Margin for FGLD and other revisions

We wish to inform our readers that Bursa Malaysia Derivatives Clearing Berhad has decided the margin requirements for the FGLD and the revision of FCPO margin rates from Tuesday, 1 October 2013 as follows:-

FGLD - Maintenance Margin at RM1,000 and Initial Margin at RM1,200

FCPO - Maintenance Margin at RM4,500 and Initial Margin at RM5,400

FKLI margin remains unchanged.

Trading Tips for the Day 27 September 2013

FKLI will likely open a few points higher, for the first trade today, one csnllan attempt to Long 1-3 points below the opening price.  Try to get 5-7 points profit and put a stop 5 points away from the entry price.  Close your position by the end of the day.

Trading Tips for the Day - 26 September 2013

FKLI opened lower as Dow Jones closed lower last night.  For the first trade, one can attempt to Short October contract at 1778.  Try get 5-7 points profit, and put a stop loss 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 25 September 2013

FKLI is likely to open a few points lower, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit, and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Launch of Gold Futures Contract FGLD

We wish to inform our readers that Bursa Malaysia Derivatives Berhad will be launching FGLD on 7 October 2013.  The FGLD is a Ringgit based cash-settled futures contract with a contract size of 100 grams.  The Underlying Instrument is gold assayed to a minimum of 995 fineness.

Minimum price fluctuation is RM0.05 per gram (or RM5 per tick).  Trading hours are 0900-1230 and 1430-1900 every business day in KL.  Final settlement value will be calculated using the London Gold AM Fix (quoted in USD/troy oz) on the Final Trading Day of the month.

For those of you who would like to have more information regarding the above, please do not hesitate to contact me.

Trading Tips for the Day - 20 September 2013

FKLI will likely open flat, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 19 September 2013

FKLI will open a few points higher as Dow Jones made new highs last nights.  For the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry.  Close your position by the end of the day.

Trading Tips for the Day - 18 Septeber 2013

FKLI will likely open a few points higher as Dow Jones close up.  For the first trade today, one can attempt to Short 1-3 points above the opening price, try get 5-7 points profit, and put a stop loss 5 points away from your entry.  Close your position by the end of the day.

Trading Tips for the Day - 13 September 2013

FKLI will likely open a few points down as Dow Jones winning streak came to an end.  For the first trade, one can attempt to Long, try get 5-7 points profit and put a stop 5 points away.  Close your position by the end of the day.

Trading Tips for the Day - 12 September 2013

FKLI will likely open a few points higher with Dow Jones closing up.  For the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit, and put a stop 5 points away.  Close your position by the end of the day.

Trading Tips for the Day - 11 September 2013

FKLI will likely open a few points higher, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit, and place a stop 5 points away.  Close your position by the end of the day.

Trading Tips for the Day - 10 September 2013

Dow Jones close more than 100 points up with positive news from China.  For the first trade one can attempt to Long at around 1760, try get 5-7 points profit and put a stop 5 points away.  Close your position by the end of the day.

Trading Tips for the Day - 9 September 2013

FKLI will likely open flat, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Put a stop loss 5 points from your entry point and close your positioj by the end of the day.

Trading Tips for the Day - 6 September 2013

FKLI will likely open flat, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit, and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 5 September 2013

FKLI has opened higher following a very positive Dow Jones close.  For the first trade, one can attempt to Long at around 1708, try get 5-7 points profit and put a stop 5 points away.  Close your position by the end of the day.

Trading Tips for the Day - 4 September 2013

FKLI opened lower, for the first trade today one can attempt to Long at around 1697, try get 5-7 points profit and put a stop 5 points away.  Close your position by the end of the day.

Trading Tips for the Day - 3 September 2013

FKLI will likely open a few points down, for the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit, put a stop 5 points away from your entry point, and close your position by the end of the day.

Trading Tips for the Day - 2 September 2012

FKLI will likely open a few points down, for the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from the entry price.  Close your position by the end of the day.