CFD Trading

[Gonefishing]

Anyone been successful with CFD trading e.g. plus 500 ...etc?

The volitile nature of the forex trading burns many hands.. some burn until bone also don't have left...

but anyone here been making good money?

[Icedbs]

I have done CFD with Poems before.

 

Also trade Forex. Good enough to make a living.

 

What do you need to know?

Edited February 5, 2014 by Icedbs

[Duckduck]

  On 2/5/2014 at 6:30 AM, Gonefishing said:

Anyone been successful with CFD trading e.g. plus 500 ...etc?

The volitile nature of the forex trading burns many hands.. some burn until bone also don't have left...

but anyone here been making good money?

 

same lah, forex move less % but higher margin, stocks move more % but lower margin, end up same gain loss lah. ultimately u lose means u got d trade wrong lah doenst matter wat u play

[Freestylers09]

after the trio saga

 

alot shares margin in cfd for midcap and pennies reduced

 

as well play with cash better lol

 

no try forex before..dun intend to

[Gonefishing]

  On 2/5/2014 at 7:09 AM, Icedbs said:

I have done CFD with Poems before.

 

Also trade Forex. Good enough to make a living.

 

What do you need to know?

 

Do you do it yourself online or through a broker?

[Hiphiphoray]

Hey........see trading topic sure can see u appear. lol.

 

  On 2/5/2014 at 7:21 AM, Freestylers09 said:

after the trio saga

 

alot shares margin in cfd for midcap and pennies reduced

 

as well play with cash better lol

 

no try forex before..dun intend to

 

[Banz86]

You may want to try oanda fx demo account. Can trade like a normal account and try out your strategies before putting your money where it really hurts.

 

With the news on US tampering lately, the forex have been quite a roller coaster ride. Fingers hurts even on the demo account as the strategy used didn't work.

 

CFD is like Fx but for normal counters. With the volatility market, you can try it out... Apply for demo accounts to try first unless you have to cash and "information" to trade.

[Icedbs]

  On 2/5/2014 at 9:29 AM, Gonefishing said:

 

Do you do it yourself online or through a broker?

 

Online...never through broker.

 

If you use broker, the trading fees are higher. And I don't see any value in that.

 

[Freestylers09]

  On 2/5/2014 at 9:33 AM, Hiphiphoray said:

Hey........see trading topic sure can see u appear. lol.

 

 

addition hard to cure lol

[Gonefishing]

  On 2/5/2014 at 9:59 AM, Icedbs said:

 

Online...never through broker.

 

If you use broker, the trading fees are higher. And I don't see any value in that.

 

 

I tried many practise account and only barely made 10K with the fake 200K i have in my account.. at some stage losses were 50K !!!!damn scary

[Chucky2007]

U want play CFD, my advice is to open multi account with different company. These companies very KNS. They always cover position as it's the company playing with u. Example.. u long HSI, then these few days HSI Lau sai... If u cut position swiftly take a 20% loss and immediately short HSI, the broker will tell u company limit reach.

 

My conclusion is don't play CFD to trade daily. It's best to use as hedging tools for existing stocks investments to capture the falling price.

 

My 2 cents.