If you’ve read my articles you should be on your way to understanding spread betting. Spread betting is a relatively simple concept, but of course if it were that simple everyone would be doing it and making lots of money. The key is to start small and practice and practice again using leverage very conservatively in the beginning.
First make sure to follow and subscribe to Spread Betting Magazine. This magazine includes some excellent articles every month from a wide range of experts including one of my favourite traders in the United Kingdom, Robbie Burns, aka The Naked Trader.
Next, is to start trading for real; irrespective how many books and seminars you read nothing will come close than the actual trading experience. We’ve teamed up with some of the industry leading spread betting companies to offer you a selection of great places to start trading. The below companies have been around for a while, are well respected within the industry, and of course are regulated by the FSA for your peace of mind.
- Vast range of markets to speculate on, including Small Caps
- Fantastic range of mobile dealing platforms (Android, iPhone & iPad, Blackberry, Windows)
- Video tutorials, market analysis, and occasional free live seminars you can attend
- Good trading applications and a leader in their field
- Spread Betting and CFDs
- Bux offer StockPulse; a Market Sentiment Tool that automatically analyses thousands of tweets, comments, news and message board posts and gives out signals.
- Dividends on shares at Bux Markets are paid at 100% (unlike other spread betting providers who may pay 80% or 90%)
- Overnight financing charged only on the borrowed amount.
- Demo spread betting account available with variable leverage so that you always retain control.
- No negative balance policy so you will never risk more than the amount you deposit.
- Free insurance policy which protects client deposits in personal accounts for up to £500,000 and thereby goes far beyond the existing Financial Services Compensation Scheme (FSCS) guaranteed capital threshold.
Why CoreSpreads & Bux? No particular reason, other than these are the two spread betting platforms I tend to use, and by comparing the two different platforms we can also see how things have been implemented differently, but essentially with the same underlying principles and concepts.