Ideal Trading Instrument/broker?

traderjuk · May 31, 2004, 3:31pm

Have a look at betonmarkets.co.uk....Ive had a bit of success on this.

Quote:

Originally Posted by pkfryer

I'm changing from Deal4Free, chosen for just the idea that it was 'free' rather than anything else.

Now, I'm after an instrument that will allow me to do intra-day trading with minimal spreads and wont cost a fortune and that closely represents the underlying market.

What is good for intraday? Spread bets, direct access (is this difficult to get and expensive?)?
What is good for swing/short term trading?

What is the best broker for these in your opinion?

Just what to get an idea of what you guys use, and why you use them?

pkfryer · May 31, 2004, 3:49pm

Thanks for that traderjuk!
That actually looks very good! A betting site... I never really considered it for trading before! but why not? We are actually just gambling on price movement anyway and there is no difference between using TA for placing a bet for the price to go down or shorting a stock!

I'll give it a try as well!

kevin546 · Jun 1, 2004, 7:58am

pkfryer

I tended to trade at market but they do have a range of order you can apply. You can place stops and change them as a position develops. UK stocks are charged at £5 or 0.1 or 0.01% of share value whichever is the greater and stamp duty of course. US shares are traded at 1 cent for each share up to the 1st 500, thereafter it is 0.5 cents for any amount regardless of the value of the share. I think you need around 50% capital to cover a share position. They do options and futures but no CFD's.

Kevin

May 31, 2004, 3:49pm	#10
pkfryer Senior Member Member Since May 2004 243 Posts	Re: Ideal Trading Instrument/broker? Thanks for that traderjuk! That actually looks very good! A betting site... I never really considered it for trading before! but why not? We are actually just gambling on price movement anyway and there is no difference between using TA for placing a bet for the price to go down or shorting a stock! I'll give it a try as well!

Jun 1, 2004, 7:58am	#11
kevin546 Veteran Member Member Since Feb 2003 699 Posts	Re: Ideal Trading Instrument/broker? pkfryer I tended to trade at market but they do have a range of order you can apply. You can place stops and change them as a position develops. UK stocks are charged at £5 or 0.1 or 0.01% of share value whichever is the greater and stamp duty of course. US shares are traded at 1 cent for each share up to the 1st 500, thereafter it is 0.5 cents for any amount regardless of the value of the share. I think you need around 50% capital to cover a share position. They do options and futures but no CFD's. Kevin

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