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The Spread Betting Comparison Chart gives insight into the various providers according to the value added services they bring their clients.
Be it market updates, iPhone App's, customers support, technical tools - they judge the providers according to the effort they have put into their offerings. |
| Spread betting success: Dedicating time |
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| Written by The Virgin Spreader | |
| Monday, 28 June 2010 13:50 | |
If you don't have the time to concentrate on placing your trades then you are doomed.
By not dedicating a good amount of time to your trading you are not likely to succeed in spread betting. This is a simple lesson learnt through experience. Jumping into the markets without paying attention to your thought out strategy is simply taking a punt. You are probably jumping in because you think you have seen a golden opportunity, or more likely, you have convinced yourself you have seen such an opportunity. Sometimes I tell myself by sitting out of the market I am losing out on money making opportunities. It is no good spending your time at the office desk all morning and putting down a spread bet on the FTSE 100 in your tea break without having done a fair amount of research, reading and thinking. This is a sure fire way to eventually cleaning out our account. To give yourself a fighting chance you need to do the required reading, you need to find the trends, you need to study the markets and you need to make notes on your winning and losing trades. Youneed time on your hands to read up on all the various technical analysts you follow and take into account what they are saying. You don't need to be a technical guru to be successful at spread betting, but you should choose a couple of sources who have done all the technical leg work. You need to check your charts, and I know you need to have time on your hands to do this especially, if like myself, you are not a pro. So if you are going to spread bet dedicate a decent portion of your day to doing it properly. |
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| Last Updated on Tuesday, 20 July 2010 10:12 |
Spread Betting Lessons - Cut out the emotion!
Oh, and also a lesson why the Stop Loss is your Friend !
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Spread betting at a glance
- Spread betting is a financial product that allows retail and professional investors access to the widest possible number and types of exchange traded instruments.
- The spread betting company that you trade through is the market maker, the trader does not actually take ownership of any underlying product. Hence, most jurisdictions do not charge stamp duty on any gains.
- The notion that you don't actually own the product ensures spread betting platforms are able to almost instantaneously execute orders on behalf of their client.
- Spread betting is a leverage product, your money is able to realise you impressive gains as your earnings come in multiples of the actual change in the underlying product that you are trading.
- This is of course where spread betting can also go spectacularly wrong. Losses can be huge, therefore we advise those that are spread betting, or are looking to go into spread betting, to enter each trade with a well thought out strategy. This also means setting a pre-determined stop loss so that losses are cut at a manageable level.
- This website is here to offer more insight into this fascinating trading instrument.