Do you trade derivatives or are you share dealing

[u0362565]

Hi all,

Just out of interest i was wondering, if you trade with IG are you using derivatives or share dealing?  I don't think there are any other options with IG..  As i imagine most newbie's do i've been using a spread betting demo account and i know a lot of people seem very against spread betting, but if the spreads are low e.g. 1.5 or less is it so bad?  Yes you're behind from the start, i get that but you also avoid most taxes.  And if so are you using CFD's or not using leverage at all.  Are there "better" other leveraged products out there apart from SB & CFD's?

Thanks for the advice

[dmedin]

I'm not sure why I'd ever want to buy shares.  I understand the advantages, but you're paying everything up front and waiting for a long time for it to be worthwhile.  Maybe if I was very rich and could afford to put money away and forget about it for years.

[u0362565]

17 minutes ago, dmedin said:

I'm not sure why I'd ever want to buy shares.  I understand the advantages, but you're paying everything up front and waiting for a long time for it to be worthwhile.  Maybe if I was very rich and could afford to put money away and forget about it for years.

So you're trading CFD's then? Just wondered given experience which is the preferred option by most.

[dmedin]

3 minutes ago, u0362565 said:

So you're trading CFD's then? Just wondered given experience which is the preferred option by most.

SB is far easier than CFD, the only thing I miss on IG's platform is the ability to buy 'options' for stocks on the web platform.

[u0362565]

2 minutes ago, dmedin said:

SB is far easier than CFD, the only thing I miss on IG's platform is the ability to buy 'options' for stocks on the web platform.

Ah ok, I thought i read a post from you from a couple of years back where you said you didn't like spread bets due to the inherent spread but i guess you were thinking more about whats the lesser evil.

[dmedin]

13 minutes ago, u0362565 said:

Ah ok, I thought i read a post from you from a couple of years back where you said you didn't like spread bets due to the inherent spread but i guess you were thinking more about whats the lesser evil.

 

Some stocks have a ridiculous spread, which makes them not worth trading, but there's plenty of others!

[u0362565]

2 minutes ago, dmedin said:

 

Some stocks have a ridiculous spread, which makes them not worth trading, but there's plenty of others!

Ah yeah got you, definitely some ways to guarantee failure.  If you could use derivatives for longer term trading might be more reason to do it.