Essential spread trading tips. www.spread-betting.com spread betting has a lot to offer for traders and investors. The following tips will help you with your financial spread betting -: • If you are starting out, stick to one instrument to master your strategies — For instance, you might choose the FTSE, or the GBP / USD. • Make sure you familiarise yourself and research the market you intend to trade. • Trade with the trend. Trade as close as you can to support or resistance breakout. Buy on dips near support. Sell on rallies near resistance. • Don’t open trades on a hunch or instinct. • Develop a trading plan. Trade the plan with discipline. • Don’t think you just have to day trade — look longer term, say, three to six months ahead and live with the extra spread that brings, the extra is tiny in reality. • Testing and refining your financial spread betting strategy can be a lengthy process. • KISS! Keep your trading plan simple. • Develop a money management system. • Always make use of automated stop loss orders, mental stops don’t work. • Finally, don’t chase price; buying when price is extended increases your risk astronomically — If you miss it or are late, let it go. There’s always another chance.
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