Jump to content
  • 0
Sign in to follow this  

Trading CFD instead of shares

Question

I have access to do CFD trading for Forex, commodities etc.

When it comes to ASX shares, I seem to only be able to purchase shares and not trade it as a CFD.
Is there an option to trade as CFD, is there something I need to do to my account to enable CFD trading of shares?

Share this post


Link to post

4 answers to this question

Recommended Posts

  • 0
2 minutes ago, Demoni1 said:

Thanks for the quick reply.

Based on the attached screenshot, where would i expect to be able to trade this stock as a CFD instead of purchasing shares?

As you can see highlighted, I have the option to buy shares, but i see no option for buying contracts.

cfd1.JPG

Thanks for the screenshot - I appreciate the terminology is a little confusing but in this instance because you are on the CFD account, even though it says 'Buy 1 Share' you are actually still buying a CFD contract on that share price move. 

There aren't individual lot sizes in the same way as there is on things such as oil, or the indices, however it is still a CFD. Anything in that account type follows the 'CFD framework' when it comes to buying and selling.

I hope this clarifies things. 

  • Thanks 1

Share this post


Link to post
  • 0
53 minutes ago, Demoni1 said:

I have access to do CFD trading for Forex, commodities etc.

When it comes to ASX shares, I seem to only be able to purchase shares and not trade it as a CFD.
Is there an option to trade as CFD, is there something I need to do to my account to enable CFD trading of shares?

I've just checked your account and can't see any restrictions. You should be able to remain in the CFD account and buy/sell the CFD for the individual stocks. 

Share this post


Link to post
  • 0
2 minutes ago, JamesIG said:

I've just checked your account and can't see any restrictions. You should be able to remain in the CFD account and buy/sell the CFD for the individual stocks. 

Thanks for the quick reply.

Based on the attached screenshot, where would i expect to be able to trade this stock as a CFD instead of purchasing shares?

As you can see highlighted, I have the option to buy shares, but i see no option for buying contracts.

 

 

cfd1.JPG

  • Like 1

Share this post


Link to post
  • 0
Just now, JamesIG said:

Thanks for the screenshot - I appreciate the terminology is a little confusing but in this instance because you are on the CFD account, even though it says 'Buy 1 Share' you are actually still buying a CFD contract on that share price move. 

There aren't individual lot sizes in the same way as there is on things such as oil, or the indices, however it is still a CFD. Anything in that account type follows the 'CFD framework' when it comes to buying and selling.

I hope this clarifies things. 

Perfect, thanks for the explanation.

  • Like 1

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,780
    • Total Posts
      40,622
    • Total Members
      50,993
    Newest Member
    Ritufx
    Joined 22/11/19 02:57
  • Posts

    • Well Bitcoin broke $8k and is currently around the $7.5k price area. It is not looking good at all.  It seems my $6.3k - $6.6k price area which I think could be the bottom or this specific downward move looks more likely now. I mentioned this price area on Monday (a few posts above) and now I think unless there is some serious buying or spectacular news followed by some serious pumping and short covering then Bitcoin is heading towards this price zone. 
    • There are many different ways to trade and applying or adopting trend following principles is merely just one such way. Trading more frequently does not guarantee any more success but it can increase the chances of making more losses if you do not have a robust trading system that is based on a sound trading plan. Trend following does not have to involve regular or frequent trading. That is the beauty of it. You can merely wait until you identify a trend which you wish to trade. Of course they will not all be successful as the trend could reverse sharply against you, it could be a false trend (looks like a trend but not) or simply the volatility could stop you out.  Day trading really is for full time traders in my personal opinion unless you have an expensive automated system which has been tested rigorously or you are an exceptional trader which can consistently make profits on most days without gambling, hoping or relying on luck.  Trend following suits me based on the time I have available to trade. I accept it is not for everyone but I believe all trading includes an element of trend following. Just how much depends on your trading style and methodologies adopted. 
    • The 20, 50 and 100 DMA curves on the 'daily' timeframe are sloping upwards which is extremely bullish and this trend has been very nice indeed.  When I talk about 'Strongest Trending Assets' in my other threads then I am suggesting those that a lot of traders do not spot but they exist and are available not only to trade on IG's platform but one must be able to spot and identify them. 
×
×