Introduction to CFDs:
1. A nice man phones you because you filled in the form online promising you can make money.
2. You tentatively accept his kind offer to include you in his scheme and deposit money with his organisation (after some cursory google style due diligence and a call to the FCA)
3. The first month you double your money (the FTSE approaches the magical 7000 - but not quite)
4. Encouraged and bolder, you up your position exposure in terms of trades and leveraged margin)
5. Something called a market gap occurs - the FTSE opens below your stops
6. Grrr - you grit your teeth and climb back on the horse and wobble your way back up somewhere near a marginal profit.
7. An American man from the Fed makes inconvenient inconsiderate remarks about tapering (after the UK stock market is closed)
8. Somebody knows before you that all is not well and a panic sell off occurs (usually decided before the stock exchange opens at 8 am).
9. Depleted but not defeated you press on and score a few points (but never enough to catch up)
10. New phenomena appear: Advice from a broker to go short is an instant signal for the stock to go into orbit; likewise exhortations to go long plummet. The FTSE behaviour only reflects this when it is going down - indeed the short positions thrive in total contradiction of the trend.
11. A stupid Labour politician, an evil dictator with a penchant for Sarin deployment and the man with two Bs in his name (apparently told to wind his neck in) has an affiliate in the deep south who blurts out non market friendly statements... you know the rest
12. The no doubt educated young man at your brokers bullishly declares joy in his dojis, candlesticks, Fibonaccis and Elliott waves and assures you that a cruise ship company is the way forward due to the 6 month candlestick trend pointing thus.
13. When I was a young man in the RAF we had sayings - FOSKID and....********!
1. A nice man phones you because you filled in the form online promising you can make money.
2. You tentatively accept his kind offer to include you in his scheme and deposit money with his organisation (after some cursory google style due diligence and a call to the FCA)
3. The first month you double your money (the FTSE approaches the magical 7000 - but not quite)
4. Encouraged and bolder, you up your position exposure in terms of trades and leveraged margin)
5. Something called a market gap occurs - the FTSE opens below your stops
6. Grrr - you grit your teeth and climb back on the horse and wobble your way back up somewhere near a marginal profit.
7. An American man from the Fed makes inconvenient inconsiderate remarks about tapering (after the UK stock market is closed)
8. Somebody knows before you that all is not well and a panic sell off occurs (usually decided before the stock exchange opens at 8 am).
9. Depleted but not defeated you press on and score a few points (but never enough to catch up)
10. New phenomena appear: Advice from a broker to go short is an instant signal for the stock to go into orbit; likewise exhortations to go long plummet. The FTSE behaviour only reflects this when it is going down - indeed the short positions thrive in total contradiction of the trend.
11. A stupid Labour politician, an evil dictator with a penchant for Sarin deployment and the man with two Bs in his name (apparently told to wind his neck in) has an affiliate in the deep south who blurts out non market friendly statements... you know the rest
12. The no doubt educated young man at your brokers bullishly declares joy in his dojis, candlesticks, Fibonaccis and Elliott waves and assures you that a cruise ship company is the way forward due to the 6 month candlestick trend pointing thus.
13. When I was a young man in the RAF we had sayings - FOSKID and....********!
