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How to Compute for the Costs in CFD Trading?

June 08, 2021


Knowing what is a CFD is as easy as knowing the name of a person but how the way it goes inside should be also known, especially the fees.

The cost of CFD trading includes commission (some cases), financing cost (certain cases), and the spread in which the difference between the price offered at the time of trade and the bid price or purchase price.

·       Commission                                         

Usually, there is no commission in trading forex pairs and commodities. Typically, brokers charge commission for trading stocks.


A U.K.-based financial services company, the broker CMC Markets, asks commissions starting at 10% or $0.02 cents per share for Canadian and U.S.-listed shares. Since the opening and closing trades are two different or separate trades, each trade is charged for a commission.

·       Financing Charge

If you take a long position, a financing charge may apply. This is due to the fact that overnight positions for products are considered an investment. It means that the provider lent money to the trader to buy the asset. For each day, the position is held, traders are charged an interest charge.


Trader A wants to buy CFDs for Apple’s share price. The trader puts a trade worth $10,000. The current price of Apple is $23.50. The trader assumes that the share price will increase to $24.80 per share so that the bid-offer spread is 24.80-23.50.

A commission of 0.1% on opening the position is being paid by the trader and another 0.1% when the position is closed. A financing charge overnight will be charged to the trader for a long position as well.

426 contracts at $23.50 per share were bought by the trader. With this, the trading position is $10,011 (also the initial value). Assumingly that the price per share of Apple increases to $24.80 in 16 days, then the final value of the trade will become $10,564.80.

To compute for the trader’s profit before charges and commission, subtract the initial value from the final value:

$10,564.80 - $10, 011 = $553.80

Upon opening the position, the trader pays a commission of 0.1% which is equal to $10. If the interest charge is 7.5% which must be paid for 16 days in which the trader holds the position.

Computation for Interest Per day:

426 contracts x $23.50 x 0.075/365 = $2.06

Total Interest:

$2.06 x 16 days = $32.89

When the position is closed, the trader will pay again a commission of 0.1% which is equal to $10. (0.1% of $10,000).

Computation for trader’s net profit:

$553.80 (profit) – $10 (commission on opening) – $32.89 (total interest) - $10 (commission on closing) = $500.91 (net profit)

Countries where CFD Trading is Available

Knowing what is a CFD and its costs are not enough if your country of residence does not permit it. The U.S.A does not allow CFD contracts. However, CFD contracts are available over the counter (OTC) markets of the following major trading countries:

·         Netherlands

·         United Kingdom

·         Germany

·         Singapore

·         Switzerland

·         South Africa

·         Spain

·         France

·         New Zealand

·         Canada

·         Hong Kong

·         Norway

·         Sweden

·         Italy

·         Thailand

·         Denmark

·         Belgium

In Australia, CFD contracts are currently allowed. Australian Securities and Investment Commission (ASIC) has declared some changes pertaining to the issue and distribution of CFDs to retail clients. The goal of ASIC is to strengthen consumer protections by choosing CFD product features and sales practices that increase retail clients’ CFD losses and by lowering the leverage of CFD available to retail clients. This will be effective starting March 29, 2021.

The U.S. Securities and Exchange Commission (SEC) has restricted CFD trading in the U.S. however, non-residents can use them in trading.

What are the tips for choosing medical alert jewellery?

May 25, 2021


Medical alert jewellery plays a quite effective role in the current world, especially for people suffering from certain medical conditions. Medical ID jewellery like necklaces and bracelets are quite popular. It helps you to easily make your identification tag that is quickly visible to a medical health professional. 

But you must know that there is a number of factors that you must consider before choosing the medical ID that could work as a lifesaving product. The medical alert jewellery is meaningful and has its own importance as it notifies the bystanders and responders of medical conditions during any emergency situation. 

Medical alert jewellery is an integral part of daily life and must be wearing on a daily basis. But it would be best if you considered what medium you want your medical alert jewellery to be. You could wear the medical alert jewellery on your wrist and neck area or any other place where you feel comfortable. While choosing the medical alert jewellery, you must consider checking the durability of the jewellery so that it could offer you long-term benefits. Hence for this, you need to choose the right material while choosing your medical alert jewellery. 

Tips to consider while choosing medical alert jewellery:

While you are planning to get a piece of medical alert jewellery, you need to consider some of the points as they play an important role. Some of the tips for choosing the right medical alert jewellery are mentioned below:-

  • It would be best if you first talked to your doctor, who could offer you better medical alert jewellery selection suggestions. They could also offer you better guidance and advice for choosing the medical alert jewellery quickly and easily. 
  • In the second step, you need to organize your medical information. It is important for you to accurately collect all your medical information so that there won’t be any problem during any medical emergency. 
  • You must understand what all details are required to put on a piece of medical alert jewellery. So get the detailed information and consider the essential points that are important to enter in the medical jewellery. 
  • Consider choosing the right material for your medical alert jewellery as there are multiple materials that are available in the market. You may use the metal, or if you are allergic to any material, you may choose a different fabric that could meet your needs. 
  • Get the right measurement for your medical alert jewellery so that it could perfectly fit you well. 

The points mentioned above are some of the important tips that could help you correctly choose the medical alert ID  jewellery, or getting leather bracelets personalised which could perfectly meet your medical needs during any emergencies. You could wear the medical alert jewellery on your wrist and neck area or any other place where you feel comfortable. While choosing the medical alert jewellery, you must consider checking the durability of the jewellery so that it could offer you long-term benefits. Hence for this, you need to choose the right material while choosing your medical alert jewellery. 

Fascinating Facts about Celtic Engagement Rings

May 10, 2021


Wearing a Celtic ring is the symbol of friendship, loyalty and love throughout the world. With its distinctive design, these rings are easily recognizable and can trace their history back to the rugged Irish coast hundreds of years ago. Although the early samples of Celtic rings were made of gold and always had the same three elements, rings today have adapted to a more modern lifestyle while still maintaining the special meaning. Because they are of a class of jewellery called “faith rings”, to get one from someone special indicates more than just wearing a beautiful piece of jewellery. While one does not require travelling to Ireland to get it, it retains the history and symbolism of the traditional Irish version

Celtic Ring Designs:

Celtic rings also known as Celtic wedding rings/Claddagh rings. First they were seen some 300 years back in the Irish fishing village, Claddagh from an Irish term which means Flat Stony Shore. The earliest rings had been made of gold and show two hands presenting a heart between them. Over the years, these rings have evolved and the most common change being the addition of another heart to create a two heart Celtic ring. Other modern changes include fashioning the ring out of silver or platinum or incorporating a gemstone. No matter what the style is, it always retains the same elements and symbolism. The ring itself holds only a part of its meaning, how it is worn is also an essential part of the message.

History of the Celtic Ring

Like most things which have been handed down through generations, the history of these rings takes several forms. A well-known story in the Celtic Ring tells that a young widow named Margaret Joyce inherited a large sum of money from her Spanish merchant husband after his death. Later she married the mayor of Galway, Ireland, and used her wealth to build many bridges across the country. The first Celtic ring is said to have landed on her lap from a passing eagle as a reward for her generosity. 

Another popular story regarding the origin of these rings is the story of Richard Joyce, a Galway native, that has captured the week he was to be married an Irish girl and he has been sold to a Moorish goldsmith as a slave. Richard then spent several years learning the trade and created the foremost Claddagh ring for the lady he had left behind. In fact he was set free when William III ordered the release of all British subjects. The goldsmith offered to give him some of his possession and the hand of his oldest daughter if he stayed with her. Richard had refused and had returned to Galway with the foremost  Claddagh ring, gifting it to his first love who had never been married. He lived in Galway all his life, becoming a goldsmith himself. The oldest Celtic rings bear the mark for Richard Joyce. This description gives some truth to this version of the story. 

How to wear these Rings: 

As these rings carry heavy symbolism, how they are worn gives a specific message to potential suitors. Traditionally given as an engagement ring, if the wearer is engaged or married,  the ring is generally worn on the left hand, with the crown pointing away from the wearer’s heart. If the wearer agrees to consider love and a romantic relationship, they wear the ring on the right hand, pointing towards the heart. If they are not interested in a relationship, the ring is worn on the right hand, pointing away from the heart.

Where to find such rings:

Wearing these rings no longer requires a trip to Ireland. However, if you are fortunate enough to visit the country, there is no shortage of craftsmen who will gladly make one for you. Silver engagement rings are also widely available in jewellery stores  Fashion Plaza and on the internet.

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