You may remember some time ago I posed the question “Are you a profitable spread bettor?” I left a poll running on the site for three months to get some feel for how many people win/lose via spread betting. With the poll closing a few days ago I’ve decided to put the results into a pie chart to make it easier to view the percentage of winners.

It would seem that the reports of around 70% of spread bettors losing money is true. Obviously my poll has only reached a small proportion of the spread betting community but never the less these are real results. I would like to thank all the people that took the time to vote it’s much appreciated as always.

I would also like to thank Alan for his comments that he left the other day. I’m glad some one is showing a profit. Thanks for taking the time to comment it’s much appreciated as always.

I’ve been moving some of my positions between accounts today. I have most of my positions open with CMC markets and received a phone call on Friday informing me that the old CMC (market maker) account will be making way for their new platform shortly and I should look to close out my positions and move them to the new platform. Personally I think this is pretty naughty. They should just transfer all my positions to the new account for free. Me having to close the positions an re-open them immediately is costing me the spread again. I’ve done two positions so far but I think I’ll leave the rest. I don’t think it’s fair I should have to pay all my spread again because they create a new platform. Has anyone else got a CMC account? Have you had the same issue? Please let me know if you have.

Until next time
“May the markets be with you”
Spread Betting Beginner

October 11, 2010 by Harry
Category: blog