It is essentially gambling, using money you do not have. But you’d better have cash on hand, because if your position goes the wrong way, as it does more often than not, expect a margin call to be met within 24 hours.
But at least with gambling at the casino, it doesn’t charge you fees every time you place a bet. The CFD broker does. Win or lose, the CFD provider makes money.
Go and buy Cryptocurrency if you want to gamble at short-term price movements. All you need is someone willing to pay more for your coins than you did. Not hard.
CFDs are a total mugs game. Banned in the US, but allowable in Australia with certain limits and requirements.
I did try share market call and put options years ago in a small way, but CFDs are another level of risk again.
