CFDs are definately not for beginners.They are for more advanced traders.
CFDs are a very flexible leveraged instrument and very cheap.
CFDs are just basically like a margin loan to buy shares.Like a margin loan and all you need is a deposit and off course have to pay interest.
They are a successfull traders dream.If you make money on the physical market you will make 10 times more that with CFDs with the same trades if the shares are margined at 10%.
1 thing to remember if the provider goes bankrupt you will lose all your money because unlike a normal broking account your money isn't in a neutral bank account or in a real company.
Cheers
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