Forex/Cryptocurrency General Chit Chat Thread

[Mr.Canberra]

crypto can leverage on some brokers but the holding cost is crazy

Pay swap until pok gai!

 

[Visa4550]

Is crypto the easy money has been made? All downhill from here

Sent from Asus ASUS_Z00UD using GAGT

 

[DukeCS33]

I have more confidence in trading Forex than Crypto.

Crypto unable to leverage and even with BTC futures the margin required is very high.

Luckily those FOMO punters only play 1:1!

Anyway in all forms of punting we must keep transaction costs low. Just like keeping the operating cost of a business as low as possible. The high cost of Crypto transactions just do not make good business sense. To run a successful business we must learn how to control costs if not will fold up very soon.

Most of the time in the course of doing projects I ownself become the 'Bangla' and do all the manual work myself. Boh bian must control costs.

Yes and for the same reasons, I have found it difficult to trade Singapore shares. Transaction costs way too high - in this time and age, the local brokerages can still get away with high brokerage costs - I hope someone comes in and shake it up - just too inefficient.... and its not like their platforms are cutting edge or brokers have a solid advisory track record.

 

[ExtremeWays]

Anyone shorting the fake USD rally

 

[Mr.Canberra]

Suddenly my USD shorts recovering!

However my EUR/USD short cui!

By the way chua sai boy tried to revive his thread. He should continue to post his rubbish on his thread and stop polluting this thread. Please like this post if you agree.

In case chua sai boy's memory falls short. He ever posted, "I will never post on that ******'s thread!".

 

[ExtremeWays]

Suddenly my USD shorts recovering!

However my EUR/USD short cui!

By the way chua sai boy tried to revive his thread. He should continue to post his rubbish on his thread and stop polluting this thread. Please like this post if you agree.

In case chua sai boy's memory falls short. He ever posted, "I will never post on that ******'s thread!".

Hmmm did you long USDJPY? Cuz it has been going down. I take your position as reverse signal

 

[edwardZ]

woah USDJPY going back up again, lucky i closed off my short last night although abit too early heh...had been looking forward to below 109 for USDJPY

 

[Mr. Wood]

Suddenly my USD shorts recovering!

However my EUR/USD short cui!

By the way chua sai boy tried to revive his thread. He should continue to post his rubbish on his thread and stop polluting this thread. Please like this post if you agree.

In case chua sai boy's memory falls short. He ever posted, "I will never post on that ******'s thread!".

 

[ExtremeWays]

woah USDJPY going back up again, lucky i closed off my short last night although abit too early heh...had been looking forward to below 109 for USDJPY

Final push before heading down

 

[Mr.Canberra]

This week eat grass sia!

Waiting for Uncle Powell to come to the rescue from Jackson Hole symposium!

 

[edwardZ]

This week eat grass sia!

Waiting for Uncle Powell to come to the rescue from Jackson Hole symposium!

i need him to say something drastic like raising rates once instead of twice for later this year to bring usd-jpy down

 

[awful999]

This week eat grass sia!

Waiting for Uncle Powell to come to the rescue from Jackson Hole symposium!

take someone reverse signal, long UJ and EJ, huat a bit bit

finally can breath some clean air liao

 

[Mr.Canberra]

ExtremeWays p-banned for being a forum nuisance, subsequent account will be kill-on-sight as clone account of banned member.

take someone reverse signal, long UJ and EJ, huat a bit bit

finally can breath some clean air liao

This chua sai boy also pissed off Kinetic88 shushu on another thread. Now permanently banned hahaha!

Not bad for you man.

I am still trying to figure out how to make back the S$11,000 loss! This 7th Month Festival really sway month for me. 夜路走多，迟早见到鬼！

 

[Mr. Wood]

This week eat grass sia!

Waiting for Uncle Powell to come to the rescue from Jackson Hole symposium!

speaking tonight!

 

[goldnut]

Quick question, since I dunno where else to ask this :

When China ends the 'One country 2 systems' policy for Hong Kong after 2047, what will happen to HKD? Will it be replaced by the Yuan and will it crash before that happens?

 

[revhappy]

Quick question, since I dunno where else to ask this :

When China ends the 'One country 2 systems' policy for Hong Kong after 2047, what will happen to HKD? Will it be replaced by the Yuan and will it crash before that happens?

HKD is a managed currency. So it will not crash. It will just be exchanged for Yuan at close to the prevailing rate at that time.

Sent from Xiaomi REDMI NOTE 4 using GAGT

 

[goldnut]

HKD is a managed currency. So it will not crash. It will just be exchanged for Yuan at close to the prevailing rate at that time.

Sent from Xiaomi REDMI NOTE 4 using GAGT

I see, thanks.

So, in theory, stocks in HKD should be unaffected much?

 

[revhappy]

I see, thanks.

So, in theory, stocks in HKD should be unaffected much?

It shouldnt be affected, if HKD falls the stocks will rise and vice versa. So in a neutral currency there should be no difference.

Brexit is a good example. After sterling fell, FTSE rose to make up for the difference.

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[Calpha K]

i need him to say something drastic like raising rates once instead of twice for later this year to bring usd-jpy down

Hi, just to understand, by your statement, "increasing rates" means USD will decline?

Why is this so? Isn't the increasing of rates mean that economy is doing well, and that the USD should rise instead?

I'm still learning, would like to understand this rationale

 

[revhappy]

Hi, just to understand, by your statement, "increasing rates" means USD will decline?

Why is this so? Isn't the increasing of rates mean that economy is doing well, and that the USD should rise instead?

I'm still learning, would like to understand this rationale

Increasing rates once instead of twice means, increasing less, so USD should fall as the yield will be lower. Of course this is a very simplistic scenario. FX rates can move based on many factors including sentiment.

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