City bods - good indices advice?
Discussion
Hello all,
I am thinking of having a go at some spread betting on a small scale. I have signed up for a demo account on Capital Spreads, which has been a great way to learn about it before trying the real thing.
I still have lots to learn, but so far I think I will stick to the indices, particularly the DAX and the FTSE. Can anyone point me to some really good analysis for the main indeces? Not looking for inseider info or anything, but I could do with some advice on what is the more reliable information out there. Ta.
I am thinking of having a go at some spread betting on a small scale. I have signed up for a demo account on Capital Spreads, which has been a great way to learn about it before trying the real thing.
I still have lots to learn, but so far I think I will stick to the indices, particularly the DAX and the FTSE. Can anyone point me to some really good analysis for the main indeces? Not looking for inseider info or anything, but I could do with some advice on what is the more reliable information out there. Ta.
You're asking for the impossible in a way as no one out there has a crystal ball as to where the market is going to move next.
A good read on the pitfalls of trading and some regular, repeated (and oft-ignored) advice about managing risk can be found on this epic thread:
http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Start small. Use stops. Easier said than done for most I think. Good luck.
A good read on the pitfalls of trading and some regular, repeated (and oft-ignored) advice about managing risk can be found on this epic thread:
http://www.pistonheads.co.uk/gassing/topic.asp?h=0...
Start small. Use stops. Easier said than done for most I think. Good luck.
Edited by limpsfield on Monday 3rd September 15:43
I've had a go with this myself recently and with Capital Spreads. What time span are you willing to trade for? Are you willing to open a position with a stop loss of 150 points or more and perhaps close a position at the end of the week or do you intend to ride the peaks and the troughs and trade in minutes? Realistically, how much are you willing to risk?
shadowninja said:
Here we go again. 
I've now become an investor I've put it all behind me now until i've got money i'm willing to burn. You're not still slumming it on the binaries? Spread betting is definitely a hard way to make an easy living, they say that about poker too 
Edited by g4ry13 on Monday 3rd September 17:42
Focusing on Forex, now. They have this new fangled thing called "stop loss". It'll never catch on.
Backtesting DJC's method, it would have worked more successfully when he first mentioned it. Nowadays, gold and silver is more volatile, IMO.
Backtesting DJC's method, it would have worked more successfully when he first mentioned it. Nowadays, gold and silver is more volatile, IMO.
Edited by shadowninja on Monday 3rd September 18:14
shadowninja said:
Focusing on Forex, now. They have this new fangled thing called "stop loss". It'll never catch on.
They're bad apparently, I had it bashed into my skull how they're bad as you may have seen I can see their point to some extent (but I better be quiet as this may start again 
and don't want to hi-jack this thread.)Well I signed up with IG Index yesterday, and so far I've managed to turn a tenner into £13.25. Makes me whish I had a grand spare...
Still sticking to the small-time stuff while I learn the ropes, but it's quite fun so far! DJC's advice has really helped me get an understanding of how binaries work and how to make money from them, so big thanks to him.
Still sticking to the small-time stuff while I learn the ropes, but it's quite fun so far! DJC's advice has really helped me get an understanding of how binaries work and how to make money from them, so big thanks to him.
D-Angle said:
Still sticking to the small-time stuff while I learn the ropes, but it's quite fun so far! DJC's advice has really helped me get an understanding of how binaries work and how to make money from them, so big thanks to him.
Did you keep reading through that thread to the end? I don't think anyone actually following DJC's strategy made any money in the long run. You're always going to lose when playing the binaries (as that thread repeated many times). Are you doing binaries or spread betting (like you said in your first post)Edited by g4ry13 on Wednesday 5th September 11:02
trooperiziz said:
shadowninja said:
Backtesting DJC's method, it would have worked more successfully when he first mentioned it. Nowadays, gold and silver is more volatile, IMO.
News at ten: Investor makes money when market is good! shadowninja said:
trooperiziz said:
shadowninja said:
Backtesting DJC's method, it would have worked more successfully when he first mentioned it. Nowadays, gold and silver is more volatile, IMO.
News at ten: Investor makes money when market is good! 
g4ry13 said:
D-Angle said:
Still sticking to the small-time stuff while I learn the ropes, but it's quite fun so far! DJC's advice has really helped me get an understanding of how binaries work and how to make money from them, so big thanks to him.
Did you keep reading through that thread to the end? I don't think anyone actually following DJC's strategy made any money in the long run. You're always going to lose when playing the binaries (as that thread repeated many times). Are you doing binaries or spread betting (like you said in your first post)
D-Angle said:
I'm still reading that thread, it takes a while. Seems sound enough though - wait until a market is near to closing, then take a small profit from what is left in the spread. I'm sure I'll get it in the arse at some point though!
I don't want to spoil the ending of the thread for you so don't read any further if you want to see how things evolved.It didn't end in everyone driving off to the sunset in Veyrons.
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