Just wondering what trade sizes people are using, IE do you have a standard trade $$ size, or at least a minimum one
The minimum size everybody uses is probably the most important as if you are trading in too small of parcels the commission will eat you alive
I am currently trading with a CFD provider, who has 10% margin on the ASX500 with 0.1% trading commission $10 minimum
Positives for CFD is, 10% margin, low commission, easy to short, All indicies and FOREX easily available, can cash in and out with credit card at no cost
Negatives are, orders not taken to market (IE non DMA) therefore you cannot effect market depths etc, nothing outside ASX500, also you cant place orders in the "ask" or "bid", meaning if you have a transaction you are automatically 1pip down
Does anybody use a direct market access CFD provider?
I am looking for something that will cross off my negatives whilst still offering good margins
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Just wondering what trade sizes people are using, IE do you have...
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