Vladtheimpaler
IMHO that was very sound advice. After undertaking quite a lot of specialised training & the urging of my trainers I had a go at relatively small tiem cfd trading. Brokerage & interest charges are hidden killers as are looming dividend payouts if short. Even if trades go your way I found it stressful in the extreme to sit on them multi-day [I will admit to having started during the worst stages of the 2007 meltdown & to being suitably singed despite mainly profitable trades].
IMHO margin loans / cfds are not for the unwary, the inexperienced [inc me] or those who cannot afford to lose a quick $100k. I still have an open cfd account & in the event of a ridiculously overdone selloff of a quality stock like BHP would have another go. Even recently when BHP was sent down to ~$41 I resisted that temptation - risk to reward ratio has to be a goodie!
4YIO - NFA
bhp 12 month forecast, page-10
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Last
$42.06 |
Change
-0.930(2.16%) |
Mkt cap ! $213.4B | |||
| Open | High | Low | Value | Volume |
| $42.33 | $42.50 | $41.94 | $609.8M | 14.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5770 | $42.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.11 | 2807 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |