[italkcash]

1) You can make money in all market conditions
Today thanks to spread trading you too can profit from markets, shares, currencies and commodities to go down (Short Sell), to go up (Long Buy) and to even trade sideways (Barrier Range), where you would bet for a market, say FTSE , to stay within a range of 3,200 to 3,800 for the next 20 days.

2) Start small and build up
No successful trader starts out in a big way. For my own spread trading I started out with £2,000 of risk capital. Thanks to small bet sizes and virtual accounts offered by some financial bookmakers you can trade via a real system with no risk. Then you can move on to trading with small stakes and build up.

3) Know your personality and trading style
Day trading is hard, very damn hard and you have to watch the stock closely every minute. Either do a long spread on the monthly Indices or get ready to throw everything you know out of your life to look on charts.

4) Cut losses and let winners run
Trading comes down to psychology and everyone wants to win and no one likes to be wrong or be classed as a loser. What I suggest is that you have a mechanical approach to exits and entries. That is, you have a cut out point set on opening a trade. Financial Bookmakers offer a guaranteed stop loss on most products. This means that you can place a bet knowing that the most you can lose is known, yet your profit could be unlimited. Another good tip is to trail stops, which means you lock in some profits yet keep the trade running. Once a trade moves into profit, you could move the stop loss to your entry point; this means that the worse case scenario is a break-even trade.

5) Treat Financial Spread Trading as a business
If you want to make real money, then you need to treat this as a business and work to a professional standard. Keep records of your trades, invest time and money to learn to trade, and continue to update your skills. It is a never-ending learning process.