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CFD's.......need some sound advice     

terod - 22 Sep 2003 15:33

hi, a bit new to all this.....very keen to start CFD's and semi-opened an account with iDealing and IG markets. have read stuff that 'perhaps' they maniplulate the spread if they see people getting it right. is this true? is there any one place to go for a good read and/or insight into how this can work for the average investor (i've spend 5+ years in the traditional arena so i have a pretty good knowledge foundation).

kernow - 23 Sep 2003 15:37 - 13 of 18

Terod
I've been on D4free for a while. I'm not so enthusiastic as Trading shed but I still recommend them. Orders sometimes take ages to fill, requotes do happen to me regularly and recently when abroad I couldn't get the web based trade system to work plus it took ages to download at an internet cafe with ADSL. D4free still seem the best around and there are plenty of volatile shares in the FTSE to keep you amused.

cyclist - 23 Sep 2003 16:06 - 14 of 18

Whilst I agree that Deal4free are excellent, I would point out that they are not a gambling organisation for tax purposes, and therefore any gains are subject to Capital Gains Tax. Also any losses are allowable against other Capital Gains.
The other organisations all appear to be treated as "bookies" and therefore the tax is covered in the spread. Thus Deal4Free can offer tighter spreads.

zarif - 23 Sep 2003 16:26 - 15 of 18

have alook at a site called: indexking trades it is quite interesting

www.winning-spreadbets.com

let me know what you think of this trading tips etc.

rgds
zarif

Gausie - 23 Sep 2003 16:52 - 16 of 18

Zarif - if you're full time, try the traders BB on this site for a while. Most of us trade full or part time too.

zarif - 23 Sep 2003 17:02 - 17 of 18

gausie:
Many thanks your advise I was and am going to join the traders BB. Can you tell me how much it is to join etc??? and is it worth it ( iam sure it must be from the friendliness and the decent threads etc that are posted on the inv bb
rgds
zarif

terod - 23 Sep 2003 18:12 - 18 of 18

Gausie: for those of use who hope to go full-time, and wanting to join in the traders' BB, any advice as to how to jump on board, what's the etiquette regards joining threads? also, what do the majority of you do - spreads, cfd, anything 'traditional' or is all about latest techniques? I am very keen to get started but just need to hear testimonials from others that you can make a go of it. i've loads of experience with trading shares - now looking for real capital growth, with short-term, quick in/outs.

if there are any threads you can recommend my reading....

thanks.

t.
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