Just wanting to run this by you to see if i have this right?
CMC Markets leverage OTC CFD's 100x your starting capital. I.e with $1,000 i can enter a $100,000 position right?
At the moment the world markets are plummeting. Americas AAA rating was downgraded by S&P and it looks like the week coming is going to be a blood bath.
Using history as a guide, it's fair to say, that the markets will hit a bottom soon and then retrace and go one to exceed their previous highs. Therefore, we can expect the all ordinaries to hit 5500-6000 points in the future (i'm not saying it hasn't got more to lose though).
After the signs of a bull market begin to show, wouldn't it be the perfect opportunity to lay $10,000 on an OTC CFD following the S&P 200? This will open you up to a $1,000,000 position. If the all ords climb to 6000 points, that's a 33% gain, which would pocket you $330,000 dollars for a $10,000 spend.
someone please correct me if i'm wrong!
I'm also fully aware that a 33% drop would put you $330,000 in debt! but do we really think the market will go much below 3500?
