Top tips of successful spread betting in 2017
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by Abi Moses on 19th January, 2017
While 2016 gave us the spread betting dramas of Brexit and the Trump vote, 2017 is expected to be just as exciting, with the world of shares, indices, forex, sports, bonds and commodities all worth a look into this year. Having welcomed thousands of new users in 2017 already, we at Spreadbetting.ltd.uk feel it to be our respobsility to educate and inform new users, helping our much-valued website users make the most of their spread bets.
Propped up by a team of sports and financial spread betting expects, they have come together to deliver their top tips for spread betting in 2017; we hope they help!
Trade financial markets you understand - While spread betting welcome bonuses and free bets give online traders some room for risk, as a whole many advise against trading in financial markets that are unknown to them, with a background knowledge playing a protagonist role in spread betting success stories. Our advise would to be starting with markets you understand, limiting the risks involved.
Employ a 'money matters' mindset - Any financial endeavour requires evaluation, looking into cost structure and most importantly, profits obtainable. Finance Magnates applies this to Spread Betting:
'In much the same way, spread bettors will want to be cognisant of the bid-offer spread and the commissions at spread betting companies. Fortunately, there are no commissions with spread bets, but the real cost factor is the bid-offer spread.'
Manage risk through tools such as 'Stop Losses' - A stop loss is used to implement a level at which you can request your trade be closed, should the market move against you and your predictions. This sees you able to calculate and control the risk associated with that particular trade.
Start spread betting today
If you are interested in spread betting in 2017 then be sure to head over to our homepage. There you will find a long list of spread betting brokers to choose from.
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