Guys, I am trading forex for a while and now I want to try trading CFDs. Can you please give me advice at what margin to trade CFDs and where is recommended to put the stop loss - how many percent below the buying price
You can use the same principles for margin trading in forex and apply them to CFD’s. Some brokers may have higher margin requirements for CFD products due to limited trading hours and liquidity. I think the question on what percent you are willing to lose (where your stop loss is located) would be approached the same way regardless of what market you trade.
Thanks a lot for the advices Jason Rogers.
If using CFDs i woudn’t use more than 150% leverage - it would be too risky/painful otherwise in case of a persistent drawdown. Psychologically the more geared you are the more difficult it is to handle losses, you might end up closing your position at the worst possible time.
As for the distance from you stop loss this really depends on 1) your strategy i.e. key support and resistance levels 2) the amount you are willing to risk. But you cannot just choose a stop loss level just because you can only lose that amount of money - you need to find sensible past support/resistance levels where the price has held in the past.
A useful website to visit which is sure to help you is given below.
contracts-for-difference.com/contracts-for-difference-3.html
This site is very interesting. Thank you, luckystrike. Wish you nice and successful day 
What did you trade on FOREX…?
Spot I assume.
Did you trade currency futures, yet…?
Did you trade commodity futures, yet…?
Did you trade futures at all, yet…?
If you wanna trade CFD you are playing the Futures market. Different market with different rules. Dealing with roll dates and their influence on price action alone has the potential to wipe out your account in a matter of minutes if you don’t know what you’re doing.
Sorry, for the dose of reality.
As you guessed I am trading spot Forex. I haven’t traded any futures so far. I would like to start but probably you are right that I have to read a little bit more before that.
I am starting with the literature luckystrike recommended me.
Thanks guys once again.
If I were you I would get myself a CFD demo account and pick [B]one[/B] complex I want to trade in.
With compex I mean…
equities
currencies
commodities
indices
I wouldn’t pick gold and silver because the precious metal market is unique with the physical factor and gold leasing involved.
Depending on the complex you pick I would learn as much as I can about it with emphasis on the weekly Future Exchange Reports. It gives you valuable clues about the positioning of the different trader groups in the futures markets.
It might help. Good luck. 