Blackstone; I do totally agree with you, CFD I tricky and cause most of market manipulation, it is initially was a hedging method, but they became a daily trading tool; hence the market movement are way higher than the actual cause. I hope one day the governments can realise that there is a need to ban it, nothing support this view than what Australian government did during GFC in 2008, when they stopped shorts, knowing it does drive market way beyond where it should be, an di guess this worked for us .
for those who want to know more, just do simple reading on internet, and read about currency Shorting and specifically the biggest ten currency shorting stories, and you will see that few individual managed to gain huge huge amount, but leaving countries close to bankruptcy, does that sounds a good thing, I don’t think so at least for the millions of adults and children who live in that country
The above is my view and hope that CFD, derivatives and similar financial instruments one day will all be banned
ABU Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
