[LINK] Trading Australian Stock Market Derivatives

[Stephen Loosley]

Hi there,

Link may like experience re trading Au Stock Market derivatives.

>From an earlier Link enquiry, one knows that some on Link trade
and perhaps people might like to hear re Link trading experience.

Frankly trading CFD (Contract for Difference) derivatives online is
quite worthwhile. For starters because one can open a net trading
account for any amount, (eg $10), and it's free to open an account,
trading CFDs online is perhaps the most non-class-barrier trading.

Literally anyone worldwide > 18 yrs can trade, with very little money
and, because CFDs are leveraged, (eg, one dollar can get you ten)
one can readily make considerable piles quite quickly. And this can
be with very little risk, (because of stops), of you spending any more
than one ever wants to risk. Of course you must risk some money on
your buy or sell position, but, it need not be more than you determine.

One good aspect regarding CFDs is that you can make money with
downward ASX movements by selling CFD you don't own, and then
buying them back, at the lower price, so restoring your zero position.

For eg, an old acquaintance regularly makes $150+ a day, and, has
for months, and, only keeps the original $1000 outlay in his account.

He spends about an hour or so watching the live stock-price graphs
and when he clicks buy or sell, that's it. Trades are done instantly, at
a price sometimes *way* above what he bought at. He pays a small
comission, and being automated and instant it is small, and pockets
the results. We both do, though I keep more in my account and trade
more, with better returns. The point is, if you've time, it's nice income.

With no reason for saying this, other that it's the truth, imho, probably 
the best 2 online CFD sites around are: www.igmarkets.com.au and
www.cmcmarkets.com.au although there are literally dozens around.

Of course the large banks have CFD trading sites, but in my opinion,
have rip-off trading commission etc rates and are simply not worth it,
even if one can transfer money between accounts, and, earn interest
on one's trading outlay. Anyway what ever you may decide, I care not.

The whole point is, I am aware that net trading this way has recently
now been estimated to factor in between 20 to 30 percent of trading
in Australia, and although this is still a very recent trading arena it's a
good introduction to Australian financial market trading. It is amusing.

If you need additional help in deciding what companies to buy, there's
services such as www.australianstockreport.com.au daily etc reports
who issue their CFD reports daily via SMS and the website. All linkers
whom responded to my RFC agree that their CFD advice is excellent.

Being alpha business people, they can be hard-sell, but, imho, this is
a good thing if they are also giving you very good stock market advice.
Who wants a 'warm-fuzzy' personality stock-market financial advisor? 

Whatever link, I have no ties with any company I have mentioned other
than a normal subscriber experience, but am seriously suggesting that
Linkers who might have been thus far no experience with stock trading
activities seriously investigate this way of online trading for yourselves.

In my experience it's fun, almost risk-free beyond your initial investment
and a great introduction to Australian stock market trading. Your choice.

What ever, Link
Stephen Loosley
Victoria, Australia