Then please tell me how these bookies, especially the newer/smaller ones, make up their losses due to the unhedged portion of their exposure which is due to the real market not being made up of British pounds per point??!!! :lol: It's nonsense to think our financial bookies just route our order...
Not true with spreadbet brokers, but true with all other normal brokers.
Spreadbet brokers are bookmakers remember like William Hill and Ladbrokes. They have some hedged and some unhedged exposure against client positions. When they're losing on the unhedged exposure, how do you think they make...
First off you need to win substantial money either as a few one-offs or steadily as an income before this becomes an issue.
If you do make a living from spreadbetting then you prob have to pay tax if it is your only income or an income they can prove you "partially" needed to live off of even...
Invicta3000: I see you've just joined and that was your first post - just to tell us you're closing your account after one slip up with a connectivity problem which was down to BT not SLM???!
You're gonna throw in the towel on SLM after that one small thing and go with whom exactly? Steal4Free...
Lol!!! It's brilliant!! The English is a little hazy but I get the point, I think it basically means "don't trust a cowboy outfit like us with real money" lmao!!!!!
Magicdogsbrain said it all pretty much.
Longevity is key. People who spreadbet usually have a vision that one day they'll grow their account to a size where they'll trade the real underlying Market with a true broker, like FX spot or futures. All your markets are great but in the real world of...
Wow.
All I can think is if an account was growing to a point you started trading the Dow at high stakes there must be a problem at some point. I can see how a bookie broker would be able to offer a loss making spread up to a point but after it gets too big there has to be a way they stop...
Ross, joking aside, does that actually work?
I mean, 1 point Dow is a loss-maker for brokers/bookies, so how can this work long term? Surely they (the 1pt Dow brokers) have to be screwing around somehow?
Edit: 100 posts, lol I'm a senior member now it seems
It's because traditionally SB companies have been cowboys who use bad data/spreads to win. This meant they like to do this on their terms, ie: their own custom easy-to-manipulate platforms. Things are changing in the industry, thankfully. I also think introducing MT4 into SB was difficult for a...
It'll be worth it, for me anyway, coz whatever it does sh*t out I'm going to attach to MT4 and run it 24/7. I'll call it the "FXSh*tBot" - 98.7% accuracy***. You can't beat it. Somebody out there will buy it for $300.
*** Disclaimer: All results quoted are hypothetical, back-tested results.