CFDs for beginners

johenmo said:

Beamstas (et al)

can you name a good book or books or other sources that explain CFDs in good simple terms? I want it for my spouse.

OR any good links.

Tks

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beamstas said:

PureDeal is MM - Basically they try to rip you off as much as possible. Your trades won't actually go in the market, and they'll gun for your stops at every change.
PureDMA is Direct Market Access - You need $5000 in your account to use this.

If you don't know what MM and DMA are, i suggest you take a while and research CFD's before trading them. There will be trading opportunities next week, next month or next year. Don't rush and do some research first. SuperCharge your trading with CFD's by Jeff Cartridge is a good introduction to CFD's.

I believe the transfer of funds is just as good as any other broker, normally overnight.

Cheers

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