Hi

My plan is to open an account with the minimum 2k needed @ deal4free.com and trade in CFDs. Initially I will only concentrate on LONGs, as this seems to be less riskier than the SHORTs. My understanding for a LONG is:

1. You pay interest @ LIBOR + 1.5% on daily basis.
2. There are no commissions
3. 5 to 10% margin
4. Dividends will be credited

Is there anything else I ought to look for? I believe the SHORTs are the opposite.

My intention is not to spend more than 150 per trade. Then I got to work out how long can I have the position open before I call it a day. The intention is to make a quick net profit of 100 within 30 days of opening each position.

I have downloaded the trial software. It freezes everytime I try to run it.

So to summarise, I do not have deep pockets. I can not afford to get Level 2 at present as I have to look after each penny. I am only interested in UK stocks at present.

Any thoughts?

Thanks in advance, Manoj

Ranaweeram: I am a s/b player but would love to see haw u are getting on as the next step for me is cfds aswell.

rgds
zarif