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Personal Finance
Australia, Featured Work, Personal Finance - Thursday, December 1, 2011 9:24 - 0 Comments
Diary of a CFD Trader
Smart Investor, December 2011
How should a novice approach contracts for difference? For speculation or for hedging? Quick gains or safety? To find out, Chris Wright took a trail of a CFD platform during the most volatile month since the GFC
Monday September 5
It’s been a characteristically miserable day in the markets: the ASX 200 down 2.2% at lunchtime, Asian markets faring worse. The market chat is about miserable US economic data while the fate of European sovereign debt lurks in the background like a hangover. It’s against this backdrop that I key in my password and login to IG Markets for a month-long trial. I’ve been given $20,000 of mock capital (“regrettably, it’s not real”, IG’s Chris Weston tells me as he sets up the account) and I will paper trade until I think I’ve figured it all out.
To see the article as it ran, click here: diary1 diary2 diary3
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