• Episode 5: 3 Simple Steps to Get Started with Spread Betting

  • Nov 10 2021
  • Duração: 3 minutos
  • Podcast

Episode 5: 3 Simple Steps to Get Started with Spread Betting

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  • Sumário

  • If you've been looking around on how to start spread betting, then look no further. In this episode, I'll be showing you exactly what to do and what not to do when getting started. Speaking from my own experience, it can a very daunting task to find out where to begin, especially with all the information out there about financial spread betting. Here, I'll show you how to pick the right broker and more importantly, how to find the right guidance when you're learning how to start online financial spread betting. The first step on how to start spread betting is simply learning as much you can about it from the right person or people. They can either be from books, brokers, products, friends/family members who are traders or what I strongly recommend, financial spread betting seminar programs. They will essentially be your guidance and mentor in your spread betting pursuit. In my experience, having a trading mentor" gets you there much quicker than doing it on your own. A mentor will tell what works and what doesn't, saving you lots of time and grief. In trading, learning on your own is fine but going through mistakes can be quite costly, especially since spread betting is highly leveraged. So, look for a mentor who's been there, knows what they're doing and obviously has been very successful at it. In the long run, it will save you lots of money. With the advent of the internet, smart phones and tablets it's made it easier for people to trade anywhere at any time. There are literally thousands of online spread betting companies around the world and hundreds of trading mobile apps available. So how do you choose the right broker? This is where your mentor comes in, because with their experience they can give you some good recommendations. The benefit is that they would know all the pros and cons between different spread betting brokerage platforms, thus narrowing and making the choice easier for you. So, if you're learning how to start online financial spread betting without the help of a mentor in this area, you'll end up experimenting with multiple broker platforms and waste a lot of time. The final step is simply getting started and choosing your markets to trade. Again, this is where your mentor comes in as they'll be able to advise you on which market has been successful for them and which hasn't been. Whether your mentor has is more fundamental-based or technical-based, their knowledge and experience is absolutely crucial here. It's best to learn what's worked for them and do the exact same thing to see if you produce the same results. That's the key to success. Once you get the hang of it, you can start to move to the markets of your choice. At that stage, you'll likely come up with your own strategies and tactics on trading. Knowing how to start spread betting comes down to getting the right mentor and guidance. It may not be easy to find one at first but there's no reason not to look. There are many spread trading guides on the internet that can get you started or alternatively, attend a financial spread betting seminar near you. Getting the right mentor is the difference between a successful trader and an unsuccessful one.
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