I'm thinking about day trading (spread betting) from home for a living and even though I have read books and know how to read charts I am a bit confused on what to do. Would be very grateful if anyine could give me some advice.
Could anyone recommend what is best to trade?
I had a dabble in the daily Dow in July/August and did alright, only problem was took a couple of big losses and wiped out all profits.
Am I being realistic, is it possible to earn a good living from spread betting? Would need to earn £40,000 - £50,000 pa to compensate for not going out to work.
How much capital would I need?
What company would you recommend to open an account with? At present I have an IG Index account.
Thanks to anyone who can offer any friendly advice. I live in a remote part of Scotland and don't know anyone who has heard of financial spread betting.