Posts Tagged city index

Aspiring Traders – Chance to Win £100,000!

Aspiring Traders - Chance to Win £100,000!

I received an email earlier today from City Index to notify me of a competition which they are holding to learn to trade and earn a chance to win £100,000! It is an online training and trading thing where the most successful person they take on wins the cash! The other thing is that the competition will be filmed and broadcast online... looks like fun! However, it does require a committment of 6 weeks from October1st so if you're not up to anything.. you  may as well enter! The link to the

September 19, 2012 No Comments Full Story

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

Self Employed Trader who Exploited the Spreadbetting Firms

Self Employed Trader who Exploited the Spreadbetting Firms

I saw this in the papers today how a self employed trader named Barnett Michael Alexander was able to exploit a 'loophole' in the spreadbetting firm City Index making over £600k! However, his method was deemed illegal and he was fined £1 million by the FSA It's a really interesting read and there's a fascinating strategy that made him a lot of money which he says is still not closed. However, I wouldn't recommended doing it unless you want to be fined! http://www.telegraph.co.uk/fi

June 15, 2011 No Comments Full Story