I am trading US stock options. This is my 3 month going live . I usually don't trade individual stocks but I do have a soft spot for HPQ and QQQQ.

US (Dow Jones and S&P 500) did influence the world market since it is the biggest and powerhouse of the world economy. However, since 97 due to the currency control there is only a few foreign funds in Malaysia so the impact is not so great compared to the early 90's.
Local big guns always don't like to see the market down, they are more like keep on support until they can since if the market goes down, they are the biggest losers since they hold the most shares in KLSE.

Whtrader,
you stay overnight to trade? since US market opens only after 9.30pm and until 4am local time.

From what I read, T day is the day u deal the shares (whether buy or sell) and T + 3 day is the day u need to actually pay for it, some brokers might offer T + 10 days so u got more room to play with when it comes to Contra

btw, I never traded contra before, but interested in it, but my mindset also like jojoko, it seems like only tembak co's the term is short and can't really do any studies beside looking at the trend of up down for the company.

What I'll do to play contra would probably:
- choose companies with high volume (actively traded)
- probably set a small target (e.g. 1 week earn RM 200) and move on from there once experience picks up

Any advice from contro pros here?

Contra trading won't able to make a living for you. It is just extra income when market hot time. A lot of people got this mindset also, but practically, it is very difficult to do in real actual trading. Also generally in normal trading day when market more subdue, share price has little movement only which you might find that you are struggling to cover the commission rate rather than making profit. If really interest in contra trading then better go for the futures which is more volatile and better return if you get it right.

1 week earn RM200? no problem but can you consistently do it every week? Bare in mind although you might be able to make profit for let say 3-4 week time but when market go against you time, you might easily loss Rm2000 or even more per week.
It some sort like gambling rather than investing.

PS Contra trading is only suitable when market 'goreng' hot time other than that you are basically feeding your remiser and broking firm only while you gain peanut.

tembak tembak susah la tembak tak kena ditembak pula

contra trading cant make a living meh? got many ppl out there do this for a living 1 but they pro la

i had never heard of people making a living out of contra trading.

BUT i did heard of people make a living out of trading forex and futures.Since its very volatile and the rewards are high too.They just sit at home click the computer and PROFIT! Of course,its not as easy as you think it is.

Cherroy is right,sometimes your profit from your contra trading isnt enough to cover the commissions,therefore turning a profit trade into a loss.Judging by our local stock market's performance,i think you will run into these kind of situations very often.

but forex need alot of money to do trading rite? very volatile reward sure high 1 ma..... but losses also high

I try to but I have a fulltime job, so I usually stay till <12 but will stay longer if I am having an open position or there are any market moving meeting etc . I am more of a swing trader.

No you don't , the minimum some sites is offering - USD 100 with a leverage of 300. You are right on the second part, very volatile on USD/EUR pair which I do follow time to time.Losses are part of trading but forex do include commissions to. Sometimes the commi is more than trading stocks or options.

you work as a trader? forex need to register at where to do this trading?

yeah i think trading forex is the best way to earn fast money...the market always moving and u can earn by play it short or long...i play the simulator before and the spread usually only 3 pip and u can gain bout 100 USD in just few hour only if u know how to play within the price range for that day....you dont have to pay commision too in forex if im not mistaken...

i also want to know where in m'sia we can trade forex? since converting USD back to ringgit would be costly so better if there are any local trading place where i can trade here....

the only place where you could do "real" forex trading is via the internets.

There isnt a specific facility/place to trade forex,like stocks or futures.

then we don't need to register at anywhere? then how we get paid?

i just found out that malaysia goverment disallowed any forex company to setting office or branches(for foreign company) in malaysia and there will never be a legal forex brokerages existed in Malaysia...only foreign currency trading scams...bank negara also dont encourage we to do forex trading since many of them are scam...

just go to the forex brokerages websites fill in their forms.Then do a TT transfer from your local bank to the disignated foreign bank by the forex brokerage.The inverse if you wish to withdraw the money from them.

is this true?

oic... btw mobius you're a forex trader? can teach us abit?

no,some of my friends and relatives are.I'd like to trade forex too,if i had enough money.

then your not a trader?

i only trade futures and sometimes equities

Can sign up online. I've done it before. I'm actually with FXCM. But I'm looking for a another broker. Fren said FXCM is not so good. Don't actually know why. Find it ok. However, I'm trying a different broker. Xpresstrade.

you work as a trader for a company or you work for yourself?
those futures you trade are foreign or local?