29226 Oct 2010 18:37
Depends on the waitress.......and the deal!
CFDs only done a few, but Im using same principle as you property guys use with rising houses.
% deposit on shares, shares go up take out deposit, new equity is your deposit, buy more shares........
Its risky as you leverage and sudden blips and youre out, thats why need stable shares but growing.
I used GCM first, I now use CHAR- GCM the swings down were too wild.
Day trading use spreads, only FTSE 250, need liquidity and volume, and tight spread.
No tax and good leverage, for XTA I put down 5%, so £200 spread gives me £4000 holding , a 2 % swing gives me £80. Still learning want other shares to track but dont have time.