XAO 0.79% 8,075.2 all ordinaries

Hi pmd,CFDs are great for getting significantly leverage. The...

  1. 837 Posts.
    lightbulb Created with Sketch. 42
    Hi pmd,

    CFDs are great for getting significantly leverage. The single worst aspect that I found was that as you will put a stop loss limit in place, sudden extreme volatility seems to happen that is far beyond what the cash index is experiencing at that exact same time. The result is often a move in the CFD for a few seconds well beyond your stop loss, pushing you out of the trade with a loss. Just please be warned, there are unexpected risks. I know some don't use a stop loss, but it is possible to make a large loss on a single trade, even wiping out your entire account. Anyway have a happy Christmas.

 
watchlist Created with Sketch. Add XAO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.