Hi, I work as a consultant mainly in the CFD market and also actively trade CFDs. I noticed that while there are core threads on the forum for most things there isn't one for CFDs.

I'd like to start a thread and use it to discuss some of my trading ideas and also chat about brokers etc.

With quite a few new brokers entering the market over the last year or so and new products like SIPP CFDs I think there is a lot to talk about, so over the coming months I look forward to some good chats.

Regards,

Andrew
edited by moneyam(we do not allow advertising)

What does everyone think about Carnival. Good trading performance from the company, but to me the shares are starting to look very fully valued - trading on 21x forecast earnings. I think if the market rallies into the New Year and takes these shares to 33 or higher it has to be a CFD short. I would not take a large short compared to my normal trading sizes, but it certainly looks worth taking a smaller position especially as profit taking is going to kick in at some stage soon.

Andrew

What profit and stop-loss limits do you use, blue index said they use a 2%stop and a 4% profit limit, what would you use for Carnival.

CFDD
What commission do you think the average trader should be paying for UK Equity CFD's for both direct access and normal trading.

Lets say an average trader does 8 trades a day (4 buy, 4 sell)

Sorry for the delay in replying to you.

Firstly on Carnival, I use a 5% stop loss. 2% is too tight and will result in you paying far too much commission!

Jeff

On CFD trading you will normally pay around 20 basis points DMA and 10 and upwards for normal quote driven trading.If you were trading in reasonable size, say 10,000 and upwards there is probably some room to negotiate these rates down.

HTH

Andrew
Edited MoneyAM: No Advertising as per previous edit

What does everyonne think about Boots. Made a nice turn yesterday going long on CFDS when the shares sold off 20p and came straight back again. The results looked good first thing in the morning, but as always the market sold off until they received some analysts comments. I think they have further to run over the next few weeks especially with a yield of close to 5%.

Andrew
Edited MoneyAM: No Advertising as per previous edit