How to trade CFDs on NOZAX?

2 min. readlast update: 06.16.2022

Over the past decade, CFDs (Contracts For Difference) have become the most popular way for online investors to trade stocks, commodities, indices and currencies. As with everything that grows so fast, there is a lot of disinformation surrounding CFDs. When investing in stocks using CFDs and no leverage (1:1), the deal carries no more risk than if you were investing in the actual stock.  

Most assets on NOZAX are traded as CFDs and are executed during specific market hours.    

How to place a CFD trade?

Select a market: Choose a market to focus on and plan your next trade. Use a demo account to test your strategies first.

Choose whether to buy or sell: If you believe the price will rise, click 'buy,' and if you believe the market will decrease, click 'sell'.

Choose your trade size: Select the number of CFDs you want to trade. In equities trading, 1 CFD is equivalent to 1 actual share.

Include a stop-loss order: A stop-loss order instructs you to close your trade at a specific price if the market moves too far against you.

Keep an eye on your trade: Your profit/loss will update in real-time at the top of the screen once you've placed your trade. By clicking the close trade button, you can close your trade.

Was this article helpful?