Free Seminar
HomeTrader's Free Introductory Seminars are held weekly in 5 capital cities around Australia. Come along and learn how the stock market works, how to buy and sell shares and CFDs and how you can trade from home. Everyone is welcome, you don't have to have prior knowledge of the stock market or trading to attend. Register now!
NewsAustralia Experiencing Contract For Difference (CFD) BoomHomeTrader Media Release, 27 June 2007More and more share traders are trading Contracts for Difference (CFDs) to make the most of the strong growth in the Australian share market while it continues to rise. In the past five years since CFDs were first introduced in Australia the number of companies offering services for these leveraged products has grown to over 25. Figures released today by HomeTrader, one of the countries largest financial market educators revealed that almost all of their most active clients are now trading CFDs compared to only a handful five years ago. HomeTrader Managing Director, Jason Davis said, “Since their introduction in Australia, CFDs have become one of the fastest growing financial products to enter the Australian market place.” “CFDs are providing traders with the opportunity to leverage their returns without the complications of other derivative products such as futures, warrants and options. The relatively simple nature of CFDs has accounted for the rapid acceptance by the retail market and has driven the growth of the industry.” “All a CFD does is amplify the outcome of a share price movement. Outcomes can be positive and negative and a CFD is not biased either way. Being a profitable CFD trader is no different to any other financial instrument. You need a real edge in the market which is a repeatable strategy that exploits a market inefficiency to produce a net profit over the long term.” Davis is recognised as an expert in quantitative trading strategy design and is often a guest speaker at share trading conferences internationally. Davis has been responsible for providing profitable edges to many CFD traders. Six years ago Jeff Collins, a teacher living in Adelaide, began his formal share trading education through HomeTrader and he has experienced great success trading CFDs. In 2006, Collins made a 172% return on his $20,000 float and in 2005 he saw his float grow by 80% trading CFDs. Bathurst businessman and former farmer, Hamish Thompson, is now a full-time trader and operates eight different trading systems simultaneously to maintain a consistent return irrespective of the market conditions. Thompson said, “The secret to my success has been education and patience.” One of the pitfalls that Thompson cautions potential traders about is making sure they take enough time to learn and understand what they are doing. “Investing your time in education will pay dividends later,” said Thompson. |
