What is Spread Betting?
If you are new to the world of financial spread betting then you have come to the right place. Spread Betting Beginner is your resource to all things spread betting and best of all it's free. My name is Harry and I run this site. I regard myself as a spread betting beginner and refer to myself likewise in all blog entries, forum posts and other correspondence throughout this site.
I've made no assumptions in writing the content of the site and it is aimed at complete beginners right through to experts. If you are a newbie then I suggest you first learn the basics. My beginners guide to spread betting is a great place to start.
A Brief Overview
If you're completely new to spread betting you're probably wondering what it actually is. Well spread betting offers a unique way for you to access and trade the worlds financial markets. You can speculate on anything from FOREX to Gold, Form Orange Juice to Indices. You can trade your favourite companies from all over the world such as Apple, Microsoft, BP and Vodafone. You can spread bet as much or as little as you would like, but be warned it's not as easy as some might make it seem. You can make or lose money very quickly and it's of the upmost importance that you only spread bet money you can afford to lose.
Making Money
- How much money can I make spread betting?
- Can I make millions?
- How much money do I need to start?
- How can I Guarantee I will make money?
- I want to be rich! Will spread betting make me rich?
- How much money do most people make spread betting?
- I'm using my savings to spread bet. I can't afford to lose the money. Should I be trading?
- What's a sensible amount of money to start trading with?
- I lost all my initial deposit spread betting. Should I bet more to win it back?
- I've heard stories of people losing thousands trading. Will this happen to me?
- May the markets be with you! What's that all about?
Still Interested?
If I haven't put you off, believe me I don't want to put you off but it's highly important you understand the risks involved. So If I haven't put you off you will need a few key things to get you started. Choosing the right Company
Firstly you will need a spread betting company. Now most traders that I know have more than one firm they use on a regular basis. Why more than one? Well some companies offer better spreads on some products than others and vice versa. Therefore you can check you are getting the best deal available to you, which in the long run will save you a lot of money. You can use my companies compared chart to help you choose the right firm for you. If you're still struggling to decide then why not check out my company reviews to help you make up your mind. Only Risk what you can afford to lose!
Under no circumstances should you spread bet with money you need to pay the mortgage, bills, kids collage funds or anything else you need the money for. Only ever spread bet with money you can afford to lose. I know no one likes to lose money, I know I don't. If you are lucky enough to have some spare money you can use for spread betting I would right it off in your mind. Pretend that you no longer have the money this way if you lose the lot, although you won't be happy, you will be mentally prepared to handle the loss. Believe me it happens. People enter the world of spread betting thinking how hard can it be only to realise it's a tough old game and loose all their money and wonder "What happened there!".
|
Experience Counts For a Lot!
You may not realise it right now but the journey you are about to embark on is not going to be an easy ride. You will go on a roller coaster of emotions, possibly over trade, make the same mistakes as everyone else, you may even end up quitting to go and lick your wounds from your losses. The thing you need to realise is, it will take time for you to build your experience. Imagine you want to become a doctor. You will need to study hard for several years, pass numerous tests and exams before you become qualified. Then you need to gain practical experience before you can be come a fully fledged doctor. The same is true for trading the financial markets.
You will need to read books, study hard, practice what you have learnt and then maybe you will start to succeed. You should use this site to your full advantage. Read my blog entries. In there I detail my experiences and any new trades that I make. Register for the spread betting forum. You will find many knowledgeable members there who are more than willing to help you and share their own experiences with you. The important thing is to start your spread betting education now!
|
Latest from my spread betting blog
I'm still here, but you'd be forgiven for thinking I wasn't19 March
Well I’m still here and trying to spread bet as and when I get the chance. I think it’s pretty safe to say that my passion for spread betting and developing this site has dissipated somewhat since it all started two and a half years ago. I’m hoping it will return and indeed my recent win in BUMI and some wins in the GBP/EUR have nearly returned my account balance to where I started from. I hope that it’s a trend that is set to continue however I am still cautious as I know that losses can mount far quicker than any profits.
My biggest enemy as it always has been is time. When I first started the site back in 2010 I had high hopes that it may get to a point where it would generate sufficient income to free up my time to dedicate more to trading and other pursuits however it has not turned out to be the case. Quite the opposite infact, I probably have less time now than I did when I started the site and site maintenance, updates etc. etc. only make the problem worse. Fear not however, I will keep plodding away and hopefully at some point I will get back to my usual ‘posting a few times a week’ self. I can’t say for sure when that will be but I hope sooner rather than latter.
I don’t know about you but I still do the rounds of the old spread betting websites and I see that Tony Loton is still going strong over at better spread betting. I’d be lying if I said I follow his blog as reli [Read more...] |
Back in on BUMI14 February
With the news of that the Eurozone recession has deepened most of the market fell slightly but BUMI dropped significantly from around 440p to as low as 378p during the day. My first reaction was boy am I glad that I got out yesterday at 430p saving myself a tidy sum in lost profits. As the day wore on I could only see that BUMI would return to form as the stock has started to trend nicely over the last few months. So I decided to set an limit order to get in £1 pre point at 383p with a stop set at 340p. This is a 43 point risk so that’s 4.3% of my original £1k bank. Will the stock return to form? Well that remains to be seen but the fact that the stock jumped from 390p to around 400p at the close is a good sign that people think the price will rebound tomorrow. Only time will tell but I think the risk is worth the potential reward.
BUMI ChartBuy at 383p Stop at 340p |
BUMI goes BOOM and makes me a nice profit13 February
Well as always seems to be the way these days I think I’m going to get time to get back to some spread betting but then other things crop up and my plans fall by the wayside. Anyway I’m still here and I am still planning on getting back to my old ways but it’s just one of those things that will happen when it happens.
I have been doing a bit of trading again recently. More of a trial than anything else but never the less trading all the same. I’ve been keeping an eye on the spread bet magazine blog over the last few months and I’ve made a couple of trades that have worked out well for me after reading some of their articles. The most notable is BUMI. Back in November last year I placed a £1 per point trade on BUMI at 270p with an initial stop set at 232. This is a little bit more risk than I like to take at 3.8% of my initial £1000 funds but still I decided to take the trade never the less. Over the few weeks after the trade it didn’t do much but I kept my eye on it. It carried on this way until the beginning of January when the stock really started to take off. I bought in again on 22nd January at 325p with an initial stop at 305 and moved my stop on my existing position to the same level, therefore locking in £35 from my first trade with a £20 risk on my new trade and therefore securing £15 profit overall but now at £2 per point. Over the last few days it’s rocketed again and has hit highs of around 445p to [Read more...] |
