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Hone your CFD trading skills with this award-winning online platform

IG Asia offers extensive educational resources and powerful tools for traders of all levels

The pandemic and recent world events have left markets in a state of high volatility, which has been anxiety-inducing for traders who profit mainly from incremental growth.

Savvy traders, however, might have the opportunity to make money from market swings with products like Contracts For Difference (CFDs) that enable them to profit from both upward and downward market movements.

"In light of recent market volatility and increased market uncertainty, CFDs allow you to access a wide range of asset classes such as shares, indices, commodities or forex to tap on opportunities on both sides of a trade, be it long or short," says IG Asia's market analyst Yeap Jun Rong.

"With CFDs, traders are also able to open a position with a lower initial outlay than buying the asset outright. Investors with long-term asset holdings can also use CFDs to hedge against their portfolio to mitigate any near-term market moves to the downside, for example."

To stay abreast of fast-changing trends and market volatility, traders need to hone their knowledge of financial markets, refine their trading techniques and equip themselves with a trading platform that not only enables them to seamlessly execute their strategies, but also allows them to keep learning and improving.

When trading CFDs, it is essential to use a reputable platform such as IG Asia. With more than 46 years of experience, the award-winning platform is also one of the world's leading CFD providers* and offers unique tools and features that let traders take full control of their trades.

Knowledge is power

Understanding financial markets well and having an arsenal of strategies can be a confidence booster that helps traders avoid making emotion-based decisions. For those who wish to take their trading to the next level, IG can provide the edge needed to thrive in these turbulent markets with its variety of high-quality educational materials to keep you up to date.

For instance, all users have access to IG Academy, an extensive repository of resources to suit all levels from beginner to advanced. Traders can complete modules on the fundamentals of financial markets, the basics of technical and fundamental analysis and more. Those who require live assistance also have the option of joining free webinars or in-person seminars.

For experienced traders, IG provides news updates accessible via the web and their Telegram channel, economic and financial calendars and write-ups on advanced trading strategies. This keeps traders informed on the go and enables them to swiftly adjust their trades based on the latest developments.

Understand your trading needs

To execute your strategies more effectively, it's important to know what your specific trading needs are, and how to harness the right tools to give you a competitive advantage. Equipped with user-friendly tools and features as well as a highly customisable interface, IG lets users easily execute advanced trades on a wide range of products. One key feature of IG's platform is that it allows traders to go long or short on over 17,000 markets with popular US shares like Apple or Tesla that can be traded out of hours. This enables traders to take advantage of opportunities that arise outside the main trading window.

For active traders who do not wish to miss out on opportunities, IG's platform lets users manage potential trades by setting alerts that are triggered by price changes, technical conditions and important market events, as well as signals that alert traders to patterns and trends.

Traders who wish to engage in in-depth analysis and closely manage trading opportunities can benefit from the platform's sophisticated charting capabilities, which enable performance tracking across timeframes. IG users can enjoy seamless integrated access to online charting software ProRealTime, which allows for automated CFD trading 24 hours a day.

IG's dealing tickets are highly intuitive, with a clean design that enables newbies to easily find their bearings, while at the same time allowing for customisation of advanced trades by entering stops and limits, optimising currency conversion charges and automating trades.

Minimise and manage risk

To boost your chances of success, Mr Yeap emphasises that risk management is key. The IG platform allows traders to programme knock-outs and guaranteed stops in order to limit the potential for loss.

Knock-outs are a CFD product where trades are closed automatically if the underlying price reaches the knock-out level to protect trades against slippage, he explains.

"Similarly, guaranteed stops ensure that a trade will always be filled at exactly the level you set, with a premium incurred only when the guaranteed stop is triggered. These functions may help to instil good discipline in your trading and ensure that you do not lose more than what you are willing to," he adds.

With a wealth of educational resources and a powerful, feature-rich interface at their fingertips, traders on IG's platform have the resources to hone their skills and the tools to execute even the most advanced trades with precision.

*Based on revenue excluding FX (published financial statements, June 2020).

Five fast facts about IG Asia:
Award-winning trading platform with over 46 years of experience, including Asia FX Awards 2021's Best Retail FX Platform, Influential Brands Top Brand 2021 Online Trading Platform and GBM's Best Forex Broker Singapore.
Regulated by the Monetary Authority of Singapore.
Offers a wide range of educational materials and up-to-date market news, including IG Academy.
Offers a variety of user-friendly tools and features, including unique ones like guaranteed stops and knock-outs.
Offers 24-hour expert support.

Promotion: Open an IG account by June 30 this year, fund it with S$5,000 and place one trade to receive S$188. Click here for more information.

Follow IG Asia's market analyst on Twitter @Yeap_IG for daily updates or join the IG Asia Telegram channel at t.me/igasia.

Disclaimer:
IG provides an execution-only service. The information in this article is for general circulation and information only and does not constitute (and should not be construed as containing) any form of financial or investment advice or an investment recommendation or an offer of or solicitation to invest or transact in any financial instrument. Nor does the information take into account the investment objective, financial situation or particular need of any person. Where in doubt, you should seek advice from an independent financial adviser regarding the suitability of your investment, under a separate arrangement, as you deem fit. No responsibility is accepted by IG for any loss or damage arising in any way (including due to negligence) from anyone acting or refraining from acting as a result of the information. All forms of investment carry risks. Trading in leveraged products such as CFDs carry risks and may not be suitable for everyone. Losses can exceed deposits. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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