Monday, November 21, 2016

USDMYR.... Still weak

A fellow trader asked me this lunchtime. "Ho ah? Capital controls? I heard the ringgit to exchange for US Dollars cannot already lah at the bank"

This is the sort of uneducated rumour mongering going on by uninformed nincompoop traders... According to my source in the banking circle, the spot USDMYR market is 'back to normal' not. The level is higher now, reflecting the supply and demand of buyers/sellers....


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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil


From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system