FTSE Spread Betting Tools
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The FTSE 100 is experiencing large price changes with 50+ point swings on a daily basis and a 400 point drop in June. The key question is: How to make money by spread betting on the FTSE 100?
A good place to start is to make sure you are trading with as few costs and as much real time information as possible.
Trade Tax Free, Trade Commission Free
- Make sure you trade for free. Most spread betting companies let you trade a wide range of markets such as Indices like the FTSE 100, Crude Oil, Individual Stocks and Shares etc without any commission or brokerage fees
- Tax Free Trading. If you spread bet on Index markets you get all the normal spread betting benefits and any profits you make from trading Indices, whether you buy or sell, are tax free*
Free Charts, Real Time Pricing and Value for Money Spreads
- When trading for real make sure you have got instant access to real-time prices. In the old days prices were sometimes made available via TV Text services. Clearly the internet offers a lot more options and genuinely instant access. Access to the prices is generally available for free however you need to open a spread betting account (free) in order to access them
- A very useful tool that a good number of traders rely on for their analysis is the live Chart. Again you can often get these for free with companies like Financial Spreads (once you have an account). Put simply, a spread betting company will offer individual charts for each of the thousands of markets that they offer prices on. You can alter each chart by time, zoom in by the minute, add trend lines etc
- The FTSE prices can change rapidly and it can be difficult to compare prices between the various companies. To give you a head start websites like CleanFinancial.com let investors compare the spreads on the key markets
User-friendly Software
- These days there are plenty of trading platforms to choose from and most are web based so you do not have to mess around with downloading and installing any software. There are a number of good all round products like the one at Financial Spreads that offers demo accounts, free real time charts, real time pricing, a user friendly interface, fast trading, 0% commissions, 0% brokerage fees and a range of trading orders such as stop loss orders, limit orders, one-cancels-the-other orders etc.
Without the right tools you might as well transfer your hard earned income straight to the spread betting companies’ bottom line. With the right tools you have a much better chance of making a profit. A tax free profit*
"FTSE Spread Betting Tools" written by RThomas, last updated 25-Aug-2008
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