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.
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Get a CMC markets starter pack worth $1999 when you open an account with CMC by end of February. Go to www.cmcmarkets.com.au 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. ASX CFD 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 has introduced a six week training program called Tradesense to introduce new traders into the world of CFD trading. http://www.igmarkets.com.au/content/sites/aum/en_GB/ts_whyjoin.html 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: 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. 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 CMC Markets is extending their free CD-Rom course offer to anyone that sign up before 31 May 2007. The course has a value of $1782. http://www.cmcmarkets.com.au/en/content/open_an_account/special_offer.jsp Some CFD providers are actually white label providers meaning its underlying trading platform is provided by another CFD provider. Fees and charges of the white label provider may vary to the underlying and other services and features may be layered to distinguish it from the underlying provider. Check out the following website that indicates which providers are using white label arrangements. |
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