#股票交易挑战最高赢17000U The money-making opportunity is here! Gate Stock Trading Challenge unlocks a prize pool of 17,000 USDT! Want to be that lucky fish? Here's the most comprehensive guide to passing, feel free to take it if needed 😄

Complete Guide to Stock CFD Trading
1. What is a Stock CFD?
A Contract for Difference (CFD) is a financial derivative where both trading parties agree on the future price movement of an underlying asset. Profit or loss depends on the difference between the closing price and the opening price. You do not actually hold the stock but profit by tracking the stock's price through a contract.

On Gate TradFi, you can use USDT as margin to trade popular US stocks like Apple (AAPL), Tesla (TSLA), and major global indices such as Nasdaq 100 (NAS100), S&P 500 (SP500), without opening a traditional securities account.

2. Gate TradFi Activation and Deposit
1. Update App: Ensure Gate App version ≥ V8.4.5
2. Enter TradFi: Tap the bottom navigation "Contracts" → "TradFi"
3. Open Account: Agree to the terms and open a TradFi trading account (KYC required, gradually available in some regions)
4. Transfer Funds: Tap "Transfer" and move USDT from spot account to TradFi account
5. Select Asset and Place Order: Choose the stock CFD you’re interested in, select direction and amount, then place the order
⚠️ Currently, TradFi only supports app trading; web version is not yet available.

3. Order Types Explained
1. Market Order
Executes immediately at the best available price, without specifying a price. Suitable for quick entry and exit.
2. Trigger Order
Set a trigger price; when the market reaches this price, the system executes at the best available price at that moment. Suitable for strategies like "buy Apple at 200 USD."

Note: Trigger orders are not the same as limit orders; execution price may differ from the trigger price.

Regarding unit selection:
Saying "1 lot" → choose lot
Saying "Invest 100U"/"Margin 100U" → choose cost
Saying "Position value 100U"/"Nominal value 100U" → choose value
If only "100U" is mentioned, confirm whether it refers to investment cost or position value.

4. Trading Costs
1. Fees
A fee is charged when placing an order. VIPs level 5 and above enjoy exclusive fee discounts.
2. Swap Fee (Overnight Holding Fee)
TradFi CFD contracts do not have a funding rate, but holding positions overnight incurs a swap fee. Stock CFD swap fees are usually calculated as a percentage:

Formula: Swap Fee = Number of lots × Contract size × Opposite price × Swap rate / 360 × Swap multiplier

Example: AAPL swap rate is -6%, holding 10 lots, contract size 1, opposite price 351.44: Swap fee = 10 × 1 × 351.44 × (-6%) / 360 = -0.5857 USDT/day

⚠️ The more days you hold overnight, the more the swap fee accumulates — this is the core reason why CFDs are not suitable for long-term holding.

5. Common Trading Strategies
1. Swing Trading
Buy at relatively low points and sell at high points within a price swing, or short at high points and cover at low points. Suitable for beginners with some market judgment skills, moderate operation pace.
2. Breakout Trading
Follow through when the price effectively breaks key levels — go long on an upward breakout, short on a downward breakout. Requires identifying support/resistance levels in advance and trading with the trend after the breakout.
3. Reversal Strategy
Enter when you anticipate a trend reversal. Go long at the end of a downtrend, short at the end of an uptrend. Higher risk, suitable for experienced traders.
4. Intraday Trading (Day Trading)
Open and close positions within the same day, avoiding overnight holding to prevent swap fees. Positions last from minutes to hours, buying at support levels and selling at resistance levels.

6. Risk Management Tips
1. Control Leverage
CFD leverage amplifies both gains and losses. New traders are advised not to exceed 3x leverage of their own funds to avoid excessive risk.
2. Set Stop-Loss
Set a stop-loss price when placing each order to limit maximum loss per trade. Stop-loss is the first line of defense to protect capital.
3. Watch Swap Fee Accumulation
Avoid holding positions overnight if possible; if necessary, consider how swap fees erode profits.
4. Be Aware of Liquidation Risk
When margin balance falls below the maintenance margin requirement, positions will be forcibly liquidated. High leverage + volatile markets can trigger margin calls easily, so always keep sufficient margin.
5. Diversify Positions
Don’t concentrate all funds in a single asset or direction. Proper diversification reduces overall risk.
6. Review and Record
Keep records of entry/exit prices, position sizes, stop-loss settings, and trading reasons. Regular review helps improve success rate.

7. Key Reminders
1. Stock CFDs do not own actual stocks, so no voting rights or dividends.
2. TradFi services may be restricted in some regions; confirm if your area is supported.
3. CFDs are leveraged derivatives and can lead to significant losses or total loss of capital.
4. Holding positions overnight incurs swap fees; for short-term trading, prioritize closing within the day.
5. Always set a stop-loss before trading to control risk.
6. Read the "CFD Service Agreement" carefully before trading.

This guide is for educational purposes only and does not constitute investment advice. CFD trading involves high risk; trade cautiously according to your risk tolerance.