A bit more from the same report.
There's been a white paper on SB prepared by Cass Business School - cass.city.ac.uk and a survey by Celent which showed that average growth rate of 26% 'taking revenues from £200 to £500 by 2010.
''The FSA has taken steps to force the industry to take a more responsible approach to its promotions, particularly those targeting novice spread betters, by ensuring risks are not under-played at the expense of benefits such as winnings free of capital gain tax.
''Several years ago, it levied hefty fines on two established SB firms which had fallen short of these rules aimed at protecting consumers.''
And here're the two releases by the FSA some years back
Cantor Index fined 70,000 for misleading spread betting promotions
City Index Ltd fined £35,000 for misleading financial promotions
I find this very interesting and new SB firms are likely to repeat these mistakes while on the hunt for new customers. Some might already have and haven't been taken to account.
There's been a white paper on SB prepared by Cass Business School - cass.city.ac.uk and a survey by Celent which showed that average growth rate of 26% 'taking revenues from £200 to £500 by 2010.
''The FSA has taken steps to force the industry to take a more responsible approach to its promotions, particularly those targeting novice spread betters, by ensuring risks are not under-played at the expense of benefits such as winnings free of capital gain tax.
''Several years ago, it levied hefty fines on two established SB firms which had fallen short of these rules aimed at protecting consumers.''
And here're the two releases by the FSA some years back
Cantor Index fined 70,000 for misleading spread betting promotions
City Index Ltd fined £35,000 for misleading financial promotions
I find this very interesting and new SB firms are likely to repeat these mistakes while on the hunt for new customers. Some might already have and haven't been taken to account.
Come on- GET UP!
Sold to Close BSY at 561.4. A better profit than I hoped for, 11.3 points, as I expected to get stopped this morning on the opening.It has come back 5 points from its high, which is why I sold. Who knows what Dow will do- except you guys, of course
Split
Sold to Close BSY at 561.4. A better profit than I hoped for, 11.3 points, as I expected to get stopped this morning on the opening.It has come back 5 points from its high, which is why I sold. Who knows what Dow will do- except you guys, of course
Split
Splitlink said:Come on- GET UP!
Sold to Close BSY at 561.4. A better profit than I hoped for, 11.3 points, as I expected to get stopped this morning on the opening.It has come back 5 points from its high, which is why I sold. Who knows what Dow will do- except you guys, of course
Split
Hi Split,
Just up but not running yet
Well done on BSY! Given the growth of SB, CMC's upcoming floatation is an interesting one to watch don't you think?!
Cheers,
Hung
chindl
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Love the 34 and 64 resistance levels, it's soooo bizarre.. It tested the pivot for a while then moved to the southside. I missed the move, kiddi time so can only get aboard after 7pm. Managed 17 points from the morning session though, so positive for the morning. We're chopping at 34 now.
Vaco
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HI Chris,
I'm hoping for a close below s2 10938 as this would hint towards another move down 2mmorow but i'm not too confident, looks like its gonna be a narrow choppy range for the next couple of days, think i'll take halp my position at the close 2night and place a stop for the rest.
Trading the first bounce off of r1 11034 would have been rewarding today.
Good Luck
I'm hoping for a close below s2 10938 as this would hint towards another move down 2mmorow but i'm not too confident, looks like its gonna be a narrow choppy range for the next couple of days, think i'll take halp my position at the close 2night and place a stop for the rest.
Trading the first bounce off of r1 11034 would have been rewarding today.
Good Luck
Elefteros said:yes i am!
and with the latest dive I'm hopeful now that we may drop below 10900 a close below this point would be lovely for me
We have a bit of a conflict of interest here. I want it to bounce back up about 20 points while you want it to travel the same number of points down
It does look like it's going to go your way though.
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Vaco
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I read in a book recently,
'once you can see a pattern, its often too late to trade it'
or another way of looking it is that if the price tests support/resistance 2 or 3 times its either not gonna test it again or will go straight through
Happy trading
'once you can see a pattern, its often too late to trade it'
or another way of looking it is that if the price tests support/resistance 2 or 3 times its either not gonna test it again or will go straight through
Happy trading
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