CFD Trading is essentially like trading shares, you will only need a little upfront money which still controls the whole situation. CFD Trading gives a different way to guess on shares in global markets. When entering into a trading contract the parties to trade agree to only settle the difference between the opening price and the closing price of shares involved, at the end.
Important CFD Trading tips:
1. Research. Stay updated with company information, chartings, news, etc. to make informed decisions.
2. Diversity is key. Diversifying into many sectors lets you take various long and short positions. Position in an index is better than in individual.
3. Set Trading Targets. Have a clear entry and exit target. One for a profitable trade, another for losses.
4. Cut your Losses. Set an amount you are comfortable loosing. Sometimes trades are going to lose, so fix an amount before you actually make the trade and follow this. Otherwise place stops.
5. No Over-Trading. Decide what works for you and stick to it even though you might have the ability to trade more.
CFD Trading, though quiet similar to trading, requires attention and research. Also, do not be emotional- take a loss for loss and profit for profit and don't be over-confident or disappointed.
Everything You Need To Know To Invest In COMEX Like a Pro!
While investing in COMEX, you must study the risks to be avoided before you start spending your valuable money. More importantly, know your options. Here is a list of everything you need to know to invest in gold like a pro!
You have 3 options when it comes to gold investment:
1. Mining Stocks: Instead of buying gold stocks, buy shares in companies that mine gold and silver.
2. Exchange-Traded Funds (ETFs):...
What are Shariah compliant stocks? Shariah compliant stocks are those stocks whose income is not derived from businessed involved in activities prohibited by Shariah. The prohibited sectors include interest based financial institutions; manufacturing, distribution and sale of potable alcoholic beverages and narcotics; processing, distribution and sale of pork and pork related products, meat and products of other animals killed in a non-halal manner; gambling and tobacco.
The stocks are screened for Shariah compliance by using some screening norms. This is done...
