Technical Analysis lesson: Fibonacci numbers

Phillip Futures Malaysia Sdn Bhd is a licensed futures broker operating in Malaysia.

Services offererd:

Futures online trading utilising Patsystems Jtrader.

• Bursamalaysia Derivatives- KLCI Index futures, CPO futures


• Singapore Exchange: simsci, timsci, nikkei 225 index futures
  


• Hong Kong Futures Exchange: Hang Seng, China H share Index futures,
  


• US exchanges: CBOT, CME, ICE, Nymex: Soybeans, Corn, Wheat, Crude Oil, Gold futures, emini S&P500, Nasdaq100 and mini Dow futures.

• European exchanges: Liffe, FTSE 100 futures: Eurex: DJ Eurostox 50, Dax index futures

For self directed individuals wishing to take up the challenges of futures trading, Phillip fuutres provides online internet access for direct access to these markets. If you are interested, email: emacro88@gmail.com doreenlee@phillip.com.my

Limit your losses to 2% on any one trade

The art of trading is about winning, but equally important is to limiting risk when wrong on a trade. The table shows the drawdown of a trading account, and the return one would need to achieve if the account suffers those types of drawdowns. The striking reality is that if one is careless (or carefree) and looking to make big money TODAY and overleverage, the task to get back to break even would be daunting, to say the least. So, limit the risk to 2% of your account on any one trade.