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Jun 4, 2020 • 5 tweets • 3 min read
Currently, there are over 100 forex and CFD brokers on the market, all with their offerings and trading platforms. So how do you find a great broker? What to look for and what what providers to avoid?
cfdspy.com/cfd-brokers/
#cfd #cfdbroker #trading #trader Image
Regulation. Make sure your CFD broker is regulated by some prominent regulator such as FCA (UK), ASIC (Australia), Cysec (Cyprus), or FSB (South Africa), your CFD provider should be regulated by at least one of those regulators.
Avoid unregulated brokers at all costs.
Range of markets. With so many CFD trading companies, you are spoiled with choices and have the right to go for a broker which offers all the financial markets you want to trade but remember, just because a brokerage offers over 10k markets doesn't mean it's the best.
#brokerage
Spreads and overnight financing charges. These 2 charges play an important role in your trading, the lower they are the less commission you get to pay.
Remember, CFD brokers are there to make money as well.
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CFD Spy Profile picture
Oct 14, 2020
CFD trading stands for Contracts For Difference and allows investors to trade on a wide range of markets.
But when it comes to choosing the right broker... What should you look for? What make a great and reputable CFD broker?
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1. Regulation. Make sure your contracts for difference broker is regulated by FCA or other respected regulatory authority. Remember, you money could be at risk if you trade with a dodgy broker.
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Are you already trading in CFD or a beginner? CFD is a popular derivative trading product. It allows you to speculate on the financial markets, which include shares, forex, commodities, etc.
This thread show the advantages of CFDs.
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Trading In Rising & Falling Market
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CFD Spy Profile picture
Aug 11, 2020
When it comes to CFD or forex trading, it's important that you deal only with reputable and regulated brokers; there's no need to cut corners and hope for the best, just go with the best.
Where's what you're looking for:
#CFD #cfdbroker #forexbroker

cfdspy.com/cfd-brokers/ Image
1. How are the spreads? are you satisfied? Shop around as there are so many brokers to choose from. A bit of leg work will save you time and money.
2. Happy with the range of markets? That's where you really have to dig in and investigate. If your CFD or forex broker does not provide the markets you trade then what's the point even if they have low spreads?
Read 8 tweets
CFD Spy Profile picture
Jul 17, 2020
You may often hear professional and successful CFD and forex traders talk about a trading plan. What what is it? Do you really need one?
The short answer is "yes", you need a trading plan.
In this thread we cover a few fundamentals.
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1. You need to set up your trading targets. What do you want to achieve trading forex or CFDs (or any other financial market)? You need to set realistic and feasible objectives and adhere to your plan throughout your trading.
#forex #cfd #target
2. Once you're ready to trade, surely you'll need to employ some strategies, they might be short and long term strategies depending on the time you have but it's vital to come up with the strategies you'll be using for your CFD trading.
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CFD Spy Profile picture
Jul 16, 2020
Why is it that some CFD traders manage to make profit consistently when most of the retail traders lose money?
Are experienced traders better at research or sticking to the trading plan?
A few essential CFD trading tips in this thread.
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1. Have a trading plan.
What is that you want to achieve? What instruments you want to trade? Do you set out your entrance and exit levels before you enter the trades? It's important to have a trading plan and stick to it no matter what.
#tradingplan #plan
2. Don't over-leverage.
Keep your leverage in check. If you have only enough money to risk 1 trade then you're definitely over-leveraging and just one bad trade will wipe you out. Ideally, you don't want to use more than 5% of your funds on any one trade.
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May 24, 2020
When it comes to financial markets and CFD trading, it makes you wonder how some traders manage to consistently make profit while so many around fail miserably.
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Manage the risk. CFDs and other leveraged products are very risky and thus should be treated as such. Never underestimate the risks and tread with caution. Risk management should be high on your agenda if you want to consistently make money on the financial markets.
Read 5 tweets

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