SeaBass
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| posted on 13/5/10 at 07:55 PM |
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OT: Anyone Spread Trading?
I've been looking into this over the last week anyone on here involved in Spread Trading / Spread Betting on Financial Markets. JC
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David Jenkins
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| posted on 13/5/10 at 08:04 PM |
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I used to work for a company that wrote software for spread betting on financial markets... it's an amazingly successful way of losing a vast
amount of money in a very short time!
For example, one day I was testing a new version so I put a £1 of Monopoly money (i.e. test make-believe money) per point bet on the FTSE100 index.
By the end of the day I had made more than £10,000. When I came in the next morning I had lost £50,000!
In other words - it's best avoided unless you have a huge amount of knowledge of the financial markets.
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StevieB
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| posted on 13/5/10 at 08:06 PM |
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^^^^^^^^^^^^^As above, plus you also need to be ina position where you can open/close posiions at the drop of a hat as things can change very, very
quickly on the markets.
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RK
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| posted on 13/5/10 at 08:38 PM |
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Is that anything like manure spreading?
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David Jenkins
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| posted on 13/5/10 at 08:44 PM |
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Pretty much the same... you can certainly be 'in it' remarkably quickly...
[Edited on 13/5/10 by David Jenkins]
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russbost
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| posted on 13/5/10 at 09:10 PM |
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"it's an amazingly successful way of losing a vast amount of money in a very short time!" - Couldn't agree more - about 20
years ago I lost about £6k in the space of about 3 months, the firm doing the trading for me & giving the recommendations strangely made a
significant profit on the transactions .........................
My advice would be that unless you have RELIABLE insider information (which of course is illegal) avoid like the plague!
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Don't forget Stainless Steel Braided brake hoses, made to your exact requirements in any of around 16 colours.
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NOTE:This user is registered as a LocostBuilders trader and may offer commercial services to other users
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blakep82
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| posted on 13/5/10 at 09:36 PM |
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have a play on this site www.bullbearings.com
don't know quite how accurate it is, but worth playing with to see if you're likely to be any good 
________________________
IVA manual link http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES&itemId=1081997083
don't write OT on a new thread title, you're creating the topic, everything you write is very much ON topic!
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DM
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| posted on 13/5/10 at 09:41 PM |
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I work for what you might describe as a very high tech (and very successful) hedgefund. Before joining them I used to think that spread trading was
something I might dabble in but now think the whole thing is best left to the pro's!
instead, I put my money into funding risks I have a better understanding of... like kit cars
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coozer
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| posted on 13/5/10 at 09:59 PM |
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Yes, I do, but I'm crap at it
1972 V8 Jago
1980 Z750
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TimC
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| posted on 14/5/10 at 11:46 AM |
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A close colleague of mine who is extraordinarily bright has recently started to 'dabble.' He does ok but, quite frankly, he's
barely mortal.
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