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)

oh~ SO the movement affected by factor ?
How much min contract ?

fcpo are affected by the data regarding export, inventories etc....it is also affected by the price of it's substitute, such as soybean oil.

fkli, well it follows klci index.


currently the margin for fcpo is RM6,250 per contract. so u need min that amount. for fkli, i'm not sure.

Using bursa station to get live chart for both. But dunno how to get soybean price and the different.

CBOT Soybean
Soybean Meal

---

Added on November 29, 2011, 5:37 pmCan you be our sifu?!

This post has been edited by snake4168: Nov 29 2011, 05:37 PM

Soybean price n chart can get from cmegroup. Google them.

As I know chartnexus will be open a class in January for 2 days for Future Trading course.

I also know they will open a preview at this Saturday at MCA HQ office about Future Trading as well.

Anyone got more info?

I am a Futures Broker of IF derivatives, a futures brokerage house.. My contact number = 0165171798 email= yauaun1989@gmail.com Pls feel free to contact me about more information.. thks

hi all,
feel free to visit my blog DMAWorks how to trade fcpo & fkli
many thanks

wrong posting remove

This post has been edited by cyjh: Mar 14 2012, 07:56 PM

Futures is very easy to learn and understand. The investment amount is cheaper too unless you really have no money. So, if you can afford to invest in shares or property market, then Futures should be no problem. As for the so called 'high risk', it is actually up to the trader how much risk he is willing to take.

If you are not willing to lose more than RM500 then you must make sure you do not lose more than 10 points for FKLI (10pts x RM50) and and 20 points for FCPO (20pts x RM25).

Feel free to PM me if you are interested to open Futures account with my Company (near KLCC).

Hi, I find the gap for the FCPO is deadly. How do you handle such gaps? I also was told not to use stop loss level because the market makers will just come trigger you. Any opinions?

They are. Sometimes even putting a Stop will cause great damage. This is why most individual traders do intraday trading as they do not want to be exposed to the deadly gaps.

When you said intraday trading, do u mean get in at opening and get out before lunch, and get in again and do not leave overnight? How do you deal with the gaps?

Well intraday does not necessarily mean get in at the open and out at the close of each session. You can get in at anytime of the day of course, depending on market conditions, signals, momentum etc. Intraday means we close out the trade the same day itself and not leaving the position overnight which exposes us to the gaps the next day.

Sometimes gaps can create great opportunities for trading.

Can you give example which counter can play intra day? Perhaps from your past experience... any reading on the matters is also appreciated...

Anyone interested to trade fcpo/ fkli intraday ? Very easy. FCPO min RM7000. FKLI min RM5000. If you have more equity eg, RM20,000, can trade more contracts. If you are beginner and just want to try first can trade small points and can also do spread. to avoid risk.

My company can charge brokerage very low based on volume.

what is small points and what is spread? how to trade them? please teach us.

how low is consider low?

Suggest you guys to read some blogs and start following some blogs/commentary and see whether the strategies are suitable for you, whether you are a swing (position) trader/intra day trader/volatility trader. Most of the futures house offer similar yet competitive rate but their commentary and the experts behind sometimes worth few bucks more. Just my 2 cents. cheers

I m also looking for a bank back future house (apart from Philip Futures) that can charge fkli & fcpo round turn RM20, any recommendations ?

TQ TQ

guys,

what are the differences between these:

Initial Margin
Maintenance Margin
Spread Margin
Spot Month Margin

initial margin = minimum margin required to trade 1 contract
maintenance margin = minimum price required to maintain the position before get margin call
spread margin = minimum amount of margin for doing spread trade
spot month margin = minimum margin required when you trade spot month of contract (not all contract apply this)

Cheers.

Thanks for clarification mate. .

Any active FCPO/FKLI trader here?
I'm a newbie here. just started to learn trading futures. Now only trade FCPO. I'm more to intraday trading with 10-15pts profit target per lot.

10-15points profit per day consistently is a lot
hows ur trading so far

thanks for sharing.
Is there a website that shows a list of foreign futures together with the tick size. I'm a sexy girl. pls help me

Any recommendation for FCPO Coaching?

post your questions here we will try our best to answer

any FCPO free realtime (with volume data) charting provided by broker or 3rd party out there?

OSK.

But does futures in Malaysia have enough liquidity?

how big can u trade?

I do have a futures account with OSK but I have not started trading. I looked at the FCPO spot month quotes n noticed that at times buyers are as few as one. The price difference is wide between the buyer and seller.

Of course, I have heard stories about investors making few hundred every day. The liquidity and volatility can be seen at live crude oil trades from CME. As for our local FCPO, such liquidty and volatility is not seen. I suppose you have been trading FCPO. Can you pls enlighten me further?

My Friend, FCPO we look at the 3rd month, which have the highest volume contract.
Normally speculator will not trade on the spot month, as it require delivery or receiving of the physical Crude Oil. That is why most of the FCPO traders they trade 3months ahead.

Of cos CME got more liquidity and volatility compare to Msia market. We msia market is just a peanuts compare to CME.
As for being able to make / lose a few hundred every day, my answer to you is YES. Yesterday FCPO APR15 Low at 2156, High at 2200. Is 44pts of volatility. equavalent to RM25 X 44pts = RM1100 (if you are able to enter at the high/low and exit at the low/high). But in between, if you are able to do intraday, u can aim for 10-15pts ( RM250 - RM275). If you got the right skill, you can get it daily.

Happy Trading.

Thanks for giving these info. I can see that you are an experienced player in CPO futures. Do post frequently to enable newbies in futures to gain some insight.

Hi Oracles, sure. I will try my best to help. Is there any other queries?

hello, creative
where can I see the real time CPO futures chart fom CME? I have googled n I can only find realtime charts of crude oil. I certainly do not want to have a shock the next morning if some significant moves occurred in CME while I am sleeping.

Hi Guys,
any of you still trading FCPO?
this thread is not active
maybe not so many people know how to trade FCPO

just wanted to share my loss

my lucky day

Wah... Looks like yu hv mastered in trading.

Incidentally how ling hv yu been trading

not really master and still learning
i'm still new in cpo...around 2 years

i have been trading forex since 2005, but have stopped recently
now focus on cpo

got lucky again

Nice , which contract are you trading right now ?

I traded the Dec 2016 contract and today was indeed a good day.

This post has been edited by zacknistelrooy: Sep 19 2016, 11:47 PM

same with me bro...active contract is december 2016
today is a bull run day

congrats to u too

glad to have fren who trade fcpo oso

Yes, just started a month ago.

Do you think it can go above the 2660 area, seems to be resistance for now.

I trade intraday bro
only place my position after confirming where is the market going

u got ur experience from forex/stocks?

loss for today

Yes traded stocks for the past few years.

Today's reversal not too great, at least sold at the open.

tough market today

market went wild today

Took profits today after yesterday's run.

Could test resistance around 2800.

hi, can any sifu advises got any platform charges around RM20 round trip (buy & sell) per contract of FKLI?

please help, thank you thank you!

It could depend on trading volume.

Did you try Oriental Pacific Futures ?



This post has been edited by zacknistelrooy: Sep 30 2016, 12:54 AM

not many people trade futures...this thread is dying
unlike forex...lots of traders

i wonder why

I started trading fcpo approximately 2 years ago
this is my 1st monthly statement
loss more than gain

Everyone starts somewhere, it is really good that you are still in futures trading. I know many that quit within a year.

discipline is the key
do u actively trade fcpo?

Usually once or twice a week.

overnight trader i guess
i dun have the courage to see gap price in the morning hehe

Yes sometimes if I have profit to protect from a gap down but most of the time buy and sell in a day.

today is a good day for me
hopefully urs too

eh how come the commissions so high 1?

because i traded more than 1lot

Look for gtkhoo from CIMB..lowest fees in the market RM14 in and out. I started with JFApex and fees is high at RM24 in and out. But I got free trading platform. Web base not very good but will do the job.

last time i trade with TA securities rm14 in and out
now i trade with OPF rm8 in and out
both using j trader as a platform

Another bad reversal today with resistance building around RM2615 and RM 2634.

which contract month did u trade today?
i guess i am lucky today

wanna share my statement which was my 2nd month of tading

profitable but after minus commission became loss

Yeah, switched to January so wasn't too bad.

That is pretty good trading for only your second month.

This post has been edited by zacknistelrooy: Oct 8 2016, 01:20 AM

forme it is too early to switch contract month as there is still low volume
normally i switch on the 16th, maybe it is ur trading strategy i guess

it is normal in trading for 1st few months of trading we got lucky and start dreaming to quit job and be rich hehe
then come the worse part

Yes it was kind of early but I manged to get filled on the price that I wanted so it wasn't too bad.

hopefully i can hit my daily target for today
if my daily target is hit, so does my monthly target

Good day today since the Ringgit declined.

hopefully a bear market this afternoon

Yeah market sentiment is bad and profit taking is going on. I got stopped out.

Are you still shorting ?

I also got stopped that day
but this week is a good week for me....now wanna enjoy my weekend

Great day today with the weaker Ringgit helping, lets see now if it can get above 2780.