"Signed up recently, excellent service Thank you.

"I am attempting to organise my affairs, in hope of making the chart seminar in May, if not then next time. I attended your seminar in Sydney Australia, seems like a very long time ago.

Re; Your AUD/JPY Trade: The other day you mentioned your AUD/JPY trade, which raised a couple of questions with me, if you have time to address the listed below points it would be most appreciated:

1. You indicated you were trading Sep contract, where as many traders use the spot price, please elaborate your preference and why.

2. As a conclusion would it be correct to saying you are trading Forex Futures on the CFD platform and not CFD's? I trust the question is clear enough to answer."

Eoin Treacy's view Thank you for the feedback and I look forward to welcoming you to an upcoming Chart Seminar.

If my understanding is correct, Australian CFDs are roughly equivalent to the UK's spread-betting. In the UK, when one opens a spread-bet on the spot rate, it matures on the same day as it is opened so the position is constantly rolled forward, incurring charges on a daily basis. If one seeks to take a somewhat longer view, the cost-effective approach is to bet on changes in a longer-dated, related futures contract. In either case, one is taking a leveraged bet on changes in the price of the subject instrument, whether spot or a futures contract.