RE: Upward Trend15 Feb 2016 20:32
ADJ, like nfl has mentioned spreadbetting is very dangerous. I did do spread betting but no longer do it because of the time you have to spend on the charts, i have a fulltime job (like most) and have not got the time to analysis all trades etc and feel you really do have to keep an eye on spreadbetting, if it moves against you then you will pay the price and will pay hard if your stops are not used, even if you have stops theres no gaurentee the stop will get triggered. There is a chance if markets crash or open up lower etc that they move too fast to trigger your stops. It will enventually get stopped out out more many more pips you were intending.
Thus going back to the point i made about monitoring your trades.
If you do have time to view charts on a day to day basis then could be a way to make some good money when the markets go against you. With SB you need disipline and need to follow it or you will loose money. Tight stops are good but on aim markets it can be very volitile and get stopped out quickly making your looses greater.
I would highly recommend signing up to a demo account and trade in the demo account until your comfortable in doing it then move to real money account. If you run before you can walk with SB it will bite you on the ass.
There is plenty of money to be made.. just remember that your account can be totally wiped out if you do not have enough equity to cover a loosing trade. IG will close all other trades and suspend your account if this does happen.
....regarding message earlier on LEK... not in yet will monitor tomorrow!