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FAQ Page 1 - Question 02

Q: Are there any secrets to spread betting?

A: Not really, but here's some free, logical and sensible advice which will be especially valid for the new spread betters;

1. Understand what you're doing when spread betting. You'd be amazed at how many clients lose money because they didn't fully understand what they were doing. Do you think a professional would ever say something like 'oh I didn't realise that could happen'?

2. Understand the risk/reward ratio, and how successful spread betting and trading in general is more about managing and taking care of risk rather the rewards on offer

3. Use common sense and try and keep things simple

4. If you're new to spread betting START TRADING IN SMALL AMOUNTS. If Jonny spread better has £10,000 to open an account with, he should deposit just £1,000 and learn the ropes. Then when more confident (most probably after 3-6 months) deposit more money

5. Be DISCIPLINED - Take your losses when you're supposed to take them (use stop losses). Take you're profits when you're supposed to take them. Only trade when you're supposed to. Don't trade when you're not supposed to.