Spread Betting - Trading Shares For A Living
Below is a MRR and PLR article in category Reference Education -> subcategory Weather.
Spread Betting: Trading Shares for a Living
Introduction
Trading shares through spread betting is not just a hobby for me?"it's a way of life. Over the years, I’ve set and achieved numerous goals, each bigger than the last. This continuous growth reassures me that I'm on the right path. While many advise keeping goals realistic, I believe that if a goal is achievable, it's not unrealistic. Let me share my journey, which began in 1998.
My Trading Journey
I first tasted success in the stock market when I made over £30,000 on paper. I started investing in shares in 1998, and the thrill led me to day trading. Initially, I lost around £4,000, but I persevered, setting a target to make £100,000. Focusing intently, my fortunes shifted from losses to gains. I then ventured into spread betting and got closer to my £100,000 goal in just a few months.
The tech boom had me feeling invincible, and I even skipped university?"where I was pursuing a psychology degree?"to trade. However, when the tech market crashed, I was unprepared and ended up bankrupt, owing £65,000. Despite the setback, I graduated in 2000 with both financial wisdom and a degree, marking a turning point in my life.
Learning from Mistakes
Over the past four years, I've immersed myself in trading education. I've devoured books, attended seminars, and learned extensively about financial spread betting. Attending Vince Stanzione’s seminars and workshops with industry experts like Ed Downs and Martin Pring, I fell in love with the learning process.
A New Approach to Trading
Armed with knowledge, I've returned to spread betting with a disciplined, business-like approach. Trading is now almost a full-time pursuit, and I've launched a website to document my daily trades. This platform serves to demonstrate that making a profit from spread betting is achievable. While I share my trades, I don't encourage anyone to blindly follow my moves, as prices can change quickly.
Building a Community
The website aims to foster an online trading community. As CEO Andy Richardson remarked, "The goal of this new website is to create a space where people can get advice, connect with other traders, and share experiences." We plan to form regional groups and promote the industry more economically.
The Benefits of Spread Betting
Spread betting offers a tax-free, cost-effective alternative to traditional trading. It allows you to speculate on stock movements without a broker, saving on commission and fees. UK residents enjoy the added benefit of tax-free profits, avoiding Capital Gains and Income Tax. This flexibility makes it ideal for maximizing profits in volatile markets.
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Spread betting has evolved from a personal journey into a structured, rewarding pursuit. By sharing my experiences and connecting with others, I hope to inspire and demonstrate the possibilities of trading for a living.
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