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Re: MURREY MATH lines

sizabici, Thu Nov 28, 2019 11:26 pm

Another beautiful trade but this time on the Hang Seng Index (HK50).

Yes, you might be considering as well trading opportunities on CFDs also, but be aware.
I just learned as well recently and it is an aspect that I would like to share: You can diversify your trading strategies across uncorrelated instruments and you can take advantage of opportunities that the global equities markets offer, and on index CFDs, but since the brokerage firm that are offering CFDs are not going to commissioning your trade on such indexes, even if you have a raw spread account, without a dealing desk or commissioning you are going to have SPREAD (AND NOT A SMALL ONE). Yes, that is how I was surprised as well.

Otherwise, if you take this into account on your trades it is not a problem but you have to be aware of this aspect also!
And just as an example on HK50 we had on this morning a spread of 700 and by noon already around 900-950 (on ICMarkets-broker - raw spread account).

(HK50), Hang Seng Index, is a market capitalization-weighted stock market index to record the daily changes of the 50 largest companies present at Asia’s second (and the world’s sixth) largest stock exchange, the Hong Kong Stock Market (HKEx). HSI (HK50) is the major indicator of the overall Hong Kong market performance.
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