Archive for July, 2009
Bucket shop broker allegations
A regular source of messages on trading related forums such as Trade2Win and babypips is people complaining of being ‘scammed’ by their broker / spread betting company. I’m going to list some of the common types of complaints. Stop chasing One of the most common complaints is that trading companies engage in ‘stop chasing’. This [...]
Live vs demo trading account
If you are new to trading then you may be wondering whether to start with a live trading account or a demo (practice) trading account. A live trading account is one which will require real money to be deposited and then risked in each trade. Of course you will also be able to make real money. A demo - or practice account will allow you to [...]
Trading from the news
Making trading decisions based on live news is a popular way of trading. It is also one of the most difficult trading methods. As a beginner trying to trade on live news will in most cases lose you money. There several factors why it is hard to win from breaking news: 1. Professional traders will have already placed their trades and moved [...]
CFD trading demo accounts
Before you start risking your money with a live CFD trading account you will probably want to try some demo accounts from different brokers. Practice accounts will help you to familiarise yourself with the mechanics of buying and selling, and help to evaluate the various trading platforms that CFD brokers provide. If you are thinking of opening [...]
How much money could I lose trading CFDs?
Before placing any contracts for difference (CFD) trades you should ask yourself the question of "How much money could I lose?". If you are to trade responsibly you should always be focusing on what you could lose, not what you could win. If you are focusing on how much you could win then you are either at high risk of losing a lot of money, or [...]
Analysis of the IG Index – ‘better sell oil’ advert
Here is the first in an occasional series where I’ll look at a financial advertisement and explain my opinion on what the advert is trying to achieve and how it is trying to do this. This very green advert appeared in City A.M. recently. It is not a new advert; it is part of an existing series. The slogan is “If you’re thinking [...]
Why your broker always wins
No matter whether you win or lose your broker or spread betting company should always be making money. Just look at IG Group's financial reports for instance. They are making a huge amount of money every day - their latest trading update for their financial year predicts a profit before tax of £125 million. Clearly allowing people to trade with [...]
City A.M. London’s free business and finance newspaper
If you want a useful source of free financial news, opinion and analysis each day then make sure you look out for City A.M. It is one of a growing number of free papers which is available in London. Others include The Metro, thelondonpaper and The London Lite. City A.M. is more specialist as it focuses on financial news. You can find it [...]
