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
cfds vs. options, page-7
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Last
$67.56 |
Change
0.920(1.38%) |
Mkt cap ! $13.09B | |||
| Open | High | Low | Value | Volume |
| $67.20 | $67.88 | $66.66 | $22.53M | 334.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7 | $67.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $67.60 | 400 | 1 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| ASX (ASX) Chart |