I too tried CFD thinking that I only need a fraction of outlay and the possibility of big return.
Lucky on my part that the CFD account was a trail / demo account with play money. made heaps in the first few days and minutes of work in the morning.
Than comes 1 bad decision and lost 40k way faster then i earn them.
The digital age has change the way we do business and make everythiny way more easier to get into and out off. A CFD account can be set up and traded within hours without leaving the comfort of computer. But is it a good thing? Do we get into things that we really have no idea about?
Second is that it take so much in winning any new business, why did NAB allow FGE to refinance in the first place? may be now i know why, the financial may already have shown signs of stress piror to the move. Something I have never consider as part of risk review.
I was watching FGE but never got the courage to jump in.
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Not Held
