Contracts for Difference (CFD)
Contracts for Difference (CFD) are products
allowing customers to have benefits of owning a stock, index, forex, gold,
silver, ETF or commodity position without physically owning the underlying
into a contract for a CFD at the quoted price. You can earn profit or
lose money from the difference between current market price and the price
when the position is closed. CFD is settled in cash.
Be aware that
by trading CFD you have risk losing all their money in the specific
account. You can apply for many accounts with one (1) broker. However,
you can earn a lot of money from the position you open also.
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It is just buy low sell high or
sell high buy low like the typical millionaire stock
trader do. Now, you can even copy the trades or buy/ sell transactions
from other members in your brokerage firms' member's portal, if you want
to. You can do it yourself (DIY) manually or using robot softwares or
Other Cryptocurrency Accounts:
include no Exchange charges and no Stamp Duty.
The costs and delays
of physical delivery of the shares, registration and any holding or safe
custody charges are avoided.
The other major benefit of trading CFD
is that customers can trade on margin using leverage.
means customers can trade a portfolio of shares, indices, commodities,
etc. without large amounts of capital.
The margin is the amount of money needed
to open or maintain a position. Banks or brokers need collateral to
ensure trader can pay in case he/ she loss in trading.
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