Have been doing a bit of spread betting on currency and oil to try and get some extra cash. Made a wrong decision today and instead of making £300 I bottled it and lost £86.

I'm still up though as the other week I made £150

Its not life changing money, but it gives a buzz. I'll have to be careful not to get addicted

 

ive been doing this for a while
good when your up but worse if it all goes wrong

 

I'd be better off just putting a couple of hundred quid a month in a savings account. I may get that 400bhp engine sooner then

 

How'd you fnd out about tha mate? Id love to do some small scale short term investment/ Was looking at penny shares as you can make a lot with those, but the price doesnt ever seem to change with them ;p;

 

cool

can i have your car please mate?

 

www.cityindex.co.uk

 

I use www.tradindex.com you can set up a fantasy account which i did for a month or two. I made £500, but once you put your actual money in, it changes the perspective on the whole lot.

Only put in what you can afford to loose.

You need to put in a certain amount to cover yourself if the market jumps quickly and you miss it. You can also put a stop at a certain point so you only loose so much if it goes the wrong way.

I put in £400 and that allows me enough room to place £1-£2 bets

 

im more than put of shares after I put £500 into marconi ones few years back timed it all totally wrong!!

my other managed funds are doing rubbish aswell about 5 years in and its not even made it back up to what ive invested after the drop.


what kinda figures are you gambling with paul?

 

As above Melv. I put a £1-£2 bet per point it moves. In the case of Oil a point is actually $0.01 so a half dollar movement in the price means £50 on a £1 bet. I was betting on the $ vs the euro today and that moves on 0.0001. I bet £2 and it moved 150 tics AFTER i lost £86 and closed the bet, because I thought it would continue against me. 1 hour later it turned and dived. If I held on I would be £300 better off. Hay-ho

 

ive poured a bit of money into some shares couple of weeks back
£650 up so far

 

twisted as it might sound but....i made a killing on shares on that sept 11th

soon as i heard i dumped £20k of shares, bought them back in the afternoon when they were on the floor, and sold them a week later.....£7k up

give a £500 to charity as i went on a mental guilt trip!

then spunked the rest on a holiday and karting


Pugo

 

im going to start playing soon - when ive got money to lose!

think i'll favour exchange rate swaps/options/futures instead of buying and selling shares. a little too risky for me! you dont earn as much but you also dont lose as much!

 

matt
no matter what you do there is always risks
depends on how big/small the risks are
bigger risks=more gain/lose
lower risks=less gain/lose

i will always go for more to gain/lose