Recent content by jaison

  1. J

    A question about tax on CFD income

    Sorry, I was wrong. A dividend is something I don't worry much about as I don't hold positions long enough. If you are short you have the full dividend deducted from your account. If you are long then you get the dividend but without the 10% tax payment (ie 90% of the dividend). Since there...
  2. J

    Trading Level 2 via CFD's

    Dod, Like all things the commission is negotiable. I did start at 25 basis points, and I made money. If you are making small trades, then the minimum commission of £10 is excellent. It puts them on par with a conventional broker. You get the added benefit of being able to trade by direct...
  3. J

    what is level 2?

    Let me repeat what I wrote above: Therefore there is no easy way to learn how to make money by trading. You need to put time and diligence in to learning, by watching. Don't think that someone is going to post a "how to make money in 5 minutes" on this board that really works. How do you learn...
  4. J

    what is level 2?

    The UK Level 2 screen shows the observer everything that is taking place with a stock in real-time. It offers you the chance to have all the tools of the market maker. A real level playing field. With direct access you can place your orders at 7:50 before the market opens. Your order will then...
  5. J

    Trading Level 2 via CFD's

    Mick, I think you will find that they are only used on US markets, but that said I don't know anything else about them so I can't really comment. Whatever, I make bags more money on CFDs than I ever did on shares. I can't imagine and easier more efficient way to trade. I just wish I had...
  6. J

    Trading Level 2 via CFD's

    No, there are quite a few sites offering free trials. Just do a search of the financial sites. Generally you pay £50 a month or so just for the feed. The "others" that don't know about DMA pay for a feed as an addition to their normal trading platform. You have the choice of paying up front...
  7. J

    Trading Level 2 via CFD's

    I would recommend getting a level 2 feed trial and watching the price movements. You can then paper trade and see what goes on. I only scalp, so really there is no way someone can teach you that. You have to fly by the seat of your pants. I know there is always a course that says it can...
  8. J

    Trading Level 2 via CFD's

    Mick, Trading inside the spread: 1 Ask 19.25 2 Bid 19.00 If you deal through a broker you will at best be offered 19.2 to buy and perhaps 19.05 to sell. The only exception to this is if the market maker (who has level 2 access) sees an imminent price movement. Then you may get offered a...
  9. J

    crashing computer

    My setup is quite antique actually, but considering all it does is monitor feeds it is still fast enough to cope. I use a 2GHz Pentium 4 with 384 MHz RAM. The graphics card is a Matrox G200 twin monitor AGP with a Matrox G450 eTV in a PCI slot. All running on XP but it worked too on Windows...
  10. J

    Trading Level 2 via CFD's

    Mick, IG Market's Direct Access is superb. I'm not sure what the general opening requirement is but I only needed £2,000 to open my account. You need to trade 10 times a month or else you are charged after the six weeks free trial. I make 10-20 trades a day using their platform. I wouldn't be...
  11. J

    crashing computer

    I use a Matrox card with three monitors. I had a very similar problem. I was OK until I installed the multi-screen card. Then the PC fell over and rebooted many times a day, losing valuable real time data each time. The fault was the CPU. It coped perfectly with the normal single monitor card...
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