For many years people have enjoyed a flutter on horse racing and other sports by going down to the high street bookies and placing a bet. A lucky few have made a few pounds doing just that.
But for a few years now some people have been betting on the financial markets with spread betting company's and it is becoming more and more popular. Spread betting has quietly emerged as one of the fastest growing sectors of the entire financial services industry.
The advantages of financial betting
This can all be done from the comfort of your home or any where in the UK (or the world ) as long as you have access to a phone or the internet.
Although there are many people doing this full time, there is a grate many people doing it part time and making a lot of TAX FREE MONEY.
You need very little time for this kind of betting. Most people only devote a few hours a week most just one hour or even half an hour in the evening.
It is tax free. If you own shares in a company when you sell the shares you will have to pay capital gains tax. But when you spread bet the financial markets you do not own any shares but you are betting on the shares, and currently ( for UK traders ) you do not pay any tax on your winnings.
There are lots of markets you can spread bet on.
As well as individual shares, you can spread bet on Indices, currencies, interest rates and commodities.
You can start trading with as little as 50p a point (depending on which spread betting company you use). Although most part time traders would stake £1. To £3. A point or £5. To £10. a point you can start with 50p a point and increase your stake as you get more and more experienced.
Leverage is a big attraction to spread betting. It provides investors with a degree of gearing. This means that relatively large amounts of money can be won with a fairly small outlay.
You do not need any experience or knowledge of the financial markets.
A lot of people start in financial betting with no previous experience of the financial markets. It is very easy to pick up what you need to know as you go along. Also, you do not need any qualifications.
Many of the most successful city traders have no qualifications.
You do not need a lot of money to make a lot of money because you can use leverage.
If you have a computer with access to the internet you will find it invaluable to access financial information but it is not essential for trading the financial markets. To start with all you need is a telephone.
You can do all your trading over the phone with financial bookies and with most financial bookies you can trade on line if you wish, and most have much more than just the trading platform on there websites. Most spread betting companies (financial bookies) also provide you with market news, charts and much more.
Whether you trade by phone or online you will need to open an account with a financial bookie. (you can open more than one account if you wish). There are two different kinds of accounts to choose from. Cash account or credit account. With some financial bookie you can open a cash account with as little as £100. But with some you would need £5,000. So to start with it would be better to open an account with a bookie who only require a small amount to open a trading account.
Financial spread betting is fast be coming the investment vehicle of choice for many investors and traders. It is a derivative product, meaning that traders trade a price that is derived from the underlying asset, rather than owning the actual asset itself. Dividends are not paid and you do not get any voting rights but there are substantial benefits that underpin why this form of trading the financial markets is so popular.
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