Spread Bets can be used
for longer term trading
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Last update : July 2010
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| Spread Bets are excellent tools for trading the markets with a longer term perspective and personally I'm surprised more people don't take advantage of them for this use.
Many short term and day traders struggle to make money over time, not because they continually lose money on their trading positions, rather that the cost of doing business eats into their profits with a vengeance.
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| Yes, Spread Bets don't levy commissions but the bid-offer spreads are normally far from cheap.
Some advantages to longer term trading include -
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- Less pressure
- Far cheaper dealing costs because less trading is done
- Not chained to the screen watching every point up and down
- Generally easier to trade as you're focusing on the bigger picture and not the everyday market noise and hype
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| The importance of getting the right spread bet broker |
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There are good spread bet brokers and bad ones. Having a good broker won't guarantee you profits but a bad broker will probably lead to losses as a combination of their gamesmanship and suspect software takes its financial toll.
So who do I recommend? Simple, the 2 brokers I personally use for my own spread betting. Read this page for more details.
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FREE Report - How to Learn Spread Betting and Prosper
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How to build the all-important trading experience
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Where to get trading help and advice
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Which broker to use and why
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Simple 2 month training plan to follow
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Download the FREE report |
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Read more in the Spread Betting section:
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