Recent content by bluedental

Has anyone heard of this spread betting programme. The website is LS Trader | Financial Spread Betting & Online Trading System, the results are posted and I have googled the company and founder and come up with all good reviews. They charge £145 a month and in return give you regular e mails...

wow, what a mug! he should read the advice in this forum!!

Steve, I like your comment 'most people cut winners and hold on to the losers'. This is so true, crazy human behaviour! Thanks for your comments, I like MA because they produce coloured lines on a chart that are easy to read and they provide a physical element to a psycological problem, ie do I...

Hi Steve, this is my method that worked well with demos (but not 100%). First I establish a trend, up or down. Then my first signal is when the 100 day SMA crosses, this is backed up by the RSI to avoid overbought/oversold stocks and the MACD with the histogram corresponding to the direction...

Thanks mate.

Lee, whilst I appreciate that you cannot rubber stamp a particular method, do you see any problems with me using a daily chart, SMA 100 day, 40 day and 20 day, MACD and RSI as the only indicators? Is there anything in these indicators that a novice should be aware of except the lagging issues?

That is such a good point, trading should be just that and not a gamble. I see the point that you and Lee are making about differences in the sums of money put in and the risk/reward ratios and I have taken these onboard. What was working for me in the demo accounts was to enter and exit on...

Lee Shepherd, I value your comments and advice, you have much experience and wisdom. As for me, I propose to invest large sums one day into this field but only when I have developed a system and strategy that works time and time again. There have been many good replies to this thread which I am...

Waffi that sounds good, how many trades do you have open at any given time? Are you making the £20 pounds a day from a single trade, if so you have a good system. Would you be kind enough to share it?

Sorry Lee, didn't mean to sidestep you but thanks for the good advice. I looked at pre market orders and spoke to Ig about them. I came to the conclusion that it might be better to place an order to open the night before just before the market closes in order to gain from the folowing days...

That was part of my original question. I am trying to find out whether given time and practice, you can actually make money spread betting as opposed to buying shares and waiting for the price to go up before selling. With my limited experience, I have lost £300 but had I brought shares the...

A tempting thought but the advice from the other guys has been great and it seems the best thing for me and any new trader is to keep practising before entering the real market. I'll be honest, I thought it was going to be easier than it is, too nieve!!

Ok, as a newcomer, should I be looking to say have 10 open positions at the same time and expect the majority to be down but rely on the winning trade to cover the losses? If so, what sort of starting capital is realistic and would forex be a better market to start in rather than shares or indices?

Thanks for all the tips and advice guys, I think I need to do loads more practising before re entering the lions den! Sounds like you boys spend alot of time working out what to do, maybe I believed the ads 'make £400 a day spread betting' a little too easy, thanks Vince Stanzione!!!

This is how I lost my money. I would look at FTSE 100 shares that had crossed their 40 day moving averages. Then I would look at the MACD to confirm the movement in that direction. I would then look at the candlestick chart for confirmation and also a guide to where to put the stop loss. Then...