Posts Tagged ‘trading’
CFD trading demo accounts
Before you start risking your money with a live CFD trading account you will probably want to try some demo accounts from different brokers. Practice accounts will help you to familiarise yourself with the mechanics of buying and selling, and help to evaluate the various trading platforms that CFD brokers provide. If you are thinking of opening [...]
How much money could I lose trading CFDs?
Before placing any contracts for difference (CFD) trades you should ask yourself the question of "How much money could I lose?". If you are to trade responsibly you should always be focusing on what you could lose, not what you could win. If you are focusing on how much you could win then you are either at high risk of losing a lot of money, or [...]
Why your broker always wins
No matter whether you win or lose your broker or spread betting company should always be making money. Just look at IG Group's financial reports for instance. They are making a huge amount of money every day - their latest trading update for their financial year predicts a profit before tax of £125 million. Clearly allowing people to trade with [...]
Top Trader 2009 Competition
RBS marketindex is launching a competition to find the best CFD trader. You trade using a demo account and each week there will be prizes for whoever increases their account by the most. Registration is open from the 29th June and the competition starts on July 6th. Prizes are £5000 cash, a Dell laptop and an iPhone 3GS 16GB. As this is a [...]
Trader, investor, gambler – which one are you?
If you have any sort of involvement in shares, commodities, currency, or derivatives of these, then you will probably fit into one or more of the ‘investor’, ‘gambler’ or ‘trader’ categories. What is the difference between them and where do you fit into these categorisations? Investor An investor is someone who buys something in [...]
Review of CMC’s CFD and Forex trading platform and service
CMC are a well known CFD, Forex and spread betting company. I signed up to try the service. Signup procedure You have to choose whether you want a CFD, Forex or spread betting account. The spread betting account is web based and the CFD and Forex accounts are run from within a Java application called MarketMaker. There is no need to sign up [...]
Get a Forex MetaTrader demo account for free
I was looking for a free MetaTrader demo account and the one from Alpari fits my needs nicely. The signup procedure is very quick. Just fill in a few basic details, download/install MetaTrader and you are ready to start. You can choose your initial balance when signing up. I haven’t worked out how to add more ‘money’ to the demo account [...]
Avoid getting screwed by your CFD / Forex trading broker
If you read trading forums such as trade2win and babybips then every so often you’ll come across someone who is asking for advice as it appears that they have been well and truly ripped off by their broker. I’m sure most brokers are honest but here are a few things you can to avoid the risk of bad things happening to you. When you start [...]
My first trading mistakes
I first opened a CFD trading account about three months ago. In that time I've already made quite a few mistakes but hopefully I've learnt from them. Here are some of them. Not checking the spread before entering a trade If for example the index is moving in a range of say 10-20 points and you want to do a short term bet then opening a trade [...]
FTSE 100 CFD Trading: 2nd June 2009
The day started well with me spotting several trends and managing my risk well. By 2pm I was up 22 points. Things went wrong after this when the market got more choppy. My biggest loss was in the afternoon around the time that the US housing data was released. The index started moving fast and I tried to profit from the surge upwards. I was too [...]
