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How to buy shares

  • 22-05-2012 12:30pm
    #1
    colman1212
    Registered Users, Registered Users 2 Posts: 1,127 ✭✭✭


    Hi Folks,

    I am currently in oz and have quite a few dollars put away in savings. I want to start buying some shares and have seen some in the the Australian market and the Irish market I would like to buy. Everyone is talking about sharewatch.com. Can I use this from Oz? What would people recommend? I've read the sticky at the top but a lot of the info seems old...


Comments

  • #2
    syntheticjunk
    Closed Accounts Posts: 106 ✭✭syntheticjunk


    If I'm right - sharewatch is just a middleman for fxcm. And fxcm charge 9.99USD per trade, when sharewatch - 14.965 euro per trade......


  • #3
    Warper
    Registered Users, Registered Users 2 Posts: 5,377 ✭✭✭Warper


    syntheticjunk wrote: »
    If I'm right - sharewatch is just a middleman for fxcm. And fxcm charge 9.99USD per trade, when sharewatch - 14.965 euro per trade......

    Ya its fxcm really, shares held on account. Does this mean say if FXCM went bust that you would still keep your shares or what? U dont get a share cert afaik?


  • #4
    Enemy Of Fate
    Registered Users, Registered Users 2 Posts: 681 ✭✭✭Enemy Of Fate


    Actually on that note does anyone know if its possible to go straight with FXCM rather than through Sharewatch? I'm with Sharewatch now but I'd love to be able to reduce my transaction cost from €15 (or .3%, whichever is greater) down to the €7 or so FXCM would charge me.


  • #5
    The Pontiac
    Registered Users, Registered Users 2 Posts: 3,417 ✭✭✭The Pontiac


    I'd urge caution buying shares now. We've had a 'reflex rally' the last few days - but the outlook is frightening to say the least.

    Too much debt in Europe and simply not enough money to bail out all the countries/banks. Conflicting views from government leaders on how to tackle the problem, with the socialists wanting to take control and put an end to austerity. How exactly is that going to work?

    If/when the Spanish banks need a bailout, the market will be taken by surprise by the amount of debt accrued, just like the Irish banking crisis with debts much greater than previously thought. But Spain is the 12th largest economy in the world, and 5th in the EU, whereas Ireland is a minnow, a largely irrelevant country.

    The markets rallied earlier in the year with the news of a new Euro rescue fund package - then a few months down the line, bang. The writing is clearly on the wall.

    Greek elections (exist?), Spanish and Italian banking debts... Portugal, Ireland, Cyprus...

    Did you even see such a mess?

    A volatile summer is on the cards. I'll hold cash and wait for Armageddon.


  • #6
    syntheticjunk
    Closed Accounts Posts: 106 ✭✭syntheticjunk


    Enemy Of Fate wrote: »
    Actually on that note does anyone know if its possible to go straight with FXCM rather than through Sharewatch? I'm with Sharewatch now but I'd love to be able to reduce my transaction cost from €15 (or .3%, whichever is greater) down to the €7 or so FXCM would charge me.

    Of course you can.
    Read their FAQ: http://www.fxcmstocktrading.com/faq.jsp


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