So in simple terms, when looking to buy shares, what is the best method to know how much i will actually be buying them for?
Also, where can I get up to date prices on shares in real time
Without a firm quote from your broker, say, Freetrade, the truth is you wonāt
However, one unscientific method is to look for a live market price somewhere. Say, the Trading 212 App or HL.
Howver, the āliveā market price will only show the the actual, real world spread.
This is useful to know but wonāt account for any RSP price improvement youāre likely to achieve.
Hence the FinKi-LSE-Share_price-Magic-Predictor-Thingy ā¦
https://finki.io/finkiPrice.php?ticker=IHP
Change the ticker to another LSE ticker andā¦ hey presto! (usually, there are a LOT of bugs currently)ā¦ but youāll get a better ideaā¦ keep refreshing the page to see the price moveā¦
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That link that you have given, it is not working for some reason
Also depends what youāre trading
If, say, your trading Vodafoneā¦ itās highly liquid, highly covered by market markers etcā¦ hence, the spread is virtually nothingā¦ so the difference between bid and ask will worry you less
If youāre trading A N Other stock do some research beforehand to guard against disapointment.
If, say, you were trading a stock that sits on the LSE SETSqx segment you can run into oddities between brokers as to how they execute stocks that have intra-day auctionsā¦ like, say, GGP
Itās really about just understand the quirks.
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Itās rate limited and on a demo server. ie. it will fall over
The point isā¦ change the ticker to stocks you;re interested in before trading and get a sense of the market spread
When you say
āYou have to be aware of the Bid/Ask difference. The market was not ātrading at 124.2ā. It was trading at 124.3 to sell and 133.9 to buyā
So the price on for example webull or Google, does that not show the buying price
Can not say with 100% certainty but Google, for example, only quotes you ONE price
No asset has ONE price
It has TWO
One to buy, one to sell. The difference is the āspreadā
The āspreadā is the cut the market makers are taking for the risk they are taking of providing 2-way liquidity intraday.
So, strictly speaking, no, Google is not showing the buying price.
It usually shows you ālast priceā which is no idications its a ābuyā or a āsellā
I assume this led to your issue with SDRY earlier.
Google fince right now for SDRY showsā¦
Superdry PLC
LON: SDRY
127.20 GBX ā2.40 (1.85%)
Yet the actual spread is 127-131
Because the last trade though the LSE on a 15minute delay was
a āSALEā @ 127.2
So confirmed. Google is showing ālast tradeā - which is confusing to newbies, I understand
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I think it would be good if Freetrade showed an indication of the spread, itās one area where having a simplified interface is causing confusion. Also you might choose not to buy less liquid shares if you knew how wide the spread was
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The price of the in app screen shot looks like the price pre their reverse split maneuver. Just checked in my app and its showing $14.18 correctly for me. Have you been keeping the app updated?
The current price showed correctly for me but the history doesnāt. Yep, App is up to date, the only thing iām currently in the middle of is testing the fractional shares. (unless its some how due to that?)
Might be a coding issue with the reverse stock split then - the shares were down to less then .50p before the reverse split took them to Ā£14 odd.
āHoping people arenāt relying on any of the data in the app to make trading decisionsā¦ā What would you suggest people use to make a decision if not the data on the platform theyāre investing in?