Thanks everyone for the vital info,
Actually i had opened an account with GCI trading on CFD, and i started trading Dow jones 'cos it had the only volatility worth trading intraday.
I made some profits on the first day, later, when i gained confidence, i started trading big, and lost huge amounts, the problem was there chart and ticks does not match up with the quotes of dow they were always 20 or 40 points ahead or behind the real quote, later i found out that in the name of CFD, they are actually trading Futures on all the indces as a result when i put my trade, the volatility goes down and i loose the trade, i had to wait for three or four ticks of Dow for the futures to go up and down and in the initial trading hours i always loose as they wait 20 poins for the clear up.
Be careful, i enquired with all the major brokers igmarkets and finspreads and almost all other brokers, in the name of CFD, what they do is put you down with futures and you will definetly loose the trade due to the volatility problem in futures.
BE carefull once again, its not CFD, its FUTURES !!, clarify in advance before dealing in any trade !!
The only one clear cut way is through spread bettiing Dow daily cash.
Due to high volatility, i view that daily some money can be made just by trading in late hours on DOW !!
Joules MM1
Thanks, I got your point, i thought CFD and Futures aren't the same or is it ???? cos due to this confusion i lost some 100's dollars
