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FAQ Page 1 - Question 11

Q: Is successful financial spread betting a matter of putting in the hours and following prices all the time?

A: Not necessarily, and I'm starting to think that the less work one does, the clearer the picture may well become. Of course if you're a day trader then you should follow things more closely.

The reason for my thoughts on less is more are being influenced by the great John Maynard Keynes. To many he was nothing but an economist but if you look beyond his Dictionary definition you'll see that he was a very successful speculator - and how many economists can you say that about!

So how did he amass his great wealth in the markets? Simply by studying the markets for 30 mins each morning --IN BED. Perhaps this strategy let him see more of the forest rather than the trees. Too many people these days are obsessed with day-trading and ultra short term trading but those strategies tend only to make the brokers rich. Try instead on focus on the longer term moves, they're often easier to spot and make money off but you've got to learn to be patient and wait for markets to set up nicely.