Three warm up exercises for new spread betters – MoneyWeek

Thatsbecausewithspreadbetsyoucanmakemoneyaseasilyfromfallingpricesasrisingones。

Andyoucanmakeitquickertoo。

NoticehowamajorindexsuchastheFTSEwillhappilydrop5%inadayatthemoment,andthentakeitstimeclawingitswaybackup。

ForindividualsharessuchasSocGen,thedropshavebeenevenmorepronounced。

Butbeforeyourushofftoopenafulltradingaccountwithyourbroker,herearethreegoodwaystolimberupsothatyourfirstfewtradesdontputyouoffforgood。

Usefreedemoplatforms

Mostbrokerswillletyouplayaroundwithafewphantombetsbeforeyougolive。

Thatmeansyoucanexperimentwithbetsizesandorderstyleswithoutriskingyouownmoney。

Takeadvantageofthisopportunity。

Trymini-bets

AtCityindexyoucanplacebetsaslowas25pperpoint(apointistheminimummovementintheunderlyingindexorsharerecognisedbyyourbrokerforsettlinguptrades)forthefirstmonth。

Thiswontmakeyourichbutdoesgiveyouthechancetogetusedtotradingavolatilemarketwithoutbettingthefarm。

Usespreadbettingforums

Forexampleatspreadbettingcentral。

co。

ukyoucanpickupallthelatestTwitterfeedsrelatingtospreadbettingplusthelatestarticlesbeingpostedontheweborinthemedia。

Themoreyouread,thebetteryoullbeequipped。

Sure,noteverythingthatspostedonblogsitesorTwitterisworthreading–farfrom!

Buteithercanbeagreatsourceofnewtradingideasortipstohelpkeepyououtoftrouble。

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