Tuesday, 23 January 2007

How safe Are CFDs

shorting stock markets using cfd online
One has to be extremely careful when trading in CFDs. Having been there and done it all for many years, I could therefore recommend the following points:

  • Try to get a Demo Account and do a lot of paper trading first for a few months if possible.

  • Then, try to open an account with a broker who will allow you to trade with pennies and I mean pennies.

  • Try to use a spreadsheet to record all your trades including your profits & losses.

  • Then finally, when you think you have got the hang of things, increase your stakes and even then you should be extremely careful. It's always best to keep your stakes to a reasonable amount.

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