What are cfds - contracts for difference explained

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What are cfds - contracts for difference explained

One of the great things about Forex brokers is that they will quite often offer other markets beyond currencies. They do this by offering something known as a CFD, or “Contract for Difference.” This is a flexible contract in which you are placing a trade in anticipation of prices moving in an underlying instrument. However, unlike other financial instruments, you don’t actually own the underlying asset.

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