therichimo
Newbie
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Hi all
I have just recently started spreadbetting and am a beginner. Over the past 2 months I have spent time reading many posts here, which are an excellent source of information and also getting to grips with charting/trend analysis etc. I have also been practicing with a demo account. I am only betting small on FTSE shares right now to get hands on experience. The one thing that I am not clear on is, what tools should I have at hand to take this on properly?
This is my take >
1. Spreadbetting account (obviously).
2. Good charting package for historical data / seeking setups & entry points (I am using ProRealTime for this job)
3. Level 2
The biggest thing worrying me is wether I need Level 2 so I can see the market order book.
Also the spreadbet firm I have an account with does not show volume in the charts which I find worrying as I have come to the conclusion that you should never open a position without having strong volume as a confirmation of movement.
Thankyou in advance for your help.
TheRichIMO
I have just recently started spreadbetting and am a beginner. Over the past 2 months I have spent time reading many posts here, which are an excellent source of information and also getting to grips with charting/trend analysis etc. I have also been practicing with a demo account. I am only betting small on FTSE shares right now to get hands on experience. The one thing that I am not clear on is, what tools should I have at hand to take this on properly?
This is my take >
1. Spreadbetting account (obviously).
2. Good charting package for historical data / seeking setups & entry points (I am using ProRealTime for this job)
3. Level 2
The biggest thing worrying me is wether I need Level 2 so I can see the market order book.
Also the spreadbet firm I have an account with does not show volume in the charts which I find worrying as I have come to the conclusion that you should never open a position without having strong volume as a confirmation of movement.
Thankyou in advance for your help.
TheRichIMO