whats the difference between spot forex and cfds?
and also spread betting and is there a site where it tells you everything in detail?
Tags: betting, between, cfds, detail, difference, Everything, forex, site, spot, What's
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May 30th, 2010 at 8:39 am
tradefair.com is pretty good for spread betting info
May 30th, 2010 at 9:11 am
A CFD is a contract between a buyer and a seller, which establishes that the seller will pay the buyer the difference between the current and the future value of a product, at an established date. In case of a negative difference, the buyer pays the seller the aforementioned difference. The CFD trails a certain index, stock or commodity without purchasing them and the profit is made by the previously mentioned differences. The online trading of CFDs within Finexo.com advanced trading platform offers you a high leverage with a relatively small margin, giving you the possibility of fine profits in a short period of time.
The purchase or sale of a foreign currency or commodity for immediate delivery. Spot trades are settled “on the spot”, as opposed to at a set date in the future. Futures transactions that expire in the current month are also considered spot trades.
Also known as “cash trades”.