Understanding CFDs for Index Trading
CFDs, or Contracts for Difference, are versatile financial instruments. When you choose to trade Index CFDs with MYFX Markets, you're opting for the Cash CFD variant. In essence, this means you're speculating on the price movements of the index itself, rather than taking ownership of the underlying futures contract. This unique feature enables you to engage in trading with smaller contract sizes, making it an ideal choice for those new to the world of index trading.