Rules to Follow for Successful CFD Trading

by Kaylie Phelps

CFD trading is an interesting way to invest your money. In CFD trading, you speculate on the rise or fall in price of a particular asset and if your prediction turns out to be correct, you will profit from the trade. Here are a few rules to follow that will help you in CFD trading.

1. Keep Your Emotions Under Control

Fear and greed are the two most common emotions surrounding CFD trading and investing in general. The “gut feeling” may work occasionally, however, emotional trading can also led to impulsive decisions – which you may end up regretting in the future. Logic works better than emotional trading. Thus, if you start to feel a little overwhelmed, it’s time to take a few moments and breathe deeply before making a CFD trading decision.

2. Don’t Put Your All of Your Eggs in One Basket

Placing all of your investing capital in a single CFD trade is the best way to mess up your chances of success. Diversification is probably the most important rule in investing, CFD trading included. As a rule of thumb, each of your trades should be 2% or less of your total investment capital. This way, you will have plenty of trades – and time – to recover from losses. Additionally, by not risking too much in a single trade you will be more able to follow rule #1. That’s two birds killed with one stone.

3. Understand Your Risk Profile

Not all investors can bear the same risk, psychologically speaking. Usually, investors are divided into three types. These are risk-averse investors, those who can bear moderate risk levels, and those who like risk. Your plan, trading strategy, and goals should be aligned with your risk profile. You should analyze yourself and see how much risk can you bear to take. Then, you should make a specific plan or series of sub-rules for each trade you make that will allow you to preserve your mental tranquility at the same time you trade for profits. Also, there is a direct relationship between risk and profits. The more risk you are willing to take, the more your potential of profits in a trade and vice versa.

4. Use Stop Losses

Using stop losses is the best way to manage your CFD trading risks. Even the most temerarious investors can benefit from them. A stop loss will place a limit on the amount you can lose on each trade. This way, you can keep losses at a minimum. Stop losses should never be too close to the initial buying or selling price as it is normal for the market (or an asset) to have a degree of volatility before following or changing its current trend.

5. Use Both Fundamental And Technical Analysis

Never leave your trades to luck. The two types of analysis that should be done in CFD trading are fundamental and technical analysis. Fundamental analysis involves the checking out of news or events that could have an impact on the value of a particular asset. For instance, when oil price goes up, companies that produce oil will most likely than not go up as well. Thus, a news that signals an increase in oil prices such as an agreement for freezing output among oil-producing countries is an indication that trading a CFD on oil or a large oil-producing company is a good idea. Technical analysis involves patterns and other indicators of the chart of a particular asset. With time, you can master both types of analysis.

CMC Markets is a platform where you can trade CFDs. Their platform can also be used in mobiles so any person can trade and use the innovative tools they provide from his or her smartphone.


How to Budget In your Online Entertainment Hobby

by Kaylie Phelps


People gamble online for a variety of reasons. Some of them are seeking a more special form of online entertainment, others try their luck in gaming for profit. No matter what the reason why they do, gambling over the internet involves money, just like basically any other form of entertainment you can think of. And as such, it needs its place in your budget. Below, I’ll give you a few hints on how to make the most of your online gambling hobby without a major impact on your budget.

First, and foremost, make sure you can afford it

When you gamble, online or otherwise, there is one thing that you must know from the start: you may win, but you may also lose. Casinos offer their players games of chance

, which means that they are completely random, and unpredictable. So, if you plan on playing them for money, you have to understand that you might lose that money. Thus, before getting started, make sure you can afford to lose the money you plan to play with.

When playing casino games, neither winning, nor losing are a guarantee, but you have to be prepared for both of them.

Find the right place to play

Make sure to choose a reputable partner, with games and offers that are fit for you. A gaming destination with a good reputation, a considerable age, and a game library to fit your needs. Like the All Jackpots Casino Canada, for example at

The All Jackpots Casino has a history of over a decade. Launched in 2005, it has worked its way up to its current status of a well-known, and appreciated gaming destination. The All Jacjpots Casino has a selection of attractive bonuses for its players, extending their playtime and putting some more game money in their pockets, and a set of requirements that are not too hard to complete. And a few attractive jackpots, too – but more on them later.

Find the right game to play

If you plan to play for fun, it’s up to you which games you choose – the All Jackpots Casino has enough of them to explore. But if you want to play for profit, make sure you choose the right game, which gives you a better chance to win. Like blackjack or video poker, for example. If you’re not initiated in the secrets and strategies you need to apply, do your homework before digging in.

Be a disciplined player

One of the secrets to being a successful online gambler is discipline. Don’t let yourself be carried away by your wins or losses – these are both surefire ways to empty your pockets. Instead, set limits for yourself – how much you can afford to lose in a session, and how much you plan to win. Once you reach either of these limits, simply stop playing. Don’t chase your losses, and don’t push your winning streaks.

And when you win, withdraw all your winnings, leaving only your initial budget in your account. This way you’ll make sure not to play through all your winnings, and still have cash to play with – and win more.

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