AUD unknown

where to trade currencies, page-3

  1. 1,000 Posts.
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    A3aziz,

    You may want to pose this question on the CFD forum (contracts for difference). Most of the CFD providers trade currencies. However, a word of warning there are some extremely dodgy practices with CFD trading as generally you are trying to take the CFD provider's money and conversely they are trying to take yours. Things like forcing the market price to rise or fall to take out your stops is the most common way they trick you. Another trick is to not payout on a winning trade by adjusting the price at which you sold after the trade has gone through. As someone on the CFD forum said "each CFD provider has its own type of bastardry". Having said that some people do make genuine money from CFD's but I'm stuffed if I know how.

    I've never traded currencies simply for the reason the CFD's look too dodgy to me.

 
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