Advantages and Risks of CFD Trading – Learn to Trade CFD Better in 2019

2019 is looking to be a year that will see tremendous growth in the field of CFD trading in Vietnam. With commodity markets all increasing in value, as a CFD trader, you can enjoy having a variety of instruments to trade! This derivative domain has immense potential, and done rightly, you can move to trading contracts full-time and make consistent winnings every day. Like every coin has two sides, CFD trading does too. Advantageous as it is, the risks it carries are scarily destructive!
 
Employing the right trading strategy and following a disciplined approach will ensure losses are at a minimal, and profits are consistent. Listed below are the several advantages and risks you will experience as a CFD trader:
 

Advantages of CFD Trading 2019:

 
CFD Trading in Vietnam 2019
CFD Trading in Vietnam 2019 - Pros & Cons
 
1) Trade Both Ways: Irrespective of whether the market is rising or falling, you get to make money. CFD trading allows you to capitalize on both bullish and bearish trends, making it an incredibly flexible field! With the necessary indicators in place and a thorough session of analysis done, you can catch the precise points to open and close your position on.
 
2) Hedging: As a CFD trader, you need not close your trade out of approaching risks, you can simply hedge them against another trade. When a losing trade is, on one hand, you can open a position in the opposite direction, thereby balancing the loss or even making a little profit in the process!
 
3) Marginal Trading: You can control a CFD position of $10,000 with just $500 when the broker margin requirement is 5%. With just a little capital, you can make huge winnings! In this case, with a $500 investment, you can make $10,000.
 

Risks in CFD Trading 2019:

 
1) Overleveraging: Thinking CFDs are a means to get rich quick, traders end up leveraging beyond necessity only to lose the little made. Leveraged losses are no joke! When you over-leverage, the losses you incur will easily blow up your account. With a suitable stop order in place, however, you can minimize these risks.
 
2) No Voting Rights: CFD traders don't have the right to vote on stocks. This means you take what you are given, making trading a rigid field for you! A regular stock broker can influence the company and said stocks, but a CFD trader can't.
 
As a beginner, CFD trading is undoubtedly going to be overwhelming. Aspects like trading strategies, leverage, stop orders, etc, might go over your head! Sign up with an established broker, and enhance your CFD trading game today. Call WesternFX, and avail our best-in-class contracts solutions and services. Assisted by our experts, you can enter trades fearlessly, and emerge victorious throughout! Come; let's dominate CFD trading in Vietnam!

Top 5 Tips to do Successful Forex Trading in Vietnam

Forex trading is a truly daunting experience, not just for beginners, but established traders too. This is because it is one of the most volatile trading grounds, where almost anything can happen! One minute your trade might be going incredibly well, the next minute it sees a sharp downtrend. Understanding the various nuances of Forex trading will take time and knowledge is best gained with experience. 
 
As a beginner in this immensely lucrative field, there are some basics you should know, that will help you thrive the chaotic currency markets.
 
Here are 5 tips to follow as a Forex trading beginner: 
 
Tips for Successful Forex Trading in Vietnam
Tips to Make Better Forex Trading

 1) Always Preserve a Portion of Your Capital: When you're starting off, preserving your capital comes first. Bad trades don't announce before occurring; it is always best to be prepared. Let's assume you're working with $5000, save $1000-$1500 from it and only use the rest for trading. This helps you stay protected in the event of a losing trend and serves as risk investment.
 
2) Strategizing is the Most Important Aspect of a Trade: Forex trading victory is something that can only be achieved through the implementation of a comprehensive strategy. A trading plan monitors everything from the get-go; starting with the entry points, up until exiting a trade and avoiding losses. As a beginner, tune your focus into mastering the art of strategizing and implementing it in real-time.
 
3) Take Losses but Learn from Them: The more you try to avoid loss, the more the chances of incurring. Some trades are meant to end bitter, they can't be stopped. Even with a strong stop order in place, bad trades will make their way in. Take losses as a part of your endeavor, but learn from them. What caused the loss, how it can be avoided, find the answer to such questions and better your approach!
 
4) Stick Through Trades: Giving up halfway through a trade will be a regrettable decision. Several traders stop their exchange midway upon seeing a lack of profits. Though the most liquid market, Forex has no guarantee that every trade will work in your favor! Be patient with trades, and stick to your Forex trading strategy till the end.
 
5) Never Keep Expectations: When you're just starting Forex trading in Vietnam, your expectations from the markets should be nil. As a newbie, there is little you know, and with this little, housing expectations is a bad idea. Profit or loss, participate in trades nevertheless! Equip yourself with a strong strategy, learn markets to the best of your abilities, and expect nothing!
 
With these simple, yet effective tips, you can begin Forex trading in Vietnam right away! The final tip to perfect your beginner's approach is finding a reliable broker. Call WesternFX today and hire from our arsenal of experts! With our proven Forex trading strategies at your disposal, victory will come in no time!