CFDs are a FAKE market.. dont be fooled..
henry766 said:
The only issue i have with cmc is that it's very hard to get a stock bet on near the open , as for the platform I don't think it's too bad , i never use brokers charting , am usually tradestation or metastock and would never trust any bookie with limit orders left in the market , after all if the spread widens for some reason , your asking for trouble .
Hi Henry.. I hear you.. so very loud and clear.. this is the one major problem of ALL participants in either spreadbetting or CFDs in that the real issue is the broker or bank making money out of you not just by the fees or even the spread but also in the difference they offer you a market and the difference they themselves can gain access to the market... (and that is discretionary too, so one day your trading goes unnoticed the next they have you earmarked because your making them lose money!!!!!!!! CHARLETANS all of them really.. its a scandal)
CFDs are not specifically a market on thier own... I mean when you place a CFD trade, the company offering the CFD does not go out to the wholesale market and then either place your "CFD" trade in a CFD market either through an exchange or between other brokers as I originaly thought when they say CFDs are an Over the counter product (OTC........OTC my A@@
. in the real spirit of the term OTC IT IS ABSOLUTELY NOT AN OTC PRODUCT (THEY ARE NOT TRADED BETWEEN BROKER FIRMS)
IN FACT CFD PRODUCTS are completely PROPRIETARY PRODUCTS !!! they are not an asset outside of the copnay that offers them to you !!! THEY ARE SIMPLY A STANDARD ADOPTED BY BROKERS, OFFERING THEMSELVES THE OPPORTUNITY TO "MAKE A MARKET" (WHICH ALWAYS MEANS FAKE MARKET THAT WILL BE REMOTELY LIKE THE UNDERLYING BUT IN REALITY NEVER IS EXACTLY IF THERES TOO MUCH MONEY TO BE MADE OFF YOU).
Now..... we all know that the best money in a market is made usually at market opening.. however I have tried unsuccessfully to participate in many opening market moves using CFDs and spread betting firms unsuccessfully because many of them do something very very strange to the opening breakout profile of the best indiceis that display this behavior e.g. the AXJO index from Australia. I can hardly find any CFD provider (remember these are Fake markets dont be fooled by the fact that you are using a DMA tool.. its a lie!!) that will alloe me to play the opening breakout of this market adequately without manipulation. e.g. Yahoo clearly showed the opening breakout profile rise of up to 45 points over the first 10 minutes. The platforms I used were flat at a predetermined hike in the market price on opening... after 10 mins the markets offered by CFD only declined until about 1 hour to 1.5 hrs later when the behavior of the CFD index began to resemble the profile of the underlying......DUDES THIS IS HOW THEY WORK.. STOP SPREADBETTING USING INDECIES THAT ARNT REAL (AND BELIEVE ME ITS NOT OBVIOUS SO ASK AND BE CLEAR ABOUT IT ) DEFINITELY AND USE CFDS WITH CAUTION
ok BY NOW i BET YOUR ALL SURPRISED RIGHT?.. HMMM... I WAS ASTONISHED!!!!!
All these claims about making a market simply mean they are offering you not only the doped horse but the racecourse too AND SO YOU ARE UNWITTINGLY STOPPED OUT EARLIER THAN EXPECTED OR LEFT TO RUN ON UNEXPECTEDLY DESPITE SETTING YOUR STOP LOSS.. BURIED DEEP WITHIN THE LITERATURE ARE CAVEAT LIKE "THE ACTUAL MARKET MAY DIFFER SLIGHTLY FROM THE UNDERLYING"... IS 40 POINTS SLIGHT??
YOU HAVE NOW BEEN WARNED... THIS IS WHY FED UP WITH THE INDUSTRY I WILL ONLY USE STOCKS OPTIONS AND FUTURES TRADES FROM A REPUTABLE BROKER AND EXCERSIZE EXTREME CAUTION WITH CFDS AND SPREADBETTING COMPANIES AND THEIR PRODUCTS....
LET EVEYONE KNOW WHAT IS GOING ON... EVERY CFD BID -ASK IS COMPLETELY DIFFERENT BETWEEN COMPANIES OFFERING THEM DEPENDING UPOBN THE WHIM OF THE COMPANIES OBJECTIVES TO INCREASE OR DECREASE THE PERCIEVED VOLATILITY OF THIER OFFERING OR TO CLIP AWAY AT MARKET OPENINGS TO STOP YOU MAKING MONEY AND ALLOW THEM TO PROFIT FROM IT..... ASTONISHINGLY BAD FORM
