Making Money Spread Betting – Answers

Answers

You can make a lot of money spread betting, but you can also lose a lot. I personally think it’s a bad idea to make a lot of money quickly spread betting. If you make a lot of money in a short space of time then you will probably end up getting over confident and lose all that you have made and more. You need to find a strategy that suits you and that gives you an edge over the 50/50 odds that you would have if you just randomly enter trades.

Why don’t you stop by my Spread Betting Blog and learn from my experiences. Hopefully you will avoid making the same mistakes I have.
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It’s certainly possible to make millions from spread betting. In fact if you do some searching on the internet you will find a few success stories about people becoming millionaires via spread betting. I think however these people are the exception not the rule. If you enter the world of spread betting with the view to becoming a millionaire in a few weeks, months or even years I think you are in for a bit of a shock. If it was really that easy to make millions spread betting then everyone would be doing it.

If you are sensible there is no reason that in time you could not become a millionaire. All the successful spread betters that I know of have a trading strategy in place that they stick to. It governs everything about their trading process and indicates when to enter & exit trades, how to position size appropriately and much more. If you are searching the internet for a get rich quick scheme then spread betting is not for you. If you’re looking to get rich quick then keep searching. In my experience there is no such thing as a get rich quick scheme. Usually if something sounds too good to be true it usually is.

Spread betting will take time, effort and lost of self discipline to master. If you can get that far then the rewards are obvious. There is certainly money to be made from spread betting but how much depends on the individuals risk tolerance and money management capabilities. If you haven’t been scared off from spread betting and would like to learn more about it then you can start with my free beginners guide. If you still have questions join the free spread betting forum and ask any questions you may have. There will be someone on there that can answer your question I’m sure.

Why don’t you stop by my Spread Betting Blog and learn from my experiences. Hopefully you will avoid making the same mistakes I have.
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You don’t actually need that much to start spread betting. I started with £50 back in Feb 2009. I think you can even open an account with £0 to take a look at the platform etc. You won’t be able to trade of course but at least you can get a feel for how to make trades. Most spread betting firms offer an introductory offer to get you started. These typically require that you open an account, fund it with £XXX and make N trades to qualify for the offer. They vary from firm to firm but you can check out my list of latest spread betting offers.

Although I started with £50 I soon realised that more would be required. If you are looking to spread bet for a living then I think you need to be stating with at least £5,000 if not more. If you do start with this sort of money just be careful as spread betting is a very easy way to lose money, especially if you are inexperienced.

Why don’t you stop by my Spread Betting Blog and learn from my experiences. Hopefully you will avoid making the same mistakes I have.
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You can’t. There is no one on the face of the planet that can guarantee anything in the stock market. Even Warrent Buffet cannot give you a guarantee you will make money from one of his share tips. The only thing that is guaranteed is that sometimes you will make money and sometimes you will lose it!

Why don’t you stop by my Spread Betting Blog and learn from my experiences. Hopefully you will avoid making the same mistakes I have.
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It’s certainly possible to become rich spread betting. If you are just starting out though it’s probably going to take you a while, if it ever happens. I started spread betting with the get rich quick mindset but soon realised that it’s not going to be the case. If you are to ever get rich spread betting it will take time, discipline and hard work.

Why don’t you stop by my Spread Betting Blog and learn from my experiences. Hopefully you will avoid making the same mistakes I have.
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I have no idea how much most people make spread betting. There are figures out there that suggest 80% of all spread betters lose money not make it. You have to view spread betting as a business and treat it like wise. You need to find the strategy that fits your trading style and stick to it. All full time spread betters have a trading plan that covers all areas of their trading. As the saying goes “Failure to plan is a plan to fail”.

Why don’t you stop by my Spread Betting Blog and learn from my experiences. Hopefully you will avoid making the same mistakes I have.
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You should NEVER spread bet with money you cannot afford to lose. No one likes losing money, I know I don’t, but If you can’t realistically afford to lose it then you should not be trading with it. Don’t risk your kids college fund, your house, your life savings on spread betting. If you lose the lot then what are you going to do!!!

Why don’t you stop by my Spread Betting Blog and learn from my experiences. Hopefully you will avoid making the same mistakes I have.
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There is no sensible amount really. The most important thing to remember is you should only risk what you can afford to lose. If this is £10 or £1000 the so be it. Never risk money which you need for rent, mortgage payments, food, clothes, bills etc. Take care of them first then think about money you can risk on spread betting.

Why don’t you stop by my Spread Betting Blog and learn from my experiences. Hopefully you will avoid making the same mistakes I have.
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This can be a tricky situation, and can be a slippery slope to the poor house. If you’ve lost all you can afford to lose then take it on the chin and sit it out until you have more money you can afford to lose. If you have more money you can afford to lose right away I would take a step back, possibly paper trade for a while until you develop a strategy which will give you a positive expectancy in the long run. Once you are happy you have a strategy that fits your trading style then try it with a live account but start small. Only risk a maximum of 1% of funds or less. 0.5% and 0.25% are other good amounts to start with.

Why don’t you stop by my Spread Betting Blog and learn from my experiences. Hopefully you will avoid making the same mistakes I have.
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It could do, it depends. It basically all comes down to you. Trading needs to be treated like a business. If you treat it any other way then you will probably lose money over the long term. If you take is seriously, put in the time and effort, learnt your craft then there is no reason you should not make it to spread betting success. Even if you do all that it’s still not guaranteed but it will help you a lot.

Why don’t you stop by my Spread Betting Blog and learn from my experiences. Hopefully you will avoid making the same mistakes I have.
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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.