Spread Betting – How to Go Bad Fast?
As I write this message I have a slight headache and my wallet is empty. in the past four weeks I lost nearly £30,000 in spread bets for about an hour a day, 5 days a week. So I can blow about 1500 pounds per hour. That’s a real chunk of cash. It’s really not as bad as it looks. Luckily, I bet using a few betting company’s demo sites. These are simulations of live betting sites that allow you to practice before you start betting real money. I know I’m not a financial genius. Otherwise I would have been rich a long time ago. However, the fact that I was able to squander so much money so quickly begs the question – if spread betting seems simple? Why were so many people eliminated so quickly? 메이저사이트
We see t was created for spread betting in investment and money management publications. in the one that i applied Four or five different betting companies run full-page color ads each week. which is more than any other type of advertisement Scatter betting ads are ubiquitous in the business section of many weekend newspapers. and may soon start appearing in the personal finance category. Spread betting may seem attractive to many keepers. Ultimately, money in the bank, stocks, or mutual funds will give us about 5 percent per year at best before taxes. A reasonable spread bet can let you keep ten percent weekly – five hundred percent annually – completely tax-free and graceful. So spread betting allows you to earn income in just one year which takes a hundred years or more to be successful with most investments.
Spread Betters Gamble on price movements from individual stocks, currencies and commodities to entire markets such as the FTSE, Dax or S&P. It’s called spread betting as service companies make most of their money by placing additional spreads. according to the price at which something is bought or sold
Spread betting seems to have many advantages compared to traditional investing:
You don’t have to buy anything – allowing you to bet on price movements without having to buy underlying assets like stocks, commodities. or foreign exchange
no tax when you buy or sell stocks receive dividends or receive interest from the bank You will have to pay taxes, such as stamp duty, capital gains. and income tax Unless spread betting is your full time job and the only source of income. There are no taxes to be paid as it is considered gambling.
You can go long or short when you spread bets. You will earn as much as whether the price will go up or down by letting you guess the direction correctly For most other investments, you have to make the price go up before making a profit.
You can place both up and down bets at the same time – if FTSE e.g. trades at 5551-5552, you can place two bets, one on which the price will go up and the other on which the price will fall. These are only triggered when the FTSE actually moves. So if it starts Your bet that it will increase will be triggered. Similarly, if it decreases Only your bets that will be settled will be triggered. It seems that rain or shine, you should win.
Huge Leverage – If you bet £50 per pip (a pip is usually the minimum price movement you can wager on), you can easily win four or five times your original stake. If the price moves in the right direction In really good bets you can win more.
You can wait for a breakout – the prices of stocks, currencies, commodities, and lots of other things that people bet on often experience moments of stability. This is followed by a spurt of upward or downward movement. which spread calculators call ‘Breakout’ You can place bets that will only be activated when the breakout reaches
Loss Limits – You can place conditions on your bet to prevent losses from exceeding your chosen level. If your bet goes wrong
You can modify the play midway – for most bets like horse racing or roulette. When the match starts or the croupier calls ‘No more bets’ You will have to wait helplessly to see if you win or not. You can choose to close your bets at any time. So if you precede You can win. If you can’t keep up You can either cut your losses or wait in the hope that things will turn out right. will change and you will rise again
With all the features of spread betting It should be pretty easy to make a fair amount of money without too much effort, if only.
Industry estimates indicate that approximately ninety percent of spread providers lose most or all of their funds and close their accounts within three months of inception. Eight percent or more seem to be making a reasonable amount of money on a regular basis. And about two percent of spreaders make money. I’ve been to a few presentations run by spread betting companies. and one of them Salespeople leave more than eighty percent of customers.