Post Reply
5541-5560 of 23260
My bad, it is a buy-up! Ok really got to run. Ciaos.
BullishTempo ( Date: 25-Oct-2010 17:07) Posted:
286,000 sell-down to 2.74. Small volume.
Ok got to run to raffles place. Have a nice evening with family !!
|
|
i got this from saxo website....
Holders of long CFD positions will, when dividends are paid on the underlying share, qualify for a proportional payout. Holders of short CFD positions will have to pay an amount equal to the full (gross) dividend paid on the underlying share.
is this the same with IG Market and MF Global?
BullishTempo ( Date: 25-Oct-2010 16:56) Posted:
I just called up Saxo. They say financing interest rate is sibor + 3% and commission is 0.22%. But I asked them whether do they give any discounts for volume traders, and they say they do! Institutional rates : sibor + 1%, commission : 0.15% WOOHOO !!!! 
eastcivic ( Date: 25-Oct-2010 16:45) Posted:
|
hmmm ok..... IG Market sounds cheaper since the finance interest rate is only 2.5%
i shall find out more about MF Global and IG Market..... thanks! |
|
|
|
Shucks... queued but did not get. 2.24.
286,000 sell-down to 2.74. Small volume.
Ok got to run to raffles place. Have a nice evening with family !!
I just called up Saxo. They say financing interest rate is sibor + 3% and commission is 0.22%. But I asked them whether do they give any discounts for volume traders, and they say they do!
Institutional rates : sibor + 1%, commission : 0.15% WOOHOO !!!!
eastcivic ( Date: 25-Oct-2010 16:45) Posted:
|
hmmm ok..... IG Market sounds cheaper since the finance interest rate is only 2.5%
i shall find out more about MF Global and IG Market..... thanks!
BullishTempo ( Date: 25-Oct-2010 16:37) Posted:
MF Global financing interest rate higher, sibor + 3%. Ig market is only sibor + 2.5% But MF Global give me 0.18% commission, Ig market is 0.20% commission. |
|
|
|
If blaze87 is 23, then pharoah88 is 22 !!!
CBClow ( Date: 25-Oct-2010 16:42) Posted:
| hey blaze87...are u age 23? |
|
hmmm ok..... IG Market sounds cheaper since the finance interest rate is only 2.5%
i shall find out more about MF Global and IG Market..... thanks!
BullishTempo ( Date: 25-Oct-2010 16:37) Posted:
MF Global financing interest rate higher, sibor + 3%. Ig market is only sibor + 2.5% But MF Global give me 0.18% commission, Ig market is 0.20% commission.
eastcivic ( Date: 25-Oct-2010 16:35) Posted:
|
hmmm ok.... i think you are correct.....
makes me want to open an account with MF Global..... because with city index, although commission is low, but in terms of pricing, i think i lose out more..... :( |
|
|
|
hey blaze87...are u age 23?
Spot on !! 
bladez87 ( Date: 25-Oct-2010 16:36) Posted:
| 1 very important thing about market makers is they dont always influence the market! you can buy 2000 lots of a stock and it will not reflect on the market, so you cant push the price up just cause you buying! |
|
MF Global financing interest rate higher, sibor + 3%. Ig market is only sibor + 2.5%
But MF Global give me 0.18% commission, Ig market is 0.20% commission.
eastcivic ( Date: 25-Oct-2010 16:35) Posted:
|
hmmm ok.... i think you are correct.....
makes me want to open an account with MF Global..... because with city index, although commission is low, but in terms of pricing, i think i lose out more..... :(
BullishTempo ( Date: 25-Oct-2010 16:30) Posted:
Thats why I don't like market makers, they play around with the prices too much. DMA brokers means the prices will follow exactly the underlying stock prices. I think I will just go down to Raffles Place and open account with IG markets. |
|
|
|
1 very important thing about market makers is they dont always influence the market! you can buy 2000 lots of a stock and it will not reflect on the market, so you cant push the price up just cause you buying!
To do position hedging. IG is also 0.20% commission, interest rate is sibor +2.5%
Saxo is market maker?
bladez87 ( Date: 25-Oct-2010 16:33) Posted:
| wow! why you open with 2 brokers? IG lower interest rate. saxo .20% commission. |
|
hmmm ok.... i think you are correct.....
makes me want to open an account with MF Global..... because with city index, although commission is low, but in terms of pricing, i think i lose out more..... :(
BullishTempo ( Date: 25-Oct-2010 16:30) Posted:
Thats why I don't like market makers, they play around with the prices too much. DMA brokers means the prices will follow exactly the underlying stock prices. I think I will just go down to Raffles Place and open account with IG markets.
eastcivic ( Date: 25-Oct-2010 16:24) Posted:
|
hmmmm what are the cons of trading with market makers? sorry, i am new..... so trying to find out more, i am not questioning your decision.....
is it that market makers prices are different from MF Global and IG Markets? because for City Index, the buy price is for genting is 1 cent higher and the sell price is 1 cent lower than actual share price. for MF Global and IG Markets, you buy and sell at the same price as the actual share? |
|
|
|
wow! why you open with 2 brokers? IG lower interest rate. saxo .20% commission.
Thats why I don't like market makers, they play around with the prices too much.
DMA brokers means the prices will follow exactly the underlying stock prices. I think I will just go down to Raffles Place and open account with IG markets.
eastcivic ( Date: 25-Oct-2010 16:24) Posted:
|
hmmmm what are the cons of trading with market makers? sorry, i am new..... so trying to find out more, i am not questioning your decision.....
is it that market makers prices are different from MF Global and IG Markets? because for City Index, the buy price is for genting is 1 cent higher and the sell price is 1 cent lower than actual share price. for MF Global and IG Markets, you buy and sell at the same price as the actual share?
BullishTempo ( Date: 25-Oct-2010 16:18) Posted:
Thanks for the recommendation bro! Yeah I did check out City Index, very low commission, only $10 per trade regardless of size. Sounds very attractive, but the catch? They are market makers. You are trading with the house ie. City Index, and not trading with the real underlying market. I really don't like that idea. MF Global and Ig Markets have direct market access and so they are not market makers. But commission is the pain, 0.18% for MF Global, 0.2% for Ig Markets. Nevermind, that is the cost of doing business as a trader. |
|
|
|
hmmmm what are the cons of trading with market makers? sorry, i am new..... so trying to find out more, i am not questioning your decision.....
is it that market makers prices are different from MF Global and IG Markets? because for City Index, the buy price is for genting is 1 cent higher and the sell price is 1 cent lower than actual share price. for MF Global and IG Markets, you buy and sell at the same price as the actual share?
BullishTempo ( Date: 25-Oct-2010 16:18) Posted:
Thanks for the recommendation bro! Yeah I did check out City Index, very low commission, only $10 per trade regardless of size. Sounds very attractive, but the catch? They are market makers. You are trading with the house ie. City Index, and not trading with the real underlying market. I really don't like that idea. MF Global and Ig Markets have direct market access and so they are not market makers. But commission is the pain, 0.18% for MF Global, 0.2% for Ig Markets. Nevermind, that is the cost of doing business as a trader.
eastcivic ( Date: 25-Oct-2010 16:09) Posted:
|
hmmmm I don't do hedging, but i have a suggestion.....
check out city index and cmc....
city index is because it has the lowest commission(i think); $10 flat rate regardless of trade size.
cmc because they don't have finance charges on short positions. |
|
|
|
My CFD account is my margin account. One and the same.
icetomato ( Date: 25-Oct-2010 16:19) Posted:
Got Margin account ma... you can use margin account to buy Long... then use CFD to short...
BullishTempo ( Date: 25-Oct-2010 16:12) Posted:
What do u mean 1 margin 1 CFD. Catch no ball ?  |
|
|
|
Got Margin account ma... you can use margin account to buy Long... then use CFD to short...
BullishTempo ( Date: 25-Oct-2010 16:12) Posted:
What do u mean 1 margin 1 CFD. Catch no ball ?
icetomato ( Date: 25-Oct-2010 16:10) Posted:
| Cannot use 1 margin 1 CFD? |
|
|
|
My 2 cts worth....like you said earlier...this is what intraday all abt....hehe
BullishTempo ( Date: 25-Oct-2010 16:11) Posted:
Depends on your trading plan. Ok got to go research on IG markets. Anyone here has a account with them? Good service and features?
Tropical ( Date: 25-Oct-2010 16:06) Posted:
| Hi BT....Is 2.24 a good entry?
|
|
|
|
Thanks for the recommendation bro!
Yeah I did check out City Index, very low commission, only $10 per trade regardless of size. Sounds very attractive, but the catch? They are market makers. You are trading with the house ie. City Index, and not trading with the real underlying market. I really don't like that idea.
MF Global and Ig Markets have direct market access and so they are not market makers. But commission is the pain, 0.18% for MF Global, 0.2% for Ig Markets. Nevermind, that is the cost of doing business as a trader.
eastcivic ( Date: 25-Oct-2010 16:09) Posted:
|
hmmmm I don't do hedging, but i have a suggestion.....
check out city index and cmc....
city index is because it has the lowest commission(i think); $10 flat rate regardless of trade size.
cmc because they don't have finance charges on short positions.
BullishTempo ( Date: 25-Oct-2010 16:05) Posted:
Ok good idea will keep that in mind. Any of you guys do hedging against your own positions? My MF Global broker does not allow me to open 2 accounts. I need one account to long, and another account to short. Looks like no choice, tonight have to go down to IG markets to open another CFD account. Ok STI found support at 3187 points. |
|
|
|
