TraderKing
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Hi,
I'm new to CFD's and hoping to trade US shares although located in UK - Can anyone with some experience comment on any of the following issues (ot indeed any other issues that someone new to CFD's should consider ) please
1. Are there any 'snags' when it comes to using underlying charts,indicators,patterns etc when compared to the CFD instrument price/quotes?
2. Whats the best approach to Market Entry when Swing Trading using CFD's e.g. If the trading rules say "buy on open" and the CFD is trading 24/7 - how does this affect your timing or strategy?
3. Can anyone trading US markets from UK suggest a daily routine or checklist?
4. What would you consider to be 'best practice' on exit strategies with CFD's e.g If swing trading and you notice a price reversal on the (obviously leveraged) CFD, Do you exit immediately, or wait for a trend reversal, or do you treat intraday price fluctuations as normal activity until profit-targets or trend reverses?
5. Do you need to treat your stop strategies differently to the case where you were trading the actual share? e.g. are there different risk and money management factors to consider?
Lastly - are there any good resources, books or articles or tools you would recommend?
Many thanks in advance for any responses
regards
Paul
I'm new to CFD's and hoping to trade US shares although located in UK - Can anyone with some experience comment on any of the following issues (ot indeed any other issues that someone new to CFD's should consider ) please
1. Are there any 'snags' when it comes to using underlying charts,indicators,patterns etc when compared to the CFD instrument price/quotes?
2. Whats the best approach to Market Entry when Swing Trading using CFD's e.g. If the trading rules say "buy on open" and the CFD is trading 24/7 - how does this affect your timing or strategy?
3. Can anyone trading US markets from UK suggest a daily routine or checklist?
4. What would you consider to be 'best practice' on exit strategies with CFD's e.g If swing trading and you notice a price reversal on the (obviously leveraged) CFD, Do you exit immediately, or wait for a trend reversal, or do you treat intraday price fluctuations as normal activity until profit-targets or trend reverses?
5. Do you need to treat your stop strategies differently to the case where you were trading the actual share? e.g. are there different risk and money management factors to consider?
Lastly - are there any good resources, books or articles or tools you would recommend?
Many thanks in advance for any responses
regards
Paul