Discussion
IMO day trading is alot safer.
However you can still lose money.
The disadvantages are that you are likely to gain (lose) less money in day trading than you are in spread betting.
It would be my choice.
Unless you can tie the money up for a longer period and invest in something more longterm.
>> Edited by bigbaddom on Wednesday 2nd February 17:01
However you can still lose money.
The disadvantages are that you are likely to gain (lose) less money in day trading than you are in spread betting.
It would be my choice.
Unless you can tie the money up for a longer period and invest in something more longterm.
>> Edited by bigbaddom on Wednesday 2nd February 17:01
rico said:
It's all about risks
Spread Betting = Large Risk = Large profits or large loss
Day Trading = Smaller Risk = Smaller Profits or Smaller loss.
Not true. The inherent risk is what you make it. If you do a day trade on for example Shell, put £1,000 in your acount and leverage yourself up 10x looking for a 5 point move this is obviously riskier than buying an up bet on spread betting at £1 per point, with a 3 month view.
It is an oft-quoted stat that 90% of new traders will lose and give up in the first year. It is one of those things that you look at and think "how hard can it be". Answer - just try it...
CMC have a dummy platform you can use to paper trade for a month - www.deal4free.com
>> Edited by limpsfield on Thursday 3rd February 11:15
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