Where Can I Get Good CFD Trading Recommendations?
CFD trading is a very new concept to most traders and investors in Australia, this is certainly understandable given the mechanics of CFDs are very different to traditional share trading. Having an advisor or trading mentor who is able to explain the concept of CFDs and assist you to identify trading possibilities can often be quite a 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 help traders and investors trying to enter the stockmarket, however hardly any have in-depth knowledge and understanding of CFDs and the way they can easily be used not only as a hedging instrument over a equity portfolio but also as a great way to gain exposure to global shares, commodities, indices and foreign exchange pairs.
Some CFD brokers are able to offer you basic CFD trading advice and education however lots of them will not 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 specialise in other areas of money management including financial planning, corporate advisory and funds management. Dealing with a CFD provider that does not exclusively specialise in CFD trading is usually an excellent idea for newbie traders in search of some support in managing their trading portfolio and learning the risks and benefits CFDs.
Dealing with a CFD provider like IC Markets who offers an extensive assortment of products and services has a variety of advantages in that you will be assigned a personal account manager with whom it is possible to communicate with daily and ask questions. If you need added services such as being contacted in the event of a trading idea you can also elect this, however you could be charged a higher commission rate when utilizing this service. Frequently added benefits like having the ability to take part in highly sought after placements and IPO's will even be provided.
In many cases receiving CFD trading advice will cost more than buying and selling for yourself over the internet, however the additional commission costs are relatively insignificant when you consider the benefits and are a great deal less expensive than the loses that numerous amateur traders suffer when placing deals with no well thought out trading plan or strategy.
Ahead of buying and selling CFDs either over the internet yourself or with a CFD provider like IC Markets who is able to offer you CFD trading advice it's critical that you understand not just the advantages of CFD trading but also the hazards. Time and again amateur CFD traders fail to understand that even though the gearing associated with CFD trading can lead to profits it can also lead to large losses, this is why having an understanding of risk management is imperative.
There are lots of stockbrokers and financial advisors in Australia who are able to help traders and investors trying to enter the stockmarket, however hardly any have in-depth knowledge and understanding of CFDs and the way they can easily be used not only as a hedging instrument over a equity portfolio but also as a great way to gain exposure to global shares, commodities, indices and foreign exchange pairs.
Some CFD brokers are able to offer you basic CFD trading advice and education however lots of them will not 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 specialise in other areas of money management including financial planning, corporate advisory and funds management. Dealing with a CFD provider that does not exclusively specialise in CFD trading is usually an excellent idea for newbie traders in search of some support in managing their trading portfolio and learning the risks and benefits CFDs.
Dealing with a CFD provider like IC Markets who offers an extensive assortment of products and services has a variety of advantages in that you will be assigned a personal account manager with whom it is possible to communicate with daily and ask questions. If you need added services such as being contacted in the event of a trading idea you can also elect this, however you could be charged a higher commission rate when utilizing this service. Frequently added benefits like having the ability to take part in highly sought after placements and IPO's will even be provided.
In many cases receiving CFD trading advice will cost more than buying and selling for yourself over the internet, however the additional commission costs are relatively insignificant when you consider the benefits and are a great deal less expensive than the loses that numerous amateur traders suffer when placing deals with no well thought out trading plan or strategy.
Ahead of buying and selling CFDs either over the internet yourself or with a CFD provider like IC Markets who is able to offer you CFD trading advice it's critical that you understand not just the advantages of CFD trading but also the hazards. Time and again amateur CFD traders fail to understand that even though the gearing associated with CFD trading can lead to profits it can also lead to large losses, this is why having an understanding of risk management is imperative.
