Spread betting
Doesn't make much difference if you are talking about day or long term trading.
If you use a stop loss, the chances are that the price will fluctutate downwards at some stage and knock you out - result: losses. If you don't use a stop loss then you run the risk of even larger...
Mug's game?
Yep. It is a mug's game - lost over £500 in three weeks. ALl they have to do is lower the price until it hits your stop loss and bingo - instant money.
One company is offering £50 free when yuou sign up. What they don't tell you is that if you close the account within three months...
Hi,
Just an update - after an exchange of e-mails Finspreads agreed to pay me an ex-gratia £25 payment as their "systems had been playing up". And to the other respondent, yes their system uses lot of resources. I had a message saying that my machine was out of memory the other day.
Point...
I was up 90 points on the rolling FTSE this morning, but how ever much I tried was unable to close the deal - the system just wouldn't respond. By the time I was able to the profit had decreased to 27 points.
Anyone else recommend a better company?
S.