I just wanna know people's opinions about the best form of trading that suits somebody just starting out. Personally i have opted for spreadbetting cos of it's simplicity and lack of commisions to pay to brokers.
Personally, I would have thought the chances of you making money in the first year or two, are pretty slim, so I would avoid spread betting - as spread bets have a wide spread to cover their costs and extra gaming revenue. And all that will happen is, you may end up losing money on what could have been a winning position due to the spread.
If you're going to trade indices use CFD's. If you're going to trade individual equities use a broker. Remember with the ammount of comm you pay.. you get what you pay for.
When and If you start to make money, and the capital gains tax becomes an issue- then look at SB.
i don't understand why experienced traders believe a newcomer has to lose money in his/her first year. It doesn't always have to be true 4 everybody. I'm very sure that there are a lot of newbies who started making profits in their first year so it's good to be realistic but negativity will not help anybody's confidence.
You only make money on a market that moves.The Nasdaq moves,it also has the best trader friendly execution package there is.The Nasdaq leads and the world follows.
T/a on the Nasdaq works like a dream.Some of the old tech inspired stocks spring in to life when the market surges.VRSN,YHOO,AMZN, some of the old names up 70%-110% since March.
If your a serious trader in the end you learn to have a look at the Nasdaq.There is no reason why new starters shouldn't look there as a place to start trading.Many brokerages offer Internet trading on all these stocks.There is nothing to say you have to be a day trader to trade the Nasdaq.
I have only ever traded uk stocks and have been blindly ignorant of the nasdaq. I think it was you that said something like, it takes only a minutes foolishness to ask a question but saves a lifetime of ignorance, or something like that. So how do you go about trading the Nasdaq? what brokers exchange, rate, Any reading or websites on the subject. I only trade the uk stocks because I guess I feel safer doing it. There is no rational behind this but I guess its inbuilt to stick with what you know. I am talking about short term trading.
I run 1 day 1-2-1 courses on "How to trade the Nasdaq",it covers everything you need to know.What brokers to use.What types of trading platforms are available.How to trade it with $2,000.Types of trades to look for.simple strategies, advanced strategies,level 2 direct access.How traders make $1000 in the first half hour of trading.You name it i do it.
It can be booked on line on the home page of t2w.Just book a Nasdaq level 2 course and when i get in touch with you tell me you want to do the "How to trade the Nasdaq course."
No one need be ignorant about the Nasdaq.When this market goes it'll be the Nasdaq traders that will clean up.Anyone can send me a personal message if they dont want to post.