Anyone clued up about CFD trading?

Johnnytoxic · 26 Aug 2013 at 20:20

I need to buy some stock that I think will rise.

Am I best trading CFD's or actual stock? The company is on the Nasdaq.

Any tips recommended sites would be great, thanks.

Johnnytoxic · 26 Aug 2013 at 20:41

Is Plus500 any good?, I have a small grasp of it. I made about £25 when BP when crazily low and sold a while after.

Johnnytoxic · 26 Aug 2013 at 20:57

Damn I'm not sure I know what I'm doing but this is what I've done. I'm in this for at least a month.

Hoping TakeTwo's stock will jump high when GTA5 gets released.

Johnnytoxic · 26 Aug 2013 at 21:07

I know its not going to shoot through the roof, I can just see it going up closer to release.

The share price is at $19.18 currently, If it goes to about $24 like it did with GTA4, I'll grab the difference.

About £380 for 300 cfd's. We will see, I just know the buzz and excitement usually ups the price temporarily.

Johnnytoxic · 26 Aug 2013 at 21:23

Yeh 1:10.

Yes you can have losses, but you can put a stop limit on it, so if the share price falls below say 14 which I hope it won't it automatically closes.

They charge a 0.03% overnight position holding fee each night. So 0.75% for 25 days, is that right?

Johnnytoxic · 26 Aug 2013 at 22:14

As I understand it yes.

300 shares at $19 = $5700

for example
300 shares at $24 = $7200

$1500 difference which should be yours, minus that Premium.

What the price will go up to is anyone's guess. As Fox said I think the boom has already happened,

Johnnytoxic · 26 Aug 2013 at 23:24

I'll probably up it a bit. Will see what happens, I may have to ask your advice when to get rid nearer the time.

I've dived in already

With this being GTA, unless the reviews shovel out a 1/10 surely the stock should be gaining momentum until release.

Johnnytoxic · 27 Aug 2013 at 07:57

Did you make that graph, what's that software?

Johnnytoxic · 27 Aug 2013 at 18:53

This Syria stuff is not helping !!

Stupid warmongering lying western governments.

Johnnytoxic · 27 Aug 2013 at 23:16

Hard day of learning today. ouch.

Its for your entertainment guys, hahaha haha ha ha.......ha........

Johnnytoxic · 29 Aug 2013 at 22:23

This Syria thing is unsettling now. I know it would affect FTSE and Wall Street but how much does it affect individual companies.

Johnnytoxic · 29 Aug 2013 at 22:30

Closed at 18.88 was a better day indeed.

Johnnytoxic · 29 Aug 2013 at 23:28

Hikari Kisugi said:
I see that, I just looked at weekly and daily figures for them, this time last year they were sitting at 8.00 a share, now it is 18.88. How much per day does it cost? Compound?
Is that cost based on your deposit or the entire leverage?

It's about £1.50 a day to keep open.

0.03% a day of the total share value I believe.