Is it worth persevering with this?

JSM

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I have a little experience of spread betting but don't really know what I'm doing. I'd like to know whether it's really possible to make money like this or is it just a bunch of people selling expensive training courses? Thanks in advance for any replies.
 
I have a little experience of spread betting but don't really know what I'm doing. I'd like to know whether it's really possible to make money like this or is it just a bunch of people selling expensive training courses? Thanks in advance for any replies.

Yes it is possible, however I don't believe anyone selling training or get rich quick systems really has one - because if it really worked why do you need to sell it - just trade it yourself and get rich. I wouldn't sell my system(s) to anyone - partly because it's hard to put it down on paper - it's not a fully automatic system and partly because I don't have the time or inclination. It's taken a lot of setbacks and frustration to get where I am.

I learned the hard and slow way. Had a lot of setbacks, but have finally settled on a couple of systems which do seem to work (so far !).

If you don't know what you are doing then I suggest to try a demo spreadbetting account, and play with virtual money to your hearts content. Read T2W - you'll get lots of ideas from here. I can think of no better way of learning how to spreadbet. Don't waste money on systems & Don't jump in with real money too early - you need a min of 3 months profitability before you make the move, in three months you should get a reasonable amount of market conditions to trade in.
 
Thanks very much for your eminently sensible advice - I shall take it and do some more research first
 
I have a little experience of spread betting but don't really know what I'm doing. I'd like to know whether it's really possible to make money like this or is it just a bunch of people selling expensive training courses?

I agree with Hoggums - just keep at it and design a strategy of your own, that you're comfortable with and know inside out. I decided to finnish my 'long work in progress' strategy this week and I've got to hand it to the members on these boards, with their help I have finally cobbled together a ver y noteworth, reliable trading strategy. I could not have done it so quickly by just reading the numerous trading books available. I tend to put aside an hour a day (at the moment) to trawl through these threads and come away with something worthwhile. Yesterday, for example, I found the final piece of the jigsaw for my 'Holy Grail'..... And yes, you can make money from it, just treat it as any other 'business'
 
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