Spreadbetting: Anyone making money ?

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Old Sep 13, 2002, 11:07am   #1
 
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Spreadbetting: Anyone making money ?

Hi,

I'm pretty new to t2w, but having looked around it seems like there are a lot of experienced people here who are prepared to share their knowledge.

Excuse me for being presumptuous, then, but my questions are :

Is anyone out there actually making money spreadbetting ? If so, which markets are you dealing ? And, (I can understand people being reticent about this next one), how much money are u making (ball park figure ?) ?

It's just I've got really excited about trading after having read the blurb from the brokers. But I guess I just want to know if people are making a success at it before risking my hard earned wonga.

Any replies greatly appreciated.
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Old Sep 13, 2002, 9:16pm   #2
Do
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no
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Old Sep 14, 2002, 3:57pm   #3
 
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Hi Ivor,

Came to the conclusion after 700+ trades that you can make money but it's much much harder do with SBs than it is with futures

If you make money with SBs you should make pots of it with futures.

We'll see won't we..............
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Old Sep 14, 2002, 8:56pm   #4
 
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Hi Ivorm

Quote:
Is anyone out there actually making money spreadbetting
Finally - yes. It's taken me nearly 2 years of spreadbetting to finally start making money, and that's mainly due to the fact that I'm trading stocks and not indicies (anyone who's seen me trade the indicies will testify that I'm rubbish at it ).

The main thing is not to put too much into a spreadbetting account, as it takes a long time to get used to trading via spreadbets and it's not worth losing too much money learning.

HTH
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Old Sep 17, 2002, 7:22pm   #5
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Hi Ivor, I would say, start with finspreads. Use 1p per point until you can see a regular pattern build up. Don't get over confident, thats when you make mistakes. It should take you a while to actually learn a trading method that works for you and is better to lose 50p whilst learning than 50 quid..
My Tips are go to www.signalwatch.com and find the free seminar, try out the methods there and if you like them, start to narrow them down to ones which work the best.

You need to look for high volume/volatility as the moving ones are the money ones.

I feel comfortable with the DOW, but others like the NASDAQ. I suppose they are all much of a muchness.

Helen is talking about the futures, which is something I would love to know more about. It seems that a lot of people
start with SB, then move on. Helen if youd like to explain more, I'm all ears.
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Old Sep 17, 2002, 10:09pm   #6
 
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Hi Hogs,

I'm just about to go "live", probably tomorrow. If you want to see my reasoning and why I chose the Eurostoxx as a vehicle have a look at this board. My rationale and comments on the index are there as well as other general stuff relating to it.

www.eurostoxx50.co.uk

You'll need to register but it's free and you won't get spam from it. Sorry it's not on here but fate organised it otherwise


Cheers
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Old Sep 17, 2002, 10:11pm   #7
 
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Me again!

There are now two pages of topics on the board and some of the basic stuff, like why and how is on the earlier page so look back.
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Old Sep 18, 2002, 9:32am   #8
 
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ivorm started this thread Hi Helen,

Good luck 'going live'.

Let us know how you're doing.

Regards,
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