[Getting to grips with the basics]

Hi both, 

Thank you for your comments, greatly appreciated as always. 

I understand a lot more which way I need to take in terms of getting started. 

I will look into Freetrade's Share Dealing Platform, ideally I'd like to work with a 'cheap' share dealing platform that offers a demo account, as one of my main concerns is not understanding the platform well enough before I start putting my money down. 

My final question to you both, (as I'm sure at this point I am becoming an annoyance) @gezmond I know you have already stated a couple of different share-dealing platforms, but do either of you know of any decent 'cheap' share-dealing platforms that offer a demo account also?

 

Hope to hear from you soon!

Kind regards, 

Sam.

[Getting to grips with the basics]

Thank you both for your comments, it's massively appreciated. 

I apologise for sounding very inexperienced, but I thought using the CFD Platform on IG was the way to buy shares. 

A question directed at both of you, on what platform can I buy shares? IG has only CFD and IG? 

What online platforms do you recommend I look at?

[Getting to grips with the basics]

I understand that they are both risky. 

But don't you buy and sell shares (as you recommended) using the CFD platform on IG?

Or am I missing something??

[Getting to grips with the basics]

Hi, 

Thank you for your reply. 

Greatly appreciated. 

Yes after looking into it a bit more, I will definitely be starting out with CFD. 

In your opinion what is a good platform to start off with? I have a demo account that i've been using with IG for a couple of weeks now, and I quite like it. 

But are there any others out there more suited to a beginner?

 

Thank you!

[Getting to grips with the basics]

Hi Charlotte, 

 

Thank you!

This makes so much sense, and I can't believe I didn't realise this right at the start. 

If possible, can I ask one more question?

In your experience, would you recommend that I operate on the CFD platform (especially at the start of my investment 'career'). 

It seems more understandable to laymen such as I. 

What are the advantages / disadvantages of CFD vs Spreadbetting?

Thank you again, and kind regards. 

Sam.

[Getting to grips with the basics]

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.