So I have been trading shares on the ASX via commsec etc and it's usually short-medium term. I am thinking of opening a CFD trade account so I can go short as well as long. I am aware they are leveraged products. Since they are contracts for difference, just say: Buy: $1000, I only put down $100 or whatever the % is. Is it correct that the max I can lose is $1000 on this CFD
I guess what I am trying to say is I don't want to ever land in a situation where I need to pay up more than I have in cash!