Tools Of The Trade (Part 1)

Having signed up for a CIMB iTrade account, we have begun familiarizing ourselves with the tool. But along the way we found a couple of other interesting tools in the business. Let me just share some of them here that we are familiar with.

CIMB iTrade (http://www.itradecimb.com.my/)

There are many companies that offers online trading services. Usually there will charges but some don’t. Purchasing your shares via this method would have lesser brokerage fee as oppose to the conventional way of liaising with a remisier.

We’ve signed up with CIMB iTrades. You should look out for others. As for us, due to our limited time back in Malaysia, we had little choice but to stick with them.

Trading with CIMB iTrade, provides 3 basic tools – normal stock trading (click Trading Hall, see pic below)/ cross border trading / IPO purchases.

CIMB iTrade trading hall (from now on referred to as iTrade), is a Java applet which can be run in any browser (IE or FF).

You could simply head down to any CIMB Securities office to sign up for an account. Its FREE.

To learn how to use the tool, when you are logged in, click on ‘Demo’ (see pic below). This will prompt a pop up window which will provide you a short tutorial on the essential features provided by the applet.

JStock (http://jstock.sourceforge.net/)

It’s a free open source tool that was developed by a Malaysian programmer.

It essentially provides the functionality to watch stocks, build ones portfolio, create alerts, chat with other like minded traders, etc.

I’ve just downloaded this tool a day ago and have begun using it. I find the Portfolio management feature more useful than that was provided by iTrades.

Another feature which I just started playing with is its stock indicator.

You could go to its site to learn more about these features. But I like to show what the stock indicator has in store. I’ve install the pre-built indicators like MACD Up and Down trend signal.

and have tested its simulation against a share that I have set my eye on of late, e.g. Aeon Credit (AEONCR).

The simulation with ‘MACD Up Trend Signal’ indicator tells me whether this stock is experiencing a standard MACD uptrend or not. In this case, it isn’t.

(to be continued…)