I've been experimenting with CMC demo account trading ASX200, German30, and UK100 indices. Well, I am extremely impressed with the charting, spreads, and costs with CMC. However, I found the interface a bit flaky. Might be my net connection or my version of Flash or my lack of knowledge.
Anyway, I have a question. How do CMC, for example, make money on indices if you daytrade, especially if you are just scalping? I think I can make an easy 20% per week just doing that. And I can think I can double that just by getting on a trend early in the day. But if you can consistently make over 20% and there's no commission, and no borrowing fees or currency fees because there's no overnight hold, then where do CMC make their money? Are they happy if you just scalp in 1-20 minute trades all day? Who are you making your profit from? I haven't got my head around CFDs yet.
