I was just trying to highlight that they're not the same thing... why might one person fail to get onto the rugby team but perhaps not fail to get on the football team etc..
sure the fat kid who is massively unfit may be useless at both though and the guy who blows up his spread betting account in a handful of trades is probably a very morbidly obese kid in this analogy
OK it isn't the best of analogies but the main thing is simply they're different - failing at one doesn't mean you'd necessarily fail at the other - the issue with the spread is the massive cost it adds - some successful series of futures trades might cause massive losses if you tried the same thing with an SB firm where you can't work a limit order to buy at the bid etc..
Ok, I see your point.
I was thinking to myself that if I could do well, or even moderately well with spread betting then I would have an even better chance if I was to then move to Futures because of the absence of the pesky spread. To use an analogy myself, it would be akin to a fighter training with sandbags strapped to their arms and legs (spread betting) but then eventually have getting used to them, when they take the weights off (move to Futures), they are now much quicker and better able to perform.
I don't even mind paying a spread cost... it's when it widens/shortens that makes things difficult for me. I stumbled upon this current broker, so perhaps I should try one of the brokers with fixed spreads. I've seen some offer fixed on the major pairs. Though having no spreads at all would be awesome!
that's a reasonable concern and frankly trying to trade futures on a shoestring budget isn't a good idea - thus why I suggested perhaps a small Betfair account might at least get you playing around with a limit order book (yup also not quite the same but you'll at least get to play around with a price ladder rather than just whacking up a chart and trading off two way quotes)
(if you're stuck for money then "matched betting" - basically abusing the signup offers at different bookies is/was an easy way to get some quick cash... I did it years ago when I was a student but apparently it is still feasible now, albeit probably less lucrative than back in the day - alternatively just wait until you have some disposable income to trade with)
Yeah, I've accepted that I don't really have the capital to trade futures. I can still learn a lot about trading via spread betting, so a lot can still come from what I am doing now. One way or the other, I need to increase my capital size eventually if I am to even make a very modest income from this.
I still haven't opened up a Betfair account yet but I will as some point soon. The matched betting/signup offer abuse sounds interesting but I fear I have burned those bridges already as I used to play a game about a year ago and I earned in game currency for signing up to various bookies and placing a bet. Though at the rate new bookies seem to be popping up, I could very well have a fresh list of opportunities. Then again, I am warey of those sign up offers as I have seen many effectively ensure they you will get nothing because of the rules attached to availing of such signup bonuses. I have seen, I think it's bet365 make those availing of their bonus wager the bonus multiple times before money can be withdrawn.
I'll look more into it.