Financial Spread Betting - What Is It? And What Are the Plusses and Minuses
Some people have made a lot of money and likewise many people have lost a lot of money on spread betting. Most of the companies who are set up to do the on-line trading of financial spread betting are located in the UK. Before one embarks on the practice of spread betting, there are several important factors to keep in mind. First of all, never bet more than you can afford to lose, because many people do lose. Many of these companies have within their software systems a stop-loss account. For the novice, this might be a good idea because it sets a limit on how much money one can lose, of course it also sets a limit on how much money you can earn.
Before you begin, you absolutely must take a training program in the practice of Financial Spread Betting. Several of the companies have training programs available when you join, or you may want to search for an independent training program to guide you. IGIndex and CMCMarkets both have training programs. IGIndex has a 6 week training program. City Index which also operates Finspreads offers a training program with what they call "trading experts". In spread betting, these companies offer the opportunity to buy and sell commodities, equities, foreign exchange, etc, based on a certain spread all across Europe, North America, Asia and so forth. You must have a bit of a gambler in you.
The good part about Financial Spread Betting is that you usually only pay a membership fee, and you do not pay taxes or other fees. The money you win is yours, and the money you lost is, well, gone. In order to do it, you must have a PC capable of running Firefox, Explorer 7 or Safari. You must also be able to have the latest Adobe Flash player and Java. Then you are all set to sign up and get going.
Probably the most popular Financial Spread Betting is in the Sporting Index. There are two types of bets, the fixed odds which is just based on who won, or a bet placed on the outcome of a game. For example, you can bet on a team to win by 10 points. If they win by ten points or more, you make a killing. If they do not, you could lose your shirt. With the Olympics on right now, there is a lot of Sporting Spread Betting. This is a Fun activity. But again, heed the warning, if you cannot afford to lose the money, don't bet it. Very good luck to you.
Some people have made a lot of money and likewise many people have lost a lot of money on spread betting. Most of the companies who are set up to do the on-line trading of financial spread betting are located in the UK. Before one embarks on the practice of spread betting, there are several important factors to keep in mind. First of all, never bet more than you can afford to lose, because many people do lose. Many of these companies have within their software systems a stop-loss account. For the novice, this might be a good idea because it sets a limit on how much money one can lose, of course it also sets a limit on how much money you can earn.
Before you begin, you absolutely must take a training program in the practice of Financial Spread Betting. Several of the companies have training programs available when you join, or you may want to search for an independent training program to guide you. IGIndex and CMCMarkets both have training programs. IGIndex has a 6 week training program. City Index which also operates Finspreads offers a training program with what they call "trading experts". In spread betting, these companies offer the opportunity to buy and sell commodities, equities, foreign exchange, etc, based on a certain spread all across Europe, North America, Asia and so forth. You must have a bit of a gambler in you.
The good part about Financial Spread Betting is that you usually only pay a membership fee, and you do not pay taxes or other fees. The money you win is yours, and the money you lost is, well, gone. In order to do it, you must have a PC capable of running Firefox, Explorer 7 or Safari. You must also be able to have the latest Adobe Flash player and Java. Then you are all set to sign up and get going.
Probably the most popular Financial Spread Betting is in the Sporting Index. There are two types of bets, the fixed odds which is just based on who won, or a bet placed on the outcome of a game. For example, you can bet on a team to win by 10 points. If they win by ten points or more, you make a killing. If they do not, you could lose your shirt. With the Olympics on right now, there is a lot of Sporting Spread Betting. This is a Fun activity. But again, heed the warning, if you cannot afford to lose the money, don't bet it. Very good luck to you.
No comments:
Post a Comment