I am no Trader and I am only beginning to understand stocks.
There was an interesting artilce in the SMH at the end of last year on CFD's. Basically the article said most traders lost their money FAST through this highly leveraged way of trading and ASIC should/would investigate this trading method.
CFD's are called "Cash from Dickheads", at least thats what the SMH said the brokers called them.
cfd's, page-5
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Last
32.8¢ |
Change
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Mkt cap ! $479.3M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.5¢ | $723.5K | 2.173M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 215763 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 139647 | 30 |
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