Answers


What is the most profitable spread betting strategy?

 

In my opinion there is no such thing as a “Most profitable spread betting strategy”. A spread betting strategy is as much about the individual that trades it as it is the strategy itself. Two spread betters can trade the same strategy and get entirely different results. I think it’s important to have a trading strategy but I am a big believer that your strategy needs to fit you. You can buy strategies or trading systems from a third party but I would suspect you will end up making adjustments to it to suit you. If you would like to develop your own strategy you can read my strategy development guide to help you get started. It’s a work in progress but it will allow you to get going.
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Should I purchase a trading system? Some promise £100 – £2000+ per day!

 

I’m sure trading systems work for some people, personally I have never tried one and have no desire to do so. If it was that easy to make £100 to £2000+ per day then everyone would be doing it. Most professional fund managers aim for a 1% return per month. If we take the minimum £100 per day that works out to roughly £2,000 per month. 1% of £200,000 = £2,000. I don’t know about you but I don’t currently have £200,000 to spread bet with.
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What is the best spread betting strategy to make money?

 

There is no such thing as the best strategy to make money. If you speak to 10 traders about spread betting they probably trade using 10 different strategies and all make or lose money. Everyone searches for the ‘Holy Grail’ of trading. The one strategy that will make consistent profits above all the others. Sadly there is no such thing. You may find a strategy that works really well one year and not so well the next.
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If you have a question you would like me to answer you can either ask it over in the forum for contact me directly.