MrTradoor
New member
The trouble with CFDs is that you’re not trading a “real market”. You’re trading a product listed by whatever platform you’re using that tracks the thing you’re trying to trade.Thank you for the suggestion.
Yes, I do follow that approach. I trade indice options in local market.
And starting up with ES/NQ futures. For this I only focus during the first hour. Sometimes I observe the market for another half an hour just to see the nuances.
I did have a look at crypto and CFDs but didn't like them much. I've been trading options for a decent time, so eventually have my plan towards that in the US market.
This means the price movements will be more or less the same but not identical to thee real market. If you want to do deep study of a market for patterns you would rather be as close to the “source” or “truth” as possible - which is either the underlying market itself (e.g. stocks if that’s what you’re trading or futures - where institutions and other serious traders trade).
There have been many cases in the past where CFDs can end up scamming people with weird price movements that don’t occur in the real market.
If you liken “chasing profit” in the market to “chasing an animal” - trading CFDs is like chasing the shadow of an animal, rather than the animal itself (which would be the market in this case)