Share Trading

try the halifax sharebuilder account if you're not bothered about immediate purchases. It costs £1.50 per trade to buy but your purchases are not instantaneous but are processed once or twice a week with everybody elses to keep transaction costs down.

Selling costs £5 for a trade under £250, or £11.95 for over £250, and that is instant. You don't have to fund it monthly....I just do one off buys and sells


http://www.halifax.co.uk/sharedealing/sharebuilder.shtml
 
Don't forget the stamp duty. That and broker's fees will swallow your £100 before you can blink.

Why do you want to trade shares on this scale? Practice before moving onto larger trades or you just want to make some money whichever way you can?
 
Danger Phoenix said:
I am starting off small with only £100
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That's way too little to be worth bothering with - your shares would have to perform heroically for you to even break even, with fees and the difference between the buying and selling price.
 
Avoid squareagain,

They are useless I ordered some shares on the Paris markets, they took the amount in sterling from my balance but:

If for example the single share price was 1€ they charged me £1 instead of £0.68 the conversion.

If they can't get basic currancy excange right I would not trust them.
 
Danger Phoenix said:
I don't like gambling... true shares are a form of gambling but it can also be said that they are business :p
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It's no more gambling than trading / investing in shares is ;)

You can place a bet at any time during a televised match which makes it exactly like trading on the stock market. If a strong team is quoted at 1.6 to win at kick off, you can back them at those odds. As soon as a goal is scored, those odds will nosedive to something like 1.1 and you can lay them at that price for around a 45% return on your stake.

Or if it looks like it's going wrong and the odds are getting longer contrary to what you anticipated, you can exit early and minimize your losses.
 
If you want to practice trading then why do you need to do it with real money? Just choose what shares you want to buy and pretend you've bought them.
 
dirtydog said:
If you want to practice trading then why do you need to do it with real money? Just choose what shares you want to buy and pretend you've bought them.
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It just doesn't seem real enough... I think you tend to think more when its real money, and you actually put your mind to it. You have to start somewhere :p
 
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