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CFDs: The Definitive Guide to Contracts for Difference by David James Norman

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3: Managing a CFD Account

This chapter deals with the logistics of choosing a CFD provider, opening and managing a CFD account and trading with the provider’s software.

I have taken the UK provider as an example in most cases, although the same logistical procedures could be applied to other global providers.

Opening an account

As a preliminary to opening a CFD account with any provider you will need to know:

  • What kind of trader you are
  • If the CFD provider is a market maker or agency broker
  • The history of the CFD provider and their degree of solvency
  • The quality of the trading software provided
  • What research is provided
  • What other support services are provided (e.g. educational seminars and 24-hour help desks)

Choosing ...

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