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CFC OST Beginner Guide
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ezkiel
#1 Posted : Monday, July 22, 2013 2:35:01 PM
Rank: Hello


Joined: 2/19/2011
Posts: 2
Location: Nairobi
I'm a newbie in stock trading and I just recently started trading on the CFC online share trading platform. I've gone through the Power point guide but I still have a few questions regarding this system that weren't addressed in that guide. Anyone using this platform can answer or provide further 'mchanuo' and i'll appreciate

1. Which is the best time for me to place an order for a particular security because when I place an order in the afternoon say 12 or 1 pm and set the order limit to the end of that day, that particular order is usually not executed.

2. Is there a charge for placing an order for a security even if it is rejected afterwards?

3. Regarding selling, if I buy a security on Monday and the price rallies upwards on Tuesday, can I sell it on Tuesday or are there a certain amount of days I have to wait before selling a bought security ?

4. Is there a way I can know through the system, the amount of shares available for a certain security for offloading before I place an order to buy shares of the security?
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Ericsson
#2 Posted : Monday, July 22, 2013 3:42:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
1.---Execution depends on the price you have quoted and takes place anytime the market is trading.

2.There is no charge for placing an order for a security even if it is rejected.Charge is placed on transactions that are succesful.
3.You cannot sell an order u buy on Monday on Tuesday since there is a certain number of days u have to wait for the settlement of the trade
4.yes u can by looking at the market watch
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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