123CFD
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123CFD is a free online community for all CFD Traders. We aim to have the most comprehensive source of information for things related to Contracts for Difference. Check out the CFD Overview page for a full introduction into the history, workings and fundamentals of CFDs.
We are currently in the early stages of development and seek your contributions to help build the knowledge of the site.
An area that we think is of great importance is the Trading Plans page. We are looking for experienced and successful traders to post their trading plans/strategies so less experienced traders can learn, and who knows, you may receive some very profitable advice yourself. And please look around other areas of the site and feel free to add to any areas you deem necessary.
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Ban on short selling hits Aussie CFD traders
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UPDATE - ASIC partially lifts ban on Short Selling
The Australian Securities and Investment Commission (ASIC) have confirmed the road map for the lifting the ban on Covered short selling.
ASIC will lift the ban on covered sales of non financial stocks from opening trade on 19 November 2008.
The ban on Covered short selling of financials will continue until at least 28 January 2009.
Naked short selling remains banned.
New categories of Long sales, and Short sales (includes covered and Exempt sales) have been introduced.
Brokers must ask clients whether a sale is a Long or a Short sale. Clients are obliged to inform brokers and brokers must report all Short sales to ASX who will issue a report the next day.
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CONTRACTS-for-difference markets have been thrown into confusion by the Australian market regulator's decision to ban short selling for an initial 30 day period starting Monday the 22nd of September 2008. This followed suit with the US regulator who a week earlier placed a temporary ban on the shorting of financial stocks.
Several CFD providers acted quickly yesterday, stopping clients from taking short positions in Australian shares, while still permitting such positions on commodities, currencies and indices.
The complex products are aimed at retail investors, who agree to exchange the difference in the price of a security between the time a contract is opened and the time it is closed.
The Australian Securities Exchange, which also runs a CFD platform, has instructed brokers to seek guidance from the Australian Securities and Investments Commission.
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Sponsored Articles
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Trading Volatile Markets
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Everybody has felt the US Subprime crash, or the “credit crunch”. It has affected all of the major stock markets in the world, hit some of the largest investment banks and crippled other financial organizations who focus in the lending space both large and small.
There are a couple of things one can do in this time of news driven, manic volatility to help reduce risk and losses.
"Reduce your position sizes, move your stops further away on long-term trades while keeping them tight for day trades, take profits on short-term trades for frequently, and be more patient with longer term positions"
See Trading Volatile Markets for the full article on how to navigate these uncertain times.
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Oil Maintains its Bearish Convictions but Easier Sentiment Trends and Cooler Temperatures Temper Momentum
The wave of risk aversion has receded; but the general current towards unwinding speculative positions was maintained across the capital markets Monday. For crude oil, one of the trading community’s favorite commodities to speculate on, the critical technical break below $72.50 this past Friday has shifted the market’s indulgences for anything bullish to everything bearish.
U.S. Equities Break Key Support Amid Euro Zone Budget Concerns
US markets were choppy in today’s session as investors debated whether to place more weight on analyst upgrades or European government finance concern. Eventually the latter prevailed sending equity markets lower and allowing the Dow Jones Industrial Average to close below 10,000 for the first time in three months.
European Equities Rebound From Worst Week Since March
European stocks rallied today, off their worst week of the year, on an apparent return of risk appetite. Investors drove commodities and stocks higher during the European session, and sold off U.S. Dollars in favor of the Euro.
US Dollar Rally to Continue This Week
The US dollar rally likely continues this week. The rally may even accelerate, especially against the Canadian dollar.
Dow’s Hammer Candle Warns Of Reversal
The Dow briefly broke below 10,000 to a low of 9,835 before retracing and closing back above the psychological level. The resulting hammer candle is typically a reversal sign which could see an extension of the bullish momentum that ended the week.
Asian Stocks Weighed as G-7 Fails to Disclose Detailed Plans, China to Tighten Policy
Asia Session Key Developments
Australia to Provide License Fee Rebates
Hong Kong Shares Fall to Five-Month Low
USDJPY Extends Previous Week’s Advance
Stocks in Asia/Pacific were weighed on Monday as finance ministers attending the G-7 meeting failed to announce detailed plans to tackle the budget woes in Europe, while investors scale back their growth outlook for [...]
Oil, Gold Rebound with Risky Assets but Trend Favors Downside
Commodities – Energy
Crude Selling Stalls as EU Backs Greek Deficit-Reduction Scheme
Crude Oil (WTI) $72.22 +$1.03 +1.45%
Prices are re-testing resistance-turned-support at the top of a previously broken falling channel established from January’s swing high. The correlation between crude and the MSCI World [...]
Dividends Can Help Investors Navigate Volatile Markets Ahead
In light of January’s pullback in U.S. equities, following an uninterrupted nine-month rally, investors are looking to protect their portfolios from a potentially volatile 2010. With the huge losses of 2008 still fresh in their minds, investors appear skittish about their investments going forward due to uncertainties in the business environment such as the tightening of easy central bank policies, the end of government stimulus, and increased government regulation.
