Where to get ASX CFD Trading Advice

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CFD trading is quite a new notion to a large amount of traders and investors in Australia, which is understandable given the workings of CFDs are very different to conventional equity trading. Having an advisor or trading mentor who is able to explain the concept of CFDs and help you to identify buying and selling opportunities can often be a very safe way for new CFD traders to gain exposure to financial markets.

There are a lot stockbrokers and financial advisors in Australia who are able to help traders and investors looking to enter the stock market, however very few have in-depth knowledge and understanding of CFDs and how they can easily be used not only as a hedging instrument over a stock portfolio but also as an ideal way to gain exposure to international shares, commodities, indices and forex pairs.

Several CFD brokers are able to offer you basic CFD trading advice and tutoring however lots of them won't offer you CFD trading recommendations. There are however some CFD providers who are able to provide you with advice and trading recommendations, itís these CFD brokers that often also specialise in other aspects of financial services including financial planning, corporate advisory and funds management. Trading with a CFD broker that doesnít solely specialise in CFD trading is often a very good idea for novice traders seeking some guidance in managing their trading portfolio and understanding the risks and benefits CFDs.

Trading with a CFD broker such as IC Markets who provides an extensive variety of products and services has a number of advantages in that you will be assigned an individual account manager with whom you are able to liaise with daily and ask questions. If you require additional services like being contacted in the event of a trading idea you can also elect this, however you will be charged a higher commission rate when utilizing this service. Frequently extra benefits like being able to take part in extremely sought after placements and IPOís will also be provided.

In many cases receiving CFD trading advice advice will cost more than buying and selling for yourself on the web, however the added commission costs are rather insignificant when you consider the benefits and are a great deal cheaper than the loses that lots of novice traders suffer when placing orders with out a well thought out trading plan or strategy.

Ahead of buying and selling CFDs either over the internet yourself or with a CFD provider like IC Markets who is able to offer you CFD trading advice it is vital that you understand not just the advantages of CFD trading but also the hazards. Time and again beginner CFD traders fail to understand that although the gearing related to CFD trading can result in gains it may also lead to large losses, that is why having an understanding of risk management is critical.

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