CFD, CDF, ABS, MBS, do you know what all these financial abbreviations stand for? No sweat, even sophisticated traders don’t know every single product in the market. However, I believe you should know this one: CFD, or “Contract for Difference”…not a very creative name, I know, but trading is not a poetry slam.
You should know what a CFD is, because it can make you money. I guess that’s enough reason. They offer a variety of advantages, but they also bear certain risks. Read on and learn how to use them to your advantage.