Recent content by ganndalf

I trade the S&P, and use cmc exclusively. Spread is .7 for fut, .5 for cash. Finspreads do .4 on the cash, and 1.0 on the fut (last time i looked). But you can't trade outside rth with fins,,CMC you can.

I trade one market only. When I've acheived mastery in that one then I'll diversify into another, uncorrelated market.

My stop is 300 on all trades,,,if my pulse goes above that i exit

Ok, just had a fairly confusing phone dialogue with CMC. Apparently, if you're a spreadbet client, (not CFD), then it makes no difference to how your funds are treated whether you are classified as a retail or non-retail client. You are protected for £48k in the manner described in the posts...

Thanks guys. I think I'll ring them tonight and confirm that I'm classified as a "private individual". But if push came to shove, some written confirmation of my private status and hence eligibility for protection via the fsa might be very useful. I think that confirmation from the FSA would be...

Thanks. The first line from the link above is made ambiguous by the use of the word "may" "As a client of CMC Markets, you MAY benefit from the protection offered by the Financial Services Compensation Scheme ("FSCS") in the UK, in the event that CMC Markets become insolvent or cease trading."

http://www.cmcmarkets.co.uk/en/content/legal/compensation_scheme.html I have some funds deposited with CMC Markets spreadbetting. The above link seems to state that up to 30 thousand pounds are 100% protected by the FSA, and of the next 20 thousand pounds the FSA guarantees 90%. So, if you...

good to hear...lol