Simply put, anyone can trade CFD’s.
In order to trade, all you need is an active internet connection. This wasn’t always the case, CFDs used to be traded ‘over the counter’,
Traders were being subjected to high fees and commissions, because they were obligated to have a broker from a major financial institution trade for them.
Only people with the extra money needed to cover those expenses could traded CFDs.
However, something changed in 2008. Technological advances meant that trading platforms could be established online,
Thus eliminating the need for those financial institutions.
The ability to trade multiple assets across various instruments became possible- and all from the comfort of your own home.
The Securities and Exchange Commission deemed these online trades across exchanges acceptable and people flooded the online brokers.
Retail CFD traders, individuals who are trading their own money for themselves, make up the vast majority of traders, after accounting for the activity generated by the largest banks.
Secure and comfortable trading conditions combined with a risk management features mean that investors of all backgrounds can feel safe while placing orders.
It is much easier to manage risk with CFDs than with traditional trading choices, mainly because the risk can be managed automatically.
Additionally, the fee structure is transparent and there are no hidden commissions or tricks.
Since the CFD market is open continuously from Sunday at 5pm EST to Friday at 5pm EST, opportunities are available 24/5 and there are hundreds of assets to choose from on the platform.
Everyone can find an instrument with which they will be familiar and wish to open a position on.
The time flexibility also means people can trade at different hours, no matter where they are in the world.
Knowing that they can trade anytime, anywhere attracts traders who might have never thought they had the time to invest in the market.
Whether you are a novice or advanced trader, CFD trading has something to offer you. For novice traders, CFDs are especially easy to understand and have simple risk management strategies to put their minds at ease. More advanced traders who have a strong understanding of technical and fundamental analysis can put this knowledge to good use.
Anyone can profit when trading CFDs. All you need to do is get started!