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  • xyy123
    xyy123 Posts: 61 Forumite
    With a fresh pair of eyes I see the problem!

    Rollovers do normally cost you something often at LIBOR+ (CityIndex used to do this when I used them I think).
    IG Index is LIBOR +/- 2.5% (depending on whether long/short)
    I believe what IG does is close your position at the end of the day then re-open it which essentially means you get hit by the spread again. Will have a look at the T's and C's but that would be a sufficient reason to use a trading ISA on its own.

    My experience of IG is that you don't get hit by the spread again if your position rolls over.

    Spread betting is like any investment, its only as dangerous as the way you use it and whether or not you know what you doing. For example it can be used as a prudent risk management tool.

    In my experience, retail day traders never make any money. They don't have the resources or expertise.
  • Cora150892 wrote: »
    Are you trying to say here if I invest say £10, I could end up owing £100?

    Yes and No.

    Yes - if you use a credit account with no guaranteed stops.

    No - if you use a limited risk account with guaranteed stops (but you pay the premium for the guarantee e.g. an extra 2 points on the spread for FTSE 100) and you must also have sufficient funds deposited to cover each bet (min bet on FTSE 100 is £2 per point with a 30 point minimum stop therefore requiring a deposit of £60) - however you could easily lose all of it.
    Credit card balance/availability: £1400/£21,000
    Overdraft balance/availability: £0/£1,900
    Current accounts cash balance (0.1%):£0
    High interest account balance/availability £3000/£7000
    Cash: £800 Pension: c. £6,400
    Smoke Free since 03/01/10: 7 Weeks, 600+ cigarettes!
  • Yes and No.

    Yes - if you use a credit account with no guaranteed stops.

    No - if you use a limited risk account with guaranteed stops (but you pay the premium for the guarantee e.g. an extra 2 points on the spread for FTSE 100) and you must also have sufficient funds deposited to cover each bet (min bet on FTSE 100 is £2 per point with a 30 point minimum stop therefore requiring a deposit of £60) - however you could easily lose all of it.

    I think for now I am going to stick to the feature about Halifax Martin talks about in his write up on Stocks, I could end up getting into a big expencive mess without really realising then.
  • hessian
    hessian Posts: 179 Forumite
    I wish to buy some shares, just small amounts, on the Taiwanese stock market. Who would you suggest is a cheap execution-only online broker since, Hoodless Brennan is no longer available.
  • tdw does all sorts apparently, also etrade maybe. Cant say I have any experience myself, whats the company?
  • xyy123
    xyy123 Posts: 61 Forumite
    You could always consider buying ADRs of the company in question.
  • [B]Monday January 04[/B] 
    
    INTERIM DIVIDEND PAYMENT DATE 
    Amec, Bunzl, Fuller Smith and Turner, Headlam Group, Homeserve, Next, Slingsby H.C, Telecom Plus 
    
    QUARTERLY EX-DIVIDEND DATE 
    Torchmark Corp 
    
    EGMS 
    IFG Group, Interactive Prospect Targeting Holdings 
    
    FINAL DIVIDEND PAYMENT DATE 
    A&J Mucklow, The Directors Dealing Inv Trust, Town Centre Securities 
    
    [B]Tuesday January 05[/B] 
    
    INTERIM DIVIDEND PAYMENT DATE 
    Dee Valley Group, Dee Valley Nv, Great Portland Estates, London [URL="http://www.digitallook.com/cgi-bin/digital/news/sharecast/news.cgi?story=3203377&view=full&username=sabrehbos&ac=210727#"]Stock Exchange[IMG]http://images.intellitxt.com/ast/adTypes/mag-glass_10x10.gif[/IMG][/URL] Group, Whitbread, Wincanton 
    
    AGMS 
    Carr's Milling Industries 
    
    TRADING ANNOUNCEMENTS 
    CRH 
    
    FINAL DIVIDEND PAYMENT DATE 
    Freshwater UK 
    
    [B]Wednesday January 06[/B] 
    
    INTERIM DIVIDEND PAYMENT DATE 
    Albion Protected VCT, Albion Venture Capital Trust, Bodycote, BSS Group, Hogg Robinson, Sutton Harbour, VP 
    
    INTERIM EX-DIVIDEND DATE 
    Aveva Group, Burberry Group, Dairy Crest Group, FirstGroup, Halma, ICAP, Monks Inv Trust, Mothercare, Northern Foods, Rensburg Sheppards, Speedy Hire, United Carpets 
    
    QUARTERLY EX-DIVIDEND DATE 
    Investors Capital Trust 'A' Shares, Investors Capital Trust 'B' Shares 
    
    EGMS 
    1pm, White Young Green 
    
    TRADING ANNOUNCEMENTS 
    Marks & Spencer, Domino Pizza, Next 
    
    FINAL DIVIDEND PAYMENT DATE 
    AI Claims Solutions, Lancashire Holdings 
    
    FINAL EX-DIVIDEND DATE 
    ATH Resources, Baring Emerging Europe, Baronsmead AIM VCT, Character Group, Dewhurst, Dewhurst 'A', Education Development International, Gartmore European Inv Trust, Henderson High Income Trust, ITE Group, JPMorgan Asian Inv Trust, Majedie Investments, Murray International Trust, Next Fifteen Communications, RM Group, SatCom Group, Shires Smaller Companies Trust, Smiths News, Superglass Holdings, WH Smith 
    
    [B]Thursday January 07[/B] 
    
    INTERIM DIVIDEND PAYMENT DATE 
    British Smaller Companies VCT, Caledonia Investments, Hill and Smith, Sepura, Vedanta Resources 
    
    QUARTERLY PAYMENT DATE 
    GlaxoSmithKline 
    
    EGMS 
    Integra Group GDR (Reg S) 
    
    AGMS 
    Solo Oil 
    
    TRADING ANNOUNCEMENTS 
    Hays 
    
    [B]Friday January 08[/B] 
    
    INTERIM DIVIDEND PAYMENT DATE 
    Brown (N.) Group, Caffyns, Carphone Warehouse Group, Castings, Investment Company (The), JD Sports Fashion, Laird, Majestic Wine, Marks & Spencer Group, May Gurney Integrated Services, Montanaro European Smaller Companies Trust, Northern Investors Co., Sainsbury (J), Tate & Lyle, Value and Income Trust 
    
    QUARTERLY PAYMENT DATE 
    British Assets Trust, Queen's Walk Investment Ltd. 
    
    EGMS 
    Diamondcorp 
    
    TRADING ANNOUNCEMENTS 
    Michael Page International, RAB Capital, Rank Group 
    
    FINAL DIVIDEND PAYMENT DATE 
    Associated British Foods, British Empire Securities & General Trust, Downing Protected VCT IV, Downing Protected VCT V, Genus, Noble Investments, Sportingbet
    
    http://www.digitallook.com/news/sharecast/news.cgi?view=full&story=3203377&
  • Best to do it all first hand on miniature scale yourself for a few months to see if it works, come back here and let us know how it goes

    Well I managed to destroy my £150 profit from October over the past 2 weeks! P&L was up and down like a yo-yo on GBP/USD mainly and whilst most of my trades paid off and were well based, I lost because my stops were too short and I traded before a clear reversal in the channel I was trading had been made (hence sometimes incorrectly pre-empting the bottom).

    Going to take some time off from it as I found it was consuming too much and will concentrate on longer term active investment through an S&S ISA. That is if I can actually open one - the problem with working abroad is not being able to receive post or complete paperwork! TD Waterhouse are refusing to allow me to email ID and Bills etc, had to be by post ... despite online application. Oh well, will try iii and see if they are a bit more up to date with Customer Service standards!
    Credit card balance/availability: £1400/£21,000
    Overdraft balance/availability: £0/£1,900
    Current accounts cash balance (0.1%):£0
    High interest account balance/availability £3000/£7000
    Cash: £800 Pension: c. £6,400
    Smoke Free since 03/01/10: 7 Weeks, 600+ cigarettes!
  • Springy
    Springy Posts: 35 Forumite
    Part of the Furniture Combo Breaker
    Hi, I used to have an account with Hoodless Brennan but now it has been transferred to TD Waterhouse.

    I have recently been checking other brokers and found the halifax one fits me nicely. Can I switch easily and if so how would I go about it?
  • Hi i have some kingfisher shares and a barclays bank account with online banking .
    I also have a lyoyds account that i havent used for a few years .
    i want to sell my shares online what is the easiest way to do this ?
    preferbly to have the money go direct to my bank account
    I think you should open an account with Barclay stockbrokers and convert your kingfisher shares so you can sell and purchse online through Barclay
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