A CFD noob story :)

[chriscarman]

Julia - in case you didnt get the message (it rejected me because i havent posted enough as yet ) -thanks!

(though my PM said it better hehe)

regards

Chris

 

[Client]

By the way. 20% capital in each Trade on CFDs!!!

Yeah, that's too many. I heard about 10% of the whole capital (maximum) and about 2-3% maximum loss in each trade.

 

[SmellyTerror]

This is the weakness with so many newbees, you want someone else to confirm something. Do the research yourself, understand for yourself what works and what doesn't. Other peoples opinions matter nought.

To expand: get this book (there are others, of course, but Howard is awesome).

That'll teach you how to test any idea someone gives you, or that you have yourself. If systems are what you like, this is what you need to get into.

No more taking people's word for it. You can try it yourself.

 

[globaltr]

Hi,

If your thinking of trading or attempting to apply someone elses strategy to the equities markets ASX/ International it would make sense to firstly understand your tolerance to risk. The presenter's of these seminars have no idea of your risk tolerance and will guard themselves with disclaimer's and request you sign them prior to commiting your money to their strategy.

Here's something to help you
Contact your nearest reputable investment / financial advisor who will (for FREE) provide you a 1 hour consultation and provide you an understanding of your risk tolerance to investing. When you know your risk tolerance you will have a good understanding if the strategy the presenter is offerring fits. Much better use of your time than sitting in a seminar.

If you have a High Risk tolerance - meaning commitment of investing approx > 70% - < 90% of your capital into the equities market ASX and international then I would look at long term as opposed to short term trading (in and out of the market). There has been many a study published by reputable companies and associations i.e. Morningstar, Finsia, and the AFA that detail that over the long term if you are to trade on a short term basis with CFDs, Options Forex etc then you are likely to break even or lose money.

I have worked for many of the larger institutional banks as an Analyst and behind the scenes it is a regimented environmment with next to zero human decision making required when entering and exiting the market on a trade.

There are an increasing number of structured investment products delivered by the banks that utilise CFDs, Forex, and Options as part of their overall strategy. Instead of spending your money on courses and learning the many strategies for trading yourself why not utilise good advisors (do your homework and interview many) and understand the investment products and how they can be used to assist you in your wealth creation.

Thanks

Anthony Manly

 

[>Apocalypto<]

Hi,

If your thinking of trading or attempting to apply someone elses strategy to the equities markets ASX/ International it would make sense to firstly understand your tolerance to risk. The presenter's of these seminars have no idea of your risk tolerance and will guard themselves with disclaimer's and request you sign them prior to commiting your money to their strategy.

Thread's over two years old champ.

 

[cbc]

Hi Chris, (same name as me)

Simply look up

"MARGIN" or "FINANCIAL MARGIN"

Then see if you are still interested