Boost Your Income With Financial Spread Betting

About 6 years ago I started to notice that certain friends of mine had quit their jobs but continued to live very luxurious lifestyles - seemingly without doing very much. I thought they must just be using up their savings until I discovered they were all making a fantastic living by spending just a few hours a week doing something I had never heard of before - "financial spread betting".

More and more people are now becoming familiar with the phrase "financial spread betting". Once, the sole preserve of City Whiz kids or sophisticated gamblers, financial spread betting is now gaining in popularity as a great way to earn a very sizeable tax-free income without the risk of losing the shirt off your back!

So why is financial spread betting becoming so popular. Well, with a bit of understanding and practice, ordinary people, with no prior experience, can earn enormous sums whilst controlling their risks and limiting their losses. You do not even need a stockbroker or a city dealing account to do get involved. An on-line account is very simple to open and anyone with web access can do it.

Spread betting, aka futures trading, is easy to understand if you stick to a simple index like the FTSE 100 or the DOW JONES.

In basic terms, this is how it works:

When you buy a 'future' you take a position on what you think the index (e.g. the FTSE 100, or the DOW ) will be at some future date - e.g. June 2005. Let's say the FTSE is currently at 5200 and you think it will rise over the next three months as 'terrorist fever' abates. You would buy the June FTSE at (say) £10 per point. For every point it rises, you make £10. If it goes up 100 points, you make £1000. Of course, if you get it wrong and the index falls by fifty points (say), you lose £500.00.

You need of course to be very aware of the risks before you get involved. As with any investment or business, you can lose money. If, by nature, you are a timid, cautious person, then it is definitely not for you. But if you have some money to play with, and aren't risk adverse, then financial spread betting is the one of the best possible ways you can make a great deal of money completely tax free? and there are clever ways of limiting your losses so you never lose more than you can afford.

Unlike most businesses, it is possible to get involved with an absolute minimal outlay and take a position without buying a single thing. You do have to 'back' your position with a certain amount of cash, but this is 'insurance' money, NOT stake money.

The best thing is you can try it for free without any risk at all. You can 'dry trade' with 'monopoly' money until you get a feel for how it works and are confident enough to start using real money.

Financial spread betting has become so popular primarily because of the relationship between risk and capital. It is highly leveraged and you can make huge profits with only a limited amount of capital and risk. The fact that there is (unlike with most investments) no stamp duty or tax also helps make it extremely attractive.

So if you are of the right temperament, spread betting can be a very lucrative way of making an amazing income in your spare time. But be warned, if used recklessly or without the correct knowledge it can result in large losses.

Gary Anderson
http://www.spreadbettingsecrets.com

Gary Anderson is the author of "Betting On A Fortune" the best selling book on how to make money from financial spread betting.

To get a FREE COPY of Gary's course "7 Steps To Successful Spread Betting", visit http://www.spreadbettingsecrets.com

---

The Cost of Green Eggs and Ham

Young readers know that March 4th is the birthday of... Read More

Can Using Sales Leaseback Method of Investment Property Acquisition Reduce Risk?

Sales Leaseback compared to traditional property investmentCan a Sales Leaseback... Read More

Find Your Investing Soulmate on the Jersey Turnpike

As a followup to a previous column, "Irreconcilable Differences," I... Read More

Buy: Hold: Sell: Jump

I'm sitting here at my computer desk with a cup... Read More

Why the Rich Keep Getting Richer

Rich people: fortunate, lucky, selfish, and arrogant? Or highly educated,... Read More

25 Ways to Find Companies to Buy

When you start your program to purchase your "ideal" company,... Read More

Investing In Sons Business Could Cause A Real Family Feud

Q: My youngest son wants to borrow $5,000 to start... Read More

Time is Money and We Are Running Out of Both!

One of the fundamental principles of finance is the concept... Read More

Lessons in Transition

Q: What have been the most successful approaches to attracting... Read More

Keeping It Interesting

Some lines from a movie never leave your mind; I... Read More

Oil and Gasoline Price Uncertainties

The Light Crude Continuous Contract hit an all-time high at... Read More

Dont Catch a Falling Knife

One of the most common mistakes made by inexperienced investors... Read More

How To Create Wealth In The Stock Market

First and foremost, an opportunistic strategy for creating wealth in... Read More

Asset Allocation Lessons: The 70% Inflation Solution

For investors only... and for speculators who need to invest... Read More

Need To Trade!

You don't HAVE to be trading.As a novice trader, you'll... Read More

Scots Beat Yanks in China Bank Deal

With visions of an ATM in every neighborhood in China,... Read More

Short Term Savings Products

When you invest, it simply means that you are putting... Read More

The Power of Small Numbers: Trading Success is Based on Consistency, Not Home Runs

Online trading is so seductive - just sit, click, and... Read More

Retire Dollar Smart

Jim Miller is a registered investment advisor. This means that... Read More

Why Should I Use Penny Shares to Build Wealth?

A strategic question. Why indeed?1. A penny share would usually... Read More

Commodities - The Next Big Wave of Fortune Building

Have you often wished you could have got in on... Read More

Inflation Proof Your Investment Portfolio with ETF?s

Even though inflation has been relatively quiet in the U.S.... Read More

Investing in Car Dealerships: How to Do It Right

The financial characteristics of the automobile dealership are attractive:". .... Read More

July 2005: Hurricane Forecasts for Weather Traders

Tropical Storm Arlene formed as a tropical depression on June... Read More

Delist My Corporation Please

It use to be said that once a company was... Read More

Chinas Inscrutable Currency Strategy

Purpose: Expose Opportunities for Smart InvestorsThe move by China's central... Read More

Investing for Retirement - Not an All or Nothing Play

In 1519, Hernando Cortes, beached on the shores of unexplored... Read More

Invisible Mutual Fund Fees Erode Your Returns!

Many investors think that investing in mutual funds is free.... Read More

An Economical Retirement Investment Plan

The practice of economy, directed toward a retirement investment plan... Read More

Trading Expert Discovers Ways To Beat Stock Market Odds With Money Management

The first point to mastering money management is that you... Read More

Eight Questions to Ask Your Financial Advisor

You may like your financial advisor, but is he really... Read More

Love The Thrill of Risk? Invest in an Annuity!

With the stock market in steep decline, people are looking... Read More

Keep Stock Market Investment Profits

Have you had one of those huge investment winners ?... Read More