Hello everyone today i found a broker which allows me to trade forex and indices like snp500 and Dax but the problem is the chart broker is showing to trade is slightly different then the real one bcz its cfd market i know there are a lot of experience traders are here which have might traded them or not so what do you think should i trade cfds or they are just luck
Fantastic you managed to use zero comma and zero full stop cfd price is different from futures price also because cfd bid offer spread is wider than a mile you should try to trade futures asap as the bid offer spread is soo wide you can't earn money from day trading cfd broker is guaranteed to earn money from the day traders good luck
There are decent brokers that offer CFD. And the bid/ask spread spy etf/cfd it's the same if using one of them. CFD has an overnight cost. It's useful for new traders that don't have future access/permission and retail traders from Europe who can't trade USA ETF directly. Also, in the UK, "spreadbetting" is a free tax trading solution for retail, legally seen as gambling (free tax). Spreadbetting is done with cfd.
Like cesfx said there are many good CFD brokers around that have some good offers. There are some like td365.com that offer relatively low fixed spreads (great for volatile times), there are many that have 0 commissions on indices and commodities. No data fees, no exchange fees, can offer higher leverage, no forced buy ins when the broker wants its Shorts back There are some overnight funding costs when trading on margin but they are usually relatively small (might be worth considering if you are going for a carry trade) Side note: A lot of brokers advertise super tight *minimum* spreads but are often much wider in reality. You can check the spreads in real time by viewing the same instrument on Tradingview from different brokers. Eg: Compare XAUUSD - Oanda, Pepperstone, IC markets, FXCM, etc.
i found broker name exness they offer all major pairs/indices and stocks to trade through cfd with no commission but overnight carry amount which is minimal and i can manage but the main problem is the chart snp500 is different then the real one and also opens when the us markets are closed i will show you with screenshots. the trading view charts is the real snp500 which is closed because us market isn't opened yet on the other hand snp500 in broker which is name us500 is different and it is still open to trade i cant understand what is going on?
i don't believe anyone should worry about comma and full stop unless its a formal conversation. but those who notice these things in the middle of no where are those who does have time to argue
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