anyone here trade FCPO?

What is FCPO?

just curious, if I have some propreitary software to predict trend (but I dun have )
will use it for unit trust or to play futures
those I know, use it for futures & even after they explain it, found its not my cup of tea
any sifu around to demonstrate their skills

http://www.bursamalaysia.com/website/bm/pr...erivatives.html

http://www.bursamalaysia.com/website/bm/de...tives/products/

http://www.bursamalaysia.com/website/bm/pr...ci-futures.html

still observing only.. currently playing FKLI

broker still advising me to be consistent in FKLI before attempting FCPO.

the reason is obvious, FCPO is much more volatile than FKLCI by many folds.

For instance, Yesterday the CPO went down by 103 and you can either make a profit of RM 2,575 or a loss of RM 2,575 at the end of the day if you did not close your position when it starts to head south... so happen you have long the FCPO by chance or by mistake, the next day you will need to top up RM 2,575 in the worst case scenario. If you got few contract on hand, it can make you a very happy man or vice versa

By the way, there is another thread on derivative

http://forum.lowyat.net/topic/602533/+140

yes this is a high risk instrument.
Need strict discipline to make money.
anyone interested to know more about it, do pm me

Are you a future broker?

Yes, im a cfbr with cimb. Been trading FCPO for 2 years. Paid my fare share of 'school fees' at the beginning.

Starting a thread so that traders can share their experience. And beginners can learn to trade.

broker also pay school fees?

yup, its all part of learning

yes.. i am a FCPO trader...

this thing can make you rich and also can make you poor...

i tried before intraday trade , 1 lot only.

earn about RM2000 per day..

you need to know how to trade it..

or else find some sifu first..

earn bout RM2K per day?

sure or not??

Yes its possible, especially with recent volatility. the high and low is at least 60-100 bids a day (1bid = $25). You can either make 2k or loose 2k with 1 contract depending on the position you are holding

FCPO must learn the physical as well. That means you need to know the weather.

Guys, do you know whats the minimum capital to trade CPO? and when will the margin call be triggered?

currently, the maintenance margin is RM6,250 per contract. so that's the minimum amount you need to have.

maymaylee,do you care to share any sifu?

May i know what is the different between FCPO with FKLCI ?

FCPO = future contract for crude palm oil. this one track the price movement of palm oil

FKLI = future contract for KLCI index. this one track the movement of KLCI index

1 point movement of FCPO = RM25 (smallest tick = 1)
1 point movement for FKLI = RM50 (smallest tick = 0.5)