Spread betting

[LD1Racing]

How big is yours? (account I mean)

I know there are a few on here who do, just wondering what kind of account sizes you use, and what sort of bet sizes and returns you generate. I have been going for around 4 months now, starting with a very small amount and building daily. I'm usually betting 0.5% of my account per point, and have averaged around 5% a day since starting (stopping on +10% and -5%).

Mods: feel free to move this to the business section.
Cheers!

Edited by LD1Racing on Friday 9th January 18:59

[Digga]

Just starting - keeping things (after a few rash moments intially) small and controllable!

[300bhp/ton]

If you can't afford to lose it, don't bet.

- I used to work for a Spreadbetting company, I've seen what can happen.

[2 sMoKiN bArReLs]

Never ever ever bet £2,000 a corner, buying at 18. It really ruins the game.

[LD1Racing]

300bhp/ton said:

If you can't afford to lose it, don't bet.

- I used to work for a Spreadbetting company, I've seen what can happen.

Don't worry, I've wasted money on far sillier things in the past. Like I said, my initial deposit was very small and I have just been growing my account.

[Digga]

So far, my worst spread betting calamity's worked out far less painful on the wallet than a venture off the blackstuff on a sprint or hillclimb. Less exciting tough too!

[B17NNS]

I'm interested in having a go at this myself.

Anyone got any recommendations on a site to use?

[ShadownINja]

www.igindex.co.uk

if you do sign up, can I tell them so I get a free book?

[LD1Racing]

B17NNS said:

I'm interested in having a go at this myself.

Anyone got any recommendations on a site to use?

I use ODL markets. Opened an account with CMC markets but didn't like the interface much - not enough charting options (with odl charts open in a different window and you can add various indicators if that's your thing). I use ADVFN for level 2 data and have on online FT subscription too.

[300bhp/ton]

B17NNS said:

I'm interested in having a go at this myself.

Anyone got any recommendations on a site to use?

Sports or financials?

[B17NNS]

300bhp/ton said:

Sports or financials?

Financial

[300bhp/ton]

B17NNS said:

300bhp/ton said:

Sports or financials?

Financial

If you want larger stakes and a credit account try here: http://www.spreadex.com/index.aspx but risks are higher and potential for more loss.

Smaller spreads but no credit (so you only risk what you have) try here: http://www.shortsandlongs.com/


You won't need a credit check for Shorts and longs, but you will for Spreadex.

[Somewhatfoolish]

That shortsandlongs website has to be printing money, the only people who could possibly tolerate it would be the same demographic who have blue underfloor lighting on their saxos...

[Horse_Apple]

I'm intrigued by the number of people who reckon they have £100K on their trading account.

15 years of professional experience kind of makes me think that the survey contains a very large chunk of rogue data

[300bhp/ton]

Horse_Apple said:

I'm intrigued by the number of people who reckon they have £100K on their trading account.

15 years of professional experience kind of makes me think that the survey contains a very large chunk of rogue data

Depends who you ask. I've seen client data with accounts of several 7 digit figures.

[limpsfield]

300bhp/ton said:

If you want larger stakes and a credit account try here: http://www.spreadex.com/index.aspx but risks are higher and potential for more loss.

Smaller spreads but no credit (so you only risk what you have) try here: http://www.shortsandlongs.com/


You won't need a credit check for Shorts and longs, but you will for Spreadex.

Same companies. Can someone tell shortsandlongs that the 80s wants its web site back

[timskipper]

300bhp/ton said:

Horse_Apple said:

I'm intrigued by the number of people who reckon they have £100K on their trading account.

15 years of professional experience kind of makes me think that the survey contains a very large chunk of rogue data

Depends who you ask. I've seen client data with accounts of several 7 digit figures.

Likewise. My company did some development work on the back office accounting systems for a major player in the sports spread betting industry during the summer and I saw some numbers that made your eyes water (especially as they had minus signs in front of them!). The proportion of people making a profit was really very small.

[300bhp/ton]

limpsfield said:

300bhp/ton said:

If you want larger stakes and a credit account try here: http://www.spreadex.com/index.aspx but risks are higher and potential for more loss.

Smaller spreads but no credit (so you only risk what you have) try here: http://www.shortsandlongs.com/


You won't need a credit check for Shorts and longs, but you will for Spreadex.

Same companies. Can someone tell shortsandlongs that the 80s wants its web site back

Not sure what you mean?