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ForexYard now provides traders with access to CFD trading! The below information is taken right off of their website:
:fl: click here to visit ForexYard's website
:fl: click here to read ForexYard review on Forex-Central
:fl: click here to see ForexYard's spreads and the trading instruments that they offer
CFD Trading with ForexYard
Ever wanted to profit from the rise or fall of Crude Oil or the NASDAQ index? Trading in CFDs, or Contracts for Difference, gives you this ability in a click of a button with no hassle or complexity of trading with a futures or stock broker. CFD trading allows traders to enjoy all the benefits of owning a commodity or index without having to physically own the actual instrument itself. To put it simply, you can buy an index if you believe it will rise in value or sell if you think it will drop. Just like buying and selling forex!
Much like trading in the foreign exchange (Forex) market, CFDs are instantaneous exchanges of contracts between buyers and sellers with an agreement to exchange the difference in value upon closing the contract. So you can buy (go Long) or sell (go Short) any index or commodity with no worries of strange and difficult to understand rules prevalent in other markets.
One major advantage of trading a CFD is that it offers great leverage opportunities since the client can trade using margin. CFD trading means clients can trade a full portfolio of indices or commodities without having to tie up large amounts of capital in the process. Traders can also limit and manage their risk by using Stop and Limit orders commonly used in Forex trading.
Stock Indices
FOREXYARD allows the trading of a wide array of market indices which represent some of the most significant markets worldwide. Now you can buy and sell indices like the NASDAQ 100, Dow Jones Industrial, S&P 500, and the Nikkei 225, just to name a few. (See full list of available indices below). All at a click of a button.
Commodities
As with equity market indices, the CFD market also allows for the instant exchange of shares in the commodities market. Two of the most relevant and exciting of these markets - Crude Oil and Precious Metals - are available to FOREXYARD clients operating on a Standard/Pro Trading Account.
Commodities and Stock Indices Available at FOREXYARD
Commodities
Crude Oil
Gold
Silver
Platinum
Stock Indices
DAX 30
Dow Jones Industrials
Hang Seng Index
MSCI Taiwan
NASDAQ 100
Nikkei 225
NSE Nifty Index
Russell 2000
S&P 500
SPI 200 (ASX)
Units of Trade
CFDs are exchanged in quantities which are dependent upon the type of contract being traded.
Crude Oil = barrels
Gold/Silver = troy ounces
Indices = shares
All units of trade among these instruments have been standardized into what's known as a "lot." One lot represents the minimum tradable contract size and will vary by instrument.
Executing a CFD Trade
CFD trading operates in a similar manner to Forex trading. A trader chooses to either go long (buy) or short (sell) on a selected instrument and closes out the trade when acceptable profits have been obtained, or when losses begin to accrue. As with a Forex trade, the number of lots opened can be chosen by the trader, and Stop and Limit orders are at the trader's disposal both before and after opening the trade.
Advantages of Trading CFDs with FOREXYARD
Since FOREXYARD provides some of the most actionable liquidity in the market today, clients enjoy instant execution of CFD trades;
Trade with up to 200:1 leverage;
Take advantage of features similarly used in Forex trading like Stops and Limits;
Enjoy our competitive spreads and low margin requirements; and,
We offer 24 hour Dealing Desk support for any questions or comments.
:fl: click here to visit ForexYard's website
:fl: click here to read ForexYard review on Forex-Central
:fl: click here to see ForexYard's spreads and the trading instruments that they offer
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