Reply to thread

Message

<blockquote data-quote="xlwsolidsnake" data-source="post: 3242687" data-attributes="member: 107167">Just did some quick checking as well. If you&#039;re trading physical you&#039;re probably paying something like a 2 or 3% spread. And CFDs are about a tenth of that. And futures are probably a third of that again. So, like anything, you&#039;re paying for not having that risk - or in the case of CFD you&#039;re paying also for the tax arb.Oh, and no problem. I can&#039;t give advice or anything that looks like it because of the licenses I hold. (It&#039;s more restrictive than a &#039;normal&#039; private citizen, I&#039;m not even supposed to give advice to family.) The other reason is like I said, I know I don&#039;t have any edge in stuff over a day - so I assume I&#039;ll get run over by the people that do, and so would anyone I &#039;give advice&#039; (read: &#039;talk bollox&#039;) to. But, I am more than happy to explain any of the workings, contract specs, where the costs are (like in the spread stuff I put above), and general knowledge stuff that a non-professional might overlook simply because they haven&#039;t been doing it for 10 hours a day for 10 years. So, fire away if you think of anything. I&#039;ll watch that vid later today, thanks for the link!</blockquote>

[QUOTE="xlwsolidsnake, post: 3242687, member: 107167"] Just did some quick checking as well. If you're trading physical you're probably paying something like a 2 or 3% spread. And CFDs are about a tenth of that. And futures are probably a third of that again. So, like anything, you're paying for not having that risk - or in the case of CFD you're paying also for the tax arb. Oh, and no problem. I can't give advice or anything that looks like it because of the licenses I hold. (It's more restrictive than a 'normal' private citizen, I'm not even supposed to give advice to family.) The other reason is like I said, I know I don't have any edge in stuff over a day - so I assume I'll get run over by the people that do, and so would anyone I 'give advice' (read: 'talk bollox') to. But, I am more than happy to explain any of the workings, contract specs, where the costs are (like in the spread stuff I put above), and general knowledge stuff that a non-professional might overlook simply because they haven't been doing it for 10 hours a day for 10 years. So, fire away if you think of anything. I'll watch that vid later today, thanks for the link! [/QUOTE]

Name

Verification

Loading…