Simplistic question

Taylored001 · Feb 27, 2009

I use IGindex and am happy etc
But i don't like using there charting software. However i think i am forced to because they don't follow the market and have their own price. Is that right?

Or could i use say Share-scope intra-day and place bets on that basis (with consideration of the spread)?
Or do i have to watch the Igindex graphs?

Thanks

David.

Windowsill · Feb 27, 2009

Taylored001 said:
I use IGindex and am happy etc
But i don't like using there charting software. However i think i am forced to because they don't follow the market and have their own price. Is that right?

Or could i use say Share-scope intra-day and place bets on that basis (with consideration of the spread)?
Or do i have to watch the Igindex graphs?

Thanks

David.

I think you need to look and see what you think.

Taylored001 · Feb 28, 2009

......Do you think i would have bothered to type up a forum question if i could test it myself....
Share-scope intra-day data costs £97 a month, a subscription i haven't applied for yet because its pointless before i know the answer to this question. I can't compared Igindex charts to intra-day charts i don't have, but thanks for the help anyway.....(not)

barjon · Feb 28, 2009

dave

Since you trade with ig you're gonna have to live with their prices whatever the underlying "real" market is doing (for something like ftse index there is no real market, of course) so you might just as well work with their charts and save your money.

jon

Taylored001 · Feb 28, 2009

Okay, thanks for the reply.
Do you recommend the use of spread-betting companies such as igindex then, or personally do you prefer alternative methods of trading?

Thanks

David.

TomTom · Feb 28, 2009

If the football match is 3-0 and the SB form says they quote 1-0 thats there quote.
If you want to trade the real market my advise is to trade the real market.

But then again when the market gaps lower and the SB firms quote is lower than the market then the SB firm is giveing a good opertunity for longs..... However I can guarentee if it was in there best intrests to quote there low higher than the actuall low fot eh day ( if there clients are short ) they will quote there market to suit them selfe's.

Kilnside · Feb 28, 2009

Taylored001 said:
I use IGindex and am happy etc
But i don't like using there charting software. However i think i am forced to because they don't follow the market and have their own price. Is that right?

Or could i use say Share-scope intra-day and place bets on that basis (with consideration of the spread)?
Or do i have to watch the Igindex graphs?

Thanks

David.

Not sure I understand the problem, David, so maybe this won't help. Seems to me that when you are betting on IGIndex quotes they are the "real" market. Horses for courses. Some complain that the "underlying" is different. This is often accompanied by tales of stop-running and generally being picked on. Don't know the truth of that of course, but for us humbler mortals why use SB charts and then bet on (sorry trade) a different market? For what it's worth I haven't come across a bias between one SB company's FX charts and another's quotes. Oh and my losses are entirely mine.

ps
No changes but should have checked for new posts before submitting mine. Apologies

Taylored001 · Feb 28, 2009

TomTom said:
If the football match is 3-0 and the SB form says they quote 1-0 thats there quote.
If you want to trade the real market my advise is to trade the real market.

But then again when the market gaps lower and the SB firms quote is lower than the market then the SB firm is giveing a good opertunity for longs..... However I can guarentee if it was in there best intrests to quote there low higher than the actuall low fot eh day ( if there clients are short ) they will quote there market to suit them selfe's.

'Trade the real market'
What can you recommend, for execution-service only.
Do you recommend CFD's ... or what do you use?

Thanks

Taylored001 · Feb 28, 2009

Kilnside said:
Not sure I understand the problem, David, so maybe this won't help. Seems to me that when you are betting on IGIndex quotes they are the "real" market. Horses for courses. Some complain that the "underlying" is different. This is often accompanied by tales of stop-running and generally being picked on. Don't know the truth of that of course, but for us humbler mortals why use SB charts and then bet on (sorry trade) a different market? For what it's worth I haven't come across a bias between one SB company's FX charts and another's quotes. Oh and my losses are entirely mine.

ps
No changes but should have checked for new posts before submitting mine. Apologies

Okay, so you have trust in spread-betting companies?
What i want to do is use my Sharescope intra-day data to bet on igindex. Because i prefer the charting software. The problem is, i'm not sure how closely igindex quotes follow the real market that i would be seeing on sharescope.
The amount of bad things i hear about spread-betting puts me off using it, and instead looking at CFD's and brokerage. But i'm sure its just the losers looking for an excuse, i consistantly make £100 a day using Igindex so i have belief in it, i just wonder if things will become 'dodgy' when i started earning £1k a day.

Do spread-bettors want me to lose :S ?

Windowsill · Feb 28, 2009

Taylored001 said:
Okay, so you have trust in spread-betting companies?
What i want to do is use my Sharescope intra-day data to bet on igindex. Because i prefer the charting software. The problem is, i'm not sure how closely igindex quotes follow the real market that i would be seeing on sharescope.
The amount of bad things i hear about spread-betting puts me off using it, and instead looking at CFD's and brokerage. But i'm sure its just the losers looking for an excuse, i consistantly make £100 a day using Igindex so i have belief in it, i just wonder if things will become 'dodgy' when i started earning £1k a day.
Do spread-bettors want me to lose :S ?

Well winners get christmas presents from SBs...so I would not think so!

barjon · Feb 28, 2009

Taylored001 said:
.............Do spread-bettors want me to lose :S ?................

Of course they do - they're bookmakers. Mind you they will lay-off amalgamated positions (and sometimes individual ones) to ensure that they are always over-round (ie: guaranteed a profit whatever the outcome) and they don't much like anything that makes that difficult for them - successful scalping for example.

cheers

jon

Taylored001 · Mar 1, 2009

barjon said:
Of course they do - they're bookmakers. Mind you they will lay-off amalgamated positions (and sometimes individual ones) to ensure that they are always over-round (ie: guaranteed a profit whatever the outcome) and they don't much like anything that makes that difficult for them - successful scalping for example.

cheers

jon

Am i better of avoiding spread-betting then and moving to brokerage or CFDs?
When ever i view statements from people 'boasting' in SB like Traders University, CMC account, they take £5k to £50k for example. And i always think yeah. Show me £50k to £500k, because thats what i want to do, and i think maybe its not possible with SB?!?!
I want to trade the FTSE100, US stocks, Forex... What companies would be best?

Random question: If you trade Forex is it taxed?

Thanks

David.

Phil Mibbutz · Mar 1, 2009

Taylored001 said:
Am i better of avoiding spread-betting then and moving to brokerage or CFDs?
When ever i view statements from people 'boasting' in SB like Traders University, CMC account, they take £5k to £50k for example. And i always think yeah. Show me £50k to £500k, because thats what i want to do, and i think maybe its not possible with SB?!?!
I want to trade the FTSE100, US stocks, Forex... What companies would be best?

Random question: If you trade Forex is it taxed?

Thanks

David.

Of course it's possible to turn £50k into £500k with spread betting, but very unlikely! Turning £50k into £5k is much easier. If you have a £50k pot and trade anything that moves quickly, avoid SB, for all the reasons you'll read elsewhere on this site. Depending on who you sign with, CFDs and FX can also be 'manipulated', so a proper DA broker must be the sensible way forward.
Random answer: not if it's traded through SB...

Simplistic question

Taylored001

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Windowsill

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Taylored001

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barjon

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Taylored001

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TomTom

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Kilnside

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Taylored001

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Taylored001

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Windowsill

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barjon

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Taylored001

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Phil Mibbutz

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