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Learn to Trade CFD in the Australian Market With Online Trading Tools
Mar 08, 2012 (03:03 PM EST)
SYDNEY, March 8, 2012 /PRNewswire/ --
With the potential to maximise trading potential, trading education courses and tools can help Australian traders to both learn and build confidence when CFD trading.
City Index Australia offers online trading tools and educational material to help traders and investors enhance their financial knowledge - imperative for managing risk whilst trading.
Setting the benchmark in trader training, City Index Australia has understood the importance that knowledge has when trading.
Here we take a closer look at the online trading tools available.
Webinars have been developed by City Index Australia to cater to traders of all levels and trading style.
So, whether new or experienced; you can build your knowledge and confidence with real trading strategies and education from real traders.
We suggest launching your trading education with a two-part webinar. Here, you will be guided through vital areas, including trading:
Upon completion, a four-week programme is available, with each webinar divided into four easy-to-manage two hour sessions, covering both topical and practical content.
Here is a brief overview of the four-week programme:
Week 1: Surviving the learning curve
The first webinar will brief you on the use of risk management in your trading plan and how to make trading fit around your life.
Week 2: Technical Trading, the right tools
Week two aims to make sure that you're applying the right analysis to your trading.
Week 3: Advanced Technical Analysis and Trading Strategy
In this third week, you'll take the technical tools learnt in the previous week and build them into solid strategies that can be applied to a range of markets, in any timeframe.
Week 4: Mentoring
In your final week, you'll have the opportunity to get feedback and insights into your progress in the real trading world.
Demo Trading Account
Having learnt the basics through the above webinars, you'll be looking to start CFD trading. However, taking that first step can be a daunting - as well as risky - one without practicing first.
Opening a demo trading account with City Index Australia let you put their trading platform through its paces, as well as your own new-found skills.
Custom-built, their platform is easy to use, allowing you two weeks free access and a $10,000 virtual cash balance to trade with.
Test your trading theories and knowledge across the important parts of their trading platform, to help you get a better idea of trading and your personal trading style before you open an account or trade a cent.
Those new to trading are advised to regularly set aside time to check their positions and manage their demo trading account. This will allow them to achieve a greater, more realistic, understanding of CFD trading in the Australian market.
Trading CFDs on margin carries a higher level of risk, and may not be suitable for all investors. The possibility exists that you could lose more than your initial investment. You must ensure you fully understand the risks. You don't, or may not own the underlying asset.
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
City Index is a leading global provider of margined foreign exchange and CFD trading. As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. To learn more visit: http://www.cityindex.com.au/
SOURCE City Index Australia