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CFDs For Dummies, Australian Edition

Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
CFDs For Dummies, Australian Edition by David Land is a comprehensive guide for understanding and trading Contracts for Difference (CFDs) within the Australian market. It offers insights into the mechanics of CFDs, risk management techniques, and effective trading strategies. The book also explains how CFDs can be used for both speculative purposes and hedging, making complex financial concepts accessible to both beginner and experienced traders.
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Format: Paperback / softback
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

If you're keen to understand the intricacies of trading contracts for difference in the Australian market, this book offers comprehensive guidance tailored to both beginners and experienced traders. It demystifies complex financial concepts with clear explanations and practical advice, making it a valuable resource for anyone interested in boosting their trading skills and strategy knowledge.

Book Hero thinking about your next read

Perfect for beginner investors looking to strat out and internediate investors wanting to enhace their knowledge. Australian author.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Created especially for the Australian customer! Take advantage of the best features of these versatile derivatives. CFDs enable you to have control over a wide variety of financial products for just a fraction of their underlying value. But with their potential for higher return also comes higher risk. CFDs For Dummies gives you clear advice on how to make the most of these exciting products while managing your risk at all times.

Diversify your portfolio and increase your trading opportunities – trade across various financial instruments, including shares, foreign exchange, indices, and commodities, within Australia and internationally.

Use stop-loss orders and position sizing – manage your risk by knowing how much you stand to lose if you get a trade wrong, before you even open it.

Develop your trading strategy – analyse your trading behaviour, develop a trading plan, and track your progress.

Work out short- and longer-term trading strategies – hold your positions open for only a few hours, or over several months.

Take advantage of short selling strategies – make profits in a falling market, or hedge your overall portfolio against short-term losses.

Open the book and find:

  • How much to leverage your trading account
  • How to manage trading across different time zones and get some sleep!
  • Strategies to invest in commodity CFDs such as oil CFDs and gold CFDs
  • Ways announcements and news releases can affect prices – and how you can manage this through your trading strategy
  • How technical analysis can help you identify trading opportunities
  • Whether you really need to spend a lot of money on your charting software

Book Details

INFORMATION

ISBN: 9781742169392

Publisher: John Wiley & Sons Australia Ltd

Format: Paperback / softback

Date Published: 02 July 2010

Country: Australia

Imprint: For Dummies

Audience: General / adult

DIMENSIONS

Spine width: 27.0mm

Width: 142.0mm

Height: 216.0mm

Weight: 250g

Pages: 320

About the Author

David Land has been involved in the financial markets for well over a decade, working in stockbroking, analysis and education. He is a regular commentator on market conditions and trading and investing strategy, and holds a Master of Applied Finance from the Macquarie Applied Finance Centre.

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