Recent content by Slorm

Their prices are based on the FTSE futures market (plus their own algorithms) rather than the FTSE cash market.

I've noticed his name crop up all week on one of the market reports I get (can't remember which one) giving the CS view of the markets, so I guess he's been busy with that.

The relationship between edge and discipline is symbiotic, neither is likely to suceed without the other.

You can have all the edge in the world but without the discipline to use and maintain it, it's worthless. As in any other business, as soon as you let feelings get in the way you will lose that edge.

Hmm no, what you mention are the easier bits, entrances and exits will be in your trading plan (once tested) and finding the right market is more about doing good research. As others have mentioned the psychology is the hardest part. If you get a nasty feeling in the pit of your stomach when...

Yes, a charting package will give you many more indicators and facilities than what you'll find on websites. I personally use Sharescope but there are others around as well, there's a forum covering the different packages and it's worthwhile to check them out to see what suits you best. There...

Firstly, don't worry if your questions sound naive, we all had to start somewhere. It's far better to find out things now rather than get a nasty expensive shock later. As you are pushed for time probably swing trading is your best option for now and you won't have the stress of having to make...

You need to decide on *what* you want to trade and *how* you want to trade it. For example if you want to trade equities are you looking to day trade, swing trade (holding for a few days or weeks) or investments (holding long term). If you are mixing approaches you will need accounts with...

It's an oxymoron dreamt up by idiots that work in marketing. There is inherent latency in any network particulalrly a public one such as the Internet, so "instant" is a contradiction in terms. Still if you're getting filled most of the time at 1- 3 seconds it sounds pretty good compared to some...

You may be a cynic but that doesn't mean you're wrong :)

For technical analysis go for Technical Analysis of the Financial Markets by John Murphy, it can be a bit heavy going in parts but covers just about everything. I always keep it to hand for reference. Other I've found pretty good: Come Into My Trading Room - Dr Alexander Elder The Market...

Yes agreed. IMV the client should be able cancel until the offer is accepted and the SB firm should requote if they refuse the clients offer. The practice of filling an order at a different rate to the clients offer is dubious but I do accept this can favour the client at times, but in any case...

I think it's as "broad as it's long" Steve, if it's not a counter-offer but a further invitation to treat the outcome is the same in that at that point no contract exists. So (in theory) the client should have the option to make a further offer based on the new price. It seems to me that there...

Long time since I did business law but from memory if a price changes it should be construed as a counter-offer and require acceptance by the other party. In other words, SB prices are an invitation to treat, client makes offer, SB accepts offer or makes a counter offer which the client then...

I've reloaded the Dealbook software to check this out and this is most strange. Checking the statements it definately does show as £1 per index point (not pip) on the initial deals, yet when I first tested it the on-screen figures were running round faster than the reels on a fruit machine, a...