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CFD TRADING EXAMPLE 
You believe that the US TECH 100 will fall so you decide to sell a CFD based on 100 underlying futures contracts for that market.
Boston Merchant Financial quotes you a spread of 1280/1284 for the US TECH 100.
| OPENNING TRADE | |
| Price of US TECH 100 (US$) | 1280 |
| Number of underlying contracts | 1 |
| Value of position (US$) | 1280 |
| Transaction Fee $ (per round turn) | .75 |
| Margin requirement @ 5% (US$) | 64 |
After 2 days the market has risen and you decide to close your position.
| CLOSING TRADE | |
| Price of US TECH 100 (US$) | 1300 |
| Number of underlying contracts | 1 |
| Value of position (US$) | 1300 |
| LOSS ON TRADE | |
| Opening value (US$) | 1280 |
| Closing value (US$) | 1300 |
| Gain on position (US$) | 20 |
| Transaction Fee $ (per round turn) | .75 |
Total Loss on this position is $20.75
Risk Warning: CFDs are margined products; it is possible to lose more than your initial margin deposit or credit allocation as well as any variation margin that you may be required to deposit from time to time. Therefore you should only speculate with money that you can afford to lose.