currency funds, they can invest in any foreign currency products offered by onshore licensed banks.
To improve access to ringgit funds for business requirement in Malaysia, all permitted ringgit lending limits for various purposes are consolidated into one aggregate limit and raised to RM10 million.
Non-residents may use the ringgit credit facilities for any purpose in Malaysia excluding for financing or refinancing the purchase or construction of immovable properties.
Resident banks and non-banking institutions may extend ringgit credit facilities in aggregate up to three property loans to a non-resident to finance or refinance the purchase or construction of any immovable properties in Malaysia. Purchase of only land is excluded.
For non-resident stockbrokers or custodian banks, onshore licensed banks are now allowed to extend up to an aggregate overnight overdraft facility of RM200 million (RM10 million previously) to facilitate settlement for purchase of shares listed on the Malaysia Securities Exchange Bhd.
Adapted from "Business Times", 27 March, 2004
Anyway..... just something to read and digest meanwhile waiting for something 
thanks to abanglong and sham
got really good information about that ?
i think IF i want to depo , i`ll do just like u all said
send it piece by piece .. hehe
so sham .. hows the commission ?? what the % about commision ..
saje nak tau jugak at least .. hehe
mana laa tau kan kan kan ...
still waiting Gu to go down ... floating -18 pip with gu now ..
if float -80 pip i`ll go 2nd post for SELL ..
c ya
Normally... I trade for 2 weeks first... if Clients happy... then discuss about commission based on performance. If I failed to impress client. They can always change the password... and I no longer trade for them. Ranging between 20% to 40% of monthly profit.
