In the next few weeks I intend to open a CFD trading account using the City Index trading platform. There is an offer on their site now for refering a friend and after 5 trades the referer gets 100.

Is there anyone on here that trades CFD's on this platform and want to refer me as a freind??

Also why is it that people say CFD trading is very risky?

Before placing your bet, work out your liability of the market moving opposite to that which you expect and place your stop loss immediately that you place your deal. Protect you pot. Also calculate running costs (interest charges) of maintaining or closing a position in a sideways trading market.

It is said; "More traders go bust than make money!".