Northen Rock
20-11-2007, 01:56 PM
#241
Too many posts.. I need a life!!
Originally Posted by boXXer
mcdonalds dont move as much as NR 
Just have a bit of fun till you find your feet..Treat it like a night at the dogs and dont invest what you need to pay the bills
20-11-2007, 02:00 PM
#243
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Also, read up on spread betting a little bit too!
Some nice simple breakdowns here:
http://en.wikipedia.org/wiki/Spread_betting
If you're not sure what you're doing and because of the leverage, it's far too easy to, as we say in the gambling world, "do your bollocks!"
IG seems quite simple though - plenty of protection in place
Some nice simple breakdowns here:
http://en.wikipedia.org/wiki/Spread_betting
If you're not sure what you're doing and because of the leverage, it's far too easy to, as we say in the gambling world, "do your bollocks!"
IG seems quite simple though - plenty of protection in place
20-11-2007, 02:06 PM
#244
Too many posts.. I need a life!!
Originally Posted by boXXer
yeah im just watching and trying to figure out how buying/making a profit works
i only buy and sell stock/shares..i dont dabble in anything else.
20-11-2007, 02:16 PM
#246
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Originally Posted by boXXer
www.igindex.co.uk
Is it literally a case of register, see something you fancy and put as much in as you like, and take it back whenever you like too? Be it 1 day or 1 month or whenever you are set to make an acceptable profit?
20-11-2007, 02:26 PM
#247
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Originally Posted by dvid
[Is it literally a case of register, see something you fancy and put as much in as you like, and take it back whenever you like too? Be it 1 day or 1 month or whenever you are set to make an acceptable profit?
You have to remember that in this format of trading, you are trading an index, not a share.
Remember that this is spread trading, and as with shares, the price can go up as well as down, and because of the nature of spreads, you can lose an awful lot more than your initial investment, where with regular investment you can't.
That's why it is much more closely related to gambling than traditional investment, although there are safety protocols in place such as stop-losses etc to make sure you don't get out of your depth.
For god's sake though - just do some basic reading on spreads before chucking your money at something as volatile as Northern Rock!
20-11-2007, 02:35 PM
#249
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LOL - you're not putting Ł10 in Northern Rock. You're betting on a representation of it.
If you read that link I put up, it will explain how spread betting works. I don't do it on anything financial - purely sports, but it works in much the same way.
If you read that link I put up, it will explain how spread betting works. I don't do it on anything financial - purely sports, but it works in much the same way.
20-11-2007, 02:40 PM
#251
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Originally Posted by broadmoor
Originally Posted by boXXer
mcdonalds dont move as much as NR
It doesn't matter what the share price is. IG index is live and direct and you can deal instantly on the prices that they show you....
The share price is kinda irrelevant. You don't need to know that as you are trading the Index. All you need to know is where the Index is and IG give you a real time live feed for FREE... and they follow each other sooo closely that its pretty irrelevant anyway.
There is a school of thought that nowadays the speed and ease of dealing on index's instead of buying and selling the shares means that soooo many more little investors and day traders do it that way and so the spread prices actually LEADS the stock price in some instances!
20-11-2007, 02:47 PM
#254
Too many posts.. I need a life!!
Originally Posted by Porkie
Todays big mover is a company very close to my own heart 
ICAP
up 13% on the day
ICAP
up 13% on the day
Done well that fella
20-11-2007, 02:49 PM
#256
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RichardPON
Thanks for that, I read the example and think I understand it better
So one way is to stick say Ł5 a point on a particular company, and at the end of the day take it all back hoping that you walk away with a profit?[/quote]
Thanks for that, I read the example and think I understand it better
Suppose Lloyds TSB is trading on the market at 410p bid, and 411p offer. A spread-betting company is also offering 410-411p. We use cash bets with no definite expiry.
For example, if I think the share price is going to go up, I might bet Ł10 a point (i.e., Ł10 per penny the shares moves) at 411p. We use the offer price since I am "buying" the share (betting on its increase). Note that my total loss could be up to Ł4110, so this is as risky as buying 1000 of the shares normally.
If a bet goes overnight, the bettor is charged a financing cost (or receives it, if the bettor is shorting the stock). This might be set at LIBOR + a certain percentage, usually around 2/3%.
Thus, in the example, if Lloyds TSB are trading at 415p, then for every day I keep the bet open I am charged (taking finance cost to be 7%) (415p x 10 ) * 7% /365) = Ł0.7958.
On top of this, the bettor needs an amount in his spread-betting account to cover the bet. Usually this is either 5 or 10% of the total exposure you are taking on. In this case Ł4150 * 0.1 or 0.05 = Ł415.00 or Ł 207.50
If at the end of the bet Lloyds TSB traded at 400p, I need to cover that Ł4150 - Ł400*10(Ł4000) = Ł150 difference by putting extra deposit (or margin) into the account.
The bettor will usually receive all dividends and other corporate adjustments in the financing charge each night. For example, suppose Lloyds TSB goes ex-dividend with dividend of 23.5p. The bettor will receive that amount.
For example, if I think the share price is going to go up, I might bet Ł10 a point (i.e., Ł10 per penny the shares moves) at 411p. We use the offer price since I am "buying" the share (betting on its increase). Note that my total loss could be up to Ł4110, so this is as risky as buying 1000 of the shares normally.
If a bet goes overnight, the bettor is charged a financing cost (or receives it, if the bettor is shorting the stock). This might be set at LIBOR + a certain percentage, usually around 2/3%.
Thus, in the example, if Lloyds TSB are trading at 415p, then for every day I keep the bet open I am charged (taking finance cost to be 7%) (415p x 10 ) * 7% /365) = Ł0.7958.
On top of this, the bettor needs an amount in his spread-betting account to cover the bet. Usually this is either 5 or 10% of the total exposure you are taking on. In this case Ł4150 * 0.1 or 0.05 = Ł415.00 or Ł 207.50
If at the end of the bet Lloyds TSB traded at 400p, I need to cover that Ł4150 - Ł400*10(Ł4000) = Ł150 difference by putting extra deposit (or margin) into the account.
The bettor will usually receive all dividends and other corporate adjustments in the financing charge each night. For example, suppose Lloyds TSB goes ex-dividend with dividend of 23.5p. The bettor will receive that amount.
20-11-2007, 02:52 PM
#257
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Originally Posted by boXXer
did you have any money on it?
how would you make money from that 13%?
how would you make money from that 13%?
So in very very simple terms, you are betting at a price per point that it will rise.
Simple example taken from that link:
Example: In a soccer match the bookmaker believes that 12 or 13 corners will occur, thus the spread will be set at 12-13.
A gambler believes that there will be more than 13 corners, and 'buys' at Ł25 a point at 13.
If the number of corners is 16, the gambler wins (16 - 13) = 3 x Ł25.
If the number of corners is 10, the gambler loses (13 - 10) = 3 x Ł25.
The same applies to what people are talking about here.
20-11-2007, 02:56 PM
#258
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Originally Posted by broadmoor
Originally Posted by Porkie
Todays big mover is a company very close to my own heart
ICAP
up 13% on the day
ICAP
up 13% on the day
Done well that fella
Now I'm looking at Micheal as I type this.... Top man.
Done well is an understatement. Well on his way to being a Billionaire
20-11-2007, 02:59 PM
#259
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Originally Posted by boXXer
did you have any money on it?
how would you make money from that 13%?
how would you make money from that 13%?
20-11-2007, 03:02 PM
#260
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Originally Posted by RichardPON
Originally Posted by boXXer
did you have any money on it?
how would you make money from that 13%?
how would you make money from that 13%?
So in very very simple terms, you are betting at a price per point that it will rise.
Simple example taken from that link:
Example: In a soccer match the bookmaker believes that 12 or 13 corners will occur, thus the spread will be set at 12-13.
A gambler believes that there will be more than 13 corners, and 'buys' at Ł25 a point at 13.
If the number of corners is 16, the gambler wins (16 - 13) = 3 x Ł25.
If the number of corners is 10, the gambler loses (13 - 10) = 3 x Ł25.
The same applies to what people are talking about here.
Obviously the same happens in reverse if the Gambler believes there will be less corners he 'sells' at Ł25 etc etc.
20-11-2007, 03:08 PM
#263
Too many posts.. I need a life!!
Originally Posted by Porkie
Originally Posted by boXXer
did you have any money on it?
how would you make money from that 13%?
how would you make money from that 13%?
20-11-2007, 03:15 PM
#264
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My Facebook picture is a pic of me and Jennifer Ellison..... such a cool girl! that was my personal highlight. Top bird and sooo friendly
Prince William was in last year.... the future King is a pretty big Face I'm sure you will agree
Its a great day and we have raised over Ł33m over the years... Ł7m alone last year... in one day.
Thats alot of money. Awesome company to work for as well
Not sure who is in this year, but I will be trying my nuts off to raise as much money as possible. It goes to some great causes
Prince William was in last year.... the future King is a pretty big Face I'm sure you will agree
Its a great day and we have raised over Ł33m over the years... Ł7m alone last year... in one day.
Thats alot of money. Awesome company to work for as well
Not sure who is in this year, but I will be trying my nuts off to raise as much money as possible. It goes to some great causes
20-11-2007, 03:21 PM
#265
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Originally Posted by boXXer
wish i had listened more at school now. i'd love to get into all thsi properly.
20-11-2007, 03:40 PM
#266
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Originally Posted by staffi
Originally Posted by boXXer
wish i had listened more at school now. i'd love to get into all thsi properly.
20-11-2007, 03:55 PM
#268
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Originally Posted by staffi
Originally Posted by boXXer
wish i had listened more at school now. i'd love to get into all thsi properly.
although I did make Ł320 on my IG index account today without lifting a finger or even knowing about it
20-11-2007, 04:07 PM
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placing a bet is the easy part. i made a few pence from what i bet today, i also have no balls! Tomorrow i might have a go with a slightly higher amount.
20-11-2007, 04:22 PM
#271
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Originally Posted by boXXer
see! how the fuck do you do that?
and he made Ł2320 in 20mins on some Jap stuff using the Ł3000 as margin... So he put he kept the Ł2k and put Ł3320 back in my account as a thanks....
Everyones a winner
20-11-2007, 05:36 PM
#273
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Originally Posted by Porkie
Originally Posted by boXXer
see! how the fuck do you do that?
and he made Ł2320 in 20mins on some Jap stuff using the Ł3000 as margin... So he put he kept the Ł2k and put Ł3320 back in my account as a thanks....
Everyones a winner
I like it..
GT30 setup in a few minutes..
20-11-2007, 05:47 PM
#275
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Awesome thread!!!!!!
Thinking im going to have a good read on Friday when im off work and give it a good go. Got be worth a laugh. Even if very small amounts to start just to see how it goes. Then once find feet a bit more up the amounts.
Once i had 1k given to me to invest in shared. I put it in, doubled my money pulled it out, then shortly after they crashed to less than half the amount i origanally bought them for. So it is a risky game.... Just use money you can afford to lose, which im going to do! And that is a VERY small amount
Thinking im going to have a good read on Friday when im off work and give it a good go. Got be worth a laugh. Even if very small amounts to start just to see how it goes. Then once find feet a bit more up the amounts.
Once i had 1k given to me to invest in shared. I put it in, doubled my money pulled it out, then shortly after they crashed to less than half the amount i origanally bought them for. So it is a risky game.... Just use money you can afford to lose, which im going to do! And that is a VERY small amount
20-11-2007, 06:54 PM
#277
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Originally Posted by boXXer
see! how the fuck do you do that? i cant even work out how to place a "bet" let alone make any money from it. Ive oficially given up.
Pure deal was tested on children....
To be honest they could have used chimps! its the easiest and best dealing platform ever invented. Soooooo easy!
What don't you get?!?!??!?!?!
If you wanna buy something, click on it, enter the amount per tick and click BUY
The opposite if you wanna sell?!?!?!?
Whats hard about that?? serious question mate as I've met you and you seemed really sharp and on the ball???
20-11-2007, 07:06 PM
#279
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Originally Posted by broadmoor
back out @ 92.90
early finish for me today
early finish for me today
Great for begineers to learn on as well, as its sooooo fooking whippy it keeps you interested!
20-11-2007, 07:11 PM
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Originally Posted by RWD_cossie_wil
Ok, Can of worms here, how do you get into being a stockbroker?? and what does the job actually involve?
whats next question? What does a baker do???? Bake!!!
Seriously though all a Stockbroker does is buy and sell shares for someone else. Different types will also advise and stuff but if you just want basics then here we go.
You know what an insurance Broker does yes? well same for Stockbroker.
You want a certain type of car insurance... your broker goes out and talks to the various underwriters and try to get you the best deal and takes some commission for himself.
You wanna buy a stock.... your stockbroker does the same.