I'm quite familiar with equities and part time trade on CMC / Comsec data, however know very little about CFD's.
I've yet to sign up for the Comsec practice CFD account, wanting to have an ok understanding rather than just pressing buy/sell because I'm feeling lucky.
Can anyone provide some resources below that will help me get started in understanding the basics. I've trawled the threads however they're generally tailored to specific questions.
Question 1: Being able to leaver up to 20x, would this essentially mean If I wanted to go long I.E CBA and had 10k in my account I could buy 200k in CBA shares, however inversely could lose +200k?
Thanks for your help,