Share Dealing

[Paulgooner]

Hi, I was looking at buying some shares just as a hobby etc. I went on to a share dealing site to check a price and clicked the buy link only to see the buy price was lower than the FTSE price. It put me off, I am a complete novice so can anyone tell me why the buy price was lower. any tips... cheers

[Beardy10]

The "FTSE" price may have been a delayed quote....many sites use a price feed which is delayed by 20 mins. The dealing price should gave been a live price. Ask them and see what they say?

[bogie]

its "the spread" ...the bid and offer prices (buy and sell)

buy yourself a begginers book in laymens terms ....Robbie Burns did a good one - The Naked Trader

http://www.nakedtrader.co.uk/

[Paulgooner]

Thanks for that, been on the site looks interesting. I'll get the book and see what develops.

[ShadownINja]

bogie said:

its "the spread" ...the bid and offer prices (buy and sell)

buy yourself a begginers book in laymens terms ....Robbie Burns did a good one - The Naked Trader

http://www.nakedtrader.co.uk/

Yes, as trading books go, that isn't bad!

[Beardy10]

bogie said:

its "the spread" ...the bid and offer prices (buy and sell)

that doesn't make sense....if the FTSE price was a mid price the offer would be higher not lower than the mid.

[bogie]

maybe I misread, I thought the OP was getting confused as the price to buy he was seeing was different to the ones on some stock quote site ...as it often is, with a changing spread and 15 min delayed data etc