CFDs For Dummies, Australian Edition - David Land - Bog

Created especially for the Australian customer!

Take advantage of the bestfeatures of these versatilederivatives
CFDs enable you to have control over a wide variety of financial products for just a fraction of their underlying value. But with their potential for higher return also comes higher risk. CFDs For Dummies gives you clear advice on how to make the most of these exciting products ΓÇö while managing your risk at all times.
Diversify your portfolio and increase your trading opportunities ΓÇö trade across various financial instruments, including shares, foreign exchange, indices and commodities, within Australia and internationally
Use stop loss orders and position sizing ΓÇö manage your risk by knowing how much you stand to lose if you get a trade wrong, before you even open it
Develop your trading strategy ΓÇö analyse your trading behaviour, develop a trading plan and track your progress
Work out shortΓÇô and longerΓÇôterm trading strategies ΓÇö hold your positions open for only a few hours, or over several months
Take advantage of short selling strategies ΓÇö make profits in a falling market, or hedge your overall portfolio against shortΓÇôterm losses
Open the book and find:
How much to leverage your trading account
How to manage trading across different time zones ΓÇö and get some sleep!
Strategies to invest in commodity CFDs such as oil CFDs and gold CFDs
Ways announcements and news releases can affect prices ΓÇö and how you can manage this through your trading strategy
How technical analysis can help you identify trading opportunities
Whether you really need to spend a lot of money on your charting software