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contract for differences any suggestion for O2 cfd (OOM)     

asimbabar - 21 Apr 2005 13:38

Dear friend
i am new to contract for differences have u got any experience for trading them


my name is asim babar
from uk northeast.
asim

StarFrog - 21 Apr 2005 13:56 - 2 of 3

Asim - if you have never traded in CFD's before I would strongly advise that you do not. They may appear a quick way to make a lot of money, but equally you can loose a great deal if you are not paying attention to price fluctuations 24/7.

Why OOM anyway. They have had a good run of late, but is there really much more for them?

Minx - 24 Apr 2005 12:27 - 3 of 3

Agree, if you have to ask don't touch them.
There are a number of books available that explain all these trading platforms and you should learn the pitfalls and mistakes before you commit. "The Investors Toolbox" by Peter Temple was one of my first ones to read but there are many others.

I personally prefer spreadbets but they are just as dangerous to your wealth if you don't know how they work. Even when you do know how to use them you still have to get the share right as to which way they will go. If you do go ahead don't forget to protect yourself and the effect potential losses if it goes against you.
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