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CFD Explained: What You Need to Know

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CFD Explained: What You Need to Know

CFD, or a contract for difference is a form of derivative trading. It allows you to guess the rising or falling prices of the financial market from all over the world (we’re also talking about instruments here) – indices, shares, currencies, commodities and treasuries. If you want to know what is online contract for difference trading, then you came to the right place.

Trading

Regarding CFD trading, you should know that you’re allowed to trade on margin –  you can even sell if you think that the prices will go down, or you can buy if you think the prices will rise.

They’re tax efficient in the UK, and you can use them to border a present physical portfolio.

How does CFD trading work?

The thing with CFD trading is that you don’t buy, and you don’t sell underlying assets, such as physical share, commodity or currency pair. What you do buy or sell is a number of units that come for a specific instrument, and it depends on your opinion regarding the prices: will they go up or will they go down?

If the price of the instrument moves in your favor, for every point that comes for you, you get multiple numbers of CFD units that you have sold or bought. For every point that comes against you, you’ll get a loss. It’s good to keep in mind that losses will exceed your deposits. Read more on the free forex trading live charts.

What are margin and leverage?

CFDs are leveraged – so you’ll only get to deposit a small percentage of the full value of the trade – that if you want to open a position. This process is called ‘trading on margin’ and is also known as margin requirement.

Trading on margin will allow you to expand your returns; your losses will also be expanded when they are put on the full value of the CFD position. This means that you can lose even more than any capital that you deposited before.

What is the price of CFD trading?

For spread

You will buy trade by using the price of the buy that’s quoted and that exits using the selling price. If the spread is narrowed, the price won’t need to move in your favor before you actually start making money. The same goes for losses.

For Holding costs

The end of every trading day is 5 pm, the New York time. When it’s the end of the day, any position that is opened in your account (and which will be charged) is called “holding cost”. This one can be positive or negative – it depends on the direction of your position and on the applicable holding rate.

For Market data fees

In order to trade or even view the price data for shared CFDs, you will need to activate the market data subscription – this will cost you a small fee.

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Uganda Rugby Cranes flagged off ahead of Zambia, Zimbabwe clashes

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The rugby cranes today had their last training session at Kyadondo rugby grounds ahead of their return legs with Zambi and Zimbabwe. The rugby cranes were seen off by some of the staff from their main sponsors Nile Special and enjoyed previlage of the company of the American and South African ambassadors.The Uganda rugby team besides going for the wins have also fronted the Nile Special current campaign #NoExcuse which is aimed at reducing sexual harassment in society.

Here is the selected team to fave Zambi and Zimbabwe

1. Ssenteza Santos

2. Kivumbi Saul

3. Kimbowa Collin

4. Asuman Mugerwa

5. Odugo Faragi

6. Kanyanya Ronald

7. Otto Micheal

8. Olet Simon Peter

9. Odong Charles Uhuru

10. Asaba Brian

11. Pius Ogena

12. Ayera Desire

13. Emong Eliphaz

14. Aaron Ofoyrwoth

15. Epilo Paul Emmanuel

16. Ivan Magomu Arthur

17. Masendi Paul

18. Okorach Micheal

19. Munyani Ian Arnold

20. Wokorach Philip

21. Semwami Daudi Ashraf

22. Simwende Kimono Justin

23. Kasito Adrian

24. Oketayot Byron

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Tusker Lite confirm participation in first ever Food Street Festival in September

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On Monday, the first ever “KCCA Foodie Street” was introduced to the Ugandan social events scene promising an assortment of delicious local delicacies all aligned to take place at the heart of the city’s most esteemed street, Parliamentary Avenue come Saturday, September 7, 2019.

The Foodie Street will host food lovers within the city to a day of merrymaking on the food filled street is organised by KCCA and My Food Network in partnership with Tusker Lite to bring food lovers an unforgettable food fest.

“Kampala is the entertainment capital of East Africa and KCCa has a strategy to make it the premier entertainment and tourist destination in Africa. One of the ways to do this is to showcast our rich culture and hospitality and we know that showcasing our abundant street food, we can achieve this goal, said KCCA Director of Education and Social Services, Mrs Namuddu Juliet Nambi.It has been touted as a fun outdoors lifestyle food event that will showcase Ugandan street food while offering a variety of treats from the different street food exhibitions set to leave food lovers spoilt for choice. Revelers will be given the option of pairing their dishes with either a Tusker Lite or Coca Cola.

“Tusker Lite remains at the heart of the best food experiences in the country. We are looking forward to bringing foodies the party flavour in the first edition of this fun outdoors food experience come September,” said Balaba Brian, Key Accounts Manager, UBL.The event shall have over 30 street food vendors catering to the public from 10:00am to midnight. The event is a mirror of other street food festivals held in numerous cities around the world like Paris, Berlin, London, Manila and Brussels, just to mention but a few.

From sunrise to sunset the streets will be buzzing with activity with every other stall premise creatively set up as either a café or restaurant with Kampala City Council Authority giving the greenlight on the fun food event. There will also be music, dance and drinks all perfectly placed under one historic venue, Parliamentary Avenue located between the IPS building and Jumbo Plaza. Entry to the event is free.

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Nile Special ‘No Excuse’ Campaign to highlight Sexual Harassment  

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Nile Breweries under its flagship brand Nile Special has launched a behavioral change campaign dubbed “No Excuse” with the aim of addressing the predicament of sexual harassment in the country. The brand will address the subject by calling for smart drinking measures among its consumers,since alcohol abuse has been identified as one of the primary catalysts for sexual harassment.The aim of the ‘No Excuse’ campaign is to:

• shine a spotlight on the  sexual harassment problem.

• to bring about a change in long established societal behaviours and attitudes

• to activate bystanders with the aim of decreasing and preventing this act

• challenge the public to take appropriate action against perpetrators of sexual harassment

• encourage stakeholders to support the victims to access appropriate support services.

Attention is increasingly being paid to the prevalence of this vice in Uganda. Whether this is down to more cases being reported or the abuse is on the rise, is a matter worth investigating. What is certain, is that the public space in which women can freely express themselves must be guarded. This calls for collective reflection by all stakeholders on the measures to be undertaken to ensure that every individuals rights and freedom are protected as enshrined in the constitution under Article 20.Utilizing the brand’s online platforms, the campaign will implore the public have its say on what constitutes sexual harassment. The information will be curated and the data presented into a communication campaign to both raise awareness and also educate the public about sexual harassment while changing people’s attitudes and beliefs.

 Francis Nyende, the Nile Special Brand Manager said, “It is a good thing that the plight of women regarding sexual harassment is edging to the fore of the national discourse. But it’s also rather disturbing that almost daily there’s a story about a woman that has been sexually harassed. As one of the leading Ugandan brands we have decided to champion the cause. ”Our ultimate goal is to reduce and prevent the incidences of sexual harassment, which affects the lives of too many women, both directly and indirectly, and thereby make a much safer society.

“Some of the places where women are more susceptible to sexual harassment is during the nightlife (bars, discos etc). At certain hours of the night, after consuming a couple of bottles, some men throw caution to the wind at the expense of the women. So we are here to educate revelers that they should drink smart, there’s no excuse for sexual harassment,” says Nyende.

Ms. Gloria Nakafeero, the Commissioner Gender and Women Affairs, Ministry of Gender,

Labour and Social Development said, “We are using the ‘No Excuse’ campaign as a catalyst to

get people to question themselves and their behaviors. We are aware that by identifying the problem we shall need to do more to try and create meaningful change.  So by raising awareness about the issue, the existing laws and policies as well as the existing support services, we will contribute towards positive change in attitudes to make sexual harassment “inexcusable” and unacceptable and demand positive actions towards the elimination of sexual harassment.

I am happy to be associated with the Nile Special ‘No Excuse’ campaign.  It always starts with a simple insight. What rings true for me was the idea that in Uganda, whenever we observe or encounter of sexual harassment, we’re inclined to absent ourselves of any responsibility – or worse still, excuse behaviour that’s totally inexcusable.”  Article 24 of the constitution protects the dignity of every one in Uganda. No person shall be subjected to any form of inhuman or degrading treatment. This includes respect of a person to their psychological or mental wellbeing.

Enough is enough. Let’s stop excusing sexual harassment. Learn more at the Nile Special ‘No Excuse’ campaign websitewww.noexcuse.ug

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