Beginner Q&A · Markets and Products

Trading Instruments Q&A

Stocks and stock CFDs, spot gold and gold futures, WTI and Brent, index CFDs, crypto CFDs... different instruments have different rules and risks, so tell them apart before you trade.

Shares vs Stock CFDs: Ownership, Costs and Risks

An ordinary share is an ownership interest in a company. Read the full article →

Calculate the Value per Point for Gold and Forex

“How much is one point worth” does not have a universal fixed answer across instruments. Read the full article →

How to Understand a “Contract Multiplier”

A contract multiplier is one of the factors used to convert a quote change or index-point movement into a monetary amount in the contract currency. Read the full article →

Forex, Stocks or Futures: Which Is Suitable for Beginners?

No market is inherently suitable for every beginner, and no instrument guarantees a profit. Read the full article →

What Is a “Stock Index CFD”?

An index CFD (contract for difference on a stock index) is an over-the-counter derivative that references a stock index or related quote. Read the full article →

The Difference Between Spot Gold and Gold Futures

“Spot gold” and “gold futures” are both linked to gold prices, but they represent different trading arrangements. The spot market generally quotes gold for current delivery. Read the full article →

What Is the Difference Between WTI and Brent Crude?

WTI (West Texas Intermediate) and Brent crude are both important crude-oil benchmarks, but they represent different markets, delivery arrangements and supply-and-demand conditions. Read the full article →

What Are Safe-Haven Assets?

A safe-haven asset generally means an asset that, during certain periods of market stress or uncertainty, investors believe may relatively help preserve liquidity, reduce portfolio volatility or… Read the full article →

What Are the Features and Risks of Cross-Currency Pairs?

A forex cross generally means a currency pair that does not include the US dollar, such as EUR/JPY or GBP/CHF. Read the full article →

What Are Pre-Market and After-Hours Trading?

Pre-market trading generally means trading stocks before an exchange's regular session; after-hours trading takes place after the regular close. Read the full article →

Crypto CFDs vs Spot Crypto

Spot crypto trading generally involves buying or selling a specific digital asset. Read the full article →

What Do CFD Expiry, Rollover and Cash Adjustments Mean?

A CFD (contract for difference) is generally settled by reference to the difference in an agreed price, but whether it expires, how an open position is rolled and how corporate actions are handled… Read the full article →

What Is Asset “Volatility”?

Volatility describes how much a price changes over a period, and is often expressed as the statistical dispersion of returns. Read the full article →

Why Do Trading Hours Differ by Instrument?

Trading hours for different assets are determined by market structure, trading venues, settlement systems, participants' locations and regulatory rules. Read the full article →

More beginner Q&A

Forex and CFDs are leveraged products and carry a high risk of losing money rapidly. This page is educational and is not investment advice. Only trade with money you can afford to lose.