Local Participants entry liberalised.... but read the fine print....

"Local Participants can trade with their own funds and are not permitted to conduct trades on behalf of Clients. They will enjoy exchange and clearing fees rebate if they trade 1,000 contracts per month or more. Local Participants are registered with Bursa Malaysia Derivatives (BMD) and can trade in all BMD's products.?

Dr Alexander Elder always stated that the impediments to success of small traders is the fact that they are always swimming the tide. Before they can make money, they have to stand in line while the exchange takes their fee, then the broker gets the commission... Trading costs are a very real and significant part of trading, so the minimisation of costs is essential for success in trading.