The Department of Labor, the Federal Reserve, the University of Michigan and various other entities issue important economic reports regularly that

Day Traders who are looking to maximize their opportunities on the ASX top 20 need to consider a couple of key points before jumping on board with any CFD broker. As a day trader you need to consider your main objectives and work out how your goals can be met and which broker can best satisfy those goals.

Day Trading for Small gains on large positions

One trading style that day traders apply is to look at the ASX top 20 stocks and trade on a good deal of leverage and look for small gains on the stock price either long or short. If this is your trading style then you are going to have to rely on a CFD broker that doesn't requote regularly as you'll struggle to get out when the heat is on.

Frustration with CFD brokers giving requites

There is nothing more frustrating than trying to get out of a large position relative to the current market depth and finding your CFD broker offering you the infamous requite. You try to get out at $22.50 and they tell you its not available but $22.45 is. How very frustrating.

But the true volume on the ASX says there is enough volume

Even more frustrating is when you run your CFD broker's platform side by side with a proper Webiress streaming data feed and realize that you only want to sell 6,000 CFDs at $22.50 and there are 15,000 available. You keep trying to hit the 15,000 only to get requite after requite. Your blood boils at this stage and you realize that getting out at $22.50 is now not an option. You either have to wait and be patient in the hope that enough depth with your CFD broker will get you out or take the lower price, some $300 away. $300 in slippage is a cost you'd rather not have to consider.

Overcoming the requotes as a day trader

Market Maker CFD brokers may not be your best option if you are looking for speed of transaction in a transparent fashion. To overcome the requotes you will need to consider trading with a Direct Market Access CFD broker who is 100% transparent in the market. WYSIWYG or what you see is what you get is one way to describe a Direct Market Access (DMA) broker as you can see 100% of your orders right into the market and you can also see the exact number of people at each level of market depth. This isn't to say that a Market Maker model won't serve you well, but instead to point out that you'll never get a frustrating requite with a Direct Market Access CFD broker.

Action: Discover the Universal Trading Strategy that can be used across all market conditions and all market time frames. This one Universal Truth has the ability to Free your Mind as it sets the foundation of all Successful Trading Plans.

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