Hi
For spread betters/ traders, it is the best policy to apply a quick and get it entry/ exit.
No rollover or going in for prolong ( more than 1 hour ) kind of thing. As you know, the market in London would be more and more upbeat dependent on the Treasury and other commercial sector news. Due to unemployment, a lot of other implications would arise.
As you can gather, there would be more unemployment and there would be also more and more crime ( high level ones like hacking and frauds as well ) being committed so do watchout for any online glithes and attacks. It is advised that you never pay the betting/ trading company online either using a credit card or even a debit card. Use crossed check instead. I am a former IT security/ technical consult.
Also never use an IM program ( such as skype or icq ) when you are trading/ betting as these succumb to hacking events or internet virus spread, very easily. If possible use free programs like zonealarm ( firewalls ) and Mcafee site_advisor as these would prevent phishing sites and virus/ hacking from ruining your connection bandwidth. You see there are adwares that can STEAL YOUR BANDWIDTH, so that the data feed from the brokerage slows down - a change in FTSE might take 14 secs instead of the almost real time change!
Spyware/ adware also slows down the PC/ Laptop such that your automated trading system might not execute the proper trading ( STOP or TRAILING STOP ) in time! It will even cause untold stress and frustration if you have to execute it yourself ( in the case of non-automated trading system interface )!
That is why it is necessary to be like a Barbarian Raider than a long term Holder strategy for those who are into spread betting/ trading. Ha, it is also wise to choose a good and trusty brokerage ( it is like you are fighting on their tuft ) as they can turn and backbite ( since the money is in their hands ) you, even though you have an account with them and the money deposit is in the positive. They want to Earn Money ( whether be it from you, the client or from its hedge that it supposedly places for every bet ) - the Main Object!
Let me further advise that there is volitility in the FTSE and of course, there will be a downward coming soon. So, that trendline would hold for days. Do watchout for it. That is like a good wave for those who like a good Surfer, try to get a good surfing record!
I am also into the DOW as well. But will keep the update on a separate tread.
S K
--------------------------------------------------------------------------------------------------------Hi there
Be one with GOD, so that HE may appoint a deliver for your Soul! -HariHaraBramKalki ( S K )
I have actual Fundamental Analysis data that the deviations might be more of a 4-10 % point downward. Might not be a spiral to a support of 5,200 yet but that is my analysis using current FA data.
But of course, intraday analysis depends on the data feeds and Tech Analysis instead.
I am certain that 5,200 plus minus 75 points would be a comfortable region for those who might consider short-selling the FTSE futures or even spread trade or bet!
The Spread traders of course, cannot carry a roll over trade to the next day. Of, for those of you who might want to spread trade or bet, please do consider this point. And I definitely would discourage anyone getting into credit card debts for the sake of getting to trade or spread trade. Makes no sense here.
The Fri ( 29/08 ) close is 5,637 - up 36 points from ( 28/08 ) Thurs closing of 5,601 and of course that was steadily rising little from the rest of the week.
S K
I actually think that as long as you position size relative to the volatility of the time frame you are trading the risk is no greater. That may not be the case with SB companies but I have not found it to be an issue using direct access.
Paul
