Independent Investor Encourages CFD Traders To Save On Spread Costs
Online broker review site IndependentInvestor.com has urged CFD traders to find ways to reduce their trading costs by comparing different brokers and the services they offer, in a bid to make it easier for traders to earn money from volatile markets while ensuring traders of all stages save money on the marginal costs of trading contracts for difference.
Online CFD trading resource Independent Investor has encouraged contracts for different traders to think about ways of reducing the cost footprint of their trading, including by switching to a more competitive, cost-effective broker, in order to help weather increasing market volatility.
By switching to a more cost effect CFD broker, Independent Investor said traders could reduce their costs amidst a climate of ongoing market volatility, helping to preserve profits and save a substantial capital chunk over time.
While market volatility presents opportunities for CFD traders, it also makes for more risky trading conditions, and as a result should be offset by a more cautious, research-intensive trading approach in order to deliver consistent, safer returns.
Alex Johnson, a spokesperson for Independent Investor said that for traders looking to deliver long-term capital growth, reducing outgoings and the costs of trading by finding a cheaper broker was as important as finding new opportunities for profiting from the markets.
“The costs of trading CFDs are half the battle when it comes to delivering a profit on aggregate, and it’s important for traders to realise the extensive effect overpriced spreads can have when it comes to overall capital yield. You would be unlikely to settle for a permanent 10% handicap on your earnings, but in many cases the negatives of trading with an expensive broker can be even more costly than that. That’s why we suggest that all traders, regardless of their experience level or the length of time they’ve been with their current broker, take the time and effort to check that they are getting the best value for money on their trading activity.”
“Saving on the costs of CFD trading is one way of quickly and painlessly boosting trading profits, and traders aren’t required to take on more risky positions or trade in larger volumes in order to feel the effect. This makes switching brokers a cost saving strategy distinct from any other in CFD trading, and given the degree of impact it can have on overall trading success, the time spent comparing is more than a worthwhile investment in your future trading career.”
IndependentInvestor.com is home to one of the web’s most expansive collection of CFD broker reviews, aimed at helping ordinary traders find more cost effective, functional alternatives to their current broker and platform.
About:
Independent Investor is an online authority on trading and investment, designed to help traders of all levels of experience improve their trading success. From broker comparisons and reviews, which help traders identify more cost-effective trading platforms, through to basic trading guides and advanced strategies and tips, IndependentInvestor.com is home to all things CFD, and is an invaluable resource for traders looking to make more from their trading career. Maintained by experienced, successful financial traders, IndependentInvestor.com equips traders with the know-how and support they need to succeed with CFDs.
