The CFD provider must make it easy for customers to trade CFDs. The trading platform costs that are to be charged to customers must also be a reasonable one so that customers can trade frequently and have multiple transactions. Normally it is a flat fee charged per month and this fee includes news articles, technical charts, and provision for placing orders as well as display of real time prices for the open positions as well as balances.
Reputable CFD providers would be in a position to offer a CFD trading platform that enables rapid trading so as to benefit their customers. They have developed such systems after taking feedback from customers who are regular CFD traders. Customers are thus able to control their portfolios much better and are able to execute trades in keeping with the stock market movements. Since every second matters in the stock market, a good CFD trading platform has to support applications that have speed as well as accuracy in order to provide customers with that edge over others.
If you have to identify the parameters or vital components a good CFD trading system must have, then the following would emerge.
a) Power – The system has to be powerful, yet stable and needs to be backed by 24x7support so that there is absolutely no downtime anytime.
b) Speed – Customers should be able to execute trades rapidly with single clicks of the mouse.
c) Flexibility – The system must be able and adaptable such that a variety of market orders can be placed. These can range from OCOs to If-Done, Good Till Canceled, Good For Day and so on. It is this variety and flexibility that customers trading CFDs are looking for as it would give them the time and breathing space to plan their trades. They also need not act in panic and get out of positions for fear of a sudden drop in the market and using these different types of orders can take advantage of market movements accordingly.
d) Control – The trading platform has to have software that places the control in the hands of the trader and can be relied totally. Moreover, monitoring of setups should also be possible through windows that can be customized as per need. The above parameters are by no means exhaustive. They are just four of the basic components that a good CFD trading platform must have and most reputable providers do ensure that their system has all of the above and more.
CFD Trading 