FKLI will open a few points down. For the first trade, one can attempt to Long 2-4 points below the opening price, try take 5-7 points profit and put a stop 5 points away. Close your position by the end of the day.
Sorry for posting irrelevant comments, I'm new getting to understand FKLI trading. I've saw people mentioning trades that buy/sell below/above the spot price, so I'm wondering is there any difference compare to trading according to spot price.
Well, FKLI is a bit complicated to grasp at the beginning, but for a start, you just have to know that you make money when u buy low sell higher, or sell high buy lower. After that you should also know that the price of FKLI will converge with our CI at the end of the month. Usually the FKLI price does not follow exactly the CI but it does follow the movements most of the time. i usually use a daily and 15 minute chart plus observation of current volume to enter and exit...but there are many methods around and you can observe the market to feel which one is most suitable for you
Sorry for posting irrelevant comments, I'm new getting to understand FKLI trading. I've saw people mentioning trades that buy/sell below/above the spot price, so I'm wondering is there any difference compare to trading according to spot price.
ReplyDeleteWell, FKLI is a bit complicated to grasp at the beginning, but for a start, you just have to know that you make money when u buy low sell higher, or sell high buy lower. After that you should also know that the price of FKLI will converge with our CI at the end of the month. Usually the FKLI price does not follow exactly the CI but it does follow the movements most of the time. i usually use a daily and 15 minute chart plus observation of current volume to enter and exit...but there are many methods around and you can observe the market to feel which one is most suitable for you
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