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  #1  
Old 11-10-2013, 06:08 AM
Hans.Azhar Hans.Azhar is offline
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Thumbs up Trade Emas Secara Rasmi di Bursa Malaysia 1 point RM 5 je - 100g contract



What is FGLD?

FGLD is a small-sized Ringgit Malaysia (“RM”) denominated gold futures contract traded on Bursa Malaysia Derivatives, providing market participants exposure to international gold price movements at a lower entry cost.

The pricing of the FGLD contract in local currency removes the need for Malaysian participants to purchase foreign currency and therefore removing exposure arising from foreign currency fluctuations.

Each FGLD contract is equivalent to 100 grams of gold bullion. The small size has been designed to provide accessibility to all, but also flexibility for those wanting greater exposure. For the retail player wanting smaller exposure, the small size provides affordability. For the industrial user requiring larger exposure, the contract can be traded in multiple lots at a time (e.g. 5 lots, 10 lots etc).

As a cash-settled contract, no delivery of physical gold is required. Instead, the FGLD contract will be settled on expiry using the cash equivalent of the amount of gold purchased (e.g. 100 grams), calculated using the London AM Fix price (in USD) on the final trading day converted into RM.

For example:

On the Final Trading Day, if the London Gold AM Fix price is USD1,300 per troy ounce and the exchange rate is USD1 = RM3.0800:

Conversion of the gold price from USD to RM will be: 1,300 x 3.0800 = RM4,004 per troy ounce.
Conversion from troy ounce into grams: RM4,004/31.1034768 = RM 128.731589260786 per gram (1 troy once = 31.1034768 grams)
Final Settlement Value will be RM128.75 per gram (rounded to the nearest RM0.05),
Contract Value will be RM128.75 per gram x 100 grams = RM12,875.
The London AM Fix price is the global benchmark for spot gold prices, and the settlement of the FGLD contract in accordance with this price characterizes the FGLD contract as an instrument that tracks the international gold market closely.

The final trading day for each FGLD contract will be the last common business day in London and KL. Please refer to our website for the final trading day for each contract month.
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  #2  
Old 11-10-2013, 06:08 AM
Hans.Azhar Hans.Azhar is offline
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keluar bloomberg: http://www.bloomberg.com/video/bursa...fAWSmMqMQ.html
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Old 11-10-2013, 06:09 AM
Hans.Azhar Hans.Azhar is offline
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Why Trade FGLD?

a. Global Access

FGLD is traded on CME Globex®, a global electronic platform. CME Globex® provide access to professional traders anywhere around the world to trade Bursa Malaysia Derivatives products.

b. Regulated Trading

The trading of the FGLD contract on Bursa Malaysia Derivatives comes under the regulatory supervision of the Securities Commission of Malaysia pursuant to the Capital Markets and Services Act 2007.

Margin deposits and payments relating to settlement of futures contracts are guaranteed by Bursa Malaysia Derivatives Clearing while the conduct of the futures brokers is also regulated.

The regulatory framework provides added protection and comfort to market participants.

c. Leveraged Trading

In the futures market you will need to put up a small percentage of the notional value of the contract (known as Initial Margin). This margin will fluctuate according to volatility of the gold price. The “leverage” allows you to have greater exposure to gold at a fraction of the total value.

d. Benefit from Bull and Bear markets

Unlike purchasing an “asset” based on today’s prices (eg. stocks or physical assets), a futures contract enables you to take a position now based on your view of the prices in the future. Traders have the opportunity to sell first in declining markets and this is the main trading advantage of futures contracts. It allows traders the flexibility in participating and taking opportunity in market trends and movements.

For example, if you wish to have exposure to gold and anticipate the gold price will go down in the future (e g in December), you could sell a December contract now to lock in today’s prices, and take your gains in December when the contract expires at a lower price. This ability to “sell” a contract without first having to buy it enables you to benefit from both downward (and not just upward) movements in price.
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Old 11-10-2013, 06:09 AM
Hans.Azhar Hans.Azhar is offline
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The FGLD contract can cater to a variety of trading objectives and strategies. Examples:

Scenario 1: Protection of Asset Value

Simon has 1kg (1000g) of gold coins collected over the years. He observes that gold prices have declined and anticipates a further downtrend. He wishes to hold on to his physical gold portfolio for his retirement. To protect his asset value, he can use FGLD contract in the following manner:

Quantity of gold: 1000g
Current Gold price: MYR 130 per gram
Scenario: Gold prices are expected to FALL
How can FGLD help in this scenario?

Step 1: Evaluate portfolio value = MYR130,000
(MYR 130 x 1000g)

Step 2: Evaluate hedging amount = 10 FGLD contracts
(100g = 1 FGLD contract, 1000g = 10 FGLD contracts)

Step 3: Execute the FGLD order with the broker

Sell 10 FGLD contracts at the current price of MYR 130

Assuming gold prices fall to MYR 100 per gram
Step 4:

Reevaluate portfolio value =MYR 100,000
(MYR 100 x 1000g)
Gross Loss (physical gold value) = (MYR 30,000)
(MYR 130,000 – MYR100,000)
Gross Profit on FGLD = MYR30,000*
((MYR130 – MYR 100) x 1000g))
(Sell 10 FGLD contracts at MYR130
Buy 10 FGLD contracts at MYR100)
In this way, he maintains the value of his gold coins in the event of downward price movement.

* Initial Margins are to be deposited prior to trading
* Transaction costs have been excluded in this example

Scenario 2: Locking in the price of gold before it goes up

Madam Deepika’s daughter is getting married in 6 months time. She intends to withdraw her Fixed Deposit sum to buy gold jewellery. However, the Fixed Deposit is not due until closer to the wedding. Madam Deepika notices the gold prices have been trending upwards and is concerned that this may reduce the amount of gold she can purchase. To lock in the current gold price, she can use FGLD contract in the following manner:

Quantity of gold: 200g
Current Gold price: MYR 130 per gram

FD Value: MYR 26,000

Scenario: Gold prices are expected to RISE

How can FGLD help in this scenario?

Step 1: Evaluate portfolio value = MYR 26,000
(MYR 130 x 200g)

Step 2: Evaluate hedging amount = 2 FGLD contracts
(100g = 1 FGLD contract,
200g = 2 FGLD contracts)

Step 3: Execute the FGLD order with the broker
Buy 2 FGLD contracts at the current price of MYR 130

Assuming gold prices rise to MYR 160 per gram
Step 4:

Reevaluate portfolio value = MYR20,000
(MYR 100 x 200g)
Gross Loss (physical gold value) = MYR 6,000
(MYR 26,000 - MYR 20,000)
Gross Profit on FGLD = MYR 6,000*
((MYR 160-MYR 130) x 200g))
(Buy 2 FGLD contracts at MYR 130, Sell 2 FGLD contracts at MYR 160)
She can then add the profit to her Fixed Deposit sum and purchase the same amount of gold that she originally intended. By using this strategy, she effectively locked in the price of gold at the time she bought the FGLD.

* Initial Margins are to be deposited prior to trading
* Transaction costs have been excluded in this example

Scenario 3: Taking advantage of gold price volatility

Suhaila is interested to have gold as an asset class in her investment portfolio. She observes that gold prices have been volatile recently, moving actively in both directions. She believes she can profit from the price fluctuations. To benefit from the volatile market, she can use FGLD contract in the following manner:

Quantity of gold: 100g
Current Gold price: MYR 130 per gram

How to benefit from FGLD contract?

Scenario A: Gold prices are expected to RISE

Step 1: Buy one FGLD contract at MYR 130

Assuming gold prices rise to MYR 150 per gram
Step 2: Sell one FGLD contract at MYR 150
Gross profit on FGLD: MYR 2,000* (MYR 20 x 100 grams)

Scenario B: Gold prices are expected to FALL

Step 1: Sell one FGLD contract at MYR 130

Assuming gold prices fall to MYR 100 per gram
Step 2: Buy one FGLD contract at MYR 100
Gross profit on FGLD: MYR 3,000* (MYR 30 x 100 grams)

She can use numerous strategies to maximise her trading opportunities in the market, for e.g. spread trading, arbitrage trading and outright trading.

* Initial Margins are to be deposited prior to trading
* Transaction costs have been excluded in this example
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Old 11-10-2013, 06:10 AM
Hans.Azhar Hans.Azhar is offline
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FAQ: http://www.bursamalaysia.com/market/...-contract-fgld
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Old 11-10-2013, 06:10 AM
Hans.Azhar Hans.Azhar is offline
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ada offer

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Old 11-10-2013, 06:12 AM
Hans.Azhar Hans.Azhar is offline
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Transparent: RM12.1m worth of gold traded on FGLD's first day

Read more: RM12.1m worth of gold traded on FGLD's first day http://www.btimes.com.my/articles/fg...#ixzz2hMN1WWVb

KUALA LUMPUR: Some RM12.1 million worth of gold was traded on Bursa Malaysia Derivative's Gold Futures (FGLD)'s maiden trading day yesterday.

The RM12.1 million is equivalent to some 90.2kg of gold based on the current market price of the commodity.

FGLD's contract size is in 100 grammes and the last trading day is set as the last common business day of the contract month in both London and Kuala Lumpur.

The is because the base value of the gold price is based on London Fix Gold Specifications, and as such, the final settlement price will be according to the London AM Fix (which is in US dollar/ troy ounces) on the last trading day and will be adjusted to conversion into ringgit per gramme.

Some 902 lots changed hands on the FGLD yesterday, with trades mostly building steam much later in the day.

In the first 20 minutes of trading, only 44 lots were traded, while the futures market for FGLD saw some 371 lots exchanging hands for the month of October. For the December futures, 531 lots were traded, information obtained from the exchange shows.

The first trading day also saw 64 trading accounts participating in active trade, with the appointed market makers accounting for more than half of the trades.

Bursa Malaysia ranked the dominant players in the market as being Appointed Market Makers (56 per cent); Domestic Retail/Locals (23 per cent); Foreign Institutions (11 per cent) and Domestic Institutions (10 per cent).

The gold futures index, aims to provide investors a safe, regulated environment, as all trades are guaranteed by the Bursa Malaysia Derivatives Clearing House.

At the launch of FGLD last week, Datuk Tajuddin Atan, chairman of Bursa Malaysia Derivatives and chief executive officer of Bursa Malaysia , had said the plan was to create a comprehensive marketplace.

Read more: RM12.1m worth of gold traded on FGLD's first day http://www.btimes.com.my/articles/fg...#ixzz2hMN6tmH9
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Old 11-10-2013, 06:15 AM
Hans.Azhar Hans.Azhar is offline
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BM:

Mula diniagakan di Bursa Malaysia Derivatives mulai Isnin depan

BERMULA Isnin minggu depan, orang ramai mempunyai satu lagi platform untuk melabur dalam emas, iaitu menerusi Kontrak Niaga Hadapan Emas (FGLD) yang diniagakan di Bursa Malaysia Derivatives Bhd.
Untuk membuat pelaburan menerusi platform itu, apa yang perlu dilakukan bakal pelabur ialah membuka Akaun Dagangan Niaga Hadapan dengan syarikat broker niaga hadapan berlesen dan bertauliah daripada Bursa Malaysia Derivatives.

Pelabur diperlukan membuat deposit margin asas kepada syarikat broker, dengan jumlah minimumnya ialah lapan peratus daripada nilai kontrak yang mahu diurusniagakan.

Berdasarkan kepada harga semasa emas iaitu kira-kira RM142 satu gram atau RM142,000 sekilogram, satu kontrak FGLD ialah 100 gram, bernilai RM14,200.

Semua kontrak akan disebut harga berdasarkan kepada harga penanda aras global urus niaga masa sebenar emas London AM Fix yang diniagakan dalam dolar Amerika Syarikat (AS) di London.

Urus niaga FGLD akan dijalankan dari Isnin hingga Jumaat dari jam 9 pagi sebelum berhenti rehat pada 12.30 tengah hari dan dibuka semula dari 2.30 petang sehingga 7 petang.
Berikutan FGLD adalah kontrak pasaran hadapan, Bursa Malaysia Derivatives menawarkan pelabur untuk berurus niaga dalam lapan kontrak bulanan, iaitu kontrak bagi bulan semasa atau bulan spot, kontrak untuk tiga bulan berikutnya serta empat bulan genap seterusnya bermula daripada bulan spot.

Harga kontrak FGLD akan berubah sepanjang urus niaga harian mengikut pergerakan harga emas London AM Fix.

Ketua Eksekutif Bursa Malaysia Derivatives, Chong Kim Seng, berkata kontrak niaga hadapan logam berharga pertama yang diniagakan dalam pasaran modal tempatan itu bertujuan menyediakan peluang pelaburan emas yang selamat kepada pelabur menggunakan pasaran derivatif.

Pada masa sama, katanya FGLD yang diniagakan dalam Ringgit itu juga dapat bertindak sebagai sebuah instrumen lindung nilai kepada peserta industri emas tempatan.

Beliau menegaskan, instrumen pelaburan baru itu juga akan mengukuh serta memperkayakan lagi pasaran modal di Malaysia dan menjadikan Bursa Malaysia sebagai sebuah pasaran derivatif yang pelbagai.

“FGLD akan mengubah dan menggerakkan pasaran modal tempatan melangkaui niaga hadapan indeks saham, niaga hadapan bon, niaga hadapan kadar faedah, niaga hadapan komoditi pertanian.

“Dengan mempelbagaikan produk niaga hadapan dan opsyen produk berkaitan niaga hadapan, ia akan mengukuhkan lagi urus niaga serta menambah peluang pelaburan kepada semua,” katanya pada majlis pelancaran FGLD di Kuala Lumpur, semalam.

Pelancaran disempurnakan Pengerusi Bursa Malaysia Bhd, Tun Mohamed Dzaiddin Abdullah dan Ketua Eksekutifnya yang juga Pengerusi Bursa Malaysia Derivatives, Datuk Tajuddin Atan.

Chong berkata, meskipun FGLD pada awalnya direka bentuk untuk pelabur runcit, minat yang ditunjukkan oleh peserta industri emas adalah tinggi.

Katanya, dengan emas berdepan turun naik harga yang tidak menentu sejak beberapa bulan lalu, ramai peserta industri mencari instrumen yang boleh membantu menangani ketidakstabilan pergerakan harga itu.
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  #9  
Old 11-10-2013, 02:32 PM
kuda-kuda kuda-kuda is offline
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Ada margin call x ni.dan patuh syariah x?
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  #10  
Old 11-10-2013, 03:49 PM
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dia buat cash settlement....klu buat phsycal delivery sure ramai akan join sbb spot price di bursa adalah lbh rendah dari harga luar...klu buyer beli then hold kontrak sampai kena terima emas fizikal, then jual kat luar...masyukkkk....klu mcm CPO sapa lah nak terima sawit bertan2...
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