CFD trading mistakes
Things I've recently learnt trading CFDs for Gold - Cash.
- Don't trade against the trend
- Don't trade without stop losses
- Don't enter a position in the same direction as an existing losing position
- Trade with a take profit that is sensible, don't be greedy
- Be prepared to exit trades
- Have an exit point in mind when buying
Here are my other general rules that I use for trading CFDs. [link] coming soon.