Help. Looking for some Spread betting advice.

anley

Senior member
2,730 229
sidinuk said:



What an incredibly sensible piece of advice! If you have at least £2000 then start out trading on ES futures. That way the first year or two's inevitable losses will at least be deductible against profits in future years. You'll also have the added advantage of not having to endure the frustration that is spreadbetting. You'll be able to concentrate on the process of trading rather than just trying desperately to stay ahead of the bookies.

But still on this point, what I should have said is don't start to trade a tax-free profit with big money.

Spread bets are and can be a great way to learn about this business if you keep your trades small. Pay say £500 into a SB account, risk 1-3% per trade and then even if you get things horribly wrong it won't hurt your pocket. And if you feel comfortable with what you're doing say after 6 months increase the bet size along with the size of the account.
 

TheBramble

Legendary member
8,394 1,170
Although SB do provide the 'benefit' of allowing those with small trading capital to play the markets, there is an associated down-side in that their spreads are far more expensive than with a broker.

And a £500 capital with a 1% risk isn't even going to cover your spread, let alone a stoploss.
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock