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Casual Articles - CFD Trading Platforms - 7 Things You Must Know
Try these proven techniques during your next question and answer session.1. Repeat the questionIt is helpful to repeat a question asked by a participant especially if;1. You are speaking to a large group. 2. Your session is being taped and you want the listeners to the tape to hear the question, and 3. The person asking the question has a low or soft voice.2. Keep answers short-don’t lectureIt is so tempting to digress. Often if asked a question that strikes right to the core of our passion we may go on and on in giving a response. Give participants the option of staying longer or contacting you for more details or discussion.
Some CFD platforms will allow you to place a “market order” when the market is closed, and enter the CFD the next morning at the opening price, or the first traded price after the market opens. On some of these platforms, these are known as orders to “enter at open”. Again, this is important for those who need to place their orders all in the evenings.
7. How are your stop loss orders actually filled?
With CFDs you can place automatic stop losses, which is a great advantage of trading CFDs, but how are they filled? With many CFD trading platforms, as the underlying stock price falls through your stop loss, you'll be exited over a market weighted price if there's inadequate liquidity at any one price point. So you may experience so
We my get called mad and assorts of other things but being a resell rights junkie has some amazing advantages. One thing that you can do is build a customer list without having a product to sell. Now I know you think I'm nut's but let me explain something quite revealing and you may change your ideologyBefore starting any business you need a target market of hungry customers willing to exchange money for a product, solution or service. Without it all you have is costs. The purpose of any Business is to to create a profit. So you have to sell people what they already want to buy that is a solution to their problem. You are hungry, you solve the problem by going to the
You do this of course by having a good CFD trading system that's profitable and has an acceptable drawdown. But what a lot of people don't know, is that having the right CFD trading platform is crucial to the success of your CFD trading as well!
Why? Because if you have a CFD platform that does what you want, you can 1. properly trade your system (and hence produce the results the system is supposed to produce!) and 2. maximize the profits from your CFD trading.
By the time you finish reading this article, you'll know why this is so, and also how to choose a CFD trading platform to maximise the success of your CFD trading.
Here's a checklist of 7 points you must look for in a CFD trading platform:
1. Are the CFDs that you want to trade available, and how many of them can be shorted?
If your CFD system trades the top 200 or 300 CFDs rather than say the top 30 or 100, to be fully profitable, then you'd need to ensure that the CFD platform provides a large enough number of CFDs. Also, look carefully at the number of CFDs that are shortable. If your system shorts the top 200 or so CFDs, then ensure that you can trade your system as it was designed, by checking the shortable list on their platform. In fact you may want to use a CFD platform's shortable list during your backtesting to ensure that your system can perform well on the provider's shortable list. So check this out, and if unsure, email them!
2. What are their commission costs?
For most CFD providers the one way commission is around 0.1 to 0.2% of the trade size, but for some providers, there is no commission. If they have commissions, check their minimum commission also. For example, a provider's commission may be 0.2% or $20 one way, whichever is greater.
3. What is their interest charge for long positions held overnight?
The interest charge for long positions held overnight is based on a major bank's overnight interest rate plus a few percentage points, so check what this is. As an example, for a $10 000 position held for 14 days, with a interest charge of 7.5% per annum, the cost for the entire trade is around $30. Note that for short positions, the interest is paid to you, so will offset the costs rather than contribute to it.
4. Do the CFD prices exactly mirror the underlying stock prices, or is the spread widened?
On many CFD trading platforms the spread is widened slightly by 0.05 to 0.1%. You should look at this in relation to the other costs though. Some platforms will widen the underlying stock spread by a 0.05% and have a commission of 0.1%, whereas another platform may not widen the spread but have a higher commission of 0.4%
5. Can you place limit orders on the platform to enter a CFD position in the evenings?
Many CFD platforms will enable you to place an order, such as a limit order, to enter a CFD position, at anytime of the day or night. This means that you can place a limit order in the evening, to enter a CFD when the market opens the next morning. This is important, as many people do their trading in the evenings because they work during the day.
6. Can you place “market orders” to enter a CFD position in the evenings?
Some CFD platforms will allow you to place a “market order” when the market is closed, and enter the CFD the next morning at the opening price, or the first traded price after the market opens. On some of these platforms, these are known as orders to “enter at open”. Again, this is important for those who need to place their orders all in the evenings.
7. How are your stop loss orders actually filled?
With CFDs you can place automatic stop losses, which is a great advantage of trading CFDs, but how are they filled? With many CFD trading platforms, as the underlying stock price falls through your stop loss, you'll be exited over a market weighted price if there's inadequate liquidity at any one price point. So you may experience som
Each of us sells every single day. We are all sales people. How well we sell directly affects our lifestyles, friendships, and family life.Professional sales people spend their entire careers consciously selling products and services. They attend sales trainings and seminars. They listen to motivational tapes and CDs in the cars to stay optimistic in the face of the inevitable continuous stream of 'Nos' every salesperson hears daily.Selling is the world's oldest profession. It is in your blood, and you know how to do it. Follow just a few simple steps and rules to selling, and considerably improve your life and your relationships.My definition of a sale
1. Are the CFDs that you want to trade available, and how many of them can be shorted?
If your CFD system trades the top 200 or 300 CFDs rather than say the top 30 or 100, to be fully profitable, then you'd need to ensure that the CFD platform provides a large enough number of CFDs. Also, look carefully at the number of CFDs that are shortable. If your system shorts the top 200 or so CFDs, then ensure that you can trade your system as it was designed, by checking the shortable list on their platform. In fact you may want to use a CFD platform's shortable list during your backtesting to ensure that your system can perform well on the provider's shortable list. So check this out, and if unsure, email them!
2. What are their commission costs?
For most CFD providers the one way commission is around 0.1 to 0.2% of the trade size, but for some providers, there is no commission. If they have commissions, check their minimum commission also. For example, a provider's commission may be 0.2% or $20 one way, whichever is greater.
3. What is their interest charge for long positions held overnight?
The interest charge for long positions held overnight is based on a major bank's overnight interest rate plus a few percentage points, so check what this is. As an example, for a $10 000 position held for 14 days, with a interest charge of 7.5% per annum, the cost for the entire trade is around $30. Note that for short positions, the interest is paid to you, so will offset the costs rather than contribute to it.
4. Do the CFD prices exactly mirror the underlying stock prices, or is the spread widened?
On many CFD trading platforms the spread is widened slightly by 0.05 to 0.1%. You should look at this in relation to the other costs though. Some platforms will widen the underlying stock spread by a 0.05% and have a commission of 0.1%, whereas another platform may not widen the spread but have a higher commission of 0.4%
5. Can you place limit orders on the platform to enter a CFD position in the evenings?
Many CFD platforms will enable you to place an order, such as a limit order, to enter a CFD position, at anytime of the day or night. This means that you can place a limit order in the evening, to enter a CFD when the market opens the next morning. This is important, as many people do their trading in the evenings because they work during the day.
6. Can you place “market orders” to enter a CFD position in the evenings?
Some CFD platforms will allow you to place a “market order” when the market is closed, and enter the CFD the next morning at the opening price, or the first traded price after the market opens. On some of these platforms, these are known as orders to “enter at open”. Again, this is important for those who need to place their orders all in the evenings.
7. How are your stop loss orders actually filled?
With CFDs you can place automatic stop losses, which is a great advantage of trading CFDs, but how are they filled? With many CFD trading platforms, as the underlying stock price falls through your stop loss, you'll be exited over a market weighted price if there's inadequate liquidity at any one price point. So you may experience so
Traffic is the answer to all my prayers! WRONG. Let me explain. For years people have been led to believe that traffic = sales, trust me when I say that that is like throwing mud at a wall and hoping and praying that some sticks.Yes it is true that if you throw traffic at your site, blog etc then some of it will end up making the purchase, signing up for your newsletter or whatever it is that you want them to do. But why waste your efforts creating that traffic when it can be much simpler to create 'buying' traffic?What do I mean by 'buying' traffic? First you need to realize that the net may well be our own 'virtual' world but the simple fact is that thi
3. What is their interest charge for long positions held overnight?
The interest charge for long positions held overnight is based on a major bank's overnight interest rate plus a few percentage points, so check what this is. As an example, for a $10 000 position held for 14 days, with a interest charge of 7.5% per annum, the cost for the entire trade is around $30. Note that for short positions, the interest is paid to you, so will offset the costs rather than contribute to it.
4. Do the CFD prices exactly mirror the underlying stock prices, or is the spread widened?
On many CFD trading platforms the spread is widened slightly by 0.05 to 0.1%. You should look at this in relation to the other costs though. Some platforms will widen the underlying stock spread by a 0.05% and have a commission of 0.1%, whereas another platform may not widen the spread but have a higher commission of 0.4%
5. Can you place limit orders on the platform to enter a CFD position in the evenings?
Many CFD platforms will enable you to place an order, such as a limit order, to enter a CFD position, at anytime of the day or night. This means that you can place a limit order in the evening, to enter a CFD when the market opens the next morning. This is important, as many people do their trading in the evenings because they work during the day.
6. Can you place “market orders” to enter a CFD position in the evenings?
Some CFD platforms will allow you to place a “market order” when the market is closed, and enter the CFD the next morning at the opening price, or the first traded price after the market opens. On some of these platforms, these are known as orders to “enter at open”. Again, this is important for those who need to place their orders all in the evenings.
7. How are your stop loss orders actually filled?
With CFDs you can place automatic stop losses, which is a great advantage of trading CFDs, but how are they filled? With many CFD trading platforms, as the underlying stock price falls through your stop loss, you'll be exited over a market weighted price if there's inadequate liquidity at any one price point. So you may experience so
You need to focus on building your list to gain success. The more opt-in subscribers you have in your list, the more sales you will make - if you use your list appropriately.Do you know how to effectively focus on building your list to add to the success of your online business? Many online business owners agree that the best asset they have for their business is their list, and they keep a back up on disc in case anything should ever happen.Of course, how many sales you make from your list does depend on how you use your list, what you send your list, and so on.Here are 3 ways you can focus on building your list to achieve more success for your online
On many CFD trading platforms the spread is widened slightly by 0.05 to 0.1%. You should look at this in relation to the other costs though. Some platforms will widen the underlying stock spread by a 0.05% and have a commission of 0.1%, whereas another platform may not widen the spread but have a higher commission of 0.4%
5. Can you place limit orders on the platform to enter a CFD position in the evenings?
Many CFD platforms will enable you to place an order, such as a limit order, to enter a CFD position, at anytime of the day or night. This means that you can place a limit order in the evening, to enter a CFD when the market opens the next morning. This is important, as many people do their trading in the evenings because they work during the day.
6. Can you place “market orders” to enter a CFD position in the evenings?
Some CFD platforms will allow you to place a “market order” when the market is closed, and enter the CFD the next morning at the opening price, or the first traded price after the market opens. On some of these platforms, these are known as orders to “enter at open”. Again, this is important for those who need to place their orders all in the evenings.
7. How are your stop loss orders actually filled?
With CFDs you can place automatic stop losses, which is a great advantage of trading CFDs, but how are they filled? With many CFD trading platforms, as the underlying stock price falls through your stop loss, you'll be exited over a market weighted price if there's inadequate liquidity at any one price point. So you may experience so
1. Increase the number of visitors that revisit your web site by publishing a free course right on your site. Just release a new lesson once a week or once a month.2. Make sure your graphics load correctly. Broken graphics or the x box will make your business look very unprofessional.3. Avoid using scrolling marquees on your web site. They take the attention away from your ad copy and make your web page load much slower. Those were great in the 90's, but obsolete today.4. Make your web site writing exciting to read. You can use emotional words, descriptive wording, highlight keywords with color, etc.5. You must allow your visitors to sign up for
Some CFD platforms will allow you to place a “market order” when the market is closed, and enter the CFD the next morning at the opening price, or the first traded price after the market opens. On some of these platforms, these are known as orders to “enter at open”. Again, this is important for those who need to place their orders all in the evenings.
7. How are your stop loss orders actually filled?
With CFDs you can place automatic stop losses, which is a great advantage of trading CFDs, but how are they filled? With many CFD trading platforms, as the underlying stock price falls through your stop loss, you'll be exited over a market weighted price if there's inadequate liquidity at any one price point. So you may experience some slippage at times. With other providers, you'll get out if the underlying stock simply trades at your stop price, which will reduce the possibility of slippage.
However, with other providers, the entire volume of your position has to trade at a single price point in order for you to exit. This means that you may get significant slippage or may not exit the trade at all that day.
With these providers, you'll need to check carefully each day, that the positions that you're supposed to be out of, has actually been exited. Although now, many platforms fill stop orders this way are providing more features to help you exit, such as specifying a price below a sell stop that you'd like to exit even if there's inadequate liquidity at one price point. So check carefully what the CFD platform rules are, when it comes to stops.
So there you have it.
You now have the 7 points that you must know, when choosing a CFD trading platform. They're essential to your ability to trade your CFD trading system as intended, to make the profits that your CFD system was designed to make!
There are 5 more keys to choosing a CFD trading platform, available from the website that's in the resource box at the bottom of this article.
So go there now to grab these 5 more keys on how to choose a CFD trading platform!
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