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Author Message  dug Member Username: dug Post Number: 2874 Registered: 07-2005 Rating: N/A Votes: 0 Sunday, February 10, 2008 - 10:31 am:     Weekend Australian had Front Page Headline on the "TERRORS of CFD's" and how the ASX can't be Regulator and Purveyor at the same time. Seems there was some tie-up with Tricom.If I read it right,CFD Longs were sold off to Overseas Hedge Funds as Shorts.Package Deal of small fish into the Maw of a Whale. Also seems the retail end of CFD'ers are not going Guaranteed Stop Loss and are gearing themselves up by the Maximum.5/10% down only at times. Obviously they didn't read Ingot 54 "How to be Sensible with Leverage" etc.After all Ingot had experience playing d'GeeGee's so he knew Caution was required chasing Rainbows. Anyhow,The Yanks have BANNED cfd's so it's all going to get the ruler run over it by ASIC in our Nanny State. My Broker was recently taken over by CMC.They're offering a Special Deal of $10 normal trades for a month IF you open a CFD a/c.I'm looking for another Broker but the Paper Work for a new " Chess Sponsor" is such a pain. Even 'til Jaded. Dig for the sake of it.

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