OutnumberedOutgunned
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wow, i have bought shares a few years ago and made a tidy profit before getting a daily grind. Recently i decided to get back into trading and i remembered being told that in a bear market you should "short shares" so i opened up an account with IG Index. But before trading with them i decided to do research (thank heavens for that)
i never knew that spread betting firms hated that you make money, bit silly as i thought they make money from the spread therefore they wanted me to make a profit so i could trade more. So from what i have read SB companies dont like it if i make money because im making it out of them and not "the market"
i always thought you place an order with an SB, they go to the market and say we would like to buy shares at e.g. 150p rather than actual price of 220p, this then meant there was an order to be filled at 150p which made sellers think that their stock was over priced and hence the price came down.
lol i realise i am a complete dreamer
i never knew that spread betting firms hated that you make money, bit silly as i thought they make money from the spread therefore they wanted me to make a profit so i could trade more. So from what i have read SB companies dont like it if i make money because im making it out of them and not "the market"
i always thought you place an order with an SB, they go to the market and say we would like to buy shares at e.g. 150p rather than actual price of 220p, this then meant there was an order to be filled at 150p which made sellers think that their stock was over priced and hence the price came down.
lol i realise i am a complete dreamer