How is it done?
We at 24option have created a user friendly platform that makes CFD trading accessible and convenient, just follow the screen from left to right:
Remember the stakes
- Enter trading platform
- Choose CFD from the upper toolbar
- Choose the CFD you want to trade on the leftmost column on the screen. You can use the filter to control what CFDs you see: All, Indices, Forex, Stock or Commodities.
- Choose the direction you wish to invest in. The numbers within the Buy/Sell buttons represent the points needed to be passed for a successful trade. i.e. if the number in Buy is 1.1158, then your trade must be higher than 1.1158 when the trade closes to be considered a successful trade, if the trade closes lower than 1.1158 then your trade is not successful.
- Choose when you wish to place the trade. To the right of the Buy/Sell column you will find the Trade/Order box. If you wish the trade to commence immediately, choose trade. If you wish for certain events to transpire for a trade to be made, and you don’t wish to physically wait for them to occur, then choose order and insert the criteria needed to be met for your trade to take place.
- The graph on the right shows the asset’s movement. When in the green, its value is “In the money.” If it’s red, its value is “Out of the money.”
The main difference between trading binary options and trading CFDs is that when trading CFDs your potential return or loss will increase or decrease in accordance with the difference between the start value and the closing value. To find out if trading CFDs is right for you, please contact your account manager or click here for further details.