After my rant about spread betting with CMC yesterday I’ve decided to move more funds to IG index and give them more of a go. I can see why IG Index are the market leaders when it comes to spread betting. They have the widest range of instruments out of all the spread betting companies, not necessarily the tightest spreads but certainly competitive and they offer plenty of extra features like advanced charts etc.
I actually have my bookers position open with IG. I also have another position which I opened with them the other day. The position is in BSkyB. It was a buy based on a strategy that Vince Stanzione suggests in his Making Money Form Financial Spread Trading package. I can’t reveal the strategy itself by I can say it’s a very simple strategy based on simple parameters with clearly defined entry and exit points. In case you were wondering I’m still working on my review of his trading system. I’m not sure when It will be added to the site but I will get it added eventually. As always when I do you will be the first to know.
Coming back to IG Index, I noticed Spread betting trader is no longer blogging. I can empathise with everything you say and your blog posts will be missed. Spread betting trader mentioned that he has come to hate the IG Index (PureDeal) platform as it doesn’t show a running profit/loss total. It only displays the P/L for the day. I completely understand his point on this and I see no reason that they could not show this somewhere. For me it’s not that much of an issue as I log all my trades, regardless of which spread betting firm I use, in an excel spread sheet. It’s pretty basic but It works for me. I actually keep meaning to add it to the site as a free download but I never seem to get round to it. Don’t worry it’s on my list of things to do and I’m sure I’ll get them all done eventually. Maybe one day when I’m spread betting for a living I’ll have all the time in the world to finish these things off. At the minute it seems like a far off dream. I’m sure I’ll get there some day.
Oh and don’t forget spread betting trader you can add a review of IG Index on my spread betting reviews page. You never know if you add a review mentioning your thoughts they might just take note and add it to their platform.
Oh and I forgot to say there have been no new trades today. With the markets unsure what they are doing, so am I. I’m really waiting for the right opportunity to come along, which is what I have been doing anyway. It’s just at the moment none seem to be coming along that fit with my strategy. Oh well I’m sure one will come along soon.
Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner
