Archive for March, 2009

Hi all,

I was looking for a quote to buy some shares in Tesco and I was amazed to see the difference between IG Index and Paddypower. The spread for March at IG Index is 1.6 with Paddypower it is just 0.7! so you pay more than double with IG Index.

This is a real difference and it may sound pennies if you just put 1 pound but if you bet £100 per point you already give £90 more!

Always shop around to see who is offering the most competitive spread.

Hello all,

what a day… there is no other words than ‘sale’. The FTSE 100 has lost 5.3% in just one day. So when everyone are selling for me it is time to buy. Together with a friend of mine we bought the FTSE 4000 APR Call for just 57 points. We don’t risk a lot and when (it is not even if) the market will rally it will wroth more.

Remember there are still 7 weeks to go and unless we are going to see the FTSE 100 at 3000 this week I am sure buyers will back to the market. After all there are some good shares out there that are priced very cheap.

I will keep you updated about this Call option.

The reader Barry has contacted me and asked me to write about his application he wrote for iPhone to browse to your spread betting account from your iPhone.

http://barry.1free.ws/iSpreadBet.htm

From the screen shots it looks great. I don’t have iPhone myself so I can’t really test it, but according to the website it supports all these platforms:

• Capital Spreads
• Paddy Power Trader
• E*Trade Financial
• World Spreads Ireland
• World Spreads
• WebTrade India
• SpreadTrader DK
• Just Spreads
• Financial Spreads
• Tradefair Spreads
• t1pspreadbetting
• Global Financial Index

which is quite impressive. One thing is missing in the website is the price… but for people on the move who likes to know what is going on with their positions or open new ones this is great news.