2019 is looking to be a year that will see tremendous growth in the field of CFD trading in Vietnam. With commodity markets all increasing in value, as a CFD trader, you can enjoy having a variety of instruments to trade! This derivative domain has immense potential, and done rightly, you can move to trading contracts full-time and make consistent winnings every day. Like every coin has two sides, CFD trading does too. Advantageous as it is, the risks it carries are scarily destructive!
Employing the right trading strategy and following a disciplined approach will ensure losses are at a minimal, and profits are consistent. Listed below are the several advantages and risks you will experience as a CFD trader:
Advantages of CFD Trading 2019:
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| CFD Trading in Vietnam 2019 - Pros & Cons |
1) Trade Both Ways: Irrespective of whether the market is rising or falling, you get to make money. CFD trading allows you to capitalize on both bullish and bearish trends, making it an incredibly flexible field! With the necessary indicators in place and a thorough session of analysis done, you can catch the precise points to open and close your position on.
2) Hedging: As a CFD trader, you need not close your trade out of approaching risks, you can simply hedge them against another trade. When a losing trade is, on one hand, you can open a position in the opposite direction, thereby balancing the loss or even making a little profit in the process!
3) Marginal Trading: You can control a CFD position of $10,000 with just $500 when the broker margin requirement is 5%. With just a little capital, you can make huge winnings! In this case, with a $500 investment, you can make $10,000.
Risks in CFD Trading 2019:
1) Overleveraging: Thinking CFDs are a means to get rich quick, traders end up leveraging beyond necessity only to lose the little made. Leveraged losses are no joke! When you over-leverage, the losses you incur will easily blow up your account. With a suitable stop order in place, however, you can minimize these risks.
2) No Voting Rights: CFD traders don't have the right to vote on stocks. This means you take what you are given, making trading a rigid field for you! A regular stock broker can influence the company and said stocks, but a CFD trader can't.
As a beginner, CFD trading is undoubtedly going to be overwhelming. Aspects like trading strategies, leverage, stop orders, etc, might go over your head! Sign up with an established broker, and enhance your CFD trading game today. Call WesternFX, and avail our best-in-class contracts solutions and services. Assisted by our experts, you can enter trades fearlessly, and emerge victorious throughout! Come; let's dominate CFD trading in Vietnam!
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