subject: Asx Cfd Trading Advice And Where Do I Get It? [print this page] CFD trading is a relatively new notion to the majority of traders and investors in Australia, this is certainly understandable given the mechanics of CFDs are very different to traditional equity trading. Having an advisor or trading mentor who can explain the idea of CFDs and assist you to identify trading opportunities can often be a relatively safe way for new CFD traders to gain exposure to financial markets.
There are lots of stockbrokers and financial advisors in Australia who are able to assist traders and investors looking to enter the stockmarket, however hardly any have in-depth knowledge and understanding of CFDs and how they can be used not only as a hedging instrument over a stock portfolio but also as a great way to achieve exposure to international shares, commodities, indices and forex pairs.
A number of CFD brokers are able to give you simple CFD trading advice and education however a lot of them won't provide you with CFD trading recommendations. There are however some CFD brokers who are able to provide you with advice and buying and selling recommendations, it is these CFD brokers that often also specialize in other aspects of financial services including financial planning, corporate advisory and funds management. Trading with a CFD broker that doesnt solely specialise in CFD trading is often a great idea for amateur traders searching for some aid in managing their trading portfolio and learning the hazards and benefits CFDs.
Dealing with a CFD broker like IC Markets who provides an in depth variety of products and services has a variety of benefits in that you'll be assigned a personal trading account manager with whom it is possible to communicate with on a daily basis and ask questions. If you require other services including being contacted in the event of a trading idea you can even elect this, however you may be charged a higher commission rate when using this service. Frequently extra benefits such as being able to participate in extremely sought after placements and IPOs will even be provided.
In many cases receiving CFD trading advice will cost a lot more than trading for yourself on the web, however the additional commission charges are rather insignificant when you think about the advantages and are much cheaper than the loses that lots of novice investors suffer when placing deals without a well thought out trading plan or strategy.
Prior to trading CFDs either on the web yourself or with a CFD provider like IC Markets who is able to offer you CFD trading advice it is important that you understand not just the advantages of CFD trading but also the hazards. Over and over again newbie CFD traders fail to realise that even though the gearing related to CFD trading can deliver profits it may also result in large losses, that is why getting an understanding of risk management is important.
by: kentw9nora
welcome to Insurances.net (https://www.insurances.net)
