Paper Trading FTSE 100 Day 2 – 11th April 2008

Here are the results for day 2. For day 1, refer to this entry.

Trade 1
Bought at 6006 (18:00), exited at 6002 (18:55).
Loss: 4 points.

Trade 2
Shorted at 6002 (18:55), exited at 6010 (20:05).
Loss: 8 points.

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Paper Trading FTSE 100 Day 1 – 10th April 2008

Here are the paper trading results for FTSE 100 on day 1. Refer to the original entry to read about my plan to trade the FTSE 100 Index.

The entry and exit levels were based on actual data from my online trading platform. The numbers in brackets are times of entry and exit.

Trade 1
Short sold at 5984 (18:06), exited at 5935 (19:35).
Profit: 49 points.

Trade 2
Bought at 5935 (19:35), exited at 5934 (20:45).
Loss: 1 point.

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Trading the UK FTSE 100 Index Contract-for-Difference (CFD)

I’ve been researching ways on how to trade London’s FTSE 100 Index.

What I like the most about the FTSE 100 is that the profits derived are in Great Britain Pound (that goes to losses as well!). Also, trading hours for the London market is also pretty convenient for me.

I managed to draw up a plan last week to make this venture a successful one.

This time, I shall be day trading the FTSE 100 through Contract-for-Difference (CFD). My trading hours will be from 6.00 PM till 2.30 AM. No positions will be held overnight.

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CFD Trading/Share Trading: Costly Mistake

A number of days ago, a trading signal was generated and I placed a limit order with my online trading platform.

Usually, with my limit order, I include a “time of expiry” in which, if the order was not filled by the specified date and time, the order will automatically be purged. For that particular order, it was supposed to be filled by the close of the trading day, or I’m not getting on board at all. However, I was too lazy to type in the date and time of expiry. I though, nah, I’ll just check back later.

Guess what? I totally forgot about the order. It was in the system for the next few days and was eventually filled. The next time I checked my trading platform, I noticed the screen registering a loss of a few hundred dollars. I was like, where the heck did that come from?

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My First Dip – iShares MSCI Emerging Markets (IEM) ETF

In my introduction to Exchange Traded Fund (ETF) entry, I wrote that I plan to allocate some money towards Exchange Traded Funds (ETFs). Well, I just did.

I took a position in an ETF last week.

The process was rather simple. I logged onto my online trading platform, placed an order with my broker, wait for my order to be executed, and voilà!

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CFD Trading: What can be traded with CFD

The best thing about CFD is that there are a wide range of products that can be traded from one single account. No more having different accounts for stock trading, FOREX trading, futures trading, international stock trading, and etc.

Here are some of the products that I’m able to trade on my trading platform:

– Domestic Shares
– International Shares
– FOREX (Spot and Futures)
– Metals (e.g. Gold, Silver)
– Energies (e.g. Crude Oil)
– Other Commodities (e.g. Coffee, Pot Belly, Orange Juice)
– Money Market Products (e.g. Interest rate products, Bonds)
– Stock Indices (Dow Jones, FTSE 100, S&P ASX200)
– Binary
– Options

Of course, I do not trade every single one of the above mentioned instruments but I still think that CFD is a wonder of the world.

Also, bear in mind that different CFD providers offer different products but usually, the basics are the same.

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Back to Basics: Investment Asset Classes

Previously in the Back to Basics series, I have written about:

Today, we shall be perusing at what’s out there and what’s available for us to invest in.

Generally, there are four major asset classes available.

They are:

  1. Equity
  2. Cash/Money Market Securities
  3. Fixed Interest Securities
  4. Property

Here are some explanations and examples of the above-mentioned asset classes:

EQUITY MARKET

In the most simplistic sense, equity is another name for stocks or shares.

Examples that come under this category are:

  • Malaysian stocks
  • Australian company stocks
  • Unit trust funds/managed funds/mutual funds
  • Foreign stocks

CASH/MONEY MARKET

The money market forms a part of the debt market. Generally, securities traded in the money market have maturity periods of less than 12 months. Maturity basically means, your positions will be exited within the time frame.

Examples:

  • Bills of Exchange
    • Bank Bills
    • Treasury Bills
  • Promissory Notes
  • Certificates of Deposit
  • Treasury Notes
  • Unit trust fund or mutual funds dealing with money markets

[Read more…]

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