Stock Market Spread Betting...

[Barry123]

Anyone do it?

One of mates was chatting to me last week about this. He's always had a thing about getting into trading and the stock markets and all that shizzle.

Now it's early days for me, and the fact I actually don't gamble and don't even know how to use those gambler machines, but fancy researching a bit and taking a plunge. As its less about outright luck and more about good analytical skillz, luck, and experience I'm guessing.

My previous landlord used to do this and made enough to buy 20 properties in the Guildford area, owns a 7 bedroom house and has a handy man to do everything for him - his handyman has a mercedes
- so that's the upside

Danr knows him
- so that's the landlord's downside.

My mate, from an initial investment of £50 is down £35 by the way :ponder:

http://www.igindex.co.uk/

Views?
Opinions?
etc

[evans1089]

I read about this in a magazine. It seems quite good for the amateur.

Have you tried it Ad?

[Danr]

There was a programme on recently on bbc one about this. Was a 4 week thing where about 8 ametuers had to manage a 1 million dollar hedge fund.

IIRC one person actually made profit.

[Matty-VTR]

My old man has just started doing it and is up about 2.5k for now

[Peejous]

We play £10 games on roulette in the bookies.

3 people play, £10 on one spin, idea is to get to £30 to make everyone's tenner back.

You either win or lose, if you lose the other people go.

We started of the other day with £10 each went home with £150

[Barry123]

I read about this in a magazine. It seems quite good for the amateur.

Have you tried it Ad?

nope, I'm wasting much of my Phd research time on this instead though... :cool:

There was a programme on recently on bbc one about this. Was a 4 week thing where about 8 ametuers had to manage a 1 million dollar hedge fund.

IIRC one person actually made profit.

yeah I watched that too man...
A lot of them just blindly traded on random shite rather than thinking about it (at least that's how it was portrayed).

[Danr]

That's true but even the main man made a loss! Also the asian guy who worked in the shop did it at home and made a huge loss as a student.

If you can afford to do it give it a go. Remember though it's so easy to make a loss. Companies aren't rapidly expanding like the used to.

[Clouds_mate]

There was a programme on recently on bbc one about this. Was a 4 week thing where about 8 ametuers had to manage a 1 million dollar hedge fund.

IIRC one person actually made profit.



Yep.

http://www.bbc.co.uk/programmes/b00gthhq

Was a real good watch.

[Dr_Lee]

Recycling companies, re-newable engery, companies looking at contracts with goverment authorities.

Basically, Read the Financial Times.
Its a good starting place.

[Danr]

Yep.

http://www.bbc.co.uk/programmes/b00gthhq

Was a real good watch.

I really enjoyed it. Would love to do that job and i'm sure i've got what it takes. My boss used to do it before black monday back in the late 80's/90's!

[infinitym4ge]

thanks ad's ive been looking for somthing like this. gona put in £100 and see how it goes :y: how you have you been doing so far?

[Barry123]

thanks ad's ive been looking for somthing like this. gona put in £100 and see how it goes :y: how you have you been doing so far?

Only got an account with IG (no money it in though) so i can track the various trades for the time being dude.

It's early days for me!

Good luck with everything although make you know the risks blahblah
There is going to be millions of web pages about how people made loads and very few if any where people will have admitted they've had to sell their house :err:

[VtsTom]

I have a bit of money tied up at the moment. Wont give advice as knowing me it will be wrong.

Everything i learned was from this website:
http://www.bullbearings.co.uk/student.centre.php

Bloody awesome if your a nooob. Made £150,000 one week. Shame it isnt real :(

[Barry123]

I have a bit of money tied up at the moment. Wont give advice as knowing me it will be wrong.

Everything i learned was from this website:
http://www.bullbearings.co.uk/student.centre.php

Bloody awesome if your a nooob. Made £150,000 one week. Shame it isnt real :(

you legend tom.

I was looking for one where you could phantom trade (or whatever the correct term is)

legend.

[VtsTom]

Its a really good site. Lays it down in laymens terms for newbies and helps build your portfolio as you go. Great for advice. Plus its not your actual money when you get it wrong, which you will

[m17ky-u]

i put 300 a month away into these, the bank just sorts out who the moneys going to etc.

[infinitym4ge]

Only got an account with IG (no money it in though) so i can track the various trades for the time being dude.

It's early days for me!

Good luck with everything although make you know the risks blahblah
There is going to be millions of web pages about how people made loads and very few if any where people will have admitted they've had to sell their house :err:

hmm your right but im not going to mak any big deals, just small ones hopefully makeing a big mistake then making a run for it lol!

[infinitym4ge]

i put 300 a month away into these, the bank just sorts out who the moneys going to etc.

dont get it? you fund hedgefunds? or actualy trade..

[Mr_X]

no disrespect but 99% of noobs get burnt.

[craigant]

really want to try this but the risk seems huge.

[VtsTom]

If your worried just try signing up on www.bullbearings.co.uk.

Its a phantom market. Great learning exercise and gets you hungry for real money!

[dannyboy2005]

I went to the bookies last night for the first time ever.

I put £1 in a machine.

5 mins later, i left with £10.

Was playing that roulette game on the computers.

i pwned.

Untill...

A guy walked in.. Put £6 in the machines and walked out 10 mins with £118

[Barry123]

no disrespect but 99% of noobs get burnt.

totally true man I don't deny that. Just I'm interested and if you've got good analytical skillz then you stand a better chance than those that just blindly click away :)

[Nij]

i gamble here and there, cant say i am good at it, but i lost almost £12k when 911 happened and so far i have lost about £350 because of the credit crunch. although saying that, in the past i have had holidays and even a almost new Audi from it.

the best 'share' i own is one for a film being made, it is more of a buy because of what it stands for rather then making money....thought you never know, if its a blockbuster (which i very much doubt) i might be looking at buying myself something nice lol

[Mr_X]

totally true man I don't deny that. Just I'm interested and if you've got good analytical skillz then you stand a better chance than those that just blindly click away :)

Yes, what i would say is...

go for longer term investments
only risk what you can afford to lose
watch out for "hidden costs"
share price = speculation
eggs and plenty of baskets

like you say dude, there is a lot of info out there and there are areas that tend to perform better in downturns.
i know what you mean, its nice to build up a portfolio.

[makaveli144]

Sayer ive been looking into this too, try etx capital they let you set up a player account that uses virtual funds but on their actual spread betting system so you can get used to it/see if you can do it etc.then if you decide to you can change the account and use real money. The account also has mandatory stop losses in place so you cannot lose an infinite amount etc.

One thing I will say though is there isn't much in the way of guides/tips etc on there like there is with IG.

[infinitym4ge]

have a look at this site... live trading on a demo acc with £10k in the bank :y: loving this one for simple easy learning!

http://www.capitalspreads.com/public/

[Barry123]

top stuff lads! keep em coming!

[AM4R]

Im into shares and stuff. All im going to say is that you really have to research before you buy. I have lost 2.5k on rbs, but made 1k on them at a lower price. I also bought into a coal mining company and have quadrupled there so happy with that. You just gotta find the right time and boom do it!

[infinitym4ge]

might fid this interesting.. alot of people use several spread betting websites. read this for a full list of all of the top ones in europe :y:

http://www.financial-spread-betting.com/where-can-I-spread-bet.html

[infinitym4ge]

my choice will be this website :y: im going to spend a a few months watching and trading on a demo account befor i decide to invest £100 and trade for real :y:

http://www.etxcapital.co.uk/

[infinitym4ge]

worked out a good stratagy on IGindex.

i have my stop limit set realy high so if i jump in at 4425 my stop would be set at 4350, and my limit would only be about 4440, thats if i where buying. and i watch the graph so when it looks realy low id jump in on the up.

this costs more and you have more chance of loosing alot, but the chances of the market going that low seem unlikely if you watch the daily average.

because i have a limit set i can go to work safe in the knowlage that if i hit my limit im out with a nice little profit.

the gamble comes if the market moves the other way like crazy i loose big =(

having small stops and limits if naff because the market moves too quickly!

19-FEB-09 jumped in4011.5 bet per point£+0.10 limit4030 p/l1.85+

i had my stop set at somthing like 3963

what's your stratagy?

[Barry123]

still just keeping an observation at the moment...

Keeping an eye on the FX mainly... EUR/GBP has interested me (shot up 100 points in the space of an hour yesterday so some news must have hit BIG TIME, but yet to find out what).

really I want to hedge, so I need to gather more information and interest in other currency's i think. Then I can lay out a few buys and sell simultaneously.

that's the plan at least!

[Mark51]

ads - i'll send you some cash and send it back to me when you have doubled it?

[Barry123]

be very very very long time man... I'm going ultra slow at this, phantom trading until things start to make some sort of sense... then play with small amounts of dosh (like a tenner - 10p per point trades).

Ideally i wish I'd looked into this when I was employed and had more time on my hands :wall:

[Mr_X]

i lol's at the hedging of vw shares, :panic:

[makaveli144]

The thing with currencies is that th Market is very volatile as you found with the jump yesterday,bear in mind that it can just as easily slip 100pts in a short space of time and then you either have to have the funds in your account to cover or make a margin call.

[Matty-VTR]

My dads shares tripled today..hes invested in some mining companys

[infinitym4ge]

unless your watching it constantly you wont be able to do this, i can only do it with limits and stop's. the problem with spred betting is you HAVE to have a stop which is what costs, thats how these company's make their money. unless you have the funds to have a nice big stop your alright and you can go long.. otherwise your stuffed because if you can only afford a small stop lets say 10 points you dont stand a chance.

that was my don fall to begin with.

one other thing with IGindex... you start at 10p per point, but after your intro period it jumps to £1 per point! so it will cost you hundreds of ££'s to go long.

[makaveli144]

a stop which is what costs

Who are you using if your stop costs?Also stops are not guarenteed, there can be slippage.

unless you have the funds to have a nice big stop your alright and you can go long.. otherwise your stuffed because if you can only afford a small stop lets say 10 points you dont stand a chance.


Its actually harder to short. And whether you have 10points long or 10points short the market can still go either way and catch you out. You should not set a stop so low anyway due to natural fluctuations in the markets.

[infinitym4ge]

stop is when the market moves against you?

[makaveli144]

stop is when the market moves against you?

yes....

[Barry123]

wooooo done my first fantasy trades....


£6 up already :cool:

[craigant]

crap.... totally forgot about mine ill go and check now

[oli208]

I invested £2k in Barclays about 2 months ago when it was said that the government might have to give them money n every1 though i was made, but now they have anounced profits of £6 billion ma shares are going up n up in value YAY!!!!!

[oli208]

Mad not made BTW lol

[craigant]

made £96.24 WOooo

[Barry123]

is this real life or imaginary!?

[oli208]

i did REALLY invest 2k in Barclays lol n im makin a nice profit 2!:):)

[craigant]

imaginary lol not using real money for a while yet

[Barry123]

i did REALLY invest 2k in Barclays lol n im makin a nice profit 2!:):)

mate well done on that one! :y:

imaginary lol not using real money for a while yet

I'm fucked up one, so I invested massively and pulled it back... about £3 up lol

not good.

[Luke]

Cannot access at work due to 'Gambling Content' :(

[craigant]

I invested with the ftse 100 and pipex ltd
@ £102.91 at the mo

[Barry123]

I'm sticking to FX mate.... I can't concentrate on more than two things at once :panic: lol

nice and volitile... I've laid done £500k GBP/EUR short @ 1.1413 so fingers crossed it drops a chuck

(that's a 5k margin on it)

[Barry123]

I'm sticking to FX mate.... I can't concentrate on more than two things at once :panic: lol

nice and volitile... I've laid done £500k GBP/EUR short @ 1.1413 so fingers crossed it drops a chuck

(that's a 5k margin on it)

if I buy now I've made £550 just like that :y:

going to hang on a little longer though...

[betty02]

What my mates did was enter a online big monye poker tournimeant was something silly like 6 players at £500 a pot each so what happened was on of my mates created a room my other 4 joined the room an waited for a 6th player, they then worked togeather to beat the 1 player talked on MSN with what hands and what to do next etc and they then split the £500 5 ways for a £100 profit, did this once a night providing they won 99% of the time they did!

[craigant]

Just looked at my overall account balance as I was looking at just today before and I've made £9,931.10 since this thread started and I bought a sell bet at £50 per point on ftse 100 wish it was real money now :-(

[makaveli144]

Oops sorry

[makaveli144]

It does seem to be easier if you can sit and watch it,I'm having trouble with work so I have resorted to just doing it on my dinner and seems to have been working better for me.

Anyone got the free book from etx capital?mine arrived last week.it's handy for quick reference.

Good find btw sayer,I would never have known it existed if it wasn't for this thread.

[Barry123]

free book??? any links?

It's cool man, I'm just interested in it rather than aiming to make my millions :err:

edit: which is just as well as I'm down £5k now.

[andrew0510]

Good luck mate,

Buy me a BMW if you get really rich as it would be my luck that gets you the fortune ;)

[makaveli144]

http://www.etxcapital.co.uk/Spread-Betting/Book-Offer.aspx

there is the freebook link.

It's cool man, I'm just interested in it rather than aiming to make my millions

Yea Iv looked into it quite a lot since you started the thread so its just trying to put it into practice now.