Where to start?

[sw2020]

I'm a smart person, numerate and have a pretty good business head on my shoulders.

The definition of Spreadbetting seems incredibly simple, but I've read numerous threads on here and it appears rather complicated; I'm guessing it doesn't help the fact I don't understand the terminology.

I've got some money in shares. But my idea of buying shares is all on what I think that market sector is going to do, whether the company is doing well, struggling etc. and how much the shares are trading at, what they were at, and where I think they're going to go.

I've done pretty well so far; but I'm bright enough to know that it's probably more luck than precise judgement.

Only graphs I use to make a judgement is the basic company information on TDWaterhouse.

I can barely use the software, let alone set up stops etc.

I want to take it to the next level. (which would be the first step above not knowing anything whatsoever)

Appreciate any help I can get. I know I've got a lot to learn. But have a feeling I'd chuck a load of money down the pan if I started trying to be too clever.

 

[Technically Fundamental]

When you get yourself into gear I've started a thread where us learners can compare analysis... go to fist steps section and have a look for "Spanish in disguise". Dont ask...

Good luck.

 

[foredog]

I posted a few links here, they may help you (they may not)

Don't trade anything until you've tested it and feel confident in it though.

http://www.trade2win.com/boards/general-trading-chat/56998-should-i-pay-course-etc-etc-etc.html

 

[Black Swan]

I'm a smart person, numerate and have a pretty good business head on my shoulders.

The definition of Spreadbetting seems incredibly simple, but I've read numerous threads on here and it appears rather complicated; I'm guessing it doesn't help the fact I don't understand the terminology.

I've got some money in shares. But my idea of buying shares is all on what I think that market sector is going to do, whether the company is doing well, struggling etc. and how much the shares are trading at, what they were at, and where I think they're going to go.

I've done pretty well so far; but I'm bright enough to know that it's probably more luck than precise judgement.

Only graphs I use to make a judgement is the basic company information on TDWaterhouse.

I can barely use the software, let alone set up stops etc.

I want to take it to the next level. (which would be the first step above not knowing anything whatsoever)

Appreciate any help I can get. I know I've got a lot to learn. But have a feeling I'd chuck a load of money down the pan if I started trying to be too clever.

Open an IG index account. Start their 6 week trade sense course trading with ten pence bets and get familiar with the platform; the real time charts, when/what spreads are best (time of day etc). Buy good value 'stuff' to help you trade, (lots of info on here).
IMHO you can paper trade for far too long, if you spend (lose) perhaps 200 quid on IG over perhaps a month conducting perhaps 200 trades then analysing why some were successful and some weren't that'd be a good start.

 

[Lord Flasheart]

I believe you wanted to know how spread betting works.Hopefully this will make it easier.
Normally
If you buy 1000 shares at 1.00 it will cost you £1000. If they rise to 1.01 you will have £1010. If they rise to 1.10 you will have £1100. Every point the share moves is equal to £10.This is because you have 1000 x 1penny shares 1000x1p = £10
Spreadbetting
So if you wanted to buy 1000 shares using spreadbetting you just bet £10 a point,
500 shares is £5 a point and 2000 shares is £20 a point.Of course you get no dividends but then again no tax

sometimes the simplest thing is hard to grasp.I spent ages trying to explain this to my father in law the other day and he is one bright cookie.Im not sure if that is what you were asking for if not ask away and Im sure myself or others will answer any direct question

 

[new_trader]

I believe you wanted to know how spread betting works.Hopefully this will make it easier.
Normally
If you buy 1000 shares at 1.00 it will cost you £1000. If they rise to 1.01 you will have £1010. If they rise to 1.10 you will have £1100. Every point the share moves is equal to £10.This is because you have 1000 x 1penny shares 1000x1p = £10
Spreadbetting
So if you wanted to buy 1000 shares using spreadbetting you just bet £10 a point,
500 shares is £5 a point and 2000 shares is £20 a point.Of course you get no dividends but then again no tax

sometimes the simplest thing is hard to grasp.I spent ages trying to explain this to my father in law the other day and he is one bright cookie.Im not sure if that is what you were asking for if not ask away and Im sure myself or others will answer any direct question

Julian, what you have explained is the concept of leverage which magnifies your exposure with little money down. This isn't unique to spread-betting.

Online Spread Betting | Spread Betting Explained

 

[roughbert]

IME the PaddyPower intro is clear and cant-lite. Financial Spread Betting and Spread Betting Concepts
But then I have not yet tried spread betting!
What do the experts think?

 

[shadowninja]

*coff*