About eight years back, I started to notice that some friends of mine had left their jobs but continued to live very luxurious lifestyles - apparently without doing very much. I thought they must simply be using up their savings till I found they were all making an incredible living by spending just a few hours a week doing something I had never heard of before - "financial spread betting".
More and more people are now becoming familiar with the phrase "financial spread betting". Once, the sole preserve of City Whiz kids or sophisticated gamblers, financial spread betting is currently becoming more popular as a wonderful means to earn a very sizeable tax-free income without the risk of losing the shirt off your back!
Exactly why is financial spread betting becoming so popular. Well, with a little bit of understanding and practice, ordinary people, with no prior experience, can generate enormous sums while controlling their risks and limiting their losses. You do not even require a stockbroker or a city dealing account to get involved. An on-line account is very simple to open and anyone with internet access can do it.
Spread betting, a.k.a. futures trading, is simple to comprehend if you follow a simple index much like the FTSE 100 or the DOW JONES.
In basic terms, this is how it works:
When you buy a 'future', you take a position on what you think the index (e.g. the FTSE 100, or the DOW ) will be at some future date - e.g. June 2005. Let's say the FTSE is presently at 5200 and you think it'll rise over the next 3 months as 'terrorist fever' abates. You would buy the June FTSE at (say) GBP10 per point. For each point it rises, you make GBP10. If it goes up 100 points, you make GBP1000. Certainly, if you get it mistaken and the index falls by fifty points (say), you lose GBP500.00.
You need, naturally to be extremely conscious of the risks before you get involved. Just like any investment or business, you can lose money. If, naturally, you are a timid, cautious individual, then it's certainly not for you. But when you have some money to play with, and aren't risk adverse, then financial spread betting is the one of the best possible ways you can make a great deal of money completely tax free and there are brilliant ways of limiting your losses so you never lose more than you can afford.
Unlike almost all businesses, it is possible to get involved with an absolute minimal outlay and take a position without buying a single thing. You do need to 'back' your position with a particular amount of cash, but this is 'insurance' money, NOT stake money.
The ideal thing is you can try it for free without any risk at all. You can 'dry trade' with 'monopoly' money until you get a feel for how it works and are confident enough to begin using real money.
Financial spread betting is now so popular mainly due to the relationship between risk and capital. It is highly leveraged and you can make large profits with just a limited amount of capital and risk. The fact that there is (not like with most investments) no stamp duty or tax likewise helps make it extremely attractive.
So if you are of the right temperament, spread betting could be an extremely lucrative means of making an incredible income in your spare time. But be warned, if used recklessly or without the correct knowledge, it could result in big losses.
More and more people are now becoming familiar with the phrase "financial spread betting". Once, the sole preserve of City Whiz kids or sophisticated gamblers, financial spread betting is currently becoming more popular as a wonderful means to earn a very sizeable tax-free income without the risk of losing the shirt off your back!
Exactly why is financial spread betting becoming so popular. Well, with a little bit of understanding and practice, ordinary people, with no prior experience, can generate enormous sums while controlling their risks and limiting their losses. You do not even require a stockbroker or a city dealing account to get involved. An on-line account is very simple to open and anyone with internet access can do it.
Spread betting, a.k.a. futures trading, is simple to comprehend if you follow a simple index much like the FTSE 100 or the DOW JONES.
In basic terms, this is how it works:
When you buy a 'future', you take a position on what you think the index (e.g. the FTSE 100, or the DOW ) will be at some future date - e.g. June 2005. Let's say the FTSE is presently at 5200 and you think it'll rise over the next 3 months as 'terrorist fever' abates. You would buy the June FTSE at (say) GBP10 per point. For each point it rises, you make GBP10. If it goes up 100 points, you make GBP1000. Certainly, if you get it mistaken and the index falls by fifty points (say), you lose GBP500.00.
You need, naturally to be extremely conscious of the risks before you get involved. Just like any investment or business, you can lose money. If, naturally, you are a timid, cautious individual, then it's certainly not for you. But when you have some money to play with, and aren't risk adverse, then financial spread betting is the one of the best possible ways you can make a great deal of money completely tax free and there are brilliant ways of limiting your losses so you never lose more than you can afford.
Unlike almost all businesses, it is possible to get involved with an absolute minimal outlay and take a position without buying a single thing. You do need to 'back' your position with a particular amount of cash, but this is 'insurance' money, NOT stake money.
The ideal thing is you can try it for free without any risk at all. You can 'dry trade' with 'monopoly' money until you get a feel for how it works and are confident enough to begin using real money.
Financial spread betting is now so popular mainly due to the relationship between risk and capital. It is highly leveraged and you can make large profits with just a limited amount of capital and risk. The fact that there is (not like with most investments) no stamp duty or tax likewise helps make it extremely attractive.
So if you are of the right temperament, spread betting could be an extremely lucrative means of making an incredible income in your spare time. But be warned, if used recklessly or without the correct knowledge, it could result in big losses.
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Getting the best information on Spread betting is no easy task nowadays. If you are looking for more information on Spread betting, then I suggest you make your prior research so you will not end up being misinformed, or much worse, scammed. If you want to know more about Spread trading, go here: Spread trading
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