Peace

I have just started trading future contracts. This is similar to spread betting but there are a few benefits. Broker commissions are low, maximum ?5 to buy and ?5 to sell. The spread charge is very low, usually 0.5 of a point, which means ?5 buy/sell combined.

I would not recommend spread betting for three reasons

1. Very high spread means market must move in your favour a large amount to break-even.

2. Spread bets are not dictated by market-forces. If there is a buyer of a bet, there is always a seller (the spread betting company). With futures, a limited amount of contracts are made available, so there must be a willing seller for there to be a buyer.

3. You cannot sell at any time, only at a pre-arranged date.

I do not recommend betting on individual shares, as unexpected news can loose you a lot of money. I would only trade indices. I prefer the FTSE 100 index (UK), although the Dow Jones IA, S&P 500, and NASDAQ (USA) are popular but involve having some currency in dollars, different $ per point, and possibly U.S. taxation! Different markets behave slightly differently, so it is best to specialize in one.

My break-even with futures is ?15, and because you get ?10 per point, this means that the market only needs to move 1.5 points in your direction to break-even.

If you choose to do spread betting/futures my poem about the stock market might help

Go with the flow,
Bend with the trend,
Make the trend your friend.
Et alia ad infinitum.

Best wishes

Mr. Mister

I can't believe that the lawyer showed a greater reaction to losing his Rolex than the damage on his Lexus. He doesn?t have his priorities right.

Peace Damon,

I always enjoy reading your posts, you are a very wise and well-balanced individual. I was also a Sunni although I never took Hadith and Sunnah too seriously, maybe because my parents said that some were fake (although they still followed them!)

I first found submission.org, then Edip's site at 19.org. I then realised that many people at submission.org thought that anything Rashad Khalifa did was infallible. This, of course, leads to the idolization of humans.

Anyway, thanks for the story and may God continue to bless you.

Mr. Mister

Peace All,

I?m a 22 year old living in Surrey in the UK. I?m studying networking part-time and working part-time, although I hope to do a business in the near future.

Life?s treating me as it should.

I wouldn?t say I have a sole interest, but I like a bit of everything.

I like football too. Football is the greatest sport in the world. I don?t support any one team, I just love the sport. The quality of football in the major leagues is getting better. I particularly enjoy the Champions League. This year, it will probably be AC Milan vs. Chelsea in the final. I think AC Milan will win and I hope they win; they have the best squad of players I have ever seen in club football. Kaka?s technical ability is astonishing, but he?s also tactically disciplined in the midfield.

Anyway, I believe there is a power struggle between basketball and football in the world. Basketball teams spend millions developing academies in third-world countries and even if one player is produced from that academy, it becomes worth it for the team. I mean what does basketball do for anyone except an occasional boxing match??? wink

Regards

Mister

P.S. I belong to the ever-growing Edip Yuksel Fan Club