adrianallen99
Established member
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As long as you make more money than you lose you will profit 🙂
adrianallen99
Established member
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I think it depends a lot on how you trade with spreadbetting. It is very hard to day trade stocks unless you are very lucky or very good.
If you take a slightly longer term view then decent money can be made.
If you do what most people do and see spreadbetting as a way to make a lot of money very quickly, then you will probably lose. It is a valuable tax free trading tool, that if used with care can be profitable.
Just my view, not necessarily right. 😀
If you take a slightly longer term view then decent money can be made.
If you do what most people do and see spreadbetting as a way to make a lot of money very quickly, then you will probably lose. It is a valuable tax free trading tool, that if used with care can be profitable.
Just my view, not necessarily right. 😀
donaldduke
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Micky,
You can make money but it is very hard.
You need many months or even years of experience
(months if you can find a good teacher, years if you cant)
However you also need a passion for trading you have to love
doing it otherwise you wont be able get over the months and
months of losing money that nearly every trader goes through.
If you dont have that passion and love for the game you will
just end up quitting after losing X thousands.
You can make money but it is very hard.
You need many months or even years of experience
(months if you can find a good teacher, years if you cant)
However you also need a passion for trading you have to love
doing it otherwise you wont be able get over the months and
months of losing money that nearly every trader goes through.
If you dont have that passion and love for the game you will
just end up quitting after losing X thousands.
Last edited:
dc2000
Veteren member
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It really depends on how you want to trade if you are looking to trade intraday and scalp 10 points or so per trade then direct market is better. If you intend to take a position over a few days and look for larger moves then the spread is less likely to be a problem.
I have found the latter technique to be profitable with SBs but I can not stress the following enough
I appologise if you have heard the following.
Its important to have a trading strategy and stick to it, nobody says you have to trade every day, learn how the market you intend to trade moves, learn support and resistance levels.
I have found the latter technique to be profitable with SBs but I can not stress the following enough
I appologise if you have heard the following.
Its important to have a trading strategy and stick to it, nobody says you have to trade every day, learn how the market you intend to trade moves, learn support and resistance levels.
A
aussietrader
Hi Micky,
I think the advice is spot on because day trading through financial bookmakers is a very tough job. The spread makes profiting pretty tough if you want to keep risk controls in check.
By taking a longer term view, the spread becomes largely irrelevent. Having a 12 pip currency spread when you are hoping to make several hundred pips shouldn't lose you too much sleep.
Trading like this can give you a profitable hobby or a means of making money whilst you do some other important things.
All the best
AT
I think the advice is spot on because day trading through financial bookmakers is a very tough job. The spread makes profiting pretty tough if you want to keep risk controls in check.
By taking a longer term view, the spread becomes largely irrelevent. Having a 12 pip currency spread when you are hoping to make several hundred pips shouldn't lose you too much sleep.
Trading like this can give you a profitable hobby or a means of making money whilst you do some other important things.
All the best
AT
"I appologise if you have heard the following.
Its important to have a trading strategy and stick to it, nobody says you have to trade every day, learn how the market you intend to trade moves, learn support and resistance levels".
spot on DC2000........
Its important to have a trading strategy and stick to it, nobody says you have to trade every day, learn how the market you intend to trade moves, learn support and resistance levels".
spot on DC2000........
A
aussietrader
rglenn,
I have been having a good run daytrading the 4pip daily spread from Fins - until they stopped the internet trade. Some good mini trends - worth a look if you know some basic t/a and can afford the loss (who can !!!)
Cheers
AT
I have been having a good run daytrading the 4pip daily spread from Fins - until they stopped the internet trade. Some good mini trends - worth a look if you know some basic t/a and can afford the loss (who can !!!)
Cheers
AT
A
aussietrader
hardly enought o break the fins bank but for a couple of weeks I managed to grab some good gains - small points but larger bets for me.
Still nice of fins to fund some shoes, a dress (for mrs trader) and a few lagers for me next month in lovely Europe.
Now if only the dow would crash, USD crash and silver have a massive rally I could host my own T2W party at the ritz!!
- Mrs Trader wants afternoon tea at the ritz - 68 quid - flippin heck - small change for you blokes but that's a mortgage payment downunder 😉
Still nice of fins to fund some shoes, a dress (for mrs trader) and a few lagers for me next month in lovely Europe.
Now if only the dow would crash, USD crash and silver have a massive rally I could host my own T2W party at the ritz!!
- Mrs Trader wants afternoon tea at the ritz - 68 quid - flippin heck - small change for you blokes but that's a mortgage payment downunder 😉
For 2 years I struggled trading the DOW, then managed 50% profit last year from US stocks this year though I have managed 100% already, why? because I now go for the big moves in Forex. I still lose more often than I win but when I do win the risk/reward is greater than 1/4
