FTSE

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FTSE

Postby MarkD » Wed Sep 07, 2011 7:43 pm

I have been demo trading currencies for quite some time, never quite profitable consistantly enough to go live.

For the last couple of weeks I have switched to watching and demo trading the FTSE. (I'm in London btw)
I am currently 16 days in and not had a day end at a loss !!!!

I've noticed the bid / offer spread only seems to be 1 or 2 points, which is fine.
Or am I not taking consideration of some fee or something?
EG. If I open a 5k position is there a £50 fee or similar?

Many thanks

Mark D
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Re: FTSE

Postby shona123 » Thu Sep 08, 2011 2:22 am

It will be broker dependant Mark.
Have you checked with your current broker? or the one you're demoing with?

There will be either a fixed commission or a percentage of the trade which usually pivots between 0.2 - 0.5%. Exchange fee's & minimum size fee's will either also be charged seperately or built into the bottom line costs, again depending on which broker you use.

If you're intending to use a UK spreadbetting firm then those costs will be built into the spread with no additional costs to pay for each trade deal.
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Re: FTSE

Postby forexfan » Mon Oct 24, 2011 6:10 am

Making market predictions is fun but of no practical use - as Max Gunther wrote in "The Zurich Axioms", there is No Profit in Prophets.
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Re: FTSE

Postby forexfan » Tue Oct 25, 2011 11:08 am

Don't know if this has been asked before. Is there a simple method to reduce currency risk?
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