Betting on the FTSE
Discussion
victor chandler have their own trading platform for financials, they have 1 point spreads on the ftse with IMR of 100
www.vcfinancials.com
plus a handy £250 cashback on losses when you start
www.vcfinancials.com
plus a handy £250 cashback on losses when you start
ShadownINja said:
Why not just learn to trade properly?
Any advice on texts/sources which teach how to do this?Before I offend eny professionals, I'm not doing this to make a living, just a bit of fun whilst at work, but obviously I'd like to be as informed as is practically possible.
btw joined up with IGIndex, very helpful guys, good operation. Thanks for the advice.
ShadownINja said:
Lots of links here:
http://www.trade2win.com/boards/trading-journals/7...
Superb! Thanks.http://www.trade2win.com/boards/trading-journals/7...
Fezzaman said:
Just out of interest, do most professional day traders use spread betting in their day-to-day work or actual share transactions?
Depends what their goals are. From what I understand, swing and position trading is favoured over scalping, because of the filling speed and spread.For day trading spread betting may be a better bet. Pardon the pun 
.
The fees are in the spread - so watch the spread. There is no CGT, stamp duty, explicit trading commmisions.
Also, you can gain the same exposure at a much lower capital outlay. Bear in mind you may need the money to back it up!! And don't forget, importantly it's easy to sell short. You can place stops/limits on your losses (at a cost) to prevent you from losing your shirt.
Example: bank share is trading on a spread betting site at at 200p(bid) -203p (offer). Buy at £50 a penny at 203p, so each penny it goes up or down you are have/have not 203-current bid price. Similar to having bought £10,150 worth of the share. There'll be a margin requirement depending on the market - say 10% for a FTSE100 share, so 1015 at the outset.
I'm no pro and I'm sure as heck there are others on here who can help you..
.The fees are in the spread - so watch the spread. There is no CGT, stamp duty, explicit trading commmisions.
Also, you can gain the same exposure at a much lower capital outlay. Bear in mind you may need the money to back it up!! And don't forget, importantly it's easy to sell short. You can place stops/limits on your losses (at a cost) to prevent you from losing your shirt.
Example: bank share is trading on a spread betting site at at 200p(bid) -203p (offer). Buy at £50 a penny at 203p, so each penny it goes up or down you are have/have not 203-current bid price. Similar to having bought £10,150 worth of the share. There'll be a margin requirement depending on the market - say 10% for a FTSE100 share, so 1015 at the outset.
I'm no pro and I'm sure as heck there are others on here who can help you..
Wow, there is a lot to learn from t2w.
Up until now I've just been spread betting with a demo account on vcf since May, and have been doing pretty well, but I fear the March onwards bounce helped me more than actual skill haha.
Feel so out of my depth reading journals about support and resistance levels, think I need to go find a good book on technical analysis!
Up until now I've just been spread betting with a demo account on vcf since May, and have been doing pretty well, but I fear the March onwards bounce helped me more than actual skill haha.
Feel so out of my depth reading journals about support and resistance levels, think I need to go find a good book on technical analysis!
Fezzaman said:
Wow, there is a lot to learn from t2w.
Up until now I've just been spread betting with a demo account on vcf since May, and have been doing pretty well, but I fear the March onwards bounce helped me more than actual skill haha.
It is good that you acknowledge this. There are a lot of newbie profitable traders who are going to get their arses handed to them on a plate in the not too distant future.Up until now I've just been spread betting with a demo account on vcf since May, and have been doing pretty well, but I fear the March onwards bounce helped me more than actual skill haha.
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