Questions from a stock market beginner

[Cam019]

Wait. So you deposited $200 cautiously into the real account and then one of the trades was for 100 contracts at 5652 for a total of $56,520 in exposure. 56520/200 = 282.6. Leverage of 282 and you're asking if a trade goes bad, can you loose more than your account size?! Is anyone else deeply concerned? I feel sick.

 

[Triathlete]

Maybe go back and read this thread, we have not heard from Kelly who was a beginner as well trading leveraged positions.
My advice would be not to trade leveraged positions until you have been trading at least two years successfully without leverage...

https://aussiestockforums.com/threads/losing-cfd-long-position.31405/page-6

 

[Wysiwyg]

Does this help?

Yes that tells 1 contract is worth 10cents x 100 = $10 per point move. Probably on 500 :1 margin. The trade frequency is small indicating good discipline. Keep at it you are doing well.

Thank you. It means a lot to me seeing how others trade.

 

[HarveyJ]

Hiya,

I was just wondering whether anyone trades on NYSE? I have been doing some research, albeit not seriously, and was just wondering how you would go about it if you were in Australia? What broker would you use and is it even possible? I understand the time difference would be an issue, but I am also assuming there are taxes and other fees involved?

Would appreciate any information that the experienced traders may have.

Thanks in advance

M

 

[alba174]

Hiya,

I was just wondering whether anyone trades on NYSE? I have been doing some research, albeit not seriously, and was just wondering how you would go about it if you were in Australia? What broker would you use and is it even possible? I understand the time difference would be an issue, but I am also assuming there are taxes and other fees involved?

Would appreciate any information that the experienced traders may have.

Thanks in advance

M

************ is definitely an option as it provides $0 brokerage for US trading. They are a new company but a great reliable service. They give access to the US markets with a smooth, hassle-free process.

 

[mcgrath111]

Hi Yall,

I recently placed a small order on CMC for VGE (An emerging markets ETF). It isn't the most liquid however the order was placed at market around mid day.
The order has 0 filled units.
Why hasn't this been executed?

Cheers,