ALL US traders are missing out on CFDs because of your lovely government.
- Thread starter madrid9
- Start date
- Status
Yea baby! Keeping it real! MMC has just put the period on this thread. Good job.
I hate to get in the middle of this but Madrid9, every time I look at your post, you're always making fun of someone or being a tough guy. Just take it easy. The best traders I know are also the most humble people.
cfds are great if u are a swing trader and can find a reputable trustworthy broker. spread betting is probably even better because there's zip commission beside the spread
the spread in a spread-bet on a stock [usa/european] is typically less than .5%, tightening at times to as little as .2%. some companies offer directional bets on goog for a minuscule 10tick spread that is exactly the same in the real mkt. u also pay waaay less in margin interests repayments: usually no more than 1.5/2% per year that is all included in the spread: so to open a position that expire in 1 yr u just pay 2%. baragin.
only problem is the brokers, typically operating as bucketshops but again, if u swing trade u should encounter very little problems.
they are definetly great product and widely employed by professional: i heard of a massive bet taken recently by a firm using cfds. a transaction equivalent to 100s of millions of dollars, so yeah they are used by many pros.
- Status