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IG will offer me, here in Australia, 5% margin on shares (20x leverage), 0.5% margin on forex (200x leverage), 0.5% on indices, and form 0.7-4% on commodities [
by toomanybeersies 8y ago
IG will offer me, here in Australia, 5% margin on shares (20x leverage), 0.5% margin on forex (200x leverage), 0.5% on indices, and form 0.7-4% on commodities [1].
I set up a demo account a while back, and it's pretty impressive the amount of money you can quickly make (and lose) with CFDs. It was possible on a $30,000 capital to make (or lose) over $1000 per day.
I'm a pretty risk averse guy, and also can't be bothered doing enough market research that short term trading is a sensible idea, so I didn't end up investing any real money.
[1] https://www.ig.com/au/cfd-trading/charges-and-margins https://www.ig.com/au/cfd-trading/charges-and-margins
- kgwgk 8y ago> It was possible on a $30,000 capital to make (or lose) over $1000 per day. Maybe there is a typo in your example? Making or losing 3.3% in one day does not seem that impresive...
- toomanybeersies 8y agoI was trading while I was still at work doing my real job, so I wasn't putting 100% of my attention to it. 3.3% daily (if you could consistently make a profit) is a very good return, think about how fast that compounds. Most savings accounts aren't even 3.3% per annum.
- chronolitus 8y agoHead over to /r/wallstreetbets if you'd like to get a nice dose of adrenaline / heart attack.