Beginners,Spread,Betting,Strat sports Beginners Spread Betting Strategies To Help You Make Money
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So you've decided to do spread betting. It is a fun and (if donecorrectly) financially rewarding 'hobby'. To help you out we listed afew spread betting strategies that can surely help you succeed in thecompetitive world of financial markets. To make it simple let usrestrict our spread betting strategies to the FOREX and indices only. We will tackle other topics such as sports spread betting strategies later on.Spread Betting Strategies # 1 Have total control.Leverageis the keyword and the fundamental concept of spread betting. Thismeans that when you risk only a minimum amount of cash you can stillgain a large amount with only a bit of a budge in the price level ofthe market. On the same principal you can lose a big amount of money ifyou are not so careful with your money.The ideal cash tohave is around 10 thousand dollars in your account. This is a specificadvice we learned while doing financial spread betting.Beforegambling any money on financial betting it is important to first starta demo account in which you can learn about currency pairing or indexconcern until you've mastered the market. Do not bet just because ofgut feel, put you money on spread betting only when you have studied anestablished trend in the market.When you see the trendsloping up go along with it but halt at 10 % or more below the 3-monthlow season. That period is called the arbitrary time in which you candecide for yourself if you want to do a longer period. Again observethe movement of the market in price level.Having totalcontrol means stopping when you see that you're risking 5 per cent ofyour bankroll. If you feel like your going over you careful budget stopspread betting.Spread Betting Strategies # 2 Stay away from day trading.Daytrading will not make you any money. The only 2 markets that showsignificant movement on a day to day basis is the FOREX and indices(DOW and FTSE). The sensitivity of the market however serves as a banefor day traders. So it is really impossible to gain profits from daytrading using spread betting.Spread Betting Strategies # 3 Self control is the trait that differentiates the winners from the losers. Asa spread bettor one of the first things you must do is to set a stoploss or limit order. Do not veer away from you limit and your budget.If you find that your stop loss is 200 points away from opening pricethen adjust your target profit to a maximum of 100 points. The volatileor sensitivity of the market really does cause the fall and rise ofthese markets and having a drop zone in the form of a stop loss isessential. Article Tags: Spread Betting Strategies, Spread Betting, Betting Strategies, Away From, Stop Loss
Beginners,Spread,Betting,Strat