IS IT WORTH USING RETAIL trading platforms such as IGMARKETS etc?

[Alexander0884]

Dear Community,

I have been delving in and out of this interesting industry. I myself work in the city as an accounts assistant. I first became interested in trading not so long ago and have read quite a few books that describe the methods, techniques etc. Tech analysis and fundamental etc.

What I don't know is how to actually start out. Initially I used a trial account at igmarkets to see how easy it was to use psychology etc in trading commodities such as gold. Following reversal patterns and etc

I noticed they started raising the spread and the commission on each transactions and I also note that nobody here talks about these guys. So would you kindly advise me of what I should do in my situation where I have a 9-5 and really want to get into trading but do not have luxury of sacrificing my day job.

Oh furthermore, I would like to do this mainly for the learning experience at first, not just the trading skills but getting to know the market as part of my ambition is to become a financial adviser (CFA).

 

[HairyMoose]

Dear Community,

I have been delving in and out of this interesting industry. I myself work in the city as an accounts assistant. I first became interested in trading not so long ago and have read quite a few books that describe the methods, techniques etc. Tech analysis and fundamental etc.

What I don't know is how to actually start out. Initially I used a trial account at igmarkets to see how easy it was to use psychology etc in trading commodities such as gold. Following reversal patterns and etc

I noticed they started raising the spread and the commission on each transactions and I also note that nobody here talks about these guys. So would you kindly advise me of what I should do in my situation where I have a 9-5 and really want to get into trading but do not have luxury of sacrificing my day job.

Oh furthermore, I would like to do this mainly for the learning experience at first, not just the trading skills but getting to know the market as part of my ambition is to become a financial adviser (CFA).

IG Markets does CFD's which I've never traded , only done spread betting which is allegedly more dangerous than CFD's.

Just as a guess about the increasing commissions maybe you are building up your position sizes and your risk is increasing. ie. you are getting over leveraged. That is just a pure guess from me of course

 

[Alexander0884]

Oh ok, but generally CFCs are no different aren't they? Just leveraged trading wthrough s contract... In smiliest terms.