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When BMO is forbidding shorting, CFD’s shows up!

September 12, 2019 00:01
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While an increasing amount of short sellers are active in cannabis stocks, one of Canada's biggest banks is forbidding short selling. The reasons claims to be volatility in medical cannabis shares.

However, individual and retail investors can still go short through other brokerage firms. Ihor Dusaniwsky, MD of predictive analysis at S3 Partners, says that there are still plenty of opportunities to short cannabis shares to other investment vehicles. One of the favourites the founders of ShortSelling.com is CFD's. The reasons is that CFD's are available 24/7 and can be traded from a wide range of online trading firms, without the need of “borrowing”. You still earn the profit when medical cannabis shares go down in value, if you use shorting with CFD's through brokers such as AvaTrade, Plus500 and Skilling. With a CFD (Contract For Difference) you can usually invest from $50 in both short selling, buying shares and commodities or even forex from the same platform. It's a very quick and simple way to get started with short selling – and perfect when banks such as BMO in Canada start forbidding short selling. But do they really think it will work? They will only loose money and business – but maybe that's what they like to do anyway?