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Didn't realise 20x was available. Wow that ain't for the faint...

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Ibza

2,664 Posts.

154

10/06/24

19:52

Post #: 74247732
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Originally posted by wrighty64: ↑

I trade CFDS with CMC markets and have done for over 15 years anyone considering these products the first thing i would do is open a practice account that's live trading on most but not all things i would commit 6 months of learning that way it allows you to learn all the ins and outs of the platform settings and nuances. Advice i would give is don't spread yourself to wide ie concentrate on a few things and do them well. Generally, i trade commodities Gold, silver copper and natural gas.
There are some 420 odd ASX shares in The main all the blue chips and mid-tier stocks and some pennies have good success at playing BMN, BOE By noting there movement as in when they hit over sold or topping out highs both had trends of gapping up or down on opens had near 70% win rate on those 2 alone. 4X Is the biggest market of all super cheap trading costs and 20x leverage you need to have your head around world events of all types of policy releases big news items jobs financials large corporate earnings and on and on so once again stick with a few and do them well.
Oh and the trading action requires to be up at 8pm to 2am so not ideal hours but that's when the action is on.

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Didn't realise 20x was available. Wow that ain't for the faint of heart!
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