SB on Stock Indices

CarpeUK

Active member
175 0
Ok so far I have been reading lots and lots about forex trading
but I was given a tip today for the FTSE100 so I decided to go
with it using my virtual account on www.tradindex.com

The guy who gave me the tip would not tell me how he works his
strategy (I can understand)

I was wondering about spread betting on the Indices
FTSE100, DJ, NASDAQ, SP500 etc seems like something I would be
interested in learning, at the moment the FOREX market i am finding a little difficult as i am so new to SB & the markets.

To start with is there a simple strategy that I can follow (a step by step guide if you like) to help
me get used to spread betting on the indices or am I wasting my time because there is no such thing.

Also the tip I had today (hope i am aloud to enter this) FTSE 100 4370 long stop loss 4350 and so far it is doing well. 30+ points the last time I looked

Any help will be appreciated
Thanks
 

Dave1971

Active member
135 0
CarpeUK said:
To start with is there a simple strategy that I can follow (a step by step guide if you like) to help
me get used to spread betting on the indices or am I wasting my time because there is no such thing.

There is a thread on this site about a dow jones day trading strategy that was started many months ago based on a strategy developed by Chartman I think. It is based on a 100 EMA ( exponential Moving Average). It is in a word document and is pretty comprehensive, if you can't find it let me know and I'll see if I can remember where I saw it.
 

stevet

Established member
917 5
all tips have a 50/50 chance of success - except those you put money on!

bit like trading systems!!
 

CarpeUK

Active member
175 0
Dave1971 said:
Found it, it's in First Steps, under ' Trading the Dow jones Strategy'

Thanks Dave i will read it and see how I go.
 

CarpeUK

Active member
175 0
stevet said:
all tips have a 50/50 chance of success - except those you put money on!

bit like trading systems!!


I do not want to rely on tips form others, I want to be able to work with a strategy and as I am new to all this I am trying to find the easiest to start with then move onto more complicated strategies
 

stevet

Established member
917 5
what does "easiest" mean?

do you mean something easy to understand and easy to do - that makes money
 

CarpeUK

Active member
175 0
stevet said:
what does "easiest" mean?

do you mean something easy to understand and easy to do - that makes money

Yes easy or less complex. I understand with trading there are no guarantees but I am looking for a simple trading strategy to follow then I hope to move onto systems that are more complex. I will only be trading with virtual account until I become 100% confident with what I am doing.

also the more i look around the forum the more i am becoming confused because i do not know how many different ways there are to trade. i have read up on Forex & SB but i do not know anytthing about the rest. I would like to make a living out of trading but dont know where to start. I know SB is very risky but what other types of trading can i do that is stable compared to SB
 

stevet

Established member
917 5
ok - i only know the staring at a screen - day in day out method - for a year or two -and then build on that for another few years until you can call yourself a successful trader - but if you find an easy route that works - would be great if you let me know as well

but if anyone offers you an easy route - but wants you to pay for it - be that training or a system - bear in mind that that person is unsuccessful at trading and makes their money by providing that service or product
 

CarpeUK

Active member
175 0
stevet said:
ok - i only know the staring at a screen - day in day out method - for a year or two -and then build on that for another few years until you can call yourself a successful trader - but if you find an easy route that works - would be great if you let me know as well

but if anyone offers you an easy route - but wants you to pay for it - be that training or a system - bear in mind that that person is unsuccessful at trading and makes their money by providing that service or product


I have seen few companies about offereing there systems for a lot of money. I totaly understand the staring at a screen for 6 hours a day trying to learn, thats what i am doing at the moment but i am having trouble seeing the wood through the trees as they say. The question i have to anyone on this site is besides SB as that is very risky what others ways can you trade that is stable compared to SB
 

stevet

Established member
917 5
you can trade futures and stocks through a broker - electronically or by phone - and its not that SB is risky - just that its another level of difficulty on top of trading via for example - a broker who offers electronic access to trade markets
 

Racer

Senior member
2,666 30
Easy way to start..

Look at support/resistance areas.. over several time frames from intraday to several years
 

Racer

Senior member
2,666 30
Look at Dow for last 10 years, see where major reversals happened, draw horizontal lines, then look at where you can draw more horizontal lines. Change the time frame, draw more horizontal lines... go to week charts... do the same, go to intraday... do the same..
 

Splitlink

Legendary member
10,850 1,233
CarpeUK said:
I have seen few companies about offereing there systems for a lot of money. I totaly understand the staring at a screen for 6 hours a day trying to learn, thats what i am doing at the moment but i am having trouble seeing the wood through the trees as they say. The question i have to anyone on this site is besides SB as that is very risky what others ways can you trade that is stable compared to SB

On trading with SB you can risk less when trading overnight. Successful day trading is the dream of most traders but overnight trading is the only way to make money for most of us, especially with SB. The spread is too wide to make day trading worthwhile.. Trading overnight with a broker means increased margin and, because of the minimum is 10 GBP per point,
a gap opening against the trader can be a crippler. I went over to IB two years ago to become a day trader. I, reluctantly, had to give up on the grounds that I am no good at it. I am back with SB, now, and my trades are open, sometimes, for three or four days on index trading, weeks, sometimes, for share trading.

The SB bias is the moan of most of us. It swings from one end to the other and means that , if you get it wrong you will have the full SB spread loss to add to your calculated stop loss. Get a couple of those in a day and you have to have a good win to just stay in one place. The other problem is that day trading turns you into a person tied to a monitor. IB taught me that I wanted to employ my time better.

Split
 
 
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