What are CFDs
CFD stands for Contract For Difference. This type of financial instrument allows you trade an underlying index, share or commodity contract without actually having to own it. The CFD price is the price of the underlying asset. So if the price of the underlying asset goes up, so will the price of the CFD.
Similarly, if the price of the underlying asset goes down, so will the price of the CFD. It is important to us to emphasize that you don’t own the asset you trade. ORYX was one of the first online brokers to offer CFD trading, giving individual traders access to a large range of markets which were not accessible to them before.
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What is CFD Trading?
CFD trading is quite similar to forex trading. When trading on the platform, you select the instrument you wish to trade and enter your order. Just like in other trades, if you think the price of a certain instrument, e.g. crude oil, will increase, you’ll want to buy the crude oil CFD. The same goes the other way – if you predict the value will go down you sell the CFD.
Naturally, like any type of trade or investment, wrong predictions can lead to loss of money, and one should be aware of the risks involved in CFD trading. There is plenty more to learn about the trading of CFDs, and you can learn more by browsing through the education section, in which you can watch video tutorials, read articles, get news updates, and more. Some more information on CFDs and their advantages can be found here.