Northen Rock
20-11-2007, 07:18 PM
#281
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Originally Posted by Porkie
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.
.. not really sure on how it all works.... how do you become a stockbroker? What quals etc do you need?
20-11-2007, 07:40 PM
#282
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Basic question here before I sign up, what is the minimum bet? I sort of get that you invest so much per point, do different companies have different amont of points depending how well they are doing? I guess that is how you make / lose money?
20-11-2007, 08:13 PM
#283
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I dont like the sound of the spread betting but I reckon I might chance my arm at buying a few shares via Nat West like Jake did.
I'll carry on the theme of stupid questions and ask what causes the share price to rise for a company like NRK ? £12 a share to 97p is a big ol' drop, what would need to happen for it to return to previous levels?
If NRK get bought out is that likely to cause a raise in share price? sort of stabalise things a bit?
Will the predicted interest rate drops for the early part of next year have any effect on the price at all?
I'll carry on the theme of stupid questions and ask what causes the share price to rise for a company like NRK ? £12 a share to 97p is a big ol' drop, what would need to happen for it to return to previous levels?
If NRK get bought out is that likely to cause a raise in share price? sort of stabalise things a bit?
Will the predicted interest rate drops for the early part of next year have any effect on the price at all?
20-11-2007, 08:16 PM
#284
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Originally Posted by Matt J
I'll carry on the theme of stupid questions and ask what causes the share price to rise for a company like NRK ? £12 a share to 97p is a big ol' drop, what would need to happen for it to return to previous levels?
NRK is in serious trouble, reason why fluctations so much as anything could happen really. Like said the more uncertainty in a company the more possible gains and also loss. Well thats imo
21-11-2007, 10:04 AM
#288
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Originally Posted by dvid
Basic question here before I sign up, what is the minimum bet? I sort of get that you invest so much per point, do different companies have different amont of points depending how well they are doing? I guess that is how you make / lose money?
21-11-2007, 10:16 AM
#290
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i still kick myself all the time for not buying shares years ago when i was told to.was advised to put anything i had in shares for cairn energy and didnt bother my ass 
not that i would have had much to invest at the time but they were about 50p a share and they were someting like £20quid last i checked
not that i would have had much to invest at the time but they were about 50p a share and they were someting like £20quid last i checked
21-11-2007, 10:19 AM
#291
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Originally Posted by boXXer
yeah ive been watching too. dont seem to move that much today. Yesterday it went mental.
Would i be looking for a low sell price? or the other way around?
Would i be looking for a low sell price? or the other way around?
21-11-2007, 10:23 AM
#292
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Originally Posted by RichardPON
Originally Posted by dvid
Basic question here before I sign up, what is the minimum bet? I sort of get that you invest so much per point, do different companies have different amont of points depending how well they are doing? I guess that is how you make / lose money?
So back to my original question, what is the minimum I can "bet?"
I tried to sign up last night but I was honest about my experience and they said I was unsuitabel and wanted me to sign up to some education program!
Did everyone else lie?!
21-11-2007, 10:26 AM
#293
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Originally Posted by broadmoor
Originally Posted by boXXer
yeah ive been watching too. dont seem to move that much today. Yesterday it went mental.
Would i be looking for a low sell price? or the other way around?
Would i be looking for a low sell price? or the other way around?
21-11-2007, 10:50 AM
#295
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Quite.
boXXer - just read up on the basics first. Remember the fundamentals.
You are betting on which way the price is going to move, therefore you "buy" or "sell" depending on what you think you it will do.
Notice the two numbers - the high and low. They will change, but the difference between them, called the spread, will stay the same (for the purposes of example).
The spread works the same way you buy a lot of things really, be it currency, regular shares etc.... When you go on holiday to America and change your money up at the airport, note that the price you buy dollars at the exchange desk is very different from the price that you would be selling them back at. That is an example of a spread. The actual price of US$/£GBP will be bang in the middle.
Generally the size of the spread (the difference between the buy and sell price) in financial instruments is indicative of the risk involved, specifically where and underlying asset is concerned.
The FTSE is the perfect example. You must see it on the news all the time where they say "the FTSE is down x amount of points this evening". The FTSE is an index of the shares of the top 100 companies.
Look at it now on IG:
FTSE 100 Daily 6135 6137
That's your spread. At the time, the FTSE will have been at 6136. The position you take is based on whether you think the FTSE will rise or fall. Obviously if it moves one point either way, nobody wins or loses as you are still in the spread.
So if I want to bet, I take 6135 at £10 per point, betting that it will fall. The FTSE moves to 6142, and I just lost £70. That means I owe that money back to the market. Obviously that loss is notional. i.e. it means that I lose that money if I got out at that price, which is why there are things like stop losses available, to stop it running away from you.
Remember, spread betting is one of the only forms of gambling where you can lose many times more than your initial investment. Consequently, that leverage also offers you an opportunity to win a lot more for a very small investment.
Also remember, forms of day trading and spread betting like this aren't an exact science. I think it's something like 90% of investors who day trade (quick ins and outs) are long term losers.
boXXer - just read up on the basics first. Remember the fundamentals.
You are betting on which way the price is going to move, therefore you "buy" or "sell" depending on what you think you it will do.
Notice the two numbers - the high and low. They will change, but the difference between them, called the spread, will stay the same (for the purposes of example).
The spread works the same way you buy a lot of things really, be it currency, regular shares etc.... When you go on holiday to America and change your money up at the airport, note that the price you buy dollars at the exchange desk is very different from the price that you would be selling them back at. That is an example of a spread. The actual price of US$/£GBP will be bang in the middle.
Generally the size of the spread (the difference between the buy and sell price) in financial instruments is indicative of the risk involved, specifically where and underlying asset is concerned.
The FTSE is the perfect example. You must see it on the news all the time where they say "the FTSE is down x amount of points this evening". The FTSE is an index of the shares of the top 100 companies.
Look at it now on IG:
FTSE 100 Daily 6135 6137
That's your spread. At the time, the FTSE will have been at 6136. The position you take is based on whether you think the FTSE will rise or fall. Obviously if it moves one point either way, nobody wins or loses as you are still in the spread.
So if I want to bet, I take 6135 at £10 per point, betting that it will fall. The FTSE moves to 6142, and I just lost £70. That means I owe that money back to the market. Obviously that loss is notional. i.e. it means that I lose that money if I got out at that price, which is why there are things like stop losses available, to stop it running away from you.
Remember, spread betting is one of the only forms of gambling where you can lose many times more than your initial investment. Consequently, that leverage also offers you an opportunity to win a lot more for a very small investment.
Also remember, forms of day trading and spread betting like this aren't an exact science. I think it's something like 90% of investors who day trade (quick ins and outs) are long term losers.
21-11-2007, 10:54 AM
#296
Testing the future
Originally Posted by RichardPON
Remember, spread betting is one of the only forms of gambling where you can lose many times more than your initial investment. Consequently, that leverage also offers you an opportunity to win a lot more for a very small investment.
very well explained rich
21-11-2007, 01:17 PM
#299
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Originally Posted by Porkie
Bloke sitting next to me has £50k swings on his account... he thinks I am such a fooking little joker with my little Northen Rock Posi thats tickling up and down keeps calling me Gordon
keeps calling me Gordon has he been calling you every day under the name of bud fox trying to 'bag the whale'?
Interesting that IG index. Was thinking of having a play a few months ago with gold and silver but I got scared at the idea of losing more money that I originally put in
21-11-2007, 01:44 PM
#305
Originally Posted by Porkie
Originally Posted by Mitsy FQ
I don't think anything is tax free
I doubt anything you earn is tax free not in this country as far as I understand it all income must be declared to the inland revenue hence why they call it income tax
21-11-2007, 01:54 PM
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Originally Posted by Mitsy FQ
Originally Posted by Porkie
Originally Posted by Mitsy FQ
I don't think anything is tax free
I doubt anything you earn is tax free not in this country as far as I understand it all income must be declared to the inland revenue hence why they call it income tax
The benefit of spread betting is that you pay neither income tax, or capital gains tax on your winnings.
21-11-2007, 01:56 PM
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Originally Posted by boXXer
that crude oil company. Had some massive fluctuations so made some bids 
you did fooking what?!?!??!
have you cut the position out and taken your profit yet? if not you haven't made anything yet mate. You are 'up' £120 odd
21-11-2007, 01:57 PM
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Originally Posted by Mitsy FQ
Originally Posted by Porkie
Originally Posted by Mitsy FQ
I don't think anything is tax free
I doubt anything you earn is tax free not in this country as far as I understand it all income must be declared to the inland revenue hence why they call it income tax
100% tax free....
You REALLY don't like it when you are not the fountain of all knowledge do you
21-11-2007, 01:59 PM
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Porkie have you looked into the RBS group shares? I got a considerable amount about 10 days ago, there still going to give a decent dividend and at 4.20ish when I got them I'd expect at 30% return minimum within 5 months. No expert like yourself though, your thoughts?
21-11-2007, 02:04 PM
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What a good read this, im gonna go through the entire thread when i get home as dont think work will be to impressed with me looking at spread betting on the stock market
Fairplay to you guys that are giving this a go even if it is with a few £'s here and there
Fairplay to you guys that are giving this a go even if it is with a few £'s here and there
21-11-2007, 02:08 PM
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No expert in that stuff I am afraid 30% return minimum in 5 months sounds too good to be true though.
I will go and have a little read and chat to some people mate and let you know
30% return minimum in 5 months sounds too good to be true though.I will go and have a little read and chat to some people mate and let you know
21-11-2007, 02:23 PM
#316
Originally Posted by Porkie
Originally Posted by Mitsy FQ
Originally Posted by Porkie
Originally Posted by Mitsy FQ
I don't think anything is tax free
I doubt anything you earn is tax free not in this country as far as I understand it all income must be declared to the inland revenue hence why they call it income tax
100% tax free....
You REALLY don't like it when you are not the fountain of all knowledge do you
21-11-2007, 02:25 PM
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Originally Posted by Porkie
No expert in that stuff I am afraid 30% return minimum in 5 months sounds too good to be true though.
I will go and have a little read and chat to some people mate and let you know
30% return minimum in 5 months sounds too good to be true though.I will go and have a little read and chat to some people mate and let you know
21-11-2007, 02:42 PM
#320
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Originally Posted by boXXer
losing more now
must have been beginners luck.
must have been beginners luck.
My biggest problem was playing it too save and setting low stop limits of 10.
The problem was that with something like Northern Rock where the price can jump around all over the place it would stop my bet and then go back up 10 minutes later. I reckon I would have been a £1000 up instead £250 down if I had bigger limits. I'm now trying 35 to see if thats any better......