okay ppl I got 2,000 in my bank. If i wanna to play share, is tat possible ?

beside that, i not those aggressive player .. i am like buy and put there up to 1 or 2 years then only sell or 1 year later only sell it

still a student



need pro help .. thx

its a tough call bro, but of course you have to start somewhere.. so of course its possible, but in your case i wouldn't say play shares..looks to me more of a long term investment (since you're looking at 1-2 years).

if you ask me, i would suggest you to look at fundamental based stocks, of course that you'll have to spend some time researching and finding the right one that would suit you, and also something that you'll be comfortable in terms of your capital..

another thing, if you only have RM2000 in your bank account, you may not want to put all of it in the stock market, its better to keep a portfolio thats diversified.

im not a pro, so this is all the advice i can give you, bro..in anyway, its good to start of somewhere, we all did so hope your journey becomes a profitable one for you in the long run.

what is ur expected return from ur principle? 2k is very min to invest in share..brokarage min RM40. u see..
save more capital 1st..meanwhile learn/read 1.www.klse.com.my - rules & regulation.2. few Propectus.3.simple financial statement. u can do it...

Rm 2K is not enough, try and save more till u have about Rm 5K..

Rm 2K probably entitle you to acquire some penny stock or small cap stocks.... most likely you can only afford up to 1 lot.

Unless your planning to play T+3 to finance ur investment (very risky).

the mid range and blue chips u can forget about it.

1. u have to take into account losses
2. the price of share that u have acquire
Rm 1? or Rm 2?
3. can u tolerate losing up to 100% of your investment. If not than at least how many %?
4. Whats ur strategy, define it and stick to it.

oh okay.... i look at this secure or strong reputation like education share (inti) or PBBANK-CD.... or AirAsia ...

last time i played the bursa pursuit .....it helps ?

bursa pursuit is merely a fictitious game with fictitious funds... in the real word its a totally different ball game.

PPBbank - CD ? Isn't it a call warrant ??
If so i suggest u search for topics on warrant, the method is slightly different when investing in call warrants... risk is slightly higher than shares.

As for inti and airasia ... no comment

since you said you wanted to buy and put there up to 1 or 2 years
call warrants like PBBANK-CD is not your choice as CW has a short life time (6 months or so only)

you may consider getting 100 shares PBBANK

so any suggestion ....where i should start ?


which companies ....i should register or watever..

quote
"still a student"

if ur still a student my personal opinion is stick to your studies no offence...

share trading can be time consuming and tedious, if ur new try and read and gain more knowledge first dont jump immediately into trading. No point suggesting any counters, because if anyone says that that XYZ company counter is very good andyou will make tonnes of money from it I will say he/she is a lier.

Buying stock is a very subjective matter, it all depends on u reading the materials in the market and doing homework first before u rush in to the market and get slaughtered.

On the other hand, hope is not that bleak for u I suggest u start a unit trust account it works great in a bull market and steadier returns.

aiya....still want to go..
ok..
my opinion..for reference only..ok.
inti - could be stable but 1-2 yrs, dun know how much will growth..
air asia - high risk, hopefully it's ceo bagging his oil price/barrel shoot up...not sure how abt TUNE in the future..
pbbank - only buy below 10.80; for safer, take a 25% discount = 8.50 if u can wait...

in malaysia
nothing is possible

icic..thx for the advise ...

one more thing... i not playing share ,,,am i allow to monitor the flow or the change of the stock price (like bursa pursuit )

if yes...share the link here ..thx again

Oh student ah? Ok lah sell you cheap AIRASIA 100 shares @ $1.55 (student price) end of the year can break even

Better buy UT la...
Student ma... if you lost money, u wont be able to concentrate on your studies...

Ya la, get unit trust better, u dont really have to focus too much on it and u can get fairly decent long term returns. If ur really hard up on the KLSE, why not try an index tracker like the OSK KLCI tracker fund? The buying in price is fairly cheap, bout 1%, redemption 1%. And if u buy from HSBC they'll redeem half of the charges back to you.

But anyways, i think it entirely depends on ur risk appetite: can u accept that ur money may depreciate? Or do u want sumthing thats like capital guaranteed?If the latter then go Amanah Saham or sumthing la. Worse come to worse main kutu hahahaha

okay thx for the information....

just ask like wanna to buy a share ..we need an agent or remisier usually the service charge / commission how much ar ?

This post has been edited by violin_player84: Jan 12 2008, 06:33 PM

for stock market brokers are normally known as remisiers, u just have to walk into any Securities firm and they will recommend u any remisiers that are available. You will have to fill in some forms, dont forget to bring RM 10 to open a CDS account.

Commission is Rm 40 per way, round turn is RM 80. If u dont trade much the commission is non-negotiable

or refer to this thread, all you need to know about brokerage fees...

http://forum.lowyat.net/topic/602217

KLSE Stock Review

I'd say with RM2000 you're better off putting your money in some unit trust. Learn how to invest and then you can dive into the stock market. I doubt as a new investor you will be able to beat unit trust performance. Plus your funds are so limited and you are a student. However, I must add that your time horizon for investing is rather short and you can even lose money with unit trust if you only keep for a year or two. We dont know what the market will be like. A time line of 3-5years will be safer.

Here is an article about investing with very little money like your RM2000 - http://klsestockreview.blogspot.com/2007/0...rk-for-you.html

For some useful info on stocks listed on Bursa Malaysia you can visit http://klsestockreview.blogspot.com

klsestockreview ...got ur idea..so if i not going to use the moeny for like 2-3 years...put in KLSE is okay...

are u a player as well ?

Brokarage RM40.00 min. started from this yr...Online trading is RM28.00;Most of the trading co have the same brokarage.. think carefully b4 u invest...ur money could be stuck there without any return...good luck...

maybe you would like to try www.hlebroking start at 0.1% interest for small buyer. of course as most already empahsis that 40rm is way toomuch for small buyer

Yeah, the longer your investment horizon the less risk you're taking. Because you dont have to suddenly take your money out of the particular counter when market is unfavorable. Try picking some solid stocks. If you're not going to watch the market constantly dont bother with speculation stocks. Also some stocks like shipping and oil&gas might be great to earn money on but they are cyclical in nature. That means demand and supply for the products/service fluctuate and thus the share prices also fluctuate. So important to put your surplus money. I'm not a fan of construction and infrastructure stocks because it is very difficult to find undervalued counters in this sector. Because of their high visibility and media coverage their stock price is usually fully valued. However I do have some money in Muhibbah Engineering Bhd. All you need to do is come in and out of the market abt 3 times in a year and you have the potential to make more than active traders. Wait patiently for market to slide then attack.

My pick for you would be the likes of PBBANK, BJTOTO, KNM, VADS, IOICORP, ICAP, LIONDIV, RCECAP, MUHIBAH, PIE, AEON, RESORTS, GENTING. I also have a few unit trust funds with Public Mutual and some of them outpeform my stocks. I have Public Far East Select Fund, Public Ittikal Fund and Public China Ittikal Fund. Public Mutual has many brilliant funds.

You can visit my blog for more ideas on various stocks. http://klsestockreview.blogspot.com/

thx KLSE review... once again..like remisier ..or the HLebroking...

mean when i wanna to take part (invest) in stock market...

1st i need a remisier / broker and it's RM 40 minimum...( how about the 0.1% interest ..dun understand)

2nd pick the correct stock...

3rd wait wait wait ...may up to 2 years + ...

4th SELL

is tat something like this ? ..if no pls tell me the correct ...thx for all the pro!!!

klse review .. i visited ur blog and going to link it ..ur blog is awesome

HLE broking question of 0.1%
the HLEbroking facility is different in a sense that if you have any un-used balance say in your trading account every month your entitle to 0.1% interest just like ur savings account.

Brokerage fees
Rm 40 min is just to "buy"
another Rm 40 you will have to pay when u "sell"

Buying = one way = Rm 40
Buying & Selling = Round turn = Rm 80

Ok here is the math....

Total share price purchase/sold - brokerage fee - stamp duty - clearing fee = total amount

1,000 - Rm 40 - Rm 26 - 7.52 = Rm 926.48

*i could be wrong

Conclusion u must make at least 0.1 cents to at least break even, i think it use to be 0.05.

Gd luck hunting!

I've written a special article/post to answer all your questions on brokerage fees and any other trading cost. Its too long to write here. Do feel free to write me if you dont understand. The market is full of sharks, dont get into it unless you're fully informed and prepared.
Here is the link : Calculating Stock Trading Cost: Update 2008!

http://klsestockreview.blogspot.com/

mean my revenue must at least RM 120 ... in order to break-even...

RM 80+26+7.62 = 113.62 (make it RM 120)

the "un-used balance say in your trading account every month your entitle to 0.1% interest just like ur savings account."

still dun get it .. sry

KLSE Stock Review
Correct, the unused balance stays in your trading account and earns you an interest rate. Hong Leong i juz saw has advertised that the rate is 0.1%. But that should not really be your concern since you're only talking abt RM2000. The profit to break even on each stock and each trade differs.

Try this link for Hwang DBS break even calculator. Maybe it will help you. Bet way to understand is walk into a broking firm and ask them. Juz keep asking questions and you shall understand. I like people who are not afraid to ask. I remember when I used to be asking questions. It so hard to get answers isnt it? Coz everyone seems to have different answers...haha. But dont give up. Keep at it.

http://einvest.hdbsib.com/calc/frm_Calcstk.asp

This post has been edited by klsestockreview: Jan 13 2008, 09:37 PM

so ...broking firmz i noe HL now , RHB ...and then...still got ?

1.CIMB INVESTMENT BANK BERHAD
2 HWANGDBS INVESTMENT BANK BERHAD
3 AMINVESTMENT BANK BERHAD
4 KENANGA INVESTMENT BANK BERHAD
5 OSK INVESTMENT BANK BERHAD
6 CREDIT SUISSE SECURITIES (MALAYSIA) SDN BHD
7 RHB INVESTMENT BANK BERHAD
8 ASEAMBANKERS MALAYSIA BERHAD
9 JPMORGAN SECURITIES (MALAYSIA)SDN BHD
10 CLSA SECURITIES MALAYSIA SDN BHD
11 UBS SECURITIES MALAYSIA SDN BHD
12 ECM LIBRA AVENUE SECURITIES SDN. BHD.
13 TA SECURITIES HOLDINGS BERHAD
14 MACQUARIE (MALAYSIA) SDN BHD
15 PUBLIC INVESTMENT BANK BERHAD

These are the top 15 brokers based on trading volume. Of coz they switch ranking around sometimes but its pretty much the same most of the time. These 15 brokers usually handle almost 80% of trades in Malaysia. There are few other small brokerage firms. I personally have an account with PM Securities in Klang.


http://klsestockreview.blogspot.com

i read about ur blog the internet trading only RM 28 ...which one offer that ?

Many of them offer for RM28. I use HwangDBS E'Invest.

Violin, as a student myself and possibly younger than you by a year, I can share my experiences with you.
I started trading in KLSE 8 years ago, when many people were still brushing up for PMR. It was a great experience back then watching the stocks and reading updates in the business world.
I didn't have any basic knowledge of the stock market then, I just traded by following speculations (or pure luck).
It was good as I managed to accumulate a profit of 30% by the first year, and my parents were proud.

That was just before the 2001 9/11 attacks, when I suddenly lost all my hard earned cash + profits prior to that because of lack of knowledge.
I never looked back then, but continued to earn money to start my investment again. My money was stuck there for a good few years, without earning me anything, because the stocks that I invested in were not so performing. So I just managed to breakeven.
Not long ago, I beefed up my stock trading knowledge by reading a lot when I had a break during lessons.

Now lucky to say, I have the chance of having a bit of knowledge in stock analysis, reading annual reports and invest in the right stocks.
I have accumulated enough capital to divide my investment between stocks and unit trust. In good times, I am earning an average of 10% in less than 2 months from stock market, and another 10% in around 1 month from unit trust.

I must say, for your RM2000, it is very difficult to spot undervalued stocks which you can cash into, without doing the due diligence and time for research. I sacrifice my study time to do my research and self-study on the stock market. Are you able to do that?

Regards

I was reading The Edge and saw and advert for HLeBroking (Hong Leong). They offer a minimum brokerage rate of RM12. Thats pretty good. Maybe its worth checking out. Do check out all their terms and conditions before jumping and signing up with them. Also ask for how long they will keep it at RM12. Hong Leong is desperate to gain some market share with their brokerage firm so they are doing all sorts of things to capture more clients.

www.hlebroking.com
http://klsestockreview.blogspot.com/

bro..why dont you try unit trust..evry bank in malaysia hav this product..
it consists of top 40 companies' units shares..min investment u can get for 1000..
cheap isnt?fit ur student "income"..hihi

and if you really interested to become a hardcore in stock exchange one day..
register for this game..

http://www.pathfinder.com.my

brief:
-u given 1mil for capital
-invest wisely

gudlak!!

I went to the site but found out its only for students of local universities. But of course you can play under a fake name but its not so much fun when you know you can't win no prizes. But still I feel its a good innitiative to get students to learn and get interested in the stock market.

tat one local public uni =.= student

hi guyz, am new here
wanna ask ya, i got CDS account but dont have trading acc.. so, still can buy stock?

hmm.. interesting.. me myself also interested investing in stock market.

let say if i have 10K cash.. what should i do?

Strange ??? why no trading account, when you sign up an CDS account with a broker it should come with it. If no trading account of course cannot trade, i presume....

Give a call to your remiser, he/she will cleared your doubts.

Not possible, you need a trading account for the transaction.

Possible as one can always only open only CDS to keep their shares if they don't intend to trade eg. you don't have any CDS when applied IPO for shares, you open an CDS for this purpose but don't need trading account to apply for IPO.
There is no rules that one must open a trading account when open a CDS account, although it doesn't make sense not to have one (trading account) but one can always only open CDS to keep their shares only, and want to trade open the trading account later.

He/she got no trading account, then means he/she doesn't have a remiser serving for him/her.

This post has been edited by cherroy: Jan 15 2008, 03:06 PM

i'd the similar case...i think this is quite no. of yrs back..ya, a got cds acc just solely for my esos..i never buy any share from market, that is only to trade selling after share being exercise...i do not have trading acc.. until i checked with my remiser (Guy who open cds for me....) , he gave me trading acc no. and ask me to bank in some money b4 i can buy any share from market.

Well put Cherroy! Very clear explaination about CDS and Trading accounts. Actually their names also explain their function. Central Depository System is where your shares are credited/deposited once you make a purchase of an IPO or on the open market. A trading account is simply an account you use to make trades.

am not sure.. before this i use my CDS account to buy IPO and sell IPO...

i open CDS when i was 18 years old.. about 4 years ago, that time dont have job, still a student, so, only can open CDS

In that case, you should now able to contact the broker to open an online trading account or with remisier assisted. Preferably online, coz, it cheaper trading online...

hi there im just noob at this all but really need to know how to invest the safest way lets say i have money but as a noob i still dont know anything, so is it safe for me to "tumpang" someone else let say any one of lyn member who invest. is there anyone here to do so such service as i mention

This post has been edited by Clan204: Jan 16 2008, 01:25 PM

dont depend on ppl, it is your own money
enjoy the learning process as you go along

Yup, it is your hard-earned money, so decide on your own.

If 'follow' people, then people go to 'Holland', you also go to 'Holland'. The worst part other people may know why they go to 'Holland' but you follow people to 'Holland' also don't know.

i think my situation is juz opposite..
i got a HLEbroking account.. this should be a trading account rite.. but i never open any CDS account b4.. so where to do tat?

i never do any trading before..
so can i juz start buy online through the hlebroking website without open a CDS account??

This post has been edited by aretla: Jan 16 2008, 09:52 PM

oic, in that case, you should be able to trade right away, because when u open HLeBroking you are under their nominee account. Meaning you will have a CDS account under their company nominee account. Just logon to www.hlebroking.com.my to get access to their online trading and immediately u can buy and sell when u bank in money to your HLeBroking trading account (trust account). Any queries just give them a call.

This post has been edited by smartly: Jan 16 2008, 10:17 PM

thanks for info~
but i need to bank in money before i make a "buy" online?
i thought there is 3 days buffer time to bank in money after i buy the shares?

If is new account, your trading account is 0 balance, you do not have any margin to trade, thus, need to bank in money first. They will give you trade upto 3 times of your account balance. Once you hold stock in your trading/trust accout there is a cap value for each stock, those cap value eventually become your trading margin/ collectoral, you can then buy with T+3 after that.

This post has been edited by smartly: Jan 16 2008, 10:24 PM

Hi guys. this might be a little out of topic, but i hope someone can help

-the senario-
let's say i buy a share at RM1.00... then after it has reached RM1.10 i decided to sell... using online trading service, key in sell at RM1.10. then transaction confirmed...then queued up....then Q up 10 mins already still got sold yet, price dropped to RM1.05. not sure if my order will be sold at RM1.05? or will keep waiting until price go up to RM1.10 again.
-the senario-

i read from some post in another thread that m'sian online trading services (HLe, that guy using) don't allow you to cut loss, because once you set selling price, the shares will be sold off instantly. Can i use this method? by selling at RM1.00, then any price at or more than RM1.00 will be sold?
if not, will have to chase after selling price and lose the best selling price.

hope someone familiar with HLe can help.

If you queue at 1.10 but not matched then the Q will leave it at 1.10 unless you cancel it or expired (market close all Q automatically being cancelled). It won't be sold at 1.05, as your order is at 1.10.

If you key in selling/buying price then being matched then it is considered the transaction being completed, otherwise (not yet matched) you can cancel your order at any time as you wish and re-key in the new order.

I reckon you are not familiar how trading being done.\

There is no automatical selling/buying mechanism, you need to key in you exact order and price you want to trade.


This post has been edited by cherroy: Mar 16 2008, 10:27 PM

guys.. i have a question here. may i know what software are you using to monitor KLSE and FKLI(futures).

i've searched every inch of google and only manage to find jstock which shows me KLSE. cant mange to get my hands on FKLI.

Some help please? ^^

i know it won't be sold.... but i wanted to test if i queue up at RM1.00 instead of 1.10.... Q Q Q if price drop to 1.05, will it sell. because 1.05 is still more than 1.00. I queue at RM1.00 instead of RM1.10. because if this can work, i straight key in RM0.80 then confirm sell. given that i monitor the price....really drop until RM0.80 die already. ^^
because cancel order, then queue at RM1.05 again...key in key in halfway drop to RM1.00 already...zzzz.....
if need exact amount then too bad.... online trading so slow....cannot set different conditions too. no wonder cheap cheap. ^^

Dude,

If the market price is 1.05, if you key in 1.00, it straight away will be matched!

Too much money to burn? people bid for 1.05 then you give them at 1.00?

No offence.

---

Added on March 18, 2008, 10:38 pmhttp://www.bursamalaysia.com/website/bm/ma...derivatives.jsp

This post has been edited by cherroy: Mar 18 2008, 10:38 PM

I think his problem is he wants to throw his shares fast but because of the lag in the system, everytime he wants to sell at the current offered price, the prices drop just before his orders are executed. Meaning he sees the Buy orders at RM1.05 and he wants to sell all his shares, but due to lag of his online platform, before he complete his orders the prices already drop to RM1.00 and because of that, the system queue his orders at RM1.05 instead of the current buying price of RM1.00.

So in other words, he needs to cancel his queue at RM1.05 and then try to sell his shares at the current RM1.00 but again he feels frustrated because before he can put in his order for RM1.00, it drops to RM0.95 and so on and so forth.

So what he is asking is if he wants to throw his shares, he will anticipate the the lag of his online trading platform and put his sell order below the buying order so even if it lags, it will be sold to the highest bidder at that moment. So even if he keys in RM0.80 but the buy order is still RM1.00, his shares will still be sold at RM1.00 instead of his order of RM0.80.

Ok I see.

But with this kind of strategy, you might risk if no or not enough queue in the buyers, you order might be done at 0.80. It can happen only those low liquidity stock.
There is another kind of order called, 'also sell/buy', I don't think online system got it currently. In manual order of remisers key in one, you can do it, aka take the best bid or ask and done straight away.

Only occassionally when market is so volatile until above mentioned scenario will happen. Price generally won't move so fast one in normal trading day.
In those kind of volatile session, the best solution is take up the phone and tell your remisers to 'key in' the 'also sell/buy' order.

gee thanks. i was hoping for something real-time like the one at mdex..n2connect.com/mdex.html . the problem with that site is that it's been days since i've been able to load the java applet... and it's still not showing anything. =.=" any help here? thanks again ^^

got any free one? i want
or the second best any recommendation

I'm interest in share market. but i don know where to get source and do reseach to invest. I prefer short term invest(by day or by week).. and how do i can track my stock via internet while working ....

Step 1 : Read about the stock market from available material on the web or the local library.

Step 2 : Then register a virtual stock market game in CIMB iTrade. Test your knowledge and practice your plans.

Step 3 : Once you are confident with your decisions, register a CDS account with your prefered broking house and put in some money to begin trading.

Step 4 : ???

Step 5 : Profit!! or loss depending on your decisions.

Ok step 4 was a joke, but I like to emphasize as a newbie in the stock market, never never never and again never go straight for the online stock trading, instead use a remisier/broker/dealer from your broking house so you can ask question and have a better service. Too many people in the forum seem to think the cheapest in terms of costs to trade but some have to pay the 'fees' for their mistakes because they had no guidance on the subject.

So I would strongly recommend you use the services of a remisier/broker and get comfortable how the system really works before you head for the online system which has a cheaper fees. Any uncertainty you can always call them and ask them and they will answer you the best they can. At least you know you are asking a paid professional on the subject matter rather than asking the same question in the forums populated with people like me who is self taught(with many mistakes). No offence to other 'expert' forrumers here.

And regardless of using a remisier or an internet trading system, both will have the ability for you to access the trading portal so you can view up to date prices, news and analysts reports. Which means you can do it at work.

This post has been edited by skiddtrader: Mar 19 2008, 10:18 PM

Yeah... that's what i meant. My online trading is too slow. i always miss the best price...
if current price is let's say 1.00, i key in 0.80..... then dropped to 0.95.... it will be sold at 0.95 right? not 0.80 i hope? can i tell what online trading service i'm using here? so you guys who used it before knows exactly how it operates.

It will be done at 0.95, but it depends on the buyer queue quatity also. If you order is more than the buyer cummulative, it will be done at 0.80.

But what if suddenly the 0.95 buyer queue being withdraw then left with 0.85, then your order will be done at 0.85.

You can tell us which online trading service you are using, no problem with that.

i'm using HLebroking. ^^
i've tried on friday. Price at 3.32... i Q at 3.30... sold at 3.32. so it will be sold at current price. cannot set too low, if price suddenly drop rugi a lot.
thanks for all the help guys...

what about buying Q? let's say current price 1.50... Q at 1.35... suddenly drop to 1.25. will it BUY at 1.25? hihi. using online trading need to maximize online services capabilities.

It depends on the Q cummulative also (aka quantity). If buy Q at 3.32/10 lots but you key in 3.30 of 100 lots then your 100 lots will be done at 3.30.

Your buying price of 1.35 will be done. The price can drop to 1.25 without done at 1.35 of your Q.

skiddtrader tks for your advise.
I had a question, have u guys hearded of this TA securities holdings? I just registered but yet to get a CDS account...
I think by tuesday can get it. the rimisier hav told me wat is CDS, but i wan to reconfirm wat it mean..

This post has been edited by TMY kia..: Mar 24 2008, 11:56 AM

Normally have to wait 1 week to 10 days to get the letter for the CDS account.

actually how does it determine the q sequence?
first come first serve?



This post has been edited by attention: Mar 24 2008, 07:00 PM

I'm only take 4 days procced the CDS acc.

I got few question...
I wan ask, stock IRIS is it for "goreng"... ???
How to invest which stock going to bluechip???
how many % bluechip stock price can drop??
is it safe for long term invest in bluechip stock??

1)IRIS is goreng counter where usually it will move during pre-GE rally. Not a good fundamental company.
2)Can you elaborate more? i couldn't understand ur sentence. Anyway, will try my best to answer it. Bluechip stock is like normal counter as any counter else in KLSE where u can buy and sell it. The only matters is how to identify it. So far, bluechip counter are like PBBANK, Maybulk, DIGI, IOICorp and etc..Bluechip company usually give big dividend and in the same are soundly fundamental stock.
3)Depend on market sentiment, there is no exact figures. But can assure that even market sentiment is very bad, these company able to withstand it and will rebound faster than other capalang/lalang stocks. From my experience, these kind of company won't drop more than 2% in single day (note: depend on market sentiment)
4)Yup. much safer than play with call warrant, lalang stocks.

Tks dreams_achiever and sorry for my sentence.

If i invest 1000 units in 0.50/unit stock, how much the comision will be??

Minimum RM40 or 0.06%.

Total cost will be:
RM500(1000x0.50) +
min brokerage fee of RM28(for online transaction, 0.42%) or RM40(normal broker fees, 0.6%) +
stamp fees, RM1 (RM1 for every RM1K) +
clearing fees (0.03% for every RM1K, iiam)
=> RM530-535

For HLB investment house, it only charge RM12 min brokerage fees.

How do I open a Trading account as a student without income? I called up Kenanga and Hong Leong and was told it was impossible.

it is possible. I also a student without income and I manage to open a account with invest .. .. it is a must that u have to be above 18 years old. ..

I am 18, how and where did you do it?

If u r 18, i think it is unnecessary for u to tell them u r student or hv no stable income.
From banker, off course they dun think you are suitable to invest now.
However, just go apply account online, once you have RM1k in trading account, u r entitle to start share trading.
No such term and condition that stated student cant involve in share trading, most important u hv $$

good to see so many ppl starting early.
maybe one of you will be the next Warren Buffet.

My advice for u young ppl.
Before u part with your money.
Read this books first. Since u r still studying u shud absorb better.

The Intelligent Investor - Benjamin Graham
Common Stocks Uncommon Profits - Phillip Fisher

This two are the bible of investing.

For further reading if u r interested

Security Analysis - Benjamin Graham

Now is the age of the internet , u shud be able to find more info.

What happens when say, we have 1K in our trading account, and some portion is used to buy shares? Hence the cash will fall below 1K right?

So do we need to top up till 1K? Or the shares value will be taken into consideration also?

Thanks..

you meant margin financing or what? you do not need to topup if you have enough money to cover ur purchase

Hmm say I put 1K in my trading account, and Rm500 is used to buy shares, so now I got RM500 cash and RM500 worth of shares, if we ignore the fees etc.. So means considered I got 1K in my account? Or need to top up RM500 cash?

And one more thing, same example as above, but taken into consideration the FEES charged, cash will surely be less that RM500, so need to top up?

Am really new here, hope all SIFUS can guide me..

Thank you..

Why do you need to topup? You don't owe them anything

Haha well isn't the minimum balance to have in a trading account is RM1K??

Confused..

it depends on investment house .... some dont require any upfront cash.

Any good online investment broker to recommend besides Hong Leong?

Thank you..

those banking one, ie. maybank usually requires upfront cash...


user of apex

do osk188 required any deposit before can start trading online for new account?

not sure on that , any osk user wanna elaborate on it?

osk i not sure cos i got shares inside anyway osk is quite good same as to hwang dbs

For OSK, initially needs some deposit and the broker might ask you to put in the same amount in the trading account before you buy. But after a couple of transaction, they won't mind your account not having the amount required as long as you can settle on T + 3.

True also cos i usually do contra

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