Why Spread Betting is
an excellent training ground for trading
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Last update : July 2010
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| Absolutely, and in my opinion it's the best training ground because initial trades can be kept small. Plus, many different products can be traded from the one simple account.
Successful trading is as much about experience as anything else, experience of the markets and how they work and experience of the psychological aspect of the game which is equally if not more important.
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| For example, if you've just had a very profitable week you'll no doubt look forward to the following week and be optimistic about your abilities. But if this week has been dreadful and full of losses your mental state is probably going to be markedly different. This is the psychological aspect of the of the markets and trading and its effects can't be discounted.
Finally, my advice as always when starting out is to keep your trades small so if you make a load of mistakes the losses won't be a problem to handle.
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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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