Hi Everyone,
I hope this message finds all readers well amidst the current mess we find ourselves in.
I have decided like many others recently to get into the world of 'trading', however I am trying to be smart and spend a good few months researching and understanding further before I even consider parting with my hard-saved cash.
My first question, and it is probably the most stupid, however I can't find a definitive, simple answer anywhere!
Why, when I want to open a trade with lets say BT Group, it doesn't allow me in input a certain amount of money/request a number of shares, which then totals up to a certain amount? Why is it based on a 'points' system?
I hope you understand my reasoning here, from a basic understanding of the stock market, I thought that the way it ususally works is you put in say £100 for x amount of shares, and then the valuation of those shares increases/decreases.
Where did this 'point' system come from?
If someone could send me some documentation explaining that would be greatly appreciated.
Hope to hear from you soon.
Kind regards,
Sam.