The Pit - IMI Trust

As technology advances, it feels like the world is becoming smaller and smaller. Simply go back just 10 years and the idea of trading stocks on the NASDAQ or on the New York stock Exchange, was only for the elite traders. In fact go back 10 years and no one in Australia has ever heard of CFD’s.

Now… Online Trading has broken down all barriers and given Australian traders an all access pass to the world’s leading markets. Whether you are trading Stocks, CFD’s, Currency or Futures, if there is a market open… you can trade it.

Previously companies which has seen phenomonal growth in the US or UK were unable for Australian traders. Imagine if you were able to place trades on Microsoft, Dell, Yahoo, Ebay and Amazon at the beginning of the tech boom.

Now companies that we associate with on a daily basis are available for trading. Whether it be clothes, shoes, food, software, internet, electronics or cars from international companies… we can now trade them.

You dont have to go through the hassle of researching US brokers, placing your money in a US account, having currency risk (on placing your money in US dollars in an account) and having to stay awake at all sorts of strange hours to make trades.

Now, you just go on your computer, click on an icon to open your trading platform, and within seconds the world’s stock exchanges are ready for trading. You can also trade internationally, with your money in an Australian account. Another example of technology making life easier.

What is interesting is the CFD phenomenon. Australian can trade CFD’s over American stocks, but American’s can’t. it has been estimated that over 50% of trades on the London Stock Exchange are CFD’s.

This is what Australia Stock Exchange potentially has to look forward to. It is no wonder, that you can now trade ASX CFD’s on the top 50 stocks and a few major currencies.