Umbrella
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hey fella, have you done any trading before, say have you bought/sold shares before? if you have, then you will grasp SB pretty quickly. There are loads of newbie posts on this forum, but I would suggest you attend an actual introduction to SB seminar. Many SB firms now offer these seminars to clients and non-clients and it should be free of charge.
alternatively, you can simply read some SB website examples - they give you a good idea of SB mechanism too.
alternatively, you can simply read some SB website examples - they give you a good idea of SB mechanism too.
Hi dgeezee,
I think some of the seminars run by the major SP betting companies are pretty good but mainly held in London..these will teach you the actual mechanics of spread betting (how to Buy,sell,stop losses etc..)
If you find any seminars that tell you "how to make money spread betting" I would strongly advise you run them past this forum.. lots of cowboys out there and it would just be a waste of your time and potentially your money.
I think some of the seminars run by the major SP betting companies are pretty good but mainly held in London..these will teach you the actual mechanics of spread betting (how to Buy,sell,stop losses etc..)
If you find any seminars that tell you "how to make money spread betting" I would strongly advise you run them past this forum.. lots of cowboys out there and it would just be a waste of your time and potentially your money.
Umbrella
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totally agree - don't go to any seminars that charge money, or any 'free' seminars that promotes subsequent seminars at high price tags!
good idea to run them past this forum!
paulfiner70
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I would suggest reading this book too as a good introduction:
http://www.amazon.co.uk/Financial-S...=sr_1_1?ie=UTF8&s=books&qid=1257958289&sr=8-1
http://www.amazon.co.uk/Financial-S...=sr_1_1?ie=UTF8&s=books&qid=1257958289&sr=8-1
mb325
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I went to a seminar in Cardiff by IG or CMC (can't remember which), not sure if they do it anymore though.
SB has some good points going for it - you only need a couple of hundred £ to get some really good experience, you can start with very small stakes, you can SB 24hrs a day on some markets, the mechanics are simple.
However, don't be seduced by the constant motion of the markets. Just because they are moving all the time, and you can very easily take part in this, doesn't mean it is easy. The hardest SBing is very short-term intra-day stuff. Start with tiny stakes but long timescales, several days at least, until you are winning consistently. Manage your money so that you don't ever make a big loss on one position. Log what you are doing - and why: if you're not consistently profitable, keep auditing your strategies and researching and backtesting until you are. Don't worry about big profits, just stay in the game until your winners are consistently bigger than your losers, and there are more of them. Then increase your stake size, accept a bit more risk and watch the money roll in.
However, don't be seduced by the constant motion of the markets. Just because they are moving all the time, and you can very easily take part in this, doesn't mean it is easy. The hardest SBing is very short-term intra-day stuff. Start with tiny stakes but long timescales, several days at least, until you are winning consistently. Manage your money so that you don't ever make a big loss on one position. Log what you are doing - and why: if you're not consistently profitable, keep auditing your strategies and researching and backtesting until you are. Don't worry about big profits, just stay in the game until your winners are consistently bigger than your losers, and there are more of them. Then increase your stake size, accept a bit more risk and watch the money roll in.
luckystrike23
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Umbrella
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This is a misleading website. The whole thing seems to be a set-up to refer newbies to capital spreads (and the webmaster earning £££ from kickbacks).
I'm not sure where this website is located, but had it been in the UK, the FSA will definitely shut it down - it actively promotes spread betting without any licensing.
I would recommend any newbies to join an education programme offered by a FSA authorized firm.
Umbrella
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http://www.financial-spread-betting.com/spread-better.html
Just check out the above page. The website owner says '"I'm resourceful, I'm creative, I'm young, unscrupulous, highly motivated, highly skilled. In essence what I'm saying is that society cannot afford to lose me. I'm an ASSET"
It sounds to me like he is some kind of a kid with an oversized ego pretending to know trading.
Just check out the above page. The website owner says '"I'm resourceful, I'm creative, I'm young, unscrupulous, highly motivated, highly skilled. In essence what I'm saying is that society cannot afford to lose me. I'm an ASSET"
It sounds to me like he is some kind of a kid with an oversized ego pretending to know trading.
pat.rice20
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I am completely new to spreadbetting could anyone give me advice about where is best to learn the basics.
Thanks.:
Finspreads (www.finspreads.com) is a good source to learn about spread betting, both on a theoretical level and hands-on through their training demos.
