Hi readers
How good is that market is hammering up from the time we said it would and I'm sure your all enjoying the great move up , but wise traders know when to take profit while amatures tend to loose them.
Once again please use caution and don't trade against the astrology at the present time, it's very powerful for the next month or two.
To the Australian and UK traders who are using CFDs!
Guys please be careful, they are not for those don't really understand them.
Yes I have and do trade them from time to time.
A few pointers
1. Yes astrology is the ideal tool when trading CFDs as the market makers are looking at the same technicals as everyone else so you do tend to front run the MM.
2. With CFDs don't try and catch the tops or bottoms you never will be allowed, as placing orders allows the computer to alert the MM of a trade so it's best to hit the market immediately without any warning to the MM.
3. You'll notice when someone hits the market immediately the spreads widen to allow the market maker to either arbitrage or hedge the position.Once there is no follow through the market comes back to its spread.
4.CFD are good if your taking a long term view of something, with the leverage you can obtain good value for money as long as you are prepared to loose just as much.
Yes my last trade on NFLX I did with CFDs and shorted everyday a little..40% on the first trade and then 10% everyday after when it was trading higher.
It's these sort of strategies you need to consider before trading.
5. Think about who your trading against and understand that there pockets a way bigger than yours.
Therefore slowly entering trades is better than a one hit play, and exiting immediately is ideal when taking profit.
6. Don't think for a minute that the computer system isn't looking at your trades.
I was in the HSBC trade room 8 days ago, catching up with a friend and believe you me the computer detects every trade certain accounts do. These accounts are the players, while the majority tend to be the suckers, which is better known as the profit centre for CFD providers.
I hope this has helped out many of you considering or trading CFDs.
How good is that market is hammering up from the time we said it would and I'm sure your all enjoying the great move up , but wise traders know when to take profit while amatures tend to loose them.
Once again please use caution and don't trade against the astrology at the present time, it's very powerful for the next month or two.
To the Australian and UK traders who are using CFDs!
Guys please be careful, they are not for those don't really understand them.
Yes I have and do trade them from time to time.
A few pointers
1. Yes astrology is the ideal tool when trading CFDs as the market makers are looking at the same technicals as everyone else so you do tend to front run the MM.
2. With CFDs don't try and catch the tops or bottoms you never will be allowed, as placing orders allows the computer to alert the MM of a trade so it's best to hit the market immediately without any warning to the MM.
3. You'll notice when someone hits the market immediately the spreads widen to allow the market maker to either arbitrage or hedge the position.Once there is no follow through the market comes back to its spread.
4.CFD are good if your taking a long term view of something, with the leverage you can obtain good value for money as long as you are prepared to loose just as much.
Yes my last trade on NFLX I did with CFDs and shorted everyday a little..40% on the first trade and then 10% everyday after when it was trading higher.
It's these sort of strategies you need to consider before trading.
5. Think about who your trading against and understand that there pockets a way bigger than yours.
Therefore slowly entering trades is better than a one hit play, and exiting immediately is ideal when taking profit.
6. Don't think for a minute that the computer system isn't looking at your trades.
I was in the HSBC trade room 8 days ago, catching up with a friend and believe you me the computer detects every trade certain accounts do. These accounts are the players, while the majority tend to be the suckers, which is better known as the profit centre for CFD providers.
I hope this has helped out many of you considering or trading CFDs.
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