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 )
