Fat Prophets CFD Trading Report

Fat prophets already run popular investment reports on Australian shares, mining shares, and UK shares.
They introduced a daily report in September 2007 which provides CFD trading advice on the equity, fixed interest, currencies and commodities markets.
Their website provides details of the performance of closed trades.

http://www.fatprophets.co.uk/cfd/content.aspx?page=Home

The Trading Game

This is an interesting idea. This website runs a CFD trading game which mirrors the real market but lagged. This will allow traders to test their skills before they use real money. http://www.tradinggame.com.au/

ASX CFD Seminars

ASX is running series of free seminars commencing in February 2008.
Don’t miss these seminars as they a valuable source of useful information if you are a beginner.

http://asx.com.au/investor/cfds/education/seminar.htm

CMC Markets Starter Pack

Get a CMC markets starter pack worth $1999 when you open an account with CMC by end of February.
The start pack contain 6 CD ROM, a bonus $100 to use as rebate for commissions and financing cost. As part of the pack a 3 month free subscription to daily reports on market research.

Go to www.cmcmarkets.com.au

CFD Trading Advice

I have come across some websites which provide CFD trading advice.Share Select provides a CFD select trading advice service which provided trading advice through SMS alerts.Wise-Owl provides a weekly derivatives report which contains a section for CFD trading strategies.Subscription to either of these packages is about $900 per annum respectively.

http://www.shareselect.com.au/

http://wise-owl.com/Report-Info.asp?report_id=3

ASX CFD

ASX CFD
ASX has started listing CFD contracts operated by the SFE. ASX CFDs are available on the top 50 stocks, global indices, selected commodities and currencies. The contracts will be more transparent than over the counter CFDs with greater investor protection.

Before you can start trading ASX CFDs you must sign up to a participating broker, the list of brokers are as follows:

ABN AMRO Morgans, Bell Potter Securities Limited, Commonwealth Securities, First Prudential Markets, MF Global Australia Limited, Morrison Securities Pty Limited, OMFinancial Limited, Sentinel Financial Group, Trader Dealer.

More info: http://asx.com.au/investor/cfds/index.htm

IG Markets Instructive Programme

IG Markets has introduced a six week training program called Tradesense to introduce new traders into the world of CFD trading.
The program delivered in three parts. The first part gives an overview of the financial markets. The second part introduces trading execution, leverage and margin. The third part delves into the psychology of trading.

http://www.igmarkets.com.au/content/sites/aum/en_GB/ts_whyjoin.html

Macquarie Prime CFD

Macquarie has introduced a new CFD trading platform that brings together potential tax and cost efficiencies for active traders.

One significant cost efficiency is achieved through offsetting funding of long and short positions. For example if you are long 500k and short 250k in Macquarie Prime you will pay interest on the net funding balance of 250k. The interest rate is a flat rate applied to the net funding position while in regular CFD providers there is a spread between borrowing and lending costs which is applied to the long funding position and short funding position separately.

For more details visit:
http://www.macquarie.com.au/emg/prime/home.htm

Dividend Capture Funds

A dividend capture fund employs an investment strategy whereby it invests in high yielding stocks before the ex-dividend date and exits the investment after the dividend has been paid. This strategy is particularly attractive for US investors which are eligible for 15% discounted tax rate (full rate 35%) if the stock is held for more than 61 days.
An investor looking for more regular income can in effect receive up to 6 dividend payments (365/61) per year using this strategy compared to a long position on a typical quarterly dividend paying stock.

ATO Ruling on CFD for Self Managed Super Funds

ATO has released a ruling on use of CFDs for SMSF. The ruling basically allows the use CFDs in a SMSF for hedging pruposes.

Although the SIS Regulations specifically disallows SMSF from taking a loan (eg margin loan) a CFD is considered to be a contract between a CFD provider and investor to make contractual payments rather than repayments.

Additionally as long as no charge is made against the assets of the fund the use of CFD is permitted. The cash held in a CFD bank account is not considered a charge against the asset of the fund.

Interesting decision indeed.

http://law.ato.gov.au/atolaw/view.htm?docid=AID/AID200756/00001

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