hello all..

attended 1 seminar..selling softwares that provides indicator when to short or long at certain point in KLCI..
so.. it wasn't too expensive, around 5k.. wonder any1 of u tried it?
how realiable are those? haha... maybe they sell us software and cabut immediately.. hehe

Hmmm, FKLI market is a total volatile market, anybody is a full time trader here?

FKLI market requires alot of bling bling and amunition ...

unlike stock market ur ammo need only be a shot gun or rifle...

for FKLI u need to have a machine gun just in case ur ammo must be at least close to infinite.

How?

if the inital margin is Rm 5000 u must have at least Rm 10,000 to cover the IM, and the ability to lose Rm 5000 without being financially affected.

Thats the rule of thumb 2x the initial margin.

Daily margin call, another Rm 2500 to cover daily margin losses for top up purposes.

Per contract basis
Rm 5000 initial Margin paid per contract
Rm 10,000 reserve per contract (x2 of the initial margin)
Rm 2,500 daily top up margin call (50% of the margin sum)
Total Rm 17,500 per contract.

I guarantee u sleep peacefully at night without worries.

I never attended one and never used one. If they are so good, they would keep the secret weapon themselves instead of selling them.
Whatever indicators are based on price actions and trends.
I think to use the 5K as capital to try out the mkt oneself is a better deal, but at least one needs to know some basic Technical Analysis and trading knowledge lah.

now the margin is 4K

it will change depending on market situation

assuming Inital Margin is 4K (i havent updated myself lately so on assumption)

4K isn't ur capital, its equivalent to a deposit for the broker.
u will need another 4K - this will be ur capital because u ned to top up for margin losses everyday depending if ur winning or lossing of course.

yup, eg. one longs at 850, and decides o/nite, closing 825. so end of day unrealised loss = 25pt x 50 = rm1250.

If you one has only RM5000 in the acc, then RM5000 - Margin RM4000 - Unrealised Loss RM1250 = negative RM250.

So one will receive Margin Call RM250 to top up the acc.

Please correct me if my calculation not correct, as I have never had margin call experience, my deposit amount is 2x of margin normally.

TIll now who is earning?

lets discuss more on the outlook of the FKLI market... the market has been like sleeping for few days... and expects to "hibernate" for the coming few days unless something big haapens in the U.S again ><

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Added on December 17, 2008, 3:12 pmThe market seems to be quite weak given the reduction of interest as much as 75BPS...

Good things about this is that the policymaker is intact to save the economy....

Bad things about this is that the room for the policymaker to save the market will be lesser due to current U.S interest rate which is currently as low as 0~0.25%... in order for the policymaker to further boost consumption or liquidity into the market, the policymaker have to put interest rate into the negative territory...

any comments from anyone else?? pls advise

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Added on December 17, 2008, 3:44 pmU.S reduced the interest rate of as high as 75BPS to 0% of 0.25%....

Good thing about this is the policymakers is policymakers are willing to save the economy from being worsen...

Bad thing about this is there is very less room for the policymakers to further boost consumption or liquidity into the market...

pls advice if there exist any other comments...

This post has been edited by Sleepy^Speculator: Dec 17 2008, 03:44 PM

Guys, I'm thinking of exploring the KLCI Futures but I'm not too familiar with the buying and selling rules in Futures contracts.

I have a few questions, I'll list them down:

1. Is there like a minimum I have to buy or something? Like in stocks, we have to purchase 1000 units at a time, is there any such thing in Futures?

2. In Crude Palm Oil Futures (FCPO), the underlying instrument is the Crude Palm Oil itself. So if I don't sell by the settlement date, I get a few tons of Crude Palm Oil shipped to my house. In KLCI Futures (FKLI), the underlying instrument is the KLCI Index. So if I don't sell the contract by the settlement date, what happens?

From what I read, FKLI is a Cash-Settled Futures Contract, but what I can't find is what happens if I don't sell an FKLI contract by the settlement date.

Would appreciate it very much if someone could help me understand this.

Edit:
I got the answer for question 2. Still no idea on Question 1.



This post has been edited by DeniseLau: Feb 7 2009, 05:15 PM

why not try CFD to protect your money management

Hi Denise,

Erm, there is no minimum buying or selling. you can buy or sell depends how much you debit in your account. 1 contract per now is RM3500.

1. Min 1 contract.

Initial margin varied from time to time, last time as low at Rm1,800 per contract, and as high as Rm6k+ at one time during market turbulence time.

Online Trading Futures-DMA (Direct Market Access) is coming soon!
So we will be able to keyin to long/short the FKLI/FCPO ourself............
Let's us talk about this

get more info about this DMA
or get the DMA_Handbook


This post has been edited by asiatrader98: Feb 26 2009, 08:08 AM

DMA?? I am working in china GZ and currently only buy/sell share online in maybank2u... not in fkli ...now keep collecting bullet!!

This post has been edited by darenohh: Feb 26 2009, 10:27 PM

Interesting, but do we need to pay for the software to have the direct access or is it freely downloadable.

pm me ur name & h/p number or e-mail if u r keen about this dma-online trading fkli/fcpo
I will send u the contact of person in charge

i think it includes real time charting & order execution

RM200++ mthly fee will waive if u have certain volume, so very obvious, this product is aim for those active trader (about 40~50+/- per round turn)....& the rate is a bit lower than current mkt rate (about 25% discount...)
unless u r keen to keyin urself rather than by call to ur fbr, even u r not active trader, & if u have subscribed to real time charting service, still have some rebate with ur light volume


not yet confirm, all the info above I got from the person in charge only ....I am also waiting for it....

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Added on February 27, 2009, 7:32 amno need, with the password protected pendrive we can keyin the order, according to person in charge
only mthly subscprtion fee (can be waived if u achieved certain vol or rebate with ur vol) but include real time charting



This post has been edited by asiatrader98: Feb 27 2009, 07:33 AM

Does any of you guys have FKLI intraday chart? I looked around and can't seems to find any provider. The only one I found was Teleqoute, which is RM2500 per year, which I think is way too expensive. Can you guys tell me where else can I get FKLI intraday chart?

Thanks!!

maybe 1 or 2 mths later u can get the DMA then u will have the real time charting with the order excecution urself
currently, u may get the free real time charting from osk or rhb

3/4/09 Sell 909.5
Justification: Gap up on 2/4/09, confirmation to test next resistance at 926-936, econ data not convincing, sentimental play
Concern: Yen weaken against Dollar, RM strengthen against Yen indicates money inflow, Jap is buying high yield assets, or carry trade in play. According to news, Jap has been net buyer for past few days.
Action: Prepare to buy stop @ 912.5 and wait for better opportunity to sell again.