Jump to content

switch from CFD trading to share trading

Recommended Posts

3 hours ago, hbrowna said:

How do I switch my account from CFD trading to share trading?

Hi, I think you just need to open a new share dealing account and then transfer funds across. As share dealing is non-leveraged there should be no extra hoops to jump through to open the account.

Share this post


Link to post
26 minutes ago, stormtrooper2 said:

Hello, friends, I'm new here, and I would like to know more about CFD trading, could anyone explain me what does it mean?

It's an easy way to lose lots of money.

  • Like 1

Share this post


Link to post
13 hours ago, stormtrooper2 said:

Hello, friends, I'm new here, and I would like to know more about CFD trading, could anyone explain me what does it mean?

Hello, CFD's are Contracts for difference. You don't own any asset when trading CFD's but you only trade for the difference in price of the asset you are trading. A benefit to CFD's over holding an asset is that you can set the system to automatically sell your CFD when a profit level is reached or when a loss is reached. When you hold an asset like shares the value of your asset will increase or decline but you will need to place an instruction to sell to close it off. Another benefit of CFD's is that you don't need a buyer or seller to close your trade as apposed to holding a share you will need a buyer to take your shares but if they are declining in value that makes them of little interest for a buyer of your shares.

I would sum up the benefits of CFD's as follows.

1) You don't need a buyer or seller to close or sell your CFD trade.

2) You can sell your CFD anytime your like & set the system to automatically sell your CFD if you reach your profit or loss.  This means you don't need to be at the screen 24/7, although it is advisable to monitor your trades.

Please also read https://www.investopedia.com/terms/c/contractfordifferences.asp

Edited by dau710

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.
Reply to this topic...

×   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.


  • Member Statistics

    • Total Topics
      7,615
    • Total Posts
      39,051
    • Total Members
      49,206
    Newest Member
    LIMEGARDEN
    Joined 17/10/19 08:23
  • Posts

    • yes, keep away from ftse and gbpusd until brexit is sorted, yesterday was deal done, then last night no deal, then this morning deal done at 2am news released about half an hour ago, that's why it's all over the place. look at these dax and ftse HA M5 charts.  
    • Dax moving up to test yesterday's highs, Dow powers up to the pivot, if Dow can break the pivot Dax should see R1 H1 charts;
    • Not got anything out of the market today either. Gonna look for new strategies, different assets, different timeframes, ... Any suggestions welcome. Also probably back to Demo for a while.
×
×