Hi,
Just read "The essentials of indices" by timsk (sticky post), but could not find anything in there that directly relates to my question :cry:
I purchased some UKS, and my understanding is that it moves in the opposite direction of the FTSE100. However, i was looking at historical prices and a matching price on the uks, doesn't seem to directly correlate to a matching index looking at history.
My question: Does the UKS lose value over time? Does that mean that UKS or UKL aren't ideal for longer term (I swing trade mostly, so say 1 week or thereabouts)? Are these more for day trading?
Many thanks.
Just read "The essentials of indices" by timsk (sticky post), but could not find anything in there that directly relates to my question :cry:
I purchased some UKS, and my understanding is that it moves in the opposite direction of the FTSE100. However, i was looking at historical prices and a matching price on the uks, doesn't seem to directly correlate to a matching index looking at history.
My question: Does the UKS lose value over time? Does that mean that UKS or UKL aren't ideal for longer term (I swing trade mostly, so say 1 week or thereabouts)? Are these more for day trading?
Many thanks.
Trading the index - I'm a newbie
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