Its all about money management. If you allocate big money and play a small amount of lot(s) you can still sleep peacefully.

A losing position is a losing position. With a huge margin to back it up, you may sleep peacefully but not me.

Anyone knows whats the price for 1 futures contract now? RM3k or RM5k?

FKLI?
margin is 2.5k

RM2.5k for month spot or intra day a? initial margin less than 70% will kena margin call?

2.5k for every day you're in the position.
you can hold for however long u like, even spot+3 months, but the moment your margin dips below 2.5k will kena margin call. i'm not sure about the 70% thing, never heard of it before. my broker tells me i've got the next day to top up my margin..

correct me if i'm wrong.

anyone has constantly make money from futures here ?

u mean 2.5k to hold the contract until the end of the month/last trade date in that month. and we will have to toptup to maintain the margin at RM2.5k

What is the requirement to open future account?
I am just a student without pay slip? Can i open?

im just on a slight gain after paying hefty tuition fees, now taking break from the pants wetting

yeah, exactly. sorry if my explanation was badly worded.

imo, best to call up (brokers will chase u for business) and see what they can do about the collateral thing. for me I didn't have a salary slip, and just provided proof of my share trading account as financial backing/ collateral. i'm sure a healthy bank balance will do as well.

Hi all
I am a Futures Broker's Rep with CIMB.
If any of you interested in opening online futures account, do pm me. We provide attractive brokerage and online trading.

anyone have tactics or formula how to play futures?

Tactic and formula there are plenty but in the long run none of them works.

Different people different way to trade. It up to ur own personality. Some goes for longer term some goes for intraday. first thing u got to know is what suit u best. There are many answer to ur question.

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Added on January 24, 2011, 3:49 pmYes u can open account.

This post has been edited by mwchong: Jan 24 2011, 03:49 PM

other than the live quotes provided by the broker which we have an account.

where else can i look for live quotes for free?? any website??

I think there is an age requirement.

Hi All,

I have been in the FKLI market for a year. Usually, I will use the EOD data to decide the next step, however, from last few months result, EOD data is not sufficient, I have to go for intraday data. My biggest problem is no company is selling historical intrday data except Bursa and they price is extremely expensive.

Can any SIFU / MASTER shed some light on me ? Thank You !

Mike,

You can try opening an account with AMFutures; it's free and no monthly commitment.

future...

lol...

pay heavy tuition fees and having sleepless nite...

cause u be wondering wat happen in UK and US market...which will have an impact in tomorrow opening price.....

u really need constant monitoring as compare to buyin a stock...

staying at the sideline for sumtimes...

and waiting to re-enter the FKLI,....since now i can view real time thru my phone...easier...to monitor price fluctuation

Hi, does the intraday data recorded include years of data rather than just a few months ago?

This post has been edited by CardToPlay: May 9 2011, 03:20 PM