KUALA LUMPUR: – Fiavest Sdn Bhd has designed a real-time stock screener to help day traders by facilitating them with the right selection of stocks on Bursa Malaysia.
Its Founder, Ng Eng Hooi, said the system used live-feed from Bursa Malaysia and the data would be filtered through some pre-set requirement settings to screen out potential stocks.
“The core concept behind the system is the price and volume. The system will prompt out those counters with the big volume that came in, which reflect the movement of the ‘big boys’, and if the price is right to investors they could go in,” he told Bernama.
He said other indicators produced by other systems were not of importance to day traders, as they lagged behind and came in only after transactions were done.
Ng said traders needed to be educated to have the right knowledge in understanding the trend and movement of the market movers, or the ‘big boys’, and decided on the right timing to go in and out of the market.
The ‘big boys’ movements in the market could be tracked based on the volume of the transaction done and frequency, and also with the help of technical charts equipped in the system to study the trend, he said.
“Being a remisier for 26 years, I went through the bull market in 1993 as well as the market crash in 1994 and 1998. I have seen how investors lost their money when they were not equipped with proper mindset and investment strategy,” he said.
He said with the aspiration to find ways to help these traders, he formed a research team to study the market and transformed the research, experience and trading strategy into this screening system, with the assistance of a local information technology partner.
For intra-day traders, speed and timing in making decision were crucial to lower the risks when making entry to the market, he said.
“We are not speculators despite the fast timing of in and out, as we do not base on rumours but on analysis and calculated risks,” he said.
Ng said Fiavest stressed education for traders, hence, it has set up six centres for system training – Wangsa Maju, Damansara, Penang island, Butterworth, Kelantan and Johor Baharu – to serve its current 600 retail clients.
Meanwhile, Fiavest’s Wangsa Maju Head of Branch, Dzulhilman Sulaiman, said Fiavest charged RM5,688 for the first year subscription of the system, inclusive of unlimited number classes for traders for a year while RM1,000 per annum would be charged subsequently for the renewal fees.
“On average, traders who had mastered the knowledge and skill of the system could conservatively make two per cent returns on investment daily or up to 40 per cent per month.
“The clients’s ages ranged from 28 to 50 but now an increasing number of fresh graduates and youngsters are involved in day trade with the support of their families,” he said. -- BERNAMA