How much do you need?

[SalesFreelance]

Everyone has to start some place, correct and I see posted in this forum that 300/ 500 usd is too small to get into this game. Is SB a rich man's game. Are us, small guys cut out, because of our capital.
I have one thousand euro to spend in SB, am I wasting my time, should I put the 1000 on a horse in the 3,30 race.
How much dose a person need to trade successfully in SB, giving the normal ups and downs.
Please do not say if I am winning from day one 1000 is ok, I am talking on average.

 

[gle101]

Everyone has to start some place, correct and I see posted in this forum that 300/ 500 usd is too small to get into this game. Is SB a rich man's game. Are us, small guys cut out, because of our capital.
I have one thousand euro to spend in SB, am I wasting my time, should I put the 1000 on a horse in the 3,30 race.
How much dose a person need to trade successfully in SB, giving the normal ups and downs.
Please do not say if I am winning from day one 1000 is ok, I am talking on average.

Successful trading is not about starting capital but experience. I think there is some good answers for newcomers in this thread.
http://www.trade2win.com/boards/spread-betting/37774-can-you-really-make-money-spread-betting.html

 

[shadowninja]

First of all, you need a system that works, otherwise that horsey is sounding promising.

 

[SalesFreelance]

Successful trading is not about starting capital but experience. I think there is some good answers for newcomers in this thread.
http://www.trade2win.com/boards/spread-betting/37774-can-you-really-make-money-spread-betting.html

I had read that thread, and that is the reason I asked the question. One poster said 300 was not enough to start, so saying you have your system, how much money do you need to start, taking in stop loses and enough to cover your capital, if the first few bets go wrong ect

 

[gamma]

I will probably get some stick for saying this but your 1000 should be enough to get you started with some diligent intensive trading.
The thing to do is practice for a while on a demo account with 1000 capital or use a ratio which only leaves you the equivalent of 1000 to trade with.
If you intend staying in the trading game long term do not expect to double your money in anything less than 5 months
good Luck

 

[gle101]

I had read that thread, and that is the reason I asked the question. One poster said 300 was not enough to start, so saying you have your system, how much money do you need to start, taking in stop loses and enough to cover your capital, if the first few bets go wrong ect

Than you have not read it carefully. Start with the smallest bet you can find. Try getting an account with Capital Spreads, finansbet.com in Swedish crowns by joining their white label operation or iflexmarkets.com/. Do not start with a £1 stake. You will probably lose the first year, in this way you can minimize your losses. Calculate with 1-2% stake of your total capital (included stop loss). Not much is needed to get you started. Demo trade just to practice your strategy and to get to know the platform. Not for long as, demo trading is not the same thing as real live trading. Read up on Money Management and the other rules of trading. ALWAYS set your stop losses.

 

[gle101]

First of all, you need a system that works, otherwise that horsey is sounding promising.

Experience is what counts.

 

[Lee Shepherd]

Everyone has to start some place, correct and I see posted in this forum that 300/ 500 usd is too small to get into this game. Is SB a rich man's game. Are us, small guys cut out, because of our capital.
I have one thousand euro to spend in SB, am I wasting my time, should I put the 1000 on a horse in the 3,30 race.
How much dose a person need to trade successfully in SB, giving the normal ups and downs.
Please do not say if I am winning from day one 1000 is ok, I am talking on average.

Yo dude,

The fact you are asking this question means you are way off from starting to even think about throwing your money into the pockets of the nearest spreadbet firm. Once you've done a serious amount of papertrading you will know what is enough and not enough for your style.

Some will say that *300 is plenty, others will say you need 5k. This is their opinion based on their system and style of trading ect.

You will not find any suitable answers with this question and following one of them will most probably lead you to ruin, if not, it's purley luck and traders dont use luck.

Your question should be something along the lines of:

How do I know how much capital to use when trading with a spreadbet company?

This will throw up many more replies that will help you determine what your looking for.

 

[SalesFreelance]

Thanks for the advice. Glad to hear 1000 should be enough. Paddy Power is doing a special at the moment 100 free if you lodge 250 in. Might do this and pratice real account, so all I might lose is 250 and have a free hundred to play with.
Gle101, good advice, but you should not be putting in links for sites that are parked just to get a hit count on the name. Iflexspreads is not a web site. Tricks like that devalues the advice you gave me.

 

[gle101]

Thanks for the advice. Glad to hear 1000 should be enough. Paddy Power is doing a special at the moment 100 free if you lodge 250 in. Might do this and pratice real account, so all I might lose is 250 and have a free hundred to play with.
Gle101, good advice, but you should not be putting in links for sites that are parked just to get a hit count on the name. Iflexspreads is not a web site. Tricks like that devalues the advice you gave me.

Well my friend, you asked for advice and solid answers. These two companies are among the few that I know have very low entry bets. I have been around a lot longer than you and have nothing to gain by giving out their addresses. By being unpolite will not get you off to a good start in your trading career.

 

[gle101]

Thanks for the advice. Glad to hear 1000 should be enough. Paddy Power is doing a special at the moment 100 free if you lodge 250 in. Might do this and pratice real account, so all I might lose is 250 and have a free hundred to play with.
Gle101, good advice, but you should not be putting in links for sites that are parked just to get a hit count on the name. Iflexspreads is not a web site. Tricks like that devalues the advice you gave me.

My mistake, iflexmarkets.com is the right address and nothing else.

 

[SalesFreelance]

The second web address you gave is not a working site. It is a parked domain, for a guy who is around a lot longer than me, why would you gave that URL. I am not being polite, I am stating a fact.
So why did you gave that URL?

 

[gle101]

The second web address you gave is not a working site. It is a parked domain, for a guy who is around a lot longer than me, why would you gave that URL. I am not being polite, I am stating a fact.
So why did you gave that URL?

"Tricks like that devalues the advice you gave me." How would you appreciate an answer like this from someone who you are trying to help out?

 

[SalesFreelance]

As far as I am concerned this is the end of it.
You have edited your post to take the URL out and just leave the site name, Why.
The domain name is reged in Skovde, which is in Sweden, and guess where you are from, your right Sweden.
So my friend, i am a lot longer around the internet than you are, so I say the same again, thank you for your advice,( and i mean that) but do not be putting in links that are useless to the post.

 

[gle101]

As far as I am concerned this is the end of it.
You have edited your post to take the URL out and just leave the site name, Why.
The domain name is reged in Skovde, which is in Sweden, and guess where you are from, your right Sweden.
So my friend, i am a lot longer around the internet than you are, so I say the same again, thank you for your advice,( and i mean that) but do not be putting in links that are useless to the post.

You come as a newbie to this forum asking for advice. I gave it with no thought of reward of any kind. You seems to have a tough ride ahead of you.

 

[gle101]

As far as I am concerned this is the end of it.
You have edited your post to take the URL out and just leave the site name, Why.
The domain name is reged in Skovde, which is in Sweden, and guess where you are from, your right Sweden.
So my friend, i am a lot longer around the internet than you are, so I say the same again, thank you for your advice,( and i mean that) but do not be putting in links that are useless to the post.

You are right about Sweden and there is a reason for this. Simply because 1 swedish crown is a lot less than 1 sterling pound, and by that a much lower entry level. Please try not to get caught up in small details as, most of the people at this forum like to give freely of their trading experience.

 

[Phil Mibbutz]

Never mind the silly arguments, the best thing for a newbie to do is paper trade for at least six months, using the same minimal stakes and treating the profit/loss exactly the same way as if it were coming out of your bank account.
Other than to bring home the point that it's very easy to lose your entire pot, using real money straight away is senseless, whether it's £300, £500 or whatever... Unless you're already so rich that it doesn't matter. In that case, maybe the bloke from Sports Direct can offer advice?

 

[RedGreenBen]

Paper-trade and then do some basic stats on your performance so that, with a degree of confidence you are happy with, you know (as well as you will ever know at least) that your capital is sufficient.

I'm sorry to be so rational but it works for me.

It is also good for the jump into real money trading if you firmly have in your mind the thought 'I know with 90% certainty that if I continue to trade methodically and stick to the system I have developed then I will make money and not blow my account before I do so'.

Ben

 

[tar]

Everyone has to start some place, correct and I see posted in this forum that 300/ 500 usd is too small to get into this game. Is SB a rich man's game. Are us, small guys cut out, because of our capital.
I have one thousand euro to spend in SB, am I wasting my time, should I put the 1000 on a horse in the 3,30 race.
How much dose a person need to trade successfully in SB, giving the normal ups and downs.
Please do not say if I am winning from day one 1000 is ok, I am talking on average.

what u mean enough ? u mean enough to make u a sucessfull trader from the first account ? ofcourse no , u should blow several accounts from these small accounts to discover ur profitable system and be a successfull trader .If u have system and u r a successfull trader u can start with 100 pound no problem .Mate it is a long road u should pay to learn , like university . Demo account is a good idea but not as good as trading and learning from ur own real money .

 

[gle101]

what u mean enough ? u mean enough to make u a sucessfull trader from the first account ? ofcourse no , u should blow several accounts from these small accounts to discover ur profitable system and be a successfull trader .If u have system and u r a successfull trader u can start with 100 pound no problem .Mate it is a long road u should pay to learn , like university . Demo account is a good idea but not as good as trading and learning from ur own real money .

Yes exactly my point of view, the newcomers aren't aware of what lies ahead. I am not a big fan of an extensive and long period of demo trading. In fact I even think it can hurt your trading as you are not emotionally prepared, when you step into the real heat. For a newbie it is better to keep down the stakes to a minimum when you do decide to trade for real. They will probably be on the losing side for a long period to come. And honestly, as suggested by Phil, how many newbies have got the discipline to paper trade for a period of 6 month?