August 31, 2009
Am I better to trade forex using the normal way or by using CFDs (Contracts For Difference)? Please advise?
William M asked:
I am going to be 18 in 6 days and I want to become a forex trader for my favourite currency pair; GBP/USD. I already have an ordinary forex trading practice account with leverage and stop-orders and take-profits and things. I have also looked into other options such as using CFDs (Contracts for Differences) to trade the currency pair with. I feel that using CFDs would be more interesting than using normal forex trading, and I could trade stocks with them at the same time as well. What would you suggest out of the two here? Would I be more liquid using ordinary forex trading than using CFDs? Which is better would you say?
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I am going to be 18 in 6 days and I want to become a forex trader for my favourite currency pair; GBP/USD. I already have an ordinary forex trading practice account with leverage and stop-orders and take-profits and things. I have also looked into other options such as using CFDs (Contracts for Differences) to trade the currency pair with. I feel that using CFDs would be more interesting than using normal forex trading, and I could trade stocks with them at the same time as well. What would you suggest out of the two here? Would I be more liquid using ordinary forex trading than using CFDs? Which is better would you say?
Free Trading Lessons
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