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Wall Street Index CFD |
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Indices
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What is World Indices CFD?
Contract Details | Order Types Example of Long Trade | Example of Short Trade |
Participate in the world’s large and vibrant capital market, NYSE, where all global traders look to for making their their daily trading decisions. With the financial crisis in recent times, the limelight has been on the US market and how it affects performance of the other global markets. Many investors may not be familar with the individual companies in US, but that does not mean they have to lose out on the opportunities that the volatility of the US market can bring. If you are looking for such opportunities but are unfamiliar with individual US companies to pick the right stocks to trade in, we have the trading instrument just for you. |
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The Wall Street Index CFD is a form of Contracts for Difference (CFD) that allows clients to trade the underlying index, although the prices may differ from the actual index levels. It tracks the level of the index and, thus, provides clients a cost-effective way to diversify their portfolio. Take a bullish or bearish view with the Wall Street Index CFD by going long or short respectively. And with a leverage of 20 times, use the Wall Street Index CFD to make your money work harder for you. |
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1 Please refer to World Indices Infosheet for more information.
(DS) / (Non-DS): Refers to Daylight-Saving and non-Daylight Saving Times respectively for the US timezones. To view more trading promotions, visit our Global Rates & Promotions page
Wall Street Index CFD is traded and settled in USD. There will be NO auto-conversion for USD should there be any margin deficit in these currencies. Should there be any margin deficit in the respective ledger, clients should submit conversion request to avoid incurring margin debit interest.
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Protect your profits and minimise your losses with the use of order types such as market and stop orders. Have more control over your Wall Street Index CFD order submission with the ability to indicate the order type you desire instead of being determined by the system based on price submitted on POEMS and CFDTrader. |
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A client is bullish on Wall Street Index CFD and buys 1 contract worth US$13,500 at a price of 13,500. The value of 1 index point is US$1. |
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Scenario 1:
Positions are closed 4 days later at a higher value. The client sells his position at a price of 13,600.
Scenario 2:
Positions are closed 4 days later at a lower value. The client sells his position at a price of 13,400.
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A client is bearish on Wall Street Index CFD and short sells 1 contract worth US$13,500 at a price of 13,500. The value of 1 index point is US$1. |
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Scenario 1:
Positions are closed 4 days later at a lower value. The client buys back his position at a price of 13,355.
Scenario 2:
Positions are closed 4 days later at a higher value. The client buys back his position at a price of 13,724.
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Index CFD is a highly leveraged trading instrument, and you can lose more than what you put in. |
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Phillip Securities Pte Ltd (A member Of PhillipCapital).