Posts Tagged igindex

UBS Trader Kweku Adoboli lost over £100k on Spreadbetting

UBS Trader Kweku Adoboli lost over £100k on Spreadbetting

A few months ago we heard about the 32 year old rogue trader, Kweku Adoboli who lost over £1.4 billion of his employers money trading the markets. The trial has just recently got underway in the UK and more details of his finances have come into the public domain. So, not only did he lose the vast amount of money trading the bank's money, he also lost a fair bit on his personal accounts, spreadbetting the markets. He had an account with the spreadbet broker Igindex and lost £123,000 wit

September 17, 2012 No Comments Full Story

The Future of Spreadbetting

The Future of Spreadbetting

Spreadbetting has been in the UK for over 10 years now. In a nutshell, it is tax-free financial trading, in other words you do not have to pay any tax on your profits. Gambling as a whole in the UK is tax free... this means that spreadbetting is classified the same as the casino. There is also a fine line in trading whether it's gambling or not. I think for the majority of people it could be classified as gambling as they don't actually have a plan and don't really know what they are doing. T

March 25, 2012 1 Comment Full Story

Second Trade of the Day – Break of Support and Reverse on the DOW

Second Trade of the Day - Break of Support and Reverse on the DOW

Today I got into a couple of nice setups, very clean trading day. I like it when this happens, makes it very easy to trade. This was my second trade today, this time on the DOW. If you look at the longer timeframe charts you can see that the DOW is in an uptrend.. this means that I'm looking for long trades.. areas where I can buy cheap! Anyway, I was watching the DOW as below and drew a support line as the market was creeping upwards. Higher highs and higher lows though you can see that

March 19, 2012 No Comments Full Story

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