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Monday, 16-May-2011 05:24 Email | Share | | Bookmark
Trading CFDs-Getting Started

If you are new to CFD, it is necessary to know a few facts about getting started. The very first step is to know what these instruments are and how they work. Equally important is to understand the risk elements involved in trading. There are many online tutorials available that help you understand the various aspects of CFD and its working. You can choose the best CFDs providers to help you make the grade smoothly.

You have to present personal information about your identity to open an account with reputable and trusted provider of services. Once your account is assigned and the login details provided you can fund your account and get started. It is possible to find the account through electronic fund transfer or check. You need not fund your account to activate it but to begin trading it is necessary to have funds in advance.

Most of the dealing platforms are browser based and does not involve downloading any software. Accounts can be usually accessed through cell phone, PDA or iPhone. You can activate and control your account 24X7 from anywhere around the world. Free trading guides cover all aspects of CFD training and also offer an extensive range of live and archived online training programs and seminars.

The best CFD training programs provide clients enough opportunities to increase and improve their knowledge and skills. Financial experts are available to help you understand the finer nuances of CFD trading. Professional providers ensure that you get at least a two week demo account where you can test the account through a series of practice trading sessions using virtual cash.

Risk management skills play a major role in any CFD training program. Guaranteed stops are tools that put an absolute limit on your liability in the event of the market behaving erratically. Guaranteed stops do not restrict your profit potential. You can put a guaranteed stop to set a maximum and minimum exit price for your trade. Even if the market moves against your expectations, your position will be closed exactly at the selected levels, regardless of whether there is a sharp overnight move.

CFD are a flexible alternative to conventional trading and is a simple concept. If you believe that the markets are set to rise, you but at the top end of our quote which is the offer price. If you think the markets are going to dip, you sell at the bottom of the quote. Your position is a contract meaning that you do not own the instrument at any point of time.

IG Markets offer a wide range of global share CFDs, including the leading Australian, European, Asian and US stocks – that’s more than 7000 shares. And unlike traditional share trading, CFDs allow you to go short on shares if you think the price is going to fall.

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