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Anyone here trading CFDs?


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Anyone here trading CFDs?

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  #1 (permalink)
Lord Sidious
Portugal
 
 
Posts: 91 since Apr 2012
Thanks: 8 given, 15 received

So, guys, anyone here trading CFDs?

I do. Have you guys been sucessful?

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  #3 (permalink)
 Beljevina 
Toronto, Canada
 
Experience: Advanced
Platform: NinjaTrader, MT4
Broker: Amp/CQG, Citibank
Trading: CL, GC, 6E, ES, TF, EURUSD, GBPJPY, AUDUSD
 
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Lord Sidious View Post
So, guys, anyone here trading CFDs?

I do. Have you guys been sucessful?

At times, I trade gold and oil on a MT4 platform. Other than a larger spread, (4 cents on oil, 60 on gold) and thus slightly different prices, the only real advantage is the ability to take fractional positions. I heavily use volume, and it is a completely different beast in the world of CFDs. 99% of the time, I am using my NT7 futures charts to determine entries and reasoning. But ultimately, what you see in the underlying futures instrument, will reflect on the CFD chart (as far as MAs, support/resistance, etc. are concerned). Personally, I sometimes find it helpful and refreshing to see a different chart in a different platform, with different views and different indicators on it (if any), to give me a "aha" moment.

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  #4 (permalink)
Lord Sidious
Portugal
 
 
Posts: 91 since Apr 2012
Thanks: 8 given, 15 received


Beljevina View Post
At times, I trade gold and oil on a MT4 platform. Other than a larger spread, (4 cents on oil, 60 on gold) and thus slightly different prices, the only real advantage is the ability to take fractional positions. I heavily use volume, and it is a completely different beast in the world of CFDs. 99% of the time, I am using my NT7 futures charts to determine entries and reasoning. But ultimately, what you see in the underlying futures instrument, will reflect on the CFD chart (as far as MAs, support/resistance, etc. are concerned). Personally, I sometimes find it helpful and refreshing to see a different chart in a different platform, with different views and different indicators on it (if any), to give me a "aha" moment.

Well, unfortunately, my broker doesnīt provide volume trading futures, only stocks...! The spread of oil of mine is 6 cents and for Gold 50.

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  #5 (permalink)
 Beljevina 
Toronto, Canada
 
Experience: Advanced
Platform: NinjaTrader, MT4
Broker: Amp/CQG, Citibank
Trading: CL, GC, 6E, ES, TF, EURUSD, GBPJPY, AUDUSD
 
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Posts: 350 since Sep 2010
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Lord Sidious View Post
Well, unfortunately, my broker doesnīt provide volume trading futures, only stocks...! The spread of oil of mine is 6 cents and for Gold 50.

It's hard to believe brokers are allowed to get away with that. I believe it is a purposeful attempt to further decrease the odds against it's clients, and borders on criminal withholding of information. Interestingly, CMC Markets - a market maker in many CFDs - has (had?) a fancy (java) platform that provided no volume levels for ANY instrument - they simply deemed it unnecessary to let their clients see any volume, while making the platform look impressive in other ways. I let them quickly know what I thought about that; I left them speechless, but then again, that's what they pay their frontline sales folks for, which I'm sure is about as far as my feedback went.

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  #6 (permalink)
Lord Sidious
Portugal
 
 
Posts: 91 since Apr 2012
Thanks: 8 given, 15 received


Beljevina View Post
It's hard to believe brokers are allowed to get away with that. I believe it is a purposeful attempt to further decrease the odds against it's clients, and borders on criminal withholding of information. Interestingly, CMC Markets - a market maker in many CFDs - has (had?) a fancy (java) platform that provided no volume levels for ANY instrument - they simply deemed it unnecessary to let their clients see any volume, while making the platform look impressive in other ways. I let them quickly know what I thought about that; I left them speechless, but then again, that's what they pay their frontline sales folks for, which I'm sure is about as far as my feedback went.

Yes, itīs a shame. But believe me, I donīt know many brokers, here, but mine is the one that has the most competetive prices/spreads/comissions.

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  #7 (permalink)
 mrphr 
London
 
Experience: None
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Posts: 255 since Apr 2011
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I start out by trading stocks on CFDs with IG Index and I encourage everybody who are just starting out in this business to trade stocks on CFDs instead of trading forex, futures, options or even buy the real stock, you may get your dividend but you will need to have a lot of margin... On shares CFDs you trade with much less margin, so you can control your risk much better and you can buy more stocks. Just do not buy too many stocks or try day trade it; And trade on the montly, weekly and daily time frame.

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  #8 (permalink)
 Abde 
Germany
 
Experience: Intermediate
Platform: FlatTrader
Broker: GFT and Interactive Brokers
Trading: ES, DAX
 
Posts: 532 since Aug 2010
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Lord Sidious View Post
So, guys, anyone here trading CFDs?

I do. Have you guys been sucessful?

I trade only CFDs and just the DAX. For me itīs more lucrative than trading the future. But I use IB data with NT for charting. I get a leverage of 200 and 1 point (2Ticks) spread. The CFDs rate is identical with the future rate which is rare. Just mention this because there is a lot of crap out there

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  #9 (permalink)
Lord Sidious
Portugal
 
 
Posts: 91 since Apr 2012
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Abde View Post
I trade only CFDs and just the DAX. For me itīs more lucrative than trading the future. But I use IB data with NT for charting. I get a leverage of 200 and 1 point (2Ticks) spread. The CFDs rate is identical with the future rate which is rare. Just mention this because there is a lot of crap out there

Guess if you trade few contracts, spreads arenīt that expensive.

I trade Wall Stree Index. My brokers has a 2 point spread. I usually trade 3 contracts, hence, €6 (Wall Stree 1€ per point) of spread. Itīs good because if have a move of 50 points, for example, I have a good profit and a small comission. TradeStation broker does $1.20 per contract (<300 contracts). Thatīs cheaper than my broker spread for Wall Street Index.

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  #10 (permalink)
Heart
Munich Germany
 
 
Posts: 7 since Oct 2009
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Abde View Post
I trade only CFDs and just the DAX. For me itīs more lucrative than trading the future. But I use IB data with NT for charting. I get a leverage of 200 and 1 point (2Ticks) spread. The CFDs rate is identical with the future rate which is rare. Just mention this because there is a lot of crap out there

you're trading CFDs (Dax) with IB?!

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  #11 (permalink)
 Abde 
Germany
 
Experience: Intermediate
Platform: FlatTrader
Broker: GFT and Interactive Brokers
Trading: ES, DAX
 
Posts: 532 since Aug 2010
Thanks: 2,141 given, 726 received


Heart View Post
you're trading CFDs (Dax) with IB?!

No. I trade GFT GlobalMarkets UK CFDīs via the german introduction broker FXFlat.

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  #12 (permalink)
Heart
Munich Germany
 
 
Posts: 7 since Oct 2009
Thanks: 199 given, 1 received

Ok, so only charting with Ninja and IB feed, trading complete different plattform through FXFlat. Thanks for reply

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  #13 (permalink)
cfdtrader
Beijing China
 
 
Posts: 4 since Aug 2012
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Trading CFDs mainly on commodities, indicies and a few stocks as a hedge. Booker is DFmarkets at the moment but opened account mainly for a test run, wanted GFT but was a pain on DD.

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  #14 (permalink)
 Rumburak 
Norway
 
Experience: Advanced
Platform: NinjaTrader
Broker: NT,Continuum
Trading: Down Jones Mini or USA30 Micro
 
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Posts: 12 since Jan 2010
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Abde View Post
No. I trade GFT GlobalMarkets UK CFDīs via the german introduction broker FXFlat.

Are You still on this platform?
Hot it is going? Does it hang up? Or miss connection?
Work it fine?

I’m trading on CFD in Poland its a broker under one polish Bank... Alior Bank.
Brokerage House - Alior Bank

To open account there You need to travel to Poland and do it self in a bank.

Spreads are similar like in GFT. I’m trading only USA30, and spreads on this instrument are form 1 -4 where 1 is in trading hours and 4 after.

Platform AliorTrader is based on NT version 1.
Has something like superdynamic DOM called Matrix

Platform unfortunately hangs up sometimes and miss connection
Anyway i make money on live account and started just with 4000 $
So i think CFD is a future for private people like me.
But I need something more stable.

So what is Your experience with that platform You are talking about.

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  #15 (permalink)
 Abde 
Germany
 
Experience: Intermediate
Platform: FlatTrader
Broker: GFT and Interactive Brokers
Trading: ES, DAX
 
Posts: 532 since Aug 2010
Thanks: 2,141 given, 726 received


Rumburak View Post
Are You still on this platform?
Hot it is going? Does it hang up? Or miss connection?
Work it fine?

I’m trading on CFD in Poland its a broker under one polish Bank... Alior Bank.
Brokerage House - Alior Bank

To open account there You need to travel to Poland and do it self in a bank.

Spreads are similar like in GFT. I’m trading only USA30, and spreads on this instrument are form 1 -4 where 1 is in trading hours and 4 after.

Platform AliorTrader is based on NT version 1.
Has something like superdynamic DOM called Matrix

Platform unfortunately hangs up sometimes and miss connection
Anyway i make money on live account and started just with 4000 $
So i think CFD is a future for private people like me.
But I need something more stable.

So what is Your experience with that platform You are talking about.

Yes Iīm still on this platform and been very comfortable with. I never had any hang up.
Once in a blue moon it loose connection, but reconnecting takes approximately one minute.

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