This week I have successfully open up my futures trading account with Okachi Malaysia. Okachi Malaysia is a Futures Broking House that allow traders to trade commodity future for oversea market.
As far as I know there are the only active Future Broking House in Malaysia with licences to trade in Chicago Board of Trade (CBOT), Chicago Mercatile Exchange (CME, NYMEX, NYCOT, London Options & Futures Exchange (FOX), London Metals Exchange (LME) and Tokyo Commodity Exchange (TOCOM). They are also the broking house for Malaysia KLCI Index Futures and Malaysia Crude Palm Oil Futures.
After hearing the presentation from the company representative Mr Jeffry I decided to activate my account to trade Tokyo Rubber Futures. According to Jefry Tokyo Futures is an active market that does not require high margin to trade. The initial margin for Tokyo Rubber Futures is about RM2,400 per contract.
I have deposited into the trading account of RM50K. Hopefully with trading plan and strategies in mind I will gain at least 30% profit by end of this year. Of course this will take into risk of losing as well.
I will open up other trading accounts with other broking house once I understand the trading plan and the risk involved of the particular derivatives. This will be my plan for this year.
If you want to know about Okachi Malaysia you can visit www.okachi.com.my
To your millionaire success.