10 Critical CFD Trading Lessons Discovered From Turning $2,000 Into $10,000

Grab These CFD Trading Lessons And Put Them Into Action On Your CFD Trading Account Today

On the 17/12/2009 I had an account balance of just $2,138 in one of my CFD accounts.  Around two months later on 15/2/2010 the account balance was $10,095.  This is a gain of 372% in two months.  That might seem impossible, but it did happen, as you can see in the equity curve below.   And as proof I can show you my broker statements.

Lesson 1 – The Power of Setups

If there is a 96% probability that the market will move higher, are the odds in favour of you making money?  Absolutely!  I will show you the setup I used to kick start this profit and how you can take advantage of the same opportunities yourself. 

Lesson 2 – Making Money With CFDs Should Be Easy

Making money with CFDs should be easy.  You certainly don’t have to dig ditches or clean toilets to get paid, but for many people trading may appear to be difficult.  Making money in the markets comes down to a simple choice.  Learn how to make that choice to dramatically improve your success rate. 

Lesson 3 – Admit Your Mistakes

Knowing when to stop is more important than knowing when to start.  This is both from an individual trade perspective and also from an overall perspective.  It is ok to take the day off, but it is not easy to recognise when to do this.  It is a lot easier after the event, than during.  Find out how to manage your trades and your overall drawdown to limit the emotional impact of losing trades.

Lesson 4 – Using the Barbell Portfolio to Protect Your Capital

Learn how to use the Barbell portfolio approach when trading CFDs as suggested by Nassim Taleb in his book “the Black Swan”.  Find out how you can use this approach to balance risk and reward with CFDs.  In the words of Nassim Taleb “investors not only underestimate the probability of an extreme move, they also underestimate the size”  

Lesson 5 – Embrace Volatility

Volatility is not to be feared, but embraced when trading CFDs.  Find out how you can benefit from volatility even if you are wrong most of the time.  With volatility there is opportunity and as long as you have the first 4 lessons under control you can profit handsomely from volatility.  You will complete a simple exercise that shows how you can benefit from volatility.

Lesson 6 – The Importance of Focus

CFDs offer an enormous array of choice, but focus is the key to your success.  Focus on one approach will deliver you much greater benefits than a scatter gun approach.  Find out how you can identify profitable markets and strategies to trade with CFDs, including where to get access to 7000 independently verified trading strategies. 

Lesson 7 – Broaden Your Horizons

This may seem in contradiction to the above comment on focus, but broaden your view of how your chosen market is likely to move. By incorporating as many independent variables as possible you can dramatically improve your trading results.  Learn key relationships between different markets and how to apply these to your trading.  Find out where you can see if the big money is long or short the market you are currently trading. 

Lesson 8 – Know Your Limits

While big trades do come along, these trades are relatively rare. To build a steadily growing CFD account learn to take regular profits as they arise and don’t always hang in there for the big win.  Know how to maximise your reward to risk ratio by trading the markets normal movements and get a powerful tool to measure this. 

Lesson 9 – Respect

At all time respect the ability of the market to take away what you have gained.  The most dangerous time for me is always after a win.  The speed which money can be made with CFDs is surprising and it can certainly be a psychological challenge to accept that it is true.  Prevent giving back large gains with these simple techniques.

Lesson 10 – Never Give Up

Learning to trade is not easy, but the rewards are available for those that choose to take on the challenge.  There is a lot to learn and a certain flexibility to adapt is required as the markets move through many changes.  Study, time and hardwork can certainly pay off very handsomely, but it is extremely helpful to have someone that has already learnt the ropes showing you the way. 

PS.  Make the most of this opportunity to meet Jeff in person and learn from his experience.