Hi all,
I am new to day trading and this group, so forgive me if this is a silly question.
I live in Australia and am looking to trade the ASX, however every broker I can find that operates in this region and on this market all offer CFD's. Now it seems to me that CFD's are heavily leveraged against the trader and more in the favor of the broker. So why would anyone wish to trade CFD's?
Do any of you have any thoughts/opinions on CFD's? Does anyone successfully day trade with them? or should I steer clear and stick the US markets?
Thanks in advance
Mark
