I have got a confession to make. I have an agenda when writing this text. My agenda is to attempt to put you off wanting to start monetary spread gambling. Yes you read that right, I would like to put you off.
So why do I want to put you off? Well I don't actually but all I read are articles about how good fiscal spread gambling is. They'll put in a line about why it is dodgy at the end but that is all they do. I've been guilty of this myself before I believe. If after reading this you consider it to be an excellent idea then go for it.
OK so let's commence with the bad points...the first is you are likely to be rubbish at it when you start. You are very unlikely to be worthwhile in your first year. Can you handle that? Will you be able to take losing and accept accountability for it and not blame the market? Other traders will earn cash when you lose so it isn't the market that's at fault.
So you made it thru the 1st year of finance spread betting with some capital in tact. Well done as some manage it. Guess what? Simply because you made it through does not imply that you sure to make a lot of money. Only a few traders and the brokers make the big money. If you are barely breaking even then you are doing ok.
To be one of those successful traders then you want to put the time in. This isn't an easy way to make a livingit is difficult work. You want to like doing money spread betting or you're going to fail. Just think irrespective of how many hours you put in, there is likely to be somebody out there who puts in more.
So you're still with me at about that point which is good. The next headache, which is a totally new article in itself, is how to select from the masses of monetary spread betting companies in the market.
So why do I want to put you off? Well I don't actually but all I read are articles about how good fiscal spread gambling is. They'll put in a line about why it is dodgy at the end but that is all they do. I've been guilty of this myself before I believe. If after reading this you consider it to be an excellent idea then go for it.
OK so let's commence with the bad points...the first is you are likely to be rubbish at it when you start. You are very unlikely to be worthwhile in your first year. Can you handle that? Will you be able to take losing and accept accountability for it and not blame the market? Other traders will earn cash when you lose so it isn't the market that's at fault.
So you made it thru the 1st year of finance spread betting with some capital in tact. Well done as some manage it. Guess what? Simply because you made it through does not imply that you sure to make a lot of money. Only a few traders and the brokers make the big money. If you are barely breaking even then you are doing ok.
To be one of those successful traders then you want to put the time in. This isn't an easy way to make a livingit is difficult work. You want to like doing money spread betting or you're going to fail. Just think irrespective of how many hours you put in, there is likely to be somebody out there who puts in more.
So you're still with me at about that point which is good. The next headache, which is a totally new article in itself, is how to select from the masses of monetary spread betting companies in the market.
About the Author:
Are you looking to find out more information on financial spread betting? Should you then make sure you check-out our blog. We'll let you know easy methods to minimise possible risks and pick out from one of the many spread betting accounts which you'll find to choose from.
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