well I was really polite, but these bushies attacked first, by saying go fuckyourself hey listen, I have a right to defend myself
Ok Madrid9 let's compare the CFD's you trade (Commission Cost + spread cost) with the same futures contract (Commission Cost + Spread Cost). Rather than pointing fingers lets actually see what the benefit would be.
List your broker as well so it can be confirmed. I have a few accounts that I use but lets look at Global Futures and Interactive Brokers to compare with your CFD broker. Edit. Global Futures doesn't publish commission rates so we can use IB if you prefer even though GF offers higher margin for daytraders.
alright fine. this is how it works I have 200:1 leverage, now, of course its idiotic to use it all. but if you have a good edge that works albeit opportunity shows up only 3 times per month you can use this leverage to really make serious money even though spread is high and others have high commission, still its well worth it
generally speaking people who make 300 percent a year consistently do not attack the character of people they barely know.
CMC broker, originaly from UK you can check their site http://www.cmcmarkets.ca/commission_charges.html
well I was really polite, but these bushies attacked first, by saying go fuckyourself hey listen, I have a right to defend myself
So what do you trade? I'm trying to give an example. How about something that would be traded in the Futures markets. S&P 500 for example.
I can buy 1 ES contract with $500 in margin, and $1.71 in fees and commish. That 1 ES contract is the equivalent of 500 SPY. To buy 500 SPY would cost roughly $70,000. Thus giving me 120:1 in leverage. Plus, the spread is only 1 tick. So, I should be envious of you because?