Anyone knows what is CFDs - Singapore's Online Community

**chong85** · 24-06-2008, 10:06 AM

hi,

Anyone knows what is CFDs?

**zhiz22** · 24-06-2008, 03:28 PM

	Quote:			Originally Posted by chong85
	hi, Anyone knows what is CFDs?

http://www.phillipcfd.com/

http://www.phillipcfd.com/download/P...DInfoSheet.pdf

A CFD is an agreement between 2 parties to settle the difference between the opening price and closing price of the
contract multiplied by the number of shares specified. It is therefore a unique trading instrument that allows the
customers to trade in stocks with the key features of leveraging and short-selling.

**monkeybusiness** · 24-06-2008, 05:52 PM

heard before but dun understand how it works...seem kinda complicated for me...furthermore, it's considered as a high risk product..

**zhiz22** · 24-06-2008, 11:41 PM

	Quote:			Originally Posted by monkeybusiness
	heard before but dun understand how it works...seem kinda complicated for me...furthermore, it's considered as a high risk product..

If don't understand then its best not to use it.

I do have a friend working in CFD department and if anyone need any clarification, I can refer you to her.

**monkeybusiness** · 25-06-2008, 07:42 PM

	Quote:			Originally Posted by zhiz22
	If don't understand then its best not to use it. I do have a friend working in CFD department and if anyone need any clarification, I can refer you to her.

nah it's ok.
i am not interested in this product too