CFD trading is a relatively new notion to a good number of traders and investors in Australia, which is understandable given the mechanics of CFDs are very different to conventional share trading. Having an advisor or trading teacher who can explain the idea of CFDs and assist you to spot buying and selling possibilities is often a very safe way for new CFD traders to gain exposure to financial markets.

There are lots of stockbrokers and financial advisors in Australia who are able to assist traders and investors seeking to enter the share market, however very few have in-depth knowledge and understanding of CFDs and how they can be used not just as a hedging instrument over a stock portfolio but as well as a good way to achieve exposure to worldwide equities, commodities, indices and forex pairs.

Various CFD providers are able to give you simple CFD trading advice and tutoring however a lot of them will not offer you CFD trading recommendations. There are however some CFD brokers who are able to offer you advice and trading recommendations, it is these CFD brokers that often also specialise in other areas of financial services including financial planning, corporate advisory and funds management. Trading with a CFD broker that doesn’t exclusively specialise in CFD trading is usually a very good idea for novice traders in search of some aid in managing their trading portfolio and understanding the risks and benefits CFDs.

Dealing with a CFD broker like IC Markets who offers an in depth assortment of services and products has a variety of advantages in that you'll be assigned a personal account manager with whom you are able to communicate with on a daily basis and ask questions. If you need other services such as being contacted in the event of a trading idea you can also choose this, however you could be charged a higher commission rate when using this service. Frequently added benefits like being able to participate in extremely sought after placements and IPO’s will even be supplied.

In a lot of cases receiving CFD trading advice will cost a lot more than buying and selling for yourself over the internet, however the additional commission costs are relatively insignificant when you think about the benefits and are a great deal cheaper than the loses that lots of novice investors suffer when placing orders with out a well thought out trading plan or strategy.

Before trading CFDs either on the web yourself or with a CFD broker like IC Markets who can provide you with CFD trading advice it’s vital that you understand not just the advantages of CFD trading but also the hazards. Over and over again amateur CFD traders fail to understand that even though the leverage connected to CFD trading can result in gains it could also deliver large losses, this is why getting an understanding of risk management is imperative.