Spread Betting: Make Riches Quick Or Fast Lane to the Poor House?
The real reason why many people start spread betting is that they see in it as an easy way to make riches fast. Most see the potential of spread trading to make them lots of money while sitting in front of a computer sipping tea or coffee. This is because financial spread betting is a margin-traded instrument - in other words the gearing or leverage that spread trading allows enables you to control bigger positions than your actual available balance. So yes, financial spread betting has the potential to make you lots of money and it is perfectly feasible to double or triple your account balance; a select few have even became millionaires spread betting!
About The Author
Most investors spread bet thinking they will make quick riches trading and become millionaires spreadbetting. Sadly, many of them are doomed to failure. We publish a comprehensive guide to financial spread betting - how to do it, have fun and hopefully make money.
Latest Site News
It is true, spread betting allows you to make riches quick if you can get the market direction right; of course the opposite is also a sad reality and spreadtrading can be a quick lane to the poor house if not handled sensibly. For this reason it is important to appreciate that spread betting is not for the faint-hearted and can be high risk especially in the hands of a 'gambler'. The leverage inherently makes trading more risky and this is why many spread betting companies provide users with risk management tools like stop loss orders to use while trading. A stop loss order functions by limiting losses should the market move against your position, and in so doing lowers the potential risk of spread trading. This is especially important given that your account balance could be seriously periled by one bad spread trade.
What Spread Betting Winners Do
So don't be like 80% of the herd of day traders who are mostly looking to make money, fast, with no real knowledge and no risk. As in everything in life, there is no free lunch in trading. My belief is that there is no easy road to riches via the stock markets. For the majority, it is all hard work and a full time job.
If you behave like the 80% of traders, you will end up making no money and abandon your millionaire dream much soon than you originally planned (wipe-out!). Only 20% or so of spread traders are successful in the long run. What do these traders have in common which makes them successful? They have a trading plan and system with clear entry/exit targets and are willing to cut losses early. Winners consider each and every trade carefully and learn from their mistakes.
And lastly don't be greedy. Don't expect it to be easy or consistent - if it was easy, everyone would be rich.
Article Tags:
Info Page | Spread Betting |
Related To This
Comments
Latest Comments on STOCKTRKR
Latest Related News on Google
Loading news posts...
Register as a Member
Become A Member and view our FREE Trading E-Book Collection!
To register for your free members account you will need a valid e-mail address. If you wish to access our members pages you can register for an account here.
Members of our website get access to even more...
- Forex Tools and calendars
- Add Chart Pages to your favourites for easy access.
- Post in our forums and make comments on shares
- Free Trading E-Book collection!
- NEW: Access to Our Own Trading Log
- Latest Offers from brokers and spread betters
Free World Market Data & Resources
Live Charts |
Choose from our list of live chart categories below or use the quick links at the top of the page. All chart pages refresh after 3 minutes unless you are logged in. | |
Historical Data |
Historical data and charts for many currencies, indices and us and uk shares. | |
Contracts For Difference |
Dont discount CFDs as a trading method, there are many reasons why CFDs are consistently the top mechanism for trading on the markets. Find out more about contracts for difference and sign up for a CFD account | |
Financial Spread Betting |
Spread betting is a hugely profitable way of betting on the movement of financial markets using leveraged trading methods. You profit and lose by betting on the movement of a particular instrument and can trade with much less margin than conventional share purchases. | |
Elliott Wave Principle |
The Elliott Wave Principle is one of your best tools for forecasting the markets. A technical analysis technique to help time your trades, learn how to use the elliott wave principle to your advantage with market reports and tutorials | |
Trading |
There are various different instruments and techniques used to trade the Stock Market. Find articles on spread betting, contracts for difference, elliott wave and general trading in this section | |
Discussions |
Our members not only have access to great extra content but can post comments on shares listed on our website and access our trading forums! | |
Major Pairs Live Charts |
Majors are the most liquid and widely traded currency pairs in the world. Trades involving majors make up about 90% of total Forex trading. The Majors are: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/AUD and USD/CAD |
Latest Tweets
Add your own tweets to this feed, click here.
- Forex Update: Today's Market Outlook: Maintains near-term positive tone off last Friday’s l... http://t.co/rvx03nYd http://t.co/QNbqDvle — 26 min 52 sec ago
- Business Update: Energy bill to boost clean power: The government's draft energy bill due o... http://t.co/Tx4bYcOR http://t.co/QNbqDvle — 53 min 28 sec ago
- #Gold down $15. 10-minute RSI at 18.44. Completely oversold. Potential support at 1574. — 58 min 58 sec ago
- #Bellzone #Mining given go ahead for Iron Ore extraction in #Guinea. Currently up #26%. UK Mining companies edging higher. #FTSE. — 1 hour 9 min ago
- 5 common mistakes that can wipe out 5 months of trading in 5 sessions http://t.co/baW4nxzp #eToro — 1 hour 13 min ago
- 1 of 11202
- ››
You must be a member to post comments, sign up for a free account here. If you are already a registered you can Login Here