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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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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Old Jul 29, 2004, 9:49pm   #8
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CarpeUK started this thread
Quote:
Originally Posted by stevet
what does "easiest" mean?

do you mean something easy to understand and easy to do - that makes money
Yes easy or less complex. I understand with trading there are no guarantees but I am looking for a simple trading strategy to follow then I hope to move onto systems that are more complex. I will only be trading with virtual account until I become 100% confident with what I am doing.

also the more i look around the forum the more i am becoming confused because i do not know how many different ways there are to trade. i have read up on Forex & SB but i do not know anytthing about the rest. I would like to make a living out of trading but dont know where to start. I know SB is very risky but what other types of trading can i do that is stable compared to SB
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Old Jul 29, 2004, 10:12pm   #9
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ok - i only know the staring at a screen - day in day out method - for a year or two -and then build on that for another few years until you can call yourself a successful trader - but if you find an easy route that works - would be great if you let me know as well

but if anyone offers you an easy route - but wants you to pay for it - be that training or a system - bear in mind that that person is unsuccessful at trading and makes their money by providing that service or product
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Old Jul 29, 2004, 10:18pm   #10
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CarpeUK started this thread
Quote:
Originally Posted by stevet
ok - i only know the staring at a screen - day in day out method - for a year or two -and then build on that for another few years until you can call yourself a successful trader - but if you find an easy route that works - would be great if you let me know as well

but if anyone offers you an easy route - but wants you to pay for it - be that training or a system - bear in mind that that person is unsuccessful at trading and makes their money by providing that service or product

I have seen few companies about offereing there systems for a lot of money. I totaly understand the staring at a screen for 6 hours a day trying to learn, thats what i am doing at the moment but i am having trouble seeing the wood through the trees as they say. The question i have to anyone on this site is besides SB as that is very risky what others ways can you trade that is stable compared to SB
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