Financial Spread Betting (Future Betting)

[italkcash]

I discovered that Financial Spread betting offers Binary Betting now. Basically that means that you can bet on how much a certain stock/indice/bond goes up for the day. So anything in the range you place it you will get your money back if you are right.
This method is good because you know how much you get back at the end of the day and you also know exactly how much you loose.

[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.

[ghous]

) 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.

very helpful tips! thanks admin! in my oipinion the third is the most important, one must know what kind of trading he is good at, for instance i never feelk comfortable with the long erm trading but i know for a fact that it is more profitable then swing trading or short term trading.

[kodek]

if you have lot of time then short and swing trading is good for you .. and actually i prefer short trading as well .. scalping is good and you can make money .. maybe just few pips per trade but it is more than enuff if u accumulated them

[zapper]

Originally Posted by kodek

if you have lot of time then short and swing trading is good for you .. and actually i prefer short trading as well .. scalping is good and you can make money .. maybe just few pips per trade but it is more than enuff if u accumulated them

Scalping is great for both, the broker and the trader, in one way that the the trader makes lots of pips, and the broker earns a lot in spreads. It is also a headache for both in a way that, thr Trader has to spend too much time at the system terminal and the Broker has to execute too many orders at the dealers desk(Ofcourse, now it`s not that big a problem for brokers, since the advent of ECN).

[ghous]

if you have lot of time then short and swing trading is good for you .. and actually i prefer short trading as well .. scalping is good and you can make money .. maybe just few pips per trade but it is more than enuff if u accumulated them

scalping is'nt always the best way really! ppl feel the only negitive it has is that you gotta stare your computer screen for a long time...actually there is more negitives then just that cheif being that in scalping often among the few trades you do they may be profitable but just one good loss is enough to cover all your profits...i rather prefer day trading which is a little longer version where m,y main TF's are the 1h and the 4H in my opinion it's the best kind of trading there is!