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ha05230

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About ha05230

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  1. @dmedin I’ve glanced over some of the signals, but never paid attention or a trade based on their analysis as often it has been incorrect. Like Reuters news it has tendency to change as the day goes on.
  2. I’d like to know the answer to this too, since it’s not a US holiday and normal Friday trading???
  3. What is the spread on Bitcoin? On my spread betting it’s 50, but looking at the other topic (crypto 10) and from forum replies it’s supposed to be lower. Why is there a discrepancy? @JamesIG
  4. How do I edit a post in Mac? I noticed my spelling mistake.
  5. @nit2wynit Shares Buy 1000 ABC shares @£1 (100p) will cost you £1000 +£8= Cost £1008 Hold onto them until they reach £2 then sell = £2000 - £8 - 10%tax = £1792= £784 profit It is unlikely that a stock will double in price in a day, it often takes a year to double. But you physically own the shares (certificate) and can sell them whenever you want so potentially only sell them when you’re in profit. Spread betting ABC has buy price 100p and sell at 90p your £1000 will allow 1000/(price x margin) = 1000/(100 x20%)= £50 per point So straight away you will be down 50xspread = £500. But then you would only need the ‘sell’ price to rise to 120p to make a 1k profit ((120-100(your buy price))x50. Having said that if the sell price dips lower by 20 points to 70p then you will lose your £1000 You can see from this spread betting is riskier especially if you want to trade a low cost share because your stake (the price per point) is higher. But the leverage gives you access to more shares (which you don’t own). In the example your £1000 is actually representative of ((1000/margin)x100)= 5000 shares I think what everyone was trying to say is that with spread betting it is unlikely you will find a low price share that has a low margin or low stake (cost per point). With spread betting you would need to stake a lot of money to get a few point movement on a low price stock, OR you need a lot of movement if you don’t want to stake much money. (I hope I haven’t confused you even more, but I had already written and saved this before @TrendFollower @Caseynotes or @JamesIG tried explaining to you, and if there’s any error in my explanation people please let me know. I am knew to spread betting myself) @nit2wynit do the tutorials in the IG academy before you even play with the demo account.
  6. US indices are open from 11pm Sunday right through to 10pm Friday (not taking into account US holidays) Daily trading times are UK 2.30pm to 9pm (US 9.30am to 4pm) You will see the spread being wider at different times depending on activity, so for example when there’s little activity after active trading times the spread is as wide as 9.8 points, more often it’s around 3.8. When the UK stock exchange opens at 8am, the spread on the US indices is 2.4. When NYSE opens at 2.30pm UK time the spread is 1.6 points. If the opening price is below your stop level on a buy/long you will be stopped out.
  7. Same, Wall St was my undoing this week 😏
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