Q. “I see one of the more hidden costs of CFDs is Swaps.
I trade on the Velocity Trader platform and I see the costs are increasing due to Swaps. For some CFDs (eg JSE: BID) is now larger than the actual initial fee for the trade. What exactly are they charging me for here and is there anything I can do to reduce this fee?
If you want to separate the winners from the losers in the world of trading, you need to know and understand your trading metrics. To establish your metrics, you need to have a winning back-tested strategy.
Read MoreIn our trading questions mailbox this past week…. An easy formula to calculate your trading wins and losses; Four ways to build your confidence in Trading
Read MoreYou are lucky to start trading now! I truly believe, the financial markets have never been more accessible, cost-effective, or innovative as they are today. What you have at your fingertips (for practically FREE), I used to pay anything from R7,500 to R25,000 a year for some charting and trading platforms.
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