Hi everyone
I usually use spreadbet account to trade. I decided to buy Lloyds shares for long term on my Ig share dealing account. it quoted £990 for 2000 Lloyds share. Loyds share is currenty £48. Don't I need £96000 (48x2000=£96000) to cover the cost if the share price drops dramatically? I don't understand how £990 would cover it all? thanks in advance for your help