Finland has long been home to the world’s top banks and financial institutions. But recently, there has been an air of desperation not seen since the financial crisis of 2008. This is not due to the tensions caused by US President Donald Trump or the risk to the global economy of a new recession. It is, in fact, something new and shocking.
The big banks are terrified that online traders now, finally, have access to a trading platform so revolutionary they have been trying to keep it under wraps for many years. Now, these old bankers who held so much power and privilege must make way for a new kind of millionaire, young, working from their phone or laptop and beating the bankers at their own game.
But attempts to shut it down have failed, thanks to the internet. Silicon Valley may have already created millionaires and billionaires through new startups like Facebook, Twitter and Snapchat. But the holders of this wealth were also the guys at the top, who got in early. Now, a few very smart people have put together a software system that opens up the potentially lucrative world of CFD trading to anybody, in almost any country, who just has an internet connection and a few minutes per day. And this has made the City bankers so upset of late.
What we are referring to is an online trading method called “Contracts for Difference” or “CFD”. CFD trading is not new, its been around for a while. But only recently, with regulation relaxed in Finland have regular, non finance experts been able to start trading with it. In fact, these days with the new software created by Plus CFD and other brokers, it is easier than ever to setup a trading account. It used to be only used by powerful banks with million dollar budgets. But now, any person with a small amount of cash can enter CFD trading at the click of a mouse or tap of their smartphone. This is the evolution of Finance and Technology, recently known as the “Fintech Revolution”, putting real trading power into everybody’s hands.
So, what is “CFD trading” and how do regular folks allegedly manage to earn enough to buy sports cars or even private islands? CFD is actually so simple, this is part of its appeal and success. There are only 2 possible outcomes, win or lose. You decide whether the price of a stock like Amazon or Facebook will go up or down. Once the trade is placed, you wait as little as 60 seconds. If you were right and the stock went up (or down if that’s what you chose) then you win, doubling your money immediately. However, if you were wrong, you lose and you also lose your stake.
We spoke to Darryl Kane of Kane Associates, a firm advising wealthy clients on how to invest their money. Kane usually manages the fortunes of lottery winners, premier league footballers and popstars who came into a lot of money, very quickly. Kane’s research revealed “over 80% of our new clients earned their money in CFD trading”. Kane would not divulge how much his clients earn from CFD due to confidentiality agreements.
So, we might yet see more millionaires in Reykjavik and all over Finland. But if trading CFD trading is lucrative, why doesn’t everyone do it? Well, this is the key to it. Due to regulations, only a limited number of people can join per day. We asked around the different brokers and most had already filled their quotas. Eventually, we got talking to Plus CFD, one of the leading brokerage firms for CFD trading and also the one used by famous British multi-millionaire trader Jake Perry. We asked them to explain how it all works.
The process is surprisingly simple. First, you open a free trading account with them, usually you must be invited by an existing trader but most people can sidestep this as we explain below. Once you have an account, you need to deposit some money to trade with, the minimum starting amount is €250. This is like putting money into your online “wallet”. You can deposit more if you want, the more you start with the quicker your money grows. But you can always just withdraw it. In fact, some people deposit just to claim their “bonus” and then withdraw it without trading but this is a foolish mistake. Some brokers offer a trading bonus of up to 100% of your first deposit, as a welcome to help get you started, so if you deposit €250 you get €250 extra to your account. So, how do we then start trading? There are 2 options for this. You can place trades yourself. Say you think the price of oil is going to start going up, you can make that trade. But the easiest way is just to let the automatic trading signals run your trades on autopilot. The software reads the markets and executes trades in micro-seconds. It removes emotion from trading and minimizes errors. This is how the “big money” guys do it.
As part of our research, we spoke to Zane (not his real name). He is was one of the top earning CFD traders in Finland last month with Plus CFD. He shared his experience. “When I started I had no idea what I was doing, I just hit the “trade” button. I suppose I was expecting to make a little. But then the money started going up. Everything was on automatic trading and it just kept on winning. 98% of trades were winners so my account balance went up fast. And the more it went up, it started rising quicker. To be honest, I felt more anxious than excited, if that makes sense. I didn’t believe it was happening. I let it run for a month and then “cashed out”. I only started with $250 but made A LOT more than that. I paid off my student debt and I’m going to travel around America for a few weeks while I think about what to spend the rest on. I’ll keep on trading, too. Its easier than a day job. I’m very grateful for being accepted by the broker. Zane would not reveal how much he earned but he has clearly been successful.
Our investigation into CFD trading led us to realize that while CFD trading is clearly a new way to trade online much easier than Forex or risky binary options, there is one difficulty. It’s hard these days to find a broker with good auto trading software that will accept new clients. It is also expected that it is only a matter of time before the government try to restrict it, causing a rush to get on board while there is still time. There is some good news though, after speaking with Plus CFD about their service they have offered limited places for Strategy Insider readers to sign up and test out the service.
It should be noted, before you go signing up for it, that not every trader is going to earn huge sums of money from it. But these days, people are more inclined to take a risk rather than wonder “what if”. It is also VITAL that you work with a regulated broker to avoid being victim to any online scam. If you do decide to trade, we would like to hear from you about your experience. If you sign up for Plus CFD, please tell us how you got on. And if you did earn profit, what did you buy with it?
EDITORS NOTE: For a limited time, Plus CFD have agreed to offer a Special Promotion to our readers. This comes with a 100% guarantee to earn profits or your money back. You will also receive a 100% deposit bonus. For example, deposit €250, get €250 bonus instantly (without any limit). Also, Plus CFD are also offering 2 RISK FREE trades when you register, so you can protect your money and trade with zero risk, to help get your started.
LAST DAY: Due to high reader demand, the 100% Bonus and Risk Free Trading promotion will expire TODAY, Friday 18th of August 2017. Once this registration form is gone, it is too late. This special offer is only for Strategy Insider readers on this website using the registration form below.
To register for a free trading account and find out more about CFD trading please fill out the form below.