I have been trading direct shares for a number of years, but I'm new to CFD's.
I wanted the ability to go short and trades indices.
I have a few questions that I just cannot find answers to. Can anyone answer these, or point me to a source of reading where I may learn the answers?
My questions concern the 'Australia 200 Cash' as offered by IG.
Initially I assumed this was solely tied to the ASX200. I realised I was wrong when I witnessed it moving outside of ASX trading hours. My searches indicted it is also tied to 'underlying cash markets'.
What does this mean? Linked to currencies? Where can I see the components of the AU 200 Cash and how it is calculated? I need to understand this thing before I can consider trading it!
Also, if it trades around the clock, when were the quoted high and low's achieved? Midnight Sydney time perhaps?
Please help? I'm sure the answers are explained somewhere on the www, but I have yet been unable to find it.