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5% - 10% profit per day trading
- Thread starter spanish89
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Quote from usman88:
can you tell me what is their min balance rq. to open an account? can I fo $100/tick with them?
No minimum. Maximum 'bet' risk is £10,000 for a normal account. So hypotetical maximum tick is £1,000 per tick based on a 10 tick stop loss.
I am not sure spread betting is worth while if your trading style targets moves that are too shallow. My minimum target is normally 100 PIPs so a 7% spread cost is still worthwhile given the tax free status of spread betting.
Quote from MJUK:
I would use IG Index if I were you. They use WTI. Brent has far less liquidity so presumably you pay a higher spread? IG Index is normally 6-7 PIPS.
Yet RBS offer a 3pt spread in normal hours and about 22hours per day trading... I'll stick with RBS, especially with its far superior interface and the fact that you can set your stops as tight as you want.
Quote from MJUK:
No minimum. Maximum 'bet' risk is £10,000 for a normal account. So hypotetical maximum tick is £1,000 per tick based on a 10 tick stop loss.
I am not sure spread betting is worth while if your trading style targets moves that are too shallow. My minimum target is normally 100 PIPs so a 7% spread cost is still worthwhile given the tax free status of spread betting.
I want my 18 year old brother to start trading. I figured it would be better for him to use a SB firm and risk like $1 or $2 per tick initially. This way even if he blows up the account, it wont hit hard
Quote from usman88:
@all
this was the initial rally we needed for oil to have some hopes of being bullish. I am now of view that we will see $45 today keeping in mind the bullish data and the fact that it is a friday
Agreed on this. I've been building a long position for the inevitable (!!!) move.
Quote from porph:
It is what RBS offer - no choice in the matter. In fact, another thing I should ask them about. When I read this thread the crude numbers mean nothing to me!
Exactly my problem too... Different prices for different oil markets with spreadbet companies,, Thats why i have a DMA quotes flowing too...
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