In addition to engaging in the business of Share trading, I also intend to trade CFD products such as Currencies, Indices, and Commodities.
These are highly geared product, and so, tight control on risk is essential via using the stop loss mechanism, and conducting the appropriate research and technical analysis before entering each trade.
Trading CFD products can help build your account extremely quickly, but it can also wipe out your account even more quicker. However, it provides a great way to diversify your portfolio if done right.
Tuesday 6 January 2009
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