This simple guide provides sound advice on how to buy and sell players on Football Index for a profit. Buy low, sell high is the key to success.
Traders ‘buy’ shares in players, in the hope that they increase in price (Capital Appreciation) and/or win Dividends in the future. From the date of purchase, each share lasts 36 months, this is known as the ‘Share Period’.
Capital Appreciation basically means you think a players price is low and that other traders will be jumping on further down the line. Maybe your team plays a teenager and you think he’s class or you read an article saying this player could be the next Messi. You buy the player at £1.00 and sell at £2.00.
Each share purchased qualifies for Media Dividends, Match Day Dividends and In-Play Dividends. At present, only the top 5 European leagues, 2 European club competitions and the World Cup are valid.
We go more in-depth here but an overview is shown below:
- To win Media Day Dividends, your player has to top the Media Rankings.
- To win Match Day Dividends, your player must finish top of the Match Day Rankings.
- For the first 30 days that you own a Share, you can win In-Play Dividends.
Conduct research prior to buying.
Before buying, you would obviously need to research the player and see if he fits the rules of Football Index. The best players are not necessarily the best buy; consider age, position, media attention, which league they currently ply their trade in and any transfer rumours. This is where your football knowledge and knowing and understanding the rules come in handy!
Unlike gambling, you don’t lose all your money if your player’s value decreases, however, the current buying price can rise and fall on a daily basis, sometimes dramatically. There are numerous reasons why this happens but most are due to transfer news, mass panic on FI or a bad injury.
Buying and selling players: let’s use Joao Felix as an example.
You decide to purchase 1 share in him, this would cost you £3.54. If you bought 10 shares it would cost you £35.40 and if you bought 100 shares it would cost you £354.00.
This is the screen you are presented with when clicking on the blue ‘Buy’ button shown above.
You can only buy a maximum of 100 shares in one transaction, however, you can can do as many transactions as you want.
Once purchased, the shares are automatically added to your portfolio screen.
Let’s take a time-machine and pretend we bought 100 shares in Joao Felix 12 months ago. The average price around that time was £0.56p a share, so, 100 x £0.56p = £56.00 total investment.
Let us return to the present day and those 100 shares bought 12 months ago for £56.00 are now worth £354.00. A nice profit of £298.00, minus the 2% commission charged when selling.
How to sell Joao Felix on Football Index
There are two options when it comes to selling, Instant Sell or Join Sell Queue. Always use the Sell To Queue option where possible otherwise you are going to lose money and depending on the spread it could be a significant amount!
The Instant Sell price below is shown as £3.45. If you decide to Instant sell your 100 shares you would have lost £9.00 (not including Football Index’s 2% commission).
The difference between the current Buy price and the Instant Selling price is known as the spread. The higher the buying price the bigger the spread!
Join Sell Queue
The Sell Queue below is shown as £3.55. If you decide to Instant sell your 100 shares you would be in profit at £1.00 (not including Football Index’s 2% commission).
There are times that you should Instant Sell, like, if the spread is small, major injury, mass selling and transfer news but each decision should be taken on its own merits.