Friday, October 18, 2013

Gold Futures 101

Simple Facts we should know about Futures Gold Trading :

Code Name: FGLD 

Trading Time : 
Morning Session 9:00 to 12:30
Afternoon Session 14:30 to 19:00

Deposit For Each Contract : RM 1,000 
( We should place more than RM 1,000 as we have to top up if our position go under. I would use RM 2,000 or RM 3,000 for each contract to buffer the volatility ) 

Contract Size For Each Contract : 100g 

Contract Value : RM 13,500 as at 18 Oct 2013 
( RM 135 x 100g = RM 13,500) 

Movement Per Tick : RM 0.05 
( RM135.00, RM135.05 , RM135.10 , RM 135.15 , RM135.20 and so on ) 

The Value Per Tick : RM 5 
( RM 0.05 x 100g = RM 5 ) 

Commission (Online) : RM 13 per trade ; buy or sell 
( Meaning that to complete a buy and sell trade, we will be charged RM 26 and so we need 6 ticks to break even for every trade ; 6 ticks x RM 5 = RM 30. For example, long at RM 135, we would need RM 135.30 to be break even and any price beyond RM 135.30 will then be our profit and vise-versa ) 

Active Month : 3rd Month 
( For our current Oct 2013, we are trading Dec 2013 Futures Gold Conract ) 

Contract Expiry : End of month 

Settle Price : Based on London Gold Fix the morning price ( AM Price ) 


1 comment:

  1. Hi,
    The volume is only 49 as at 12:30pm today 21 Oct 2013. This is not good. It looks like Futures Gold hard to go on.

    ReplyDelete