andrewmooton
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whats so bad about d4f?
i heared they were quite good.
i heared they were quite good.
any successful spread betters here?
- Thread starter andrewmooton
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MysticalTrader
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this makes it three
MT
MT
Rainmaker said:
andrewmooton
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why? what am I missing?
can you give me an example of what makes them bad in your opinion?
i was going to spread bet forex with them.
incidentaly, who would you say is the best SB company for forex?
can you give me an example of what makes them bad in your opinion?
i was going to spread bet forex with them.
incidentaly, who would you say is the best SB company for forex?
andrewmooton
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and I suppose ppl dont have these problems with capital spreads?
Racer
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I was not commenting on them.
If you wish to trade with D4F that is up to you, if you want to discuss the merits of various spreadbettters then have a look at the other threads, but at the end of the day they are bookies and some are worse than others.
Use direct access if you don't want to deal with bookies.
If you wish to trade with D4F that is up to you, if you want to discuss the merits of various spreadbettters then have a look at the other threads, but at the end of the day they are bookies and some are worse than others.
Use direct access if you don't want to deal with bookies.
andrewmooton
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besides, I thought they hedged against you thus balancing their books making the fact they you consistently win a non issue. or am i being naieve?
Racer
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If 95% of people who spreadbet lose, why should they hedge?
And it is tax free, but that means you can't offset any losses against gains.. do you think the taxman would want to take advantage of all those 'gains' if a lot of people win? No... cos the others would be able to benefit (if that is the word!) by being able to offset some of their tax liability elsewhere.
And it is tax free, but that means you can't offset any losses against gains.. do you think the taxman would want to take advantage of all those 'gains' if a lot of people win? No... cos the others would be able to benefit (if that is the word!) by being able to offset some of their tax liability elsewhere.
Trader333
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andrewmooton,
I dont spreadbet but what Racer says is correct. Also not that long ago one well known Spreadbetting company quoted in its annual report that:
Budgeted profits for the year were below plan because clients had won more than was planned for. This is an anomalous situation that is not expected to continue.
If they hedged all positions this would not happen and clearly demonstrates that they dont. Essentially they are bookmakers and that should be remembered when using them.
Paul
I dont spreadbet but what Racer says is correct. Also not that long ago one well known Spreadbetting company quoted in its annual report that:
Budgeted profits for the year were below plan because clients had won more than was planned for. This is an anomalous situation that is not expected to continue.
If they hedged all positions this would not happen and clearly demonstrates that they dont. Essentially they are bookmakers and that should be remembered when using them.
Paul
MysticalTrader
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do people like FXCM or forex.com adopt the same dubious tactics?
MT
MT
Trader333 said:
andrewmooton
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MT, fxcm are not spreadbetters so why sould they?
andrewmooton
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Also, if the SB companies really didnt want you to win, then why does finspreads for example promote ppl who can help the punters to win?
this seems like bizzare behaviour if what you say is true
this seems like bizzare behaviour if what you say is true
trendie
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By having some advertised winners, they give the impression to ordinary punters that they too can win.
That way, there is a steady flow of new players.
Bit like the lottery - chances of winning remote - but they sell the dream that is easy, or they could be next big winner.
We know trading is a slow and steady game - but the newbie traders expect big wins immediately, and consequently go bust chasing instant wins.
That way, there is a steady flow of new players.
Bit like the lottery - chances of winning remote - but they sell the dream that is easy, or they could be next big winner.
We know trading is a slow and steady game - but the newbie traders expect big wins immediately, and consequently go bust chasing instant wins.
donaldduke
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SB companies want you as an individual to be profitable (but only if its not at their expense), however even though they are happy for you to win, they know its unlikely that the majority of customers will be profitable and so they will exploit this fact to boost profits.
The losers are going to lose to the market anyway and the profitable traders get a better deal: tighter spreads because the SBs are not completely reliant on the making money from the spread.
The losers are going to lose to the market anyway and the profitable traders get a better deal: tighter spreads because the SBs are not completely reliant on the making money from the spread.
MysticalTrader
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seems like I ought to open an acount with FXCM then... not that I think SB companies will swiz you (they are regulated by FSA), but the spread with FXCM are lower anyway
MT
MT
andrewmooton said:
MysticalTrader
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I am really not sure about this. What tactics will SB company employ to alter tha balance. It all seems a bit unlikely to be honest, though I know I may be being naive.
How is it done?
MT
How is it done?
MT
trendie said:
CityTrader
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Mystical Trader - start looking for conspiracies, and you'll go insane. They do not collude to create ways to part you from your money. " some" may "read" you a little ( it's what market makers do - and SB firms are effectively Market makers) I had lunch last week, with one of the larger SB'ing firms, and I asked him about this, and he said they just dont have the time or the inclination to read their punters. If they have a "hot punter" last thing they want is for him to go elsewhere- they'd rather he dealt with them, and then they can go with his trade.
I know the other SB'ing firm I use also does NOT read their punters... BUT as I have said before,remember - no such thing as a free lunch...
All told I think as Donlad Duke says above, the SB firms want you as an individual to be profitable- just like a casino....
I know the other SB'ing firm I use also does NOT read their punters... BUT as I have said before,remember - no such thing as a free lunch...
All told I think as Donlad Duke says above, the SB firms want you as an individual to be profitable- just like a casino....
andrewmooton
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what exactly does 'want you as an individual to be profitable' mean?
TheBramble
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I'm not going to argue with one who has lunch with 'the good & the great', and I know they don't collude or even individually single out pocket-money punters...CityTrader said:
But they do take notice of the consistently successful punters who place bigger than average bets and make a profit...either to follow or to hedge.
For the run of the mill action, they will bias their prices on their expectations of the underlying. Which you can either use (if you're astute enough) of suffer from if you're not.
And when they're none too sure, and when they're not locked in to fixed spreads - they'll widen it. And why not. We'd all do the same in their shoes.
