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To succeed at spread betting you need some spread betting strategies you can rely on. The following basic tips for spread betting should help you make profits consistently month after month.

Be In Control
Spread betting is not a game you can win consistently if you are not a stickler for detail and managing your risk. It is true that you can win big by risking just a small amount but conversely you can also lose big. When you have several thousand dollars that you could afford to lose, you can increase your bets from a $1 per point – until then keep to this maximum. Study your historical charts until you are overly familiar with them. Do not make a bet until you are sure a trend is establishing itself. Set your stop losses at at least 10% below the low for the last three months (or another period you think is suitable). Never risk more than 5% of your trading bank.

Know Your Market Fundamentals & Study The Charts
Knowledge is key and you must ensure you know what is happening in your market. If you study your charts and price history moving averages you will give yourself a formidable tool to rely on when making your bets. Trends are friends – use your market knowledge to decide whether prices are going to move up or down and then confirm this trend with your charts and any other available indicators.

Find A Mentor
Going it alone as a beginner to spread betting is probably going to cost you dearly. Most traders who have success in this business still have or did in the past have a mentor. A mentor that has successfully traded and is willing to teach you the ins and outs is invaluable as a spread betting guide. Unless you are very lucky, you will likely have to pay for this mentoring but look at it as an investment in your future success. To keep the costs down, look for a course where you have e-mail access to a tutor so you can ask questions when you get stuck.