An Introduction to CFD and FX Trading

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  • Venue:  City Index Asia Pte Ltd,   6 Battery Road, #20-01   S(049909)      
  • Date:     25th September 2012 
  • Time:  7-9pm 

 

Any inquiry, please approach

Rebecca Goh
Relationship Manager
City Index Asia Pte Ltd

6 Battery Road, #20-01
Singapore 049909
 
Telephone: +65 6826 9988
DID: +65 6826 9951

Email: Rebecca.goh@cityindexasia.com

 

Special Promotion & Rebate.

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Special Promotion from City Index CFD

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I am using City Index for my stock trading. Currently City Index has very attractive promotion on top of the very low commission.  Don’t miss this opportunity and you can contact Rebecca.goh@cityindexasia.com to open an account to enjoy this promotion. She is also organising a training session  on 11th of September 7-9 pm to help beginners understand CFDs and FX better, as well as going through the platform. Please send Rebecca an email to register this FREE introductory training session.

 

1) CFD Promotion:

From 3 September – 28 October 2012, you can benefit from receiving SGD 80 rebate on every eight qualifying trades made through your City Index account. *TERMS AND CONDITIONS APPLY. During this period, you can receive up to a maximum of SGD 240 as a rebate.

To start receiving your rebate from City Index, simply login to your CFD trading account and place 8 qualifying trades on SGD denominated share CFD of your choice.

For every 8 qualifying trades, we will rebate SGD 80 to your CFD trading account.

A Qualifying trade is a trade that creates a new open position on a SGD denominated share CFD.

 

2) FX PROMOTION (For USD Based, Fixed Spreads Acc).

From 3 September – 30 November 2012, you can enjoy up to USD 7.50 cashback per standard round turn, with no cap on the amount of cashback you can earn. *TERMS AND CONDITIONS APPLY. Simply login to your forex account and trade as normal. If you meet the volume threshold in a month’s trading we will automatically allocate your cashback to your City Index trading account. It’s as simple as that.

 

Please contact Rebecca Goh directly (Rebecca.goh@cityindexasia.com) if you need more clarification. I can’t answer your questions here because I am not from City Index.  

Continue ReadingSpecial Promotion from City Index CFD

Good Lesson Learnt on My CFD Trading (Shorting)

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Disclaimer: The information shared below is not a recommendation to buy or sell. Readers should not copy any strategy here because everyone has different trading psychology, greed and fear threshold, holding time frame, risk tolerance and perception of the market direction.  The information shared below is not a show off and BS that I am a guru. I am just a ordinary retail investor or trader who just started using CFD to short the stock market recently. My portfolio is a snapshot when the profit is the maximum. I have closed some of the positions when I write this post. I have shared what I have done wrong of my past trading and this post is to share what I have done right. I am using this opportunity to document my trading strategy so that I can continuously improve my win rate and consistency.

First time to see my portfolio all green when the stock market is red…. i.e. I am shorting the stocks. (Sell High First, Buy back at low later). What I have done right:

  • Study the stock chart and candlestick everyday after market close. Note: I am not using MACD, RSI, etc technical indicators to time my entry. These Technical indicators are lagging indicator.
  • I pay close attention when the stock price trades close to the resistance level and starts to turn down. I also look at any “gap down” oppportunity to short the stock.
  • Only enter a trade where there is a clear chart pattern or candlestick pattern.
  • Always calculate the profit potential vs loses risk before entering a trade. Profit Potential must be bigger than Losses Risk.
  • I set stop loss for EVERY trade. I get burnt many times when I did not set stop loss in my past trades. Setting stop loss will let the machine takes over my emotion when the stock price does not go towards the direction I am hoping for. I am very disciplined this time to let the machine to “auto-close” my trades.
  • I analyse the chart every day and review my stop loss. I move my stop loss to protect my profit and make sure I don’t lose money as first priority. It is OK not to make money in a trade but never lose money. Always remember Warren Buffet’s Rule #1: Never Lose Money, Rule #2: Don’t forget Rule #1.
  • I set my profit target in every trade but monitor closely everyday if there is trend reversal candlestick. I will close my position immediately if there is a reversal pattern.
  • Be VERY Discipline and follow through trading plan as much as possible.
  • Let trading plan to take over my emotion.
  • It is not possible to 100% get all the trades right. I have learned how to lose small money consistently for wrong trade and make more than 50% profit for right trade.

Welcome for any additional comments to help me to improve my CFD Trading.

Continue ReadingGood Lesson Learnt on My CFD Trading (Shorting)