CFDs (Contracts for Difference) is a simple and highly effective form of online investment. It is used to speculate on the future movement of market prices regardless if they are rising or falling. Trading CFDs with 10trading allows you to build a diverse portfolio of more than 1,000 underlying assets, such as forex, stocks, commodities and indices.
The 10trading platform allows you to open and close a CFD position whenever the markets are open. If you believe that an asset’s price is about to rise, you open a “Buy” position. If you think that an asset’s price is about to fall, you open a “Sell” position. The entire process takes less than a minute and you can constantly monitor your trading progress at any given time.
Opening and closing CFD positions on the 10trading platform is quite simple. To open a position, please follow these steps:
- Select the asset you wish to trade on.
- Fill in the amount (units) you wish to invest in.
- Determine to go long “BUY” or go short “SELL”.
- Set your stop loss/take profit parameters.
- Click the “Invest” button.
If you wish to close a position, please follow these steps:
- Go to the “CFD Open Positions” tab and select the position.
- Hover your mouse on the “Market Rate”.
- Click the “Close” button.
- Click “Confirm”.
No. There is no need for any previous experience in order to start trading CFDs with 10trading.
We provide up to X200 leverage on major indices assets.
An entry order is an automatic instruction to open a position when the market price reaches a certain level. It is used when you expect an underlying asset to get to a certain price, but don’t have the time to constantly monitor the market.
You can open an entry order position by simply logging in to your account and selecting the “Entry order” option right next to “Trade” on the 10trading platform.
A take profit order is an automated risk management tool used to specify the exact rate or market price a trading position will be closed at in order to lock in a profit.
A stop loss order is an automated risk management tool used to specify the exact rate or market price a trading position will be closed at in order to minimize potential losses.
Your maintenance margin can be found right below the “AVAILABLE MARGIN” figure on the 10trading platform.
A rollover is the interest paid or earned for holding an open CFD position overnight.