>Apocalypto<
20.03.2012
- Joined
- 2 February 2007
- Posts
- 2,233
- Reactions
- 2
Re: Trading the XJO with CFD's
Hi brendan87
Great to see more new faces, welcome to the world of CFD trading.
I don't not have any probs with IG find them very easy to use and there advanced charts are great but more volume would be nice. but I do use Bourse data for most my decisions.
CFD's
from what I have experienced.
entry is critical and I advise not taking large trades no matter how much cash you have avalible. First thing to get your head around is leverage and how it works for and against you. Remember what ever you stand to gain you stand to lose. Stops are a must and with CFD indexes stops are used as a strategy not just to set and forget i move mine a lot but the Aussie200 has long tails so you must beware of that or you will always get stopped out and still see the price move in your preconceived direction. It is a art in it's own.
But I can't stress enough that you must start with small positions when you first trade.
I had so many disasters with the Aussie200 and Gold and Oil due to I was putting to much on the line.
Now buying and holding on CFD's is posible in my opinion as long as the market is right. for example if you bought anything at the end of the correction last year and sold few weeks ago or not that would have worked fine.
But remember you are paying interest on long positions but it is not that much.
I myself trade on a weekly and daily time frame. but what time frame you use only you can decide.
From what I have seen intra day is very quick and you need a sharp eye.
Uncle Festivus
Trades on a Intra day level and would know a lot more information about it then I do.
Good trading and feel free to ask or point out anything you see of feel about the Aussie200 or other CFD's. I am happy to help if I can.
Yes I agree with you other topics in ASF have really turned to running arguments which don't do much for anyone. I am talking about one section in particular.
Hi everyone!
Just having a read of your forum and it looks like you lot are all genuinely interested in helping eachother learn and providing support for eachother - unlike some other topics on ASFI myself am interested in CFD's but I haven't opened an account yet...just reading as much as I can first and getting to know tech analysis. I was tending towards IG markets because of the low min. trade size (good for starting off) and they seemed to be well priced and offer GSL. Any thoughts?
I have always tended to use the 'buy and hold' approach and fund. analysis so I'm trying to learn more about charts. I think CFDs are a good opportunity to take advantage of short-term trends and the ability to short on margin is attractive as well. Kinda (half) working on a trading plan but I think I'm going to learn as I go along anyway. Has anyone read Catherine Davey's books?? Having got one for X-mas I've had a look at her money management strategies which are pretty easy to follow and familairised myself with support/resistance/trends. Anyway, keep up the good discussion and hopefully I'll have more to contribute soon.
Hi brendan87
Great to see more new faces, welcome to the world of CFD trading.
I don't not have any probs with IG find them very easy to use and there advanced charts are great but more volume would be nice. but I do use Bourse data for most my decisions.
CFD's
from what I have experienced.
entry is critical and I advise not taking large trades no matter how much cash you have avalible. First thing to get your head around is leverage and how it works for and against you. Remember what ever you stand to gain you stand to lose. Stops are a must and with CFD indexes stops are used as a strategy not just to set and forget i move mine a lot but the Aussie200 has long tails so you must beware of that or you will always get stopped out and still see the price move in your preconceived direction. It is a art in it's own.
But I can't stress enough that you must start with small positions when you first trade.
I had so many disasters with the Aussie200 and Gold and Oil due to I was putting to much on the line.
Now buying and holding on CFD's is posible in my opinion as long as the market is right. for example if you bought anything at the end of the correction last year and sold few weeks ago or not that would have worked fine.
But remember you are paying interest on long positions but it is not that much.
I myself trade on a weekly and daily time frame. but what time frame you use only you can decide.
From what I have seen intra day is very quick and you need a sharp eye.
Uncle Festivus
Trades on a Intra day level and would know a lot more information about it then I do.
Good trading and feel free to ask or point out anything you see of feel about the Aussie200 or other CFD's. I am happy to help if I can.
Yes I agree with you other topics in ASF have really turned to running arguments which don't do much for anyone. I am talking about one section in particular.
