Hi All
I am new to CFD and more interested in day trading. hence, I would need to take profit at short period of time. However, I am very confused on buying and selling CFD.
I noticed that buying price is always higher than selling price. Let say if placing order to buy, and aiming for long. If this is the case, then i will immediately make lose as the current price is always lower than buying price.
For some reason, the current price is always the selling price. It will take quite a long time for some trade for the buying price go above the price I pay when placing order.
Because of this, I am so confused how to make profit from buying long position.
Any suggestion and advice are very welcome
best regards
Welcome to share trading.
Sell price is always lower than buy price. If the sell price was higher then you could buy, immediately sell at a profit, buy again and repeat infinitely for infinite profit.
2 Likes
Thank you for your explanation.
Could you share some advice on how to make profit on CFD for day trading?
I noticed that I will immediately make a loss if I place an order regardless buy or sell. I believe this is due to the spread
I am looking for a quick turn around for profit.
many thanks
I am still very confused with CFD
The screen print above show me place Sell order at 9.1589, but the close price is now 9.1551. I expect to take some profit, because I play short
why does it still show I am making loss?
regards
Is it because you put in another SELL order , where you should have CLOSED the one you had? I think you hit an X.
There’s a youtube which covers this - the one saying never use CFDs!
