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The following worked examples show how you can use CFDs to trade a number of different markets.
These examples show trades that result in both profits and losses.
CFD trading example (ETF) on Contra FX Pro – Buying SPDR (SPY)
You believe that the shares of SPY will rise, so you decide to buy a CFD based on 2000 shares.
Contra FX quotes you a spread of $84.68/$84.70 for SPDR (SPY).
After 2 days the market has risen and you decide to close your position.
CLOSING TRADE (2 days later)
Price of SPY is $86.75 86.75
Number of underlying shares 2,000
Value of total position ($) 173,500
PROFIT (loss) ON TRADE
Closing value ($) 173,500
Opening value ($) 169,400
Gain on position ($) 4,100
Total transaction Fee $ (480)
Overall profit on trade ($) 3,620