I'll answer your question Gaz!
CFDs Contract For difference downside is exactly what makes it very appealing-your trading on margin.
In otherwords you buy/sell a stock/sector/comodity ect at which size you pre determine.So if you buy 1000 CFD shares at $40 and the margin is 3% then all you have to cough up is $1200($40*1000*3%=$1200).Its like a deposit on a loan for shares.You just bought $40 000 of the stock and $1200 is the deposit.If you sell that stock at $45 you make $5000 profit,which is roughly 317% as opposed to only 12.5% in the physical market.($5000-$1200/$1200=317%).
The downside is it works the other way as well-so strict risk management is essential.CFD providers provide automatic stop losses and also guaranteed fixed stop losses.
Another great thing about CFDs is the commission/brokerage is very minimal and depending what you are trading no commission at all.
Cheers
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I'll answer your question Gaz!CFDs Contract For difference...
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Last
$58.52 |
Change
0.460(0.79%) |
Mkt cap ! $11.34B |
Open | High | Low | Value | Volume |
$58.31 | $58.95 | $58.14 | $17.51M | 299.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 139 | $58.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$58.53 | 474 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 654 | 61.440 |
1 | 30 | 60.000 |
5 | 154 | 59.820 |
1 | 51 | 59.500 |
1 | 9 | 58.600 |
Price($) | Vol. | No. |
---|---|---|
56.770 | 228 | 2 |
57.520 | 3 | 1 |
58.320 | 263 | 1 |
58.520 | 1956 | 3 |
58.550 | 60 | 1 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
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