I am fairly new to CFD trading and would be grateful for some advice.
I started with 3K and after 10 trades, 2 panic closures and one badly placed stop loss have cost me 650.
Nevertheless my current position with one open trade on MSY is break even.
Anyway, given last weeks buoyant market I assume I should have acheived more?

I would be gratful for any comments on the above, however my main question to you relates to Deal4Free. I am currently trading through Barclays and paying a hefty commission on each trade.
After reading through various messages on this site visiting the deal4free site logic tells me I should open an account with them. However, I do not feel confortable in doing so without understanding how they make a profit, and I cannot find anything on their site in this respect.

Querto - Thanks for the good advise.
I note that the break even point for me was not intended to be the point at which i exited the trade, just an accurate value of my position. The Barclays platform provides a contantly updating screen showing current open positions. It also shows the current profit/loss position of each CFD. Unfortunately this data is based on the stock mid price and does not include commision costs. On low priced stocks this can be significantly missleading.

Following my last post I have downloaded demo versions of trading platforms for CMC & Etrade, (following SC comments). I must say that although Etrade carries a commission charge, the platform seems far more useable and it comes with level 2 data.

I'm now drawn towards this one which still represents a significant saving over barclays commision rates.

RayHank - Drop croc an email - he'll be able to get you a preferential comission rate.