Hi Mort
Have a look at the ASX website.
Look at the sections on OPTIONS, WARRANTS ANDS CFD'S and FUTURES if you're brave.
http://www.asx.com.au/index.htm
They do a great job on detailing each one with on-line courses as well.
This ought to keep you busy for the rest of the week.
Short answer to your question - short a stock if you think it's going down, go long if you think it's going up.
Here's the danger in derivatives that I know of. Never touched CFD's but the story is much the same.
TODAY - If you buy a call (going long) or a put (going short) in BHP and THE STOCK falls $10 in the next 2 weeks, here's a couple of scenarios, worst and best case in each.
(only guesstimates)
Option call - becomes worthless
Warrant Call - becomes worthless
Futures contract - you loose your house.
Option PUT - you could make 10 times investment.
Option Warrant - you could make 5 times your investment
Futures contract - you can buy a new house.
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Last
$39.60 |
Change
0.790(2.04%) |
Mkt cap ! $200.9B |
Open | High | Low | Value | Volume |
$39.19 | $39.87 | $39.10 | $371.9M | 9.393M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 10101 | $39.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.60 | 18075 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 10101 | 39.550 |
1 | 10000 | 39.540 |
2 | 45270 | 39.510 |
4 | 12285 | 39.500 |
1 | 8381 | 39.490 |
Price($) | Vol. | No. |
---|---|---|
39.600 | 8075 | 1 |
39.650 | 1000 | 1 |
39.680 | 14843 | 1 |
39.690 | 4907 | 1 |
39.740 | 4000 | 1 |
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