Tins Posted February 5, 2013 Report Share Posted February 5, 2013 I have recently got bored and was recommended an app called plus 500. It's an app to buy stocks and shares. I have never done it before and just been playing around with small money. Any tips or advice from any of you guys? Link to comment Share on other sites More sharing options...
dezgimed Posted February 13, 2013 Report Share Posted February 13, 2013 My advice, scrap that idea. Download the Betfair exchange app if you wanna trade. Just do it with footy markets rather than stocks and shares. Far easier to predict/understand. Link to comment Share on other sites More sharing options...
Nibor Posted February 13, 2013 Report Share Posted February 13, 2013 plus500 is for trading CFDs which are a little different to stocks and shares.What this means is that rather than buying stock you're betting on it's change in value. You don't own the stock, don't get dividends, you're not an investor you're a speculator.This sort of thing is a lot more volatile than buying stock (which is volatile enough). You can lose or make money much faster because you aren't putting down capital to buy stock. Variance relative to the money you risk is much higher.If you're going to mess with it, use the demo account. I wouldn't try it with real money other than the free £20 they give you. Link to comment Share on other sites More sharing options...
dezgimed Posted February 13, 2013 Report Share Posted February 13, 2013 You could also download the eTorro app, which is a platform that allows you to 'copy' the trades of 'gurus' who have x% returns over 1-12 month periods. Bit like Facebook... Link to comment Share on other sites More sharing options...
Tins Posted February 15, 2013 Author Report Share Posted February 15, 2013 plus500 is for trading CFDs which are a little different to stocks and shares. What this means is that rather than buying stock you're betting on it's change in value. You don't own the stock, don't get dividends, you're not an investor you're a speculator. This sort of thing is a lot more volatile than buying stock (which is volatile enough). You can lose or make money much faster because you aren't putting down capital to buy stock. Variance relative to the money you risk is much higher. If you're going to mess with it, use the demo account. I wouldn't try it with real money other than the free £20 they give you. That makes more sense! Cheers! Link to comment Share on other sites More sharing options...
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