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 Online trading with i*Trade@CIMB, Trading using i*Trade@CIMB? join here.

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Remng
post Dec 31 2010, 07:50 PM

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QUOTE(Dorky @ Dec 31 2010, 07:30 PM)
Well then, I guess I am more comfortable being a positional trader than a day trader. They say 80% of day traders experience loss throughout their trading history. Day trading will rely heavily on technical analysis, and that has 50:50 probability (read luck).
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Depend on your trading style, day trading, swing trading or position trading has it's pros and cons. Regardless what trading style your adopt, important is you must practise:

1) good money or risk management
2) trading psychology
3) trading edge

yes. It is a cash account not margin account. Comm is 0.42% and 0.15% for day trade. For margin account it is BLR-2% ( one of the best rate in market ) if you can control the leverage well it will be good facilities to capitalise on a bullish market, however do bear in mind it will be a double-edged sword.

Txs
Remng
post Jan 3 2011, 08:41 AM

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QUOTE(gg8989 @ Jan 3 2011, 01:02 AM)
is there any service charges for using i-trade cimb?
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Opening account and trade online itrade CIMB is FREE icon_rolleyes.gif
Remng
post Jan 3 2011, 11:02 AM

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QUOTE(masterjedi @ Jan 3 2011, 09:07 AM)
yaka.. me still neeed to pay rm10 ringgit for cds..
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cds rm 10

This post has been edited by Remng: Mar 28 2011, 12:07 PM
Remng
post Jan 3 2011, 04:04 PM

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QUOTE(88sales88 @ Jan 3 2011, 02:27 PM)
Hi, looking for an alternative online trading platform that is lower in brokerage. Currently on OSk188 and brokerage is 0.49% although I get interest for money in trust and credit.

Noticed there is a new service called Clicks Traders which charges only RM8.88 per matched order. Anyone using this? Anyone can advise pros and cons ?

One more thing .. Does Clicks Traders allow Mobile Trading ? OSK188mobile charges RM20 per month and doesn't work on Android.

Cheers

fy
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Ciick trader is rm8.88 per trade, but u need to maintain rm10k in ac example: if you have 50k in ac, you can trade up to 40k. It is so cheap because it is basically a cash ac and can only trade online. Pro: cheap and one rate regardless contract amt ( 5k, 10k, 1000k etc) , cons: cash upfront and online only

normal itrade is rm12 and 0.42%, interest pay to u if u have balance in ac currently 2.25%.

Online trade on ipad and iPhone is FREE, online trade ac no maintainance fees

pm me if you would like to open ac.

Txs



pm
Remng
post Jan 3 2011, 10:45 PM

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Added on January 3, 2011, 10:49 pm
QUOTE(David83 @ Jan 3 2011, 08:51 PM)
Meaning you don't have to pay for the usage/service.
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Thankyou David83 for the clarification rclxms.gif tongue.gif


Added on January 3, 2011, 11:07 pm
QUOTE(free_enuf @ Jan 3 2011, 08:55 PM)
Well, you are paying the brokerage. Same charges goes with iPhone/iPad.
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notworthy.gif

rclxms.gif

This post has been edited by Remng: Mar 28 2011, 12:09 PM
Remng
post Jan 4 2011, 04:20 PM

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QUOTE(StupidGuyPlayComp @ Jan 4 2011, 01:12 PM)
smile.gif Not sure about this but i think it same rate with Normal board lot
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It Wil be rm12 being the min brokerage unless it is loan stock then it would as per .42% calculation
Remng
post Jan 6 2011, 06:08 PM

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QUOTE(Vinct @ Jan 6 2011, 03:18 PM)
Ryei, you may PM Remng if want to know more. He is at your area.
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Thanks vinct, very thoughtful of you, " Wa Ai chak Penang char ke diao Liao" ha ha


Added on January 6, 2011, 6:28 pm
QUOTE(88sales88 @ Jan 6 2011, 11:36 AM)
Thanks Remng. Cash account. If I have already purchased stocks, and I transfer to this Click Trader. Will it allow me to buy before putting money in and then settle T+3 using my current share holdings as collateral ?

I am quite interested as I am currently with OSK. Other than that the normal itrade rates is exactly the same as OSK.
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The shares transferred to click trader ac will not give value. You need cash in CT ac to trade. Cash upfront, shares cannot be collateral.

That's why ct ac is so cheap, rm 8.88, just plan out you fund to see which product is more suitable to your trading need.

Once that is done, concentrate of trading not the brokerage


Added on January 6, 2011, 6:31 pmOh if you keep rm10k in ac then transfer shares to CT ac to sell then you will save a lot of brokerage, imagine if selling in big quantity still rm 8.88, you know what I mean brows.gif


Added on January 6, 2011, 6:49 pm
QUOTE(engtat @ Jan 6 2011, 03:58 PM)
Look for [Click here if you unable to see the stock price...] on the top of the page and click on it.

If still cannot see, it is because your office firewall has blocked the port used by iTrade.
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Is it because of Java? Some of my clients have problem viewing, I just guide them to do the following and it works:

To make window works on JavaScript 

Go to c:\windows\system32\
type: 
regsvr32 jscript.dll

This post has been edited by Remng: Jan 6 2011, 08:24 PM
Remng
post Jan 7 2011, 10:11 AM

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QUOTE(noswear @ Jan 7 2011, 08:56 AM)
Bro remng.....

where should i type
"regsvr32 jscript.dll"
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bro

run>command prompt

a black screen will pop up, you will see this:

c:\windows\system32\

then you type that reg...thingy after the system\

hope it works for u, no rclxub.gif heheh

cheers


Added on January 7, 2011, 10:33 am
QUOTE(wacko_joy @ Jan 7 2011, 12:15 AM)
I'm a newbie here. Hi everyone wave.gif

Let's say i only have certain amount of money in the account. Can i purchase more than i have?

Can I deposit the cash using online banking from HLB? How long will it takes? Coz when i i/e-deposit the cash in, it only have 3 options (cimbclicks, maybank and another dunno wat). And I thought CIMB only takes within a day, but is the next day. But I read somewhere, it say it also support HLB.

Can someone enlighten me? Thanks.

So when I'm using online, the brokerage rate should 0.42% rite?
So when I using the calculator to know the profit/loss, i shuld change the fee to 0.42? cause the default amount is 0.7% instead.

Sorry for the noob questions..
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no question is noob

If you are newbie, do not over trade, anyway you get 3 times multiple for the cash amount you deposit ( eg cash 5k, allow to buy up to 15K) , do bear in mind you still need to pay the diff on T+3. Trade with better risk control, you don't need to get rich overnight.

you can deposit cash online with other banks, but there will be a charge of rm0.50 to rm 2 by your bank depends on the bank you use, If you use cimb bank internet banking for this it's FREE brows.gif

Other than the "cimb" and "maybank" you saw, there is another one called FPx - that's the dunno wat, click on that dunno wat then there is a list of banks to choose from ie HLb,Pbb, Rhb, B islam. For all online deposit (any banks) it will reflect in your ac the next working day, but if you are my client, you can email the transfer details to me, I will verify the genuine transfer and provide the trading limit to you on the same day

You r right on the last question, just change to 0.42%

Have a nice day

This post has been edited by Remng: Jan 7 2011, 10:37 AM
Remng
post Jan 7 2011, 10:34 PM

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QUOTE(kazaf86 @ Jan 7 2011, 06:04 PM)
remng
if i have an cds account with osk..
do i need to apply for another cds account if i wish to trade with itrade?
since my remiser not much bother me so thking to switch...
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You still need to open a CDS ac in Cimb when you open a trading ac here. Then you can trf your shares from Osk cds if you choose to

This post has been edited by Remng: Mar 28 2011, 12:10 PM
Remng
post Jan 8 2011, 11:59 AM

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QUOTE(gark @ Jan 8 2011, 09:47 AM)
I though transfer shares between CDS have to pay?  hmm.gif

On the side note, I have usually settle my contracts before T+3, I wonder if my trust account have enough cash, will the bank automatically deduct the money in the trust account and settle for me on T+3? A hassle to settle each contract every time.  wink.gif
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Yes rm10 per counter

For Cimb ONLINE TRADING ACCOUNT you don't need to do settlement, it will be auto, Provided you have enough fund in your Trust ac.

This post has been edited by Remng: Mar 28 2011, 12:13 PM
Remng
post Jan 8 2011, 02:59 PM

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QUOTE(gark @ Jan 8 2011, 12:45 PM)
Wah you so great meh? CDS free, transfer also free. How come I din't get all that when I open an account with CIMB?  doh.gif

So as long as my trust account got enough money, I don't need to settle the contract one by one? They won't auto-sell right?  sweat.gif
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Yes to all rclxms.gif
Remng
post Jan 8 2011, 07:34 PM

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QUOTE(tata88 @ Jan 8 2011, 05:44 PM)
Is the itrade settlement need to be done manually by ourselves after bought shares and do you mean that if using itrade and have sufficient money in the trust account, then we do not need to do settlement(because it will be done automatically)?
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You do edeposit to put fund in itrade, then the fund in there will set off purchase automatically on T+3, you earn 2.25% interest for the fund before the t+3 set off nod.gif


Added on January 8, 2011, 7:36 pm
QUOTE(waynekoowy @ Jan 8 2011, 07:26 PM)
What's the diff between itrade and clicktrade?
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1) rm8.88 per trade - click trader account

2) rm 12 or 0.42% whichever higher - itrade account

3) cross border ac - online trade US, HK and Singapore market with more markets next year

ok?

This post has been edited by Remng: Jan 8 2011, 07:36 PM
Remng
post Jan 9 2011, 01:31 PM

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QUOTE(JinXXX @ Jan 9 2011, 10:22 AM)
hey just curious...

can i que/put in order before market open ?? i'm using itrade...
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Yes even the night before also u can key in
Remng
post Jan 9 2011, 06:58 PM

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QUOTE(Darkmage12 @ Jan 9 2011, 02:12 PM)
You can even queue it till it gets matched.
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Yes this is a very good features, you can key to buy or sell until certain date, it's call GTD ( good till done ). Ex if you want to buy a shares at 1.00, now market is doing 1.05, you just key in buy say 5 lots at 1, in the box "day" click to GTD , select the date say 25/1/2011, the buy order will be in everyday until done or you cancel the order, similar to sell. Great huh rclxm9.gif


Added on January 9, 2011, 7:00 pm
QUOTE(David83 @ Jan 9 2011, 06:27 PM)
How to get matched if the market hasn't opened. You can place an order and then you may want to observe the pre-trading session to see if your input order is being queued; otherwise, you may want to cancel/revise the order.
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David you are a nice guy rclxms.gif

This post has been edited by Remng: Jan 9 2011, 07:00 PM
Remng
post Jan 11 2011, 09:53 AM

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[quote=noswear,Jan 11 2011, 08:55 AM]

Added on January 6, 2011, 6:49 pm
Is it because of Java? Some of my clients have problem viewing, I just guide them to do the following and it works:

To make window works on JavaScript 

Go to c:\windows\system32\
type: 
regsvr32 jscript.dll
*

[/quote]
i have tried your method....and it says sucessful when i type the reg thingy in.....

however, still failed to view my Future cry.gif

sth wrong with the pc in my working place....
lol
its fine when i use my pc at home....

looks like i wont be able to trade my future........
*

[/quote]
it happen to quite a few that use connection in company, bosses don't let u trade in office vmad.gif


Added on January 11, 2011, 10:26 amNever, under any circumstance add to a losing position.... ever!
Nothing more need be said; to do otherwise will eventually and
absolutely lead to ruin!

This post has been edited by Remng: Jan 11 2011, 10:26 AM
Remng
post Jan 11 2011, 03:23 PM

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QUOTE(zap188 @ Jan 11 2011, 02:37 PM)
Don't expect much from CS of Itrade. Money transferred from Cimb Clicks will need one day to reflected in account. CS won't help. Asked for re-allocation ration of local vs. overseas to be revised in the morning. CS promised will carried out in afternoon. Came close to market trading, still not revised despite making 3 appeals throughout the day. What do they expect? To beg them?

So, if you expect the extra from iTrade, better look for elsewhere.
*

Well I do understand your frustration . However the same day limit does not apply to CLICK TRADER ac as you have to transfer the fund in your banking a/c the day before.

As the system only capture the limit the next day



This post has been edited by Remng: Mar 28 2011, 12:12 PM
Remng
post Jan 11 2011, 06:13 PM

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QUOTE(zap188 @ Jan 11 2011, 05:04 PM)
Thank you for your offer to help.

I was assisting my wife with her account. I have mine with JF Apex and HLeBroking. I can see the difference between these firms.

Busy is not excuse to turn down valid requests for help. So are we expecting our requests to go astray if KLSE keep hitting 1 billion + everyday. Customer service being the backbench support is crucial to provide the necessary support. What's good of the sales people or the dealer if your back bone is failing?
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Do agree. smile.gif

This post has been edited by Remng: Mar 28 2011, 12:13 PM
Remng
post Jan 11 2011, 07:39 PM

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QUOTE(sotong168 @ Jan 11 2011, 07:24 PM)
dear Remng, what is the charges for selling odd lots?
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Same for online trade ie rm 12 or 0.42% whichever higher
Remng
post Jan 12 2011, 12:27 PM

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Trade like a mercenary guerrilla. We must fight on the winning side
and be willing to change sides readily when one side has gained the
upper hand.

Remng
post Jan 13 2011, 04:41 PM

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Capital comes in two varieties: Mental and that which is in your
pocket or account. Of the two types of capital, the mental is the more
important and expensive of the two. Holding to losing positions costs
measurable sums of actual capital, but it costs immeasurable sums of
mental capital.

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