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JALATAMA MANAGEMENT SDN BHD (929594-W)

ProductsCommoditiesStock IndicesADERIVATIVE contract, traded through an authorized EXCHANGE and cleared through aCLEARINGHOUSE, that is characterized by standardterms and conditions, and is subject tostandard MARGINrequirementsand clearing rules. Trading in exchangederivativesmay occur in physicalOPEN OUTCRYform, or increasingly in electronicform. The three main classes of exchange-traded derivatives are FUTURES, OPTIONS, and FUTURES OPTIONS. Contracts are available on a broad range of national and international ASSET references, including INTEREST RATES, FOREIGN EXCHANGE, EQUITIES, andcommodities. Also known as LISTED DERIVATIVE.

EXCHANGE-TRADED DERIVATIVETwo-Ways TradingTwo-way market environment opportunities arises in opening a trading position (i.e. entering a new transaction) that reflects market propensity/taking advantage of market price movements.Buy Long :Open Buy Close SellSell Short: Open Sell Close Buy

4Whats Gold?Spot Market-Any market that deals in the current price of a financial instrumentDuring economic crisis, what most likely will happen?Why? HedgingA strategy to limiting or offsetting the probability of lost from fluctuations in the prices of commodities, currencies or securities History of GoldFor thousands of years, gold has been valued as a global currency, a commodity, an investment and simply an object of beautyGold has attracted investors throughout the centuries, protecting their wealth and providing a 'safe haven' in troubled or uncertain timesIt offers investors insurance against extreme movements in the value of other asset classesWhy Investors Buy GoldLimited SupplyIntrinsic ValueA CurrencyA CommoditySafe HavenMore stableInflation HedgeOf all the precious metals, gold is the most popular as an investment

Growth, Recession & UncertaintyAs gold is a widely used industrial commodity it benefits during economic boomsGold also benefits during downturns due to falling real rates and currency debasementsGold is invariably the destination for flight to safety scenarios during global tensions

Long Term OutlookLow real rates in major Western economiesCurrency warsGrowing demand from India and ChinaLong term gold is well positioned to make substantial future gains

Short Term OutlookAdjustment to monetary policyChanges in sentiment to risk takingTechnical analysisShort term golds price will fluctuate providing opportunities to maximise profit

Maximise ProfitShort Term FactorsUSDRisk ToleranceTechnical AnalysisFluctuating DemandMonetary PolicyEuro IssuesImportantISO 4217 Code for gold: XAU Trading Contract Code: XULF1 Gold Futures Contract: 1 Lot Scale:1 troy ounce = 31.103g = Current Market Price1 Gold Bar = 400 troy ounces = 12.5kg1 Lot = 100 troy ouncesMinimum Trading Lot = 3 lotsMargin TradingTrading transaction by way of margin trading is a facility provided to you in order to conduct a transaction whose value exceeds the paid-in capital. Margin in gold trading serves as collateral that you pay to the futures brokerage company as a security deposit, which serves to guarantee that you are able to fulfil the payment obligation, thereby allowing you to conduct transactions with the brokerage company.Law No. 32 of 1997 on Commodity Futures Trading defines margin as a given amount of money or securities that a customer must place in a futures broker, futures broker in a member of a futures clearing, or a member of a futures clearing in the futures clearing agency in order to guarantee a futures contract transaction.

13Margin Trading/LeverageYou are probably wondering how a small investor like yourself can trade such large amounts of money. Think of your broker as a bank who basically fronts you $100,000 to buy currencies and all he asks from you is that you give him $1,000 as a good faith deposit, which he will hold for you but not necessarily keep. Sounds too good to be true? Well this is how trading using leverage works.Typically the broker will require a minimum account size, also known as account margin or initial margin. Once you have deposited your money you will then be able to trade. The broker will also specify how much they require per position (lot) traded.For example, for every $1,000 you have, you can trade 1 lot of $100,000. So if you have $5,000 they may allow you to trade up to $500,000 of Forex. The minimum security (margin) for each lot will vary from broker to broker.In the example above, the broker required a one percent margin. This means that for every $100,000 traded, the broker wants $1,000 as a deposit on the position.How To InvestPhysicalJewelleryBullionCoinsNon-PhysicalFuturesETFs

Disadvantages of PhysicalHigher investment requiredJewellery designs increase priceGoldsmiths can be dishonest regarding purityStorage and insurance costs are higherTime consuming to buy and sellAdvantages of Futures/SpotLow capital requirements margin tradingMuch higher % capital gainsEfficiencyTwo-way market

TechnicalFundamentalSentimentThree Types Of Market AnalysisTechnical AnalysisChart to visualize price movementOld saying, "History tends to repeat itself"?By looking at historical price movements, potential price movement can be determined

20Technical Analysis cont-d Types of ChartsThree most popular types of charts:Line chartBar chartCandlestick chart

Line ChartsA simple line chart draws a line from one closing price to the next closing price

Bar ChartsA bar chart is a little more complex. It shows the opening and closing prices, as well as the highs and lowsThe horizontal hash on the left side of the bar is the opening price, and the right-side horizontal hash is the closing priceAlso called "OHLC" charts, because they indicate the Open, the High, the Low, and the Close for that particular currency

Candlesticks ChartsThe sexiest thing about a candlestick, is their bodyThe larger block (or body) in the middle indicates the range between the opening and closing pricesIf the block in the middle is filled or colored in, then the currency closed lower than it opened (Bearish)

Long white candlesticks show strong buying pressureThe longer the white candlestick, the further the close is above the openLong black (filled) candlesticks show strong selling pressure The longer the black candlestick, the further the close is below the openIn other words, the bears are kicking the bulls' asses big time!

Mysterious ShadowsUpper shadows signify the session high. Lower shadows signify the session lowIf a candlestick has a long upper shadow and short lower shadow, this means that buyers bid prices higher, but for one reason or another, sellers came in and drove prices back down to end the session back near its open price.If a candlestick has a long lower shadow and short upper shadow, this means that sellers forced price lower, but for one reason or another, buyers came in and drove prices back up to end the session back near its open price.

Basic Candlestick PatternsSpinning TopsCandlesticks with a long upper shadow, long lower shadow and small real bodies The color of the real body is not very important.The pattern indicates the indecision between the buyers and sellers.The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both buyers and sellers were fighting but nobody could gain the upper hand.

If a spinning top forms during an uptrend, this usually means there aren't many buyers left and a possible reversal in direction could occur.If a spinning top forms during a downtrend, this usually means there aren't many sellers left and a possible reversal in direction could occur.

Marubozu

No shadows from the bodies The high and low are the same as its open or closeThe small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both buyers and sellers were fighting but nobody could gain the upper hand.If a spinning top forms during an uptrend, this usually means there aren't many buyers left and a possible reversal in direction could occur.If a spinning top forms during a downtrend, this usually means there aren't many sellers left and a possible reversal in direction could occur.

DojiVery small body that appear as a thin lineDoji candlesticks have the same open and close price or at least their bodies are extremely shortImplies indecision or a struggle for turf positioning between buyers and sellersNeither buyers nor sellers were able to gain control and the result was essentially a draw4 Types

Significance/ ApplicationWhen a Doji forms on your chart after a series of candlesticks with long hollow bodies (White Marubozu-s), the Doji signals that the buyers are becoming exhausted and weakening. Sellers are licking their chops and are looking to come in and drive the price back down.

If a Doji forms after a series of candlesticks with long filled bodies (Black Marubozu-s), the Doji signals that sellers are becoming exhausted and weak. In order for price to continue falling, more sellers are needed but sellers are all tapped out! Buyers are foaming in the mouth for a chance to get in cheap.

Hammer and Hanging ManThe hammer and hanging man look exactly alike but have totally different meanings depending on past price action. Both have cute little bodies (black or white), long lower shadows, and short or absent upper shadows.

The hammer is a bullish reversal patternThe long lower shadow indicates that sellers pushed prices lower, but buyers were able to overcome this selling pressure and closed near the openThe hanging man is a bearish reversal patternCan also mark a top or strong resistance levelThe long lower shadow shows that sellers pushed prices lower during the session. Buyers were able to push the price back up some but only near the open.

Inverted Hammer and Shooting StarThe inverted hammer and shooting star look identicalThe only difference is whether you're in a downtrend or uptrendBoth candlesticks have petite little bodies (filled or hollow), long upper shadows, and small or absent lower shadows

It shows that the sellers attempted to push the price further down, but buyers came in and overpowered themThe long upper shadow shows the buyers just slightly overpowered the sellersTherefore, it suggests that there is a possibility of a reversal pattern

NameBullish or Bearish?How does it look like?Spinning Top

?Doji?White Marubozu?Black Marubozu?

NameBullish or Bearish?How does it look like?Hammer?Hanging Man?Inverted Hammer?Shooting Star?

Double Trouble - Dual Candlestick PatternsThe bullish engulfing pattern is a two candle stick pattern that signals a strong up move may be coming. It happens when a bearish candle is immediately followed by a larger bullish candle.This second candle "engulfs" the bearish candle. This means buyers are flexing their muscles and that there could be a strong up move after a recent downtrend or a period of consolidation.

On the other hand, the bearish engulfing pattern is the opposite of the bullish pattern. This type of pattern occurs when bullish candle is immediately followed by a bearishcandle that completely "engulfs" it.

Tweezer Bottoms and TopsReversal patterns. This type of candlestick pattern could usually be spotted after an extended up trend or downtrend.

Evening and Morning StarsThe morning star and the evening star are triple candlestick patterns that you can usually find at the end of a trend. They are reversal patterns that can be recognized through these three characteristics

Three White Soldiers and Black CrowsThe three white soldiers pattern is formed when three long bullish candles follow a downtrend, signaling a reversal has occurred. Most potent in-yo-face bullish signals, especially when it occurs after an extended downtrend and a short period of consolidation.

Three Inside Up and DownThe three inside up candlestick formation is a trend-reversal pattern that is found at the bottom of a downtrend. It indicates that the downtrend is possibly over and that a new uptrend has started. For a valid three inside up candlestick formation.

NameBullish or Bearish?How does it look like?Bullish EngulfingBullishBearish EngulfingBearishTweezer TopsBearishTweezer BottomsBullish

NameBullish or Bearish?How does it look like?Morning StarBullishEvening StarBearishThree White SoldiersBullishThree Black CrowsBearish

NameBullish or Bearish?How does it look like?Three Inside UpBullishThree Inside DownBearish

Support and ResistanceRevolves around the forces of supply and demandThe bottom line that prevents the price from decliningWhen price declines, buyers more incline to buy, sellers become less inclined to sell By the time the price reaches thesupportlevel, demandwill overcome supplyandprevent the price from falling belowsupport.Support level can be broken if bears have won out over bullsOnce support breaks, another support level will be established

47ResistanceThe price ceiling that prevent price to rise furtherWhen price increases, sellers more incline to sell, buyers more reluctant to buyResistance level can be broken if bulls have won out over bearsOnce resistance breaks, a higher resistance level will be established

Support And ResistanceMost widely used concepts in tradingRevolves around ?????

Plotting Support and ResistanceOne thing to remember is that support and resistance levels are not exact numbers.Often times you will see a support or resistance level that appears broken, but soon after find out that the market was just testing it. With candlestick charts, these "tests" of support and resistance are usually represented by the candlestick shadows.Theory: Buy@Support + Sell@Resistance

Trend LinesTrend lines are probably the most common form of technical analysis used today. They are probably one of the most underutilized as well.If drawn correctly, they can be as accurate as any other method. Unfortunately, most traders dont draw them correctly or they try to make the line fit the market instead of the other way around.In their most basic form, an uptrend line is drawn along the bottom of easily identifiable support areas (valleys). In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas (peaks).

Profitable Pattern

The BounceAs the name suggests, one method of trading support and resistance levels is right after the bounceInstead of simply buying or selling right off the bat, wait for it to bounce first before entering. By doing this, you avoid those moments where price moves fast and break through support and resistance levels.

The BreakThe simplest way to play breakouts is to buy or sell whenever price passes convincingly through a support or resistance zone. The key word here is convincingly because we only want to enter when price passes through a significant support or resistance level with ease.

The Aggressive Way

The simplest way to play breakouts is to buy or sell whenever price passesconvincingly through a support or resistance zone. The key word here is convincinglybecause we only want to enter when price passes through a significant support orresistance level with ease.Conservative Way

Hypothetical Speaking~~You made a mistake and now, your account balance slowly falling,Do you...Accept defeat, get the heck out, and liquidate your position?OrHold on to your trade and hope price rises up again?FibonacciLeonard Fibonacci was a famous Italian mathematician, and discovered a simple series of numbers that created ratios describing the natural proportions of things in the universeThe ratios arise from the following number series: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144...This series of numbers is derived by starting with 1 followed by 2 and then adding 1 + 2 to get 3, the third number. Then, adding 2 + 3 to get 5, and so on.After the first few numbers in the sequence, if you measure the ratio of any number to the succeeding higher number, you get .618. For example, 34 divided by 55 equals .618.If you measure the ratio between alternate numbers you get .382. For example, 34 divided by 89 = 0.382

Cont-dThese are the ratios we have to know:

Fibonacci Retracement Levels0.236, 0.382, 0.500, 0.618, 0.764

Fibonacci Extension Levels0, 0.236, 0.382, 0.500, 0.618, 1.000, 1.382, 1.618

Cont-dFibonacci retracement levels are used by traders as potential support and resistance areasSince so many traders watch these same levels and place buy and sell orders on them to enter trades or place stops, the support and resistance levels tend to become a self-fulfilling prophecy as everyone is using the same tool to predict the price movementsThats the reason Fibonacci ratios are called the Golden Mean"

When to enter trade??

Formula- FiboHigh Price- Low Price= Difference (A)0.00 % = Low price 0.236% = Low price + (A x 0.236) = Price0.382% = Low price + (A x 0.382) = Price0.500% = Low price + (A x 0.50) = Price0.618% = Low price + (A x 0.618) = Price0.764% = Low price + (A x 0.764) = Price100% = High priceGolden RulesSupport 3Support 2Support 1 Current PriceResistance 1Resistance 2Resistance 31567.971577.601586.581596.051600.541608.411615.83

*Advise Sell at S1 $1586.58(Alternative Sell at R3 $1615.83)*Advise Buy at R1 - $1600.54 (Alternative Buy at S3 - $1567.97)

Chart PatternsAid to spot conditions where the market is ready to break outCan also indicate whether the price will continue in its current direction or reverseMost common Chart Patterns :Double Top and Double BottomHead and Shoulders and Inverse Head and ShouldersRising and Falling WedgesBullish and Bearish RectanglesBearish and Bullish PennantsTriangles (Symmetrical, Ascending, and Descending)

Double TopA double top is a reversal pattern that is formed after there is an extended move upThe "tops" are peaks which are formed when the price fails to break through resistance levelAfter hitting this level, the price bounces off slightly, but then return back to test the resistance level againIf the price bounces off of that level again, then you have a DOUBLE top!

Notice how the second top was not able to break the high of the first top. This is a strong sign that a reversal is going to occur because it is telling us that the buying pressure is just about finished.With the double top, we would place our entry order below the neckline because we are anticipating a reversal of the uptrend.Occasionally, Triple Top might occur

Double BottomIt is also a trend reversal formation, but this time we are looking to go long instead of short. These formations occur after extended downtrends when two valleys or "bottoms" have been formed.

Head and ShouldersA head and shoulders pattern is also a trend reversal formation.It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder). A "neckline" is drawn by connecting the lowest points of the two troughs. The slope of this line can either be up or down. Typically, when the slope is down, it produces a more reliable signal.

With this formation, we put an entry order below the neckline.We can also calculate a target by measuring the high point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline.

Inverse Head and ShouldersThe name speaks for itself. It is basically a head and shoulders formation, except this time it's upside down.A valley is formed (shoulder), followed by an even lower valley (head), and then another higher valley (shoulder). These formations occur after extended downward movements.

We can see that this is just like a head and shoulders pattern, but it's flipped upside down. With this formation, we would place a long entry order above the neckline.Our target is calculated just like the head and shoulders pattern. Measure the distance between the head and the neckline, and that is approximately the distance that the price will move after it breaks the neckline.

WedgesWedges signal a pause in the current trend. When you encounter this formation, it signals that traders are still deciding where to take the pair next.Wedges could serve as either continuation or reversal patterns

Rising WedgeA rising wedge is formed when price consolidates between upward sloping support and resistance lines.With prices consolidating, we know that a big splash is coming, so we can expect a breakout to either the top or bottom.What will happen after this?

Cont-dA rising wedge formed at the end of an uptrend. Notice how price action is forming new highs, but at a much slower pace than when price makes higher lows.If the rising wedge forms after an uptrend, it's usually a bearish reversal pattern.On the other hand, if it forms during a downtrend, it could signal a continuation of the down move.

Falling WedgeJust like the rising wedge, the falling wedge can either be a reversal or continuation signal.As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume.Unlike the rising wedge, the falling wedge is a bullish chart pattern.

RectanglesA rectangle is a pattern formed when price is bounded by parallel support and resistance levels.A rectangle exhibits a period of consolidation or indecision between buyers and sellersThe price will "test" the support and resistance levels several times before eventually breaking out.Can be either bullish or bearish

PennantsSimilar to rectangles, pennants are continuation patterns formed after strong moves.After a big upward or downward move, buyers or sellers usually pause to catch their breath before taking the pair further in the same direction. Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant

Bearish PennantsWhile the price is still consolidating, more buyers or sellers usually decide to jump in on the strong move, forcing the price to bust out of the pennant formation.A bearish pennant is formed because some sellers close their positions while other sellers decide to join the trend, offsetting each other, making the price consolidate for a bit.

TrianglesSymmetrical TriangleA chart formation where the slope of the price's highs and the slope of the price's lows converge together to a point where it looks like a triangle.

As these two slopes get closer to each other, it means that a breakout is getting near. No one knows which direction the breakout will be, but we do know that the market will most likely break out.

Ascending TriangleThis type of formation occurs when there is a resistance level and a slope of higher lowsWhich direction will it go? 2 Possibilities:The price will break out past the resistanceThe resistance level is too strong, and there is simply not enough buying power to push it through (most likely)

Descending TriangleSame goes with Descending Triangle"Which direction will it go? 2 Possibilities:The price will break through the support levelThe support level is too strong, and there is simply not enough selling power to push it through (most likely)

All in All: Reversal Patterns

All in All: Continuation Patterns

All in All: Bilateral

Chart PatternForms DuringType of SignalNext MoveDouble TopUptrendReversal??Double BottomDowntrendReversal??Head and ShouldersUptrendReversal??Inverse Head and ShouldersDowntrendReversal??Rising WedgeDowntrendContinuation??Rising WedgeUptrendReversal??Falling WedgeUptrendContinuation??Falling WedgeDowntrendReversal??Bearish RectangleDowntrendContinuation??Bullish RectangleUptrendContinuation??Bearish PennantDowntrendContinuation??Bullish PennantUptrendContinuation??Parabolic SAR (Stop & Reversal)Indicates potential reversals in price movementWhen the dots are below the candles, it is a buy signalWhen the dots are above the candles, it is a sell signalBest used in markets that have long rallies and downturnsDON'T use this tool in a choppy market where the price movement is stagnant

How to trade using Parabolic SAR

To Exit TradesYou can also use Parabolic SAR to help you determine whether you should close your trade or not.Check out how the Parabolic SAR worked as an exit signal in daily chart above.

StochasticThe Stochastic is another indicator that helps us determine where a trend might be ending.An oscillator that measures overbought and oversold conditions in the market

How to trade using StochasticWhen the Stochastic lines are above 90 (the red dotted line ), it means the market is overboughtWhen the Stochastic lines are below 10 (the blue dotted line), it means that the market is oversold.

As a rule of thumb, we buy when the market is oversold, we sell when the market is overbought

Fundamental AnalysisCurrent issues - economic, social, and political forces For instance, unemployment rates, inflation, GDP..Certain events like an increase in unemployment rate can affect a country's economy and the demand for its currencyHow?? By reading news~~Why is this important??

Efficient Market Hypothesis (EMH)Weak EMH prices reflect on all past publicly available informationSemi-strong EMH - prices reflect all publicly available information and that prices instantly change to reflect new public informationStrong EMH - prices instantly reflect even hidden or "insider" information

Tradable ReportsEmployment Growth Interest Rate decisions Trade Balance Gross Domestic Product Retail Sales Durable Goods Inflation reports (Consumer Price Index and Producer Price Index) Foreign Purchases report (TIC Data)Non-Farm PayrollGoldpricesare inversely relatedto the US Dollar Exchange Rate changes.When theprice of the US Dollarfalls, theprice of goldwillstrengthen, due toincreasinglack of public trust in regards to the dollar as well as global foreign exchange/currencies; i.e. when major currencies start to weaken.Goldhas always been entrustedas aprimary mode oftransaction/currencyfor centuries, andtill recently,Goldis oftenregarded as a solidinvestmentinstrument,moreover in uncertain economic times (i.e. a safe haven / form of hedging ones funds against times of global financial crisis).However, there are timeswherethe price ofgoldcanrallytogethertoexchangeUSD. Case in point, when crude oil price increases whilst the US Dollar is strengthening, as Crude Oilsignificantly affectsthe increase ordecrease ingold prices.As the leading price indicator ofmost rawcommodity markets,crude oil pricesare directly proportional tothe price of gold. Examples being the Gold Mining companies globally purchase their Oil Stocks in bulk, moreover via futures contracts tied to current oil prices, thus when global price of oil increases, so does the price of gold (& vice versa). Another factor affecting theprice of goldiswarandconflict ina countrythat affects global state of economics and politics (Example: TheNorthAfricanWar,EuropeanUnion Sovereign Debt Crisis, US Debt Crisis @ 2011, et al)

Sentimental AnalysisIn world of Finance, what are the two greatest emotional motivators?Greed and FearThe current economy, act before the market adjusts itself based on the emotional motivators..For instance, US debt ceiling, what happened??

Risk ManagementCut Loss

Cut your losses" means that if you continue, you will lose much more. So it would be better to stop now and be content that your losses didn't get any worse

Holding SystemSet a limit or a target for every transaction, at the same time set a stop loss for you. Don't take any action if the market pacing up and down and it always will. Take your winning if happen so and prepare to take risk control if going near your stop loss.

Locking SystemSet a target and stop loss for every trade. When market change direction and come near your stop loss and you do not wish to use the cut loss system as strong indicators showing trend will continue, you can lock it by trading one more transaction. When market starts to pull back and indicators showing, take your profit for the transaction which is winning and wait for the first transaction to win too. Market tends to move up and down, you can gain profit from both ways.

Rolling/Pyramid SystemRolling is one of the techniques used to gain additional profit via performing a new transaction by doubling up in the same direction from the former transaction, as it used to gain the equal if not more profit in the same or faster time taken than the previous transaction.

SwitchingSwitching is one of the techniques used to change the transaction direction to the opposition direction via performing a new transaction in the opposite direction from the former transaction (by doubling up the lots) as it will switch the risk of the transaction and profit from it. Hence, the switch covers the loss and gain you profit.

SpreadAll two-way price quotes, the bid and ask. The bid is always lower than the ask price.The bid is the price in which the dealer is willing to buy the base instrument in exchange for the quote instrument. This means the bid is the price at which you (as the trader) will sell.The ask is the price at which the dealer will sell the base instrument in exchange for the quote instrument. This means the ask is the price at which you will buy.The difference between the bid and the ask price is popularly known as the spread.TickFinancial markets move in different size price increments, and the minimum price movement is known as a tick. Futures markets often have specific tick sizes.Tick sizes and tick values are part of the contract specifications for all financial markets.Market Loco London Gold Transaction Contract Code XULF Contract Size (By lot)100 Troy Ounces Spread USD$ 0.80 = USD240 per transactionLeverage 1: 300Minimum Trade 3 Lots Maximum Trade 18 Lots Tick (1 tick = USD$0.05)USD$0.05 / troy ounce Value per Tick USD$0.05 X 3 lots X 100 troy ounces = USD$15.00 Margin Requirement Day Trade USD$1,500 Straddle USD$ 3,000 Overnight Trade USD$30,000 Brokerage Fees USD$120 Trading Hours (Jakarta Time)

Summer: Mon 7.00am Thurs 3.30am Winter: Mon 7.00am Thurs 4.30am Summer: Fri 7.00am- Sat 12.30am Winter: Fri 7.00am- Sat 1.30am Trading Rules/SpecificationMargin CallIn the event that money in your account falls below margin requirements (usable margin), your broker will close some or all open positions. This prevents your account from falling into a negative balance; nevertheless, you have a choice to top up your account to continue holding your positions.Or you may liquid your holding position and do the necessary CapitalUSD 30, 0000.00MarketLoco London Gold TransactionContract Size (By lot)100 Troy Ounces Margin RequirementDay Trade USD$1,500 Straddle USD$ 3,000 Overnight Trade USD$30,000 Average Movement per DayUSD $5.00 USD $30.00Tick (1 tick = USD$0.05)USD$0.05 / troy ounce Value per Tick USD$0.05 X 3 lots X 100 troy ounces = USD$15.00 One Week5 DaysOne Month20 DaysTransaction Per Month15 TransactionTarget Per Transaction 20 TicksProfit Per Transaction20 Ticks x USD $15.00 = USD $300.00Brokerage Fee Per TransactionUSD $120.00Net Profit Per Month15 Transaction x( USD $300.00- USD $120.00)= USD $2700 or 9 %

Clearing HouseJFX