No6 Posted April 2, 2009 Report Share Posted April 2, 2009 Thanks, I seem to have become more bearish recently - just happy to trade the rallies and make fewer mistakes whilst improving my trading technique. Dr Bubb has mentioned about UK brokers being a rip-off and I agree with this - for now I'm just climbing up the ladder and learning more and more as I go along. Gone from having Halifax funds to Skipton self-selected mutual funds to dealing with funds & then shares with Hargreaves Lansdown in the space of 3 years. Ultimately, I'm sure I'll be using a US or Canadian broker if the charges are lower and I've become a seasoned trader, but I probably feel more comfortable to take the next step using a UK based broker despite the higher charges. I think I need to get to a stage where I know I can trade well enough to start worrying about saving on the dealing charges - to me the most important factor seems to be getting the timing right and the trend right. I have business account with Barclays so it's one of the reasons I thought of going to them next - I like their site and the features it offers like trailing stops. We shall see, I'm with H-L (no stoploss ) until the 'sell in May go away' period - they've cost me a packet with their lack of a stoploss which is like climbing without a rope. Live and learn - rather know how to lose money at 39 and make it back than lose money (pension) when I'm old and not working where I'm unwilling/unable to do much about it. Still, I've always been hedged with a core position in PM's so not lost too much Have you tried spreadbetting where you can trade with relatively small amounts? Link to comment Share on other sites More sharing options...
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