SB on Stock Indices

This is a discussion on SB on Stock Indices within the First Steps forums, part of the Reception category; Ok so far I have been reading lots and lots about forex trading but I was given a tip today ...

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Old Jul 29, 2004, 4:09pm   #1
Joined Jul 2004
Lightbulb SB on Stock Indices

Ok so far I have been reading lots and lots about forex trading
but I was given a tip today for the FTSE100 so I decided to go
with it using my virtual account on www.tradindex.com

The guy who gave me the tip would not tell me how he works his
strategy (I can understand)

I was wondering about spread betting on the Indices
FTSE100, DJ, NASDAQ, SP500 etc seems like something I would be
interested in learning, at the moment the FOREX market i am finding a little difficult as i am so new to SB & the markets.

To start with is there a simple strategy that I can follow (a step by step guide if you like) to help
me get used to spread betting on the indices or am I wasting my time because there is no such thing.

Also the tip I had today (hope i am aloud to enter this) FTSE 100 4370 long stop loss 4350 and so far it is doing well. 30+ points the last time I looked

Any help will be appreciated
Thanks
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Old Jul 29, 2004, 5:55pm   #2
 
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Quote:
Originally Posted by CarpeUK
To start with is there a simple strategy that I can follow (a step by step guide if you like) to help
me get used to spread betting on the indices or am I wasting my time because there is no such thing.
There is a thread on this site about a dow jones day trading strategy that was started many months ago based on a strategy developed by Chartman I think. It is based on a 100 EMA ( exponential Moving Average). It is in a word document and is pretty comprehensive, if you can't find it let me know and I'll see if I can remember where I saw it.
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Old Jul 29, 2004, 5:59pm   #3
 
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Found it, it's in First Steps, under ' Trading the Dow jones Strategy'
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Old Jul 29, 2004, 6:24pm   #4
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all tips have a 50/50 chance of success - except those you put money on!

bit like trading systems!!
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Old Jul 29, 2004, 9:18pm   #5
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CarpeUK started this thread
Quote:
Originally Posted by Dave1971
Found it, it's in First Steps, under ' Trading the Dow jones Strategy'
Thanks Dave i will read it and see how I go.
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Old Jul 29, 2004, 9:24pm   #6
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Quote:
Originally Posted by stevet
all tips have a 50/50 chance of success - except those you put money on!

bit like trading systems!!

I do not want to rely on tips form others, I want to be able to work with a strategy and as I am new to all this I am trying to find the easiest to start with then move onto more complicated strategies
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Old Jul 29, 2004, 9:32pm   #7
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what does "easiest" mean?

do you mean something easy to understand and easy to do - that makes money
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