spread bet training

[wullybully]

Hi im new has anyone heard of Roxi offering spread bet training for £2000.

 

[Lee Shepherd]

Google it. If you find nothing or little on the subject then theres your answer.

Failing this, many spread bet companies wil give you free seminars just for joining up.

Also ask Roxi, what will I be getting for my money.

Hi im new has anyone heard of Roxi offering spread bet training for £2000.

 

[aquamarina]

Join IG Index and be part of their TradeSense program. It's free and it's quite good introduction to beginners. You get via post or email 6 modules, and can start spread betting at lower stakes.
The hardest part is knowing what and when to to trade. Spread betting as such is not difficult!

 

[Chorlton]

Hi im new has anyone heard of Roxi offering spread bet training for £2000.

Why do you need specific training to spread-bet? Spreadbetting like any other instrument still requires an underlying strategy which only you can develop. Initial ideas for such a strategy are freely available either on the net or simply on this website.

Only once a strategy had been developed would I look to actually spread-bet it. These Spreadbet companies offer introductory offers to new subscribers and I would suggest you take full advantage of this to forward-test you OWN strategy. Ideally, the strategy would have already been backtested to ensure some level of robustness but thats another topic...

Chorlton

 

[TheBramble]

I'll give you SB training for nothing.

Take your trading capital. Ensure it is too little to be effectively utilised. Ensure total desperation and financial need to double this meagre capital each day in order to meet your mortgage and bill payments and most importantly, this should be the only money you have preferably, you've just drawn it out as cash from your credit card account at about 30% APR.

Put it in a canvas sack and tie the top tightly with rope after putting a few rocks in it.

Take it to your nearest river bridge.

Throw the sack into the water and walk away.

The only difference between this course of action and actually SBing is you save yourself time and the effort in typing up yet another post on these boards about how all the SB companies are crooks, their prices don't relate in any way to the nominal underlying and they deliberately hunt your specific £1/pt stops.

Has this helped?

 

[shadowninja]

It's just the usual life cycle of a newbie to the game, really. Not thinking of anyone in particular. Oh, ok, I might be.

 

[Chorlton]

I'll give you SB training for nothing.

Take your trading capital. Ensure it is too little to be effectively utilised. Ensure total desperation and financial need to double this meagre capital each day in order to meet your mortgage and bill payments and most importantly, this should be the only money you have preferably, you've just drawn it out as cash from your credit card account at about 30% APR.

Put it in a canvas sack and tie the top tightly with rope after putting a few rocks in it.

Take it to your nearest river bridge.

Throw the sack into the water and walk away.

The only difference between this course of action and actually SBing is you save yourself time and the effort in typing up yet another post on these boards about how all the SB companies are crooks, their prices don't relate in any way to the nominal underlying and they deliberately hunt your specific £1/pt stops.

Has this helped?

Bramble,

Although I agree 100% with the underlying message associated with your post, with the ability to leverage and tax exemptions surely would you not agree that Spreadbetting has its place in ones arsenal?

Regards,

Chorlton

 

[0007]

I'll give you SB training for nothing.

Take your trading capital. Ensure it is too little to be effectively utilised. Ensure total desperation and financial need to double this meagre capital each day in order to meet your mortgage and bill payments and most importantly, this should be the only money you have preferably, you've just drawn it out as cash from your credit card account at about 30% APR.

Put it in a canvas sack and tie the top tightly with rope after putting a few rocks in it.

Take it to your nearest river bridge.

Throw the sack into the water and walk away.

The only difference between this course of action and actually SBing is you save yourself time and the effort in typing up yet another post on these boards about how all the SB companies are crooks, their prices don't relate in any way to the nominal underlying and they deliberately hunt your specific £1/pt stops.

Has this helped?

Bramble,

I have to disagree with you. it's much quicker and far less effort to take your wallet to the nearest drain and empty its contents therein.

 

[TheBramble]

Bramble,

Although I agree 100% with the underlying message associated with your post, with the ability to leverage and tax exemptions surely would you not agree that Spreadbetting has its place in ones arsenal?

Erm, no, not really.

We surely don't want to devote yet another thread to the whys & wherefores of SBing as it's been done to death. I do know a few who make regular income from it and have done so for a convincingly long period of time. So, some of the longer term players MAY get out with some loot, but generally not with much size, but not too many for too long. Shorter term players get routinely stuffed. Listen, it's an excellent business model - for the SB. I'm just amazed it's considered legal.

The commissions and dealing costs have come down to massively and there are just so many possibilities available to trade direct I just wonder why so many focus on the slightly academic for most issues of taxation.

Seems to me you'd want to find yourself a reputable, recommended, fast execution, low-cost dealing facility FIRST - get proficient and profitable over a goodly amount of time on increasing size and get to a point where you really feel its worthwhile considering the tax implications. Most do it the other way round and never make any transition of any kind - except out of the game for good (or until the next time).

 

[TheBramble]

Bramble,

I have to disagree with you. it's much quicker and far less effort to take your wallet to the nearest drain and empty its contents therein.

Yes. But there are far fewer bridges than drains and I can't be everywhere at once...

 

[Chorlton]

Erm, no, not really.

We surely don't want to devote yet another thread to the whys & wherefores of SBing as it's been done to death. I do know a few who make regular income from it and have done so for a convincingly long period of time. So, some of the longer term players MAY get out with some loot, but generally not with much size, but not too many for too long. Shorter term players get routinely stuffed. Listen, it's an excellent business model - for the SB. I'm just amazed it's considered legal.

The commissions and dealing costs have come down to massively and there are just so many possibilities available to trade direct I just wonder why so many focus on the slightly academic for most issues of taxation.

Seems to me you'd want to find yourself a reputable, recommended, fast execution, low-cost dealing facility FIRST - get proficient and profitable over a goodly amount of time on increasing size and get to a point where you really feel its worthwhile considering the tax implications. Most do it the other way round and never make any transition of any kind - except out of the game for good (or until the next time).

Bramble,

Thanks for your comments.

Even though this is probably slightly off-topic what would be your recommendation if someone wanted to trade with leverage? Would CFD's (Direct Market Access) be a suitable alternative?

Just interested in your thoughts....

Thanks,

Chorlton

 

[TheBramble]

Even though this is probably slightly off-topic what would be your recommendation if someone wanted to trade with leverage? Would CFD's (Direct Market Access) be a suitable alternative?

Anyone not yet trading consistently profitably, shouldn’t consider using leverage at all. Period. It is a vastly underestimated risk. Those that should stay furthest away from it, the undercapitalised and inexperienced, are those most likely to employ it in order to ‘make sense’ of their normally low cash position.

The bigger question really is always going to which market and which instrument, which methods and systems? The leverage aspect is largely moot as you can get direct and indirect leverage on virtually any financial instrument you care to trade. Those who provide gearing are well aware that even if everything else was equal (which it most definitely is not), it’s very much the zero on their particular roulette wheel.

 

[wullybully]

Thanks guys and gals your world weariness is most refreshing a real tonic.However i am so poor even the modest returns promised of around £200 per day would be great! I will investigate further.

 

[TheBramble]

It's not world weariness wully, just weariness of drove after drove of newbies blowing their pocket money in a stupid way. It's easy enough to blow your money in an intelligent way using a more appropriate market access route, but at least you also get a few learnings into the bargain. With an SB you’re on the back foot from start to finish and you get nothing but bad feelings. (Most people, most of the time - not all).

And indeed, weariness with drove after drove of shills trying to covertly market SB companies' offerings by pretending to be newbies or asking if anyone has heard of "Blag -of-the Moment" SB. I'm not for one moment suggesting you fit this category at all, but if £200/day looks good and you're so poor then the £2000 entry fee will be stumbling block to any further progress down that route. Take that inherent restriction as a gift.

 

[candles]

Aren't the minimum stake sizes much bigger with direct access trading than with spreadbet firms (fot the dow / S&P) cheers.

 

[arabianights]

Yes. And margins are much greater too. Should be quite a hint there actually...

 

[TheBramble]

Aren't the minimum stake sizes much bigger with direct access trading than with spreadbet firms.

Yes they are. Why might that be?

Yes. And margins are much greater too.

Also very true and as you say…

Should be quite a hint there actually...

Absolutely.

That’s the thing, it’s not necessarily (if ever really) the stuff you’re told outright that makes all the difference. In fact, all that often is, is just a smokescreen or at worst, deliberate misdirection.

It’s the nuances and hints and the bits in between the lines that actually make the difference. Takes more effort, which is why few do.