Spread betting at companies such as Spread Co, like any other form of gambling, involves risk with many losing bets being made on the way to making a consistent profit but keeping these risks as low as possible is the key to successful spread betting.
Here at Trading Game we have put together a brief guide to minimising risk when spread betting to help you on your way.
There are numerous events taking place across the world tomorrow which will have an impact on global Forex markets. As these events can play an important role in raising or lowering the value of currency pairs, we have listed Friday’s Key Global Events to give your trading an edge ahead of the weekend.
Traders at Spread Co and other online Forex brokers across the globe could benefit from events focussed around JPY, USD, EUR and CAD currency pairs, which is why we are keeping you up-to-date with this vital information.
Following the extended weekend due to the Easter holidays traders at sites including Spread Co saw commodities rally as the US dollar felt the pinch, with Crude Oil, Gold And Silver Experiencing Brisk Trade On Monday. Both gold and crude oil rose to record highs today with Nymex crude oil prices rising to a 17-month high.
Oil trading resumed in a brisk fashion after the Easter holidays with investors speculating that demand for ‘black gold’ will increase as the world economy starts its recovery from the global recession witnessed over the last couple of years. The price of crude oil for delivery in May rose by well over $1.00 during the extended weekend, climbing as high as $85.97 a barrel during after-hours electronic trading on the New York Mercantile Exchange. This is crude oil’s highest value since the 9th of October 2008.
Commodities traders at sites such as Spread Co saw Oil Prices Reach A 17-Month High today following encouraging reports from the Eurozone and China which both displayed exceptionally strong purchasing managers’ indexes (PMI’s). These economic reports encouraged the markets to drive the price of oil to new highs. These oil prices were made all the more impressive by the fact that there were very thin trading volumes ahead of the Easter holidays.
The price of crude oil climbed to new highs in the US. commodities traders at Spread Co saw New York’s main contract, light sweet crude for delivery in May, climb in price by 70 cents to $84.46 per barrel. Across the Atlantic London’s Brent North Sea crude for delivery in May rose in price by 74 cents to $83.44 per barrel.
Spread Co is one of the world’s leading spread betting companies with offices around the world and investors from across the globe place spread bets worth millions of dollars every week you will find More Than Just Spread Betting At Spread Co. This leading spread betting company also offers Forex and CFD trading too, all offered from the same easy-to-use trading platform using the same account.
Forex trading at Spread Co:
You can trade a huge range of currency pairs at Spread Co, with some of the tightest prices found anywhere on the internet. The trading platform found at Spread Co can be tailored and customised to suit your exact needs, allowing you to trade Forex in complete comfort and with absolute confidence. All trades that you make are recorded and Spread Co offers complete transparency through their daily and monthly statements, allowing you to keep track of your investments.
The fluctuations in the value of one country’s currency over another has offered forex traders the opportunity to profit for some years now but there’s also another lucrative way to invest in foreign currencies, by Spread Betting On Forex Markets. In recent years more and more investors and traders at spread betting companies like Spread Co are betting on the value of particular currency pairs going up or down as opposed to actually trading forex.
There are many reasons for the rise in popularity of spread betting on forex markets but the most obvious reason for the UK investor to make spread bets over forex trades is the tax relief experienced by people making bets in the UK. Spread betting is categorised as gambling in the UK whereas earnings made while forex trading, commodities trading and other forms of investments are deemed as an income and therefore face the tax man’s wrath.
Last week saw US stocks fall heavily after Alcoa Inc. and JPMorgan Chase & Co both disappointed investors with lower than expected profit figures. Such news, coupled with China’s actions to slow their economic growth has meant that US markets took a heavy setback last week, but this news has also seen Market Value Declines Create Profitable Spread Betting Opportunities. Betting short on falling markets has proved very profitable indeed for spread betters at companies such as Spread Co over the last seven days.
Alcoa is the biggest aluminium producer in the US, so when the company released lower profits than analysts had predicted their stock value dropped by 8.2%, which is the largest weekly retreat for Alcoa share prices since October last year. JPMorgan Chase & Co, the US’ 2nd largest U.S. financial company, also saw setbacks to their share value as they released the news that their retail banking unit recorded a loss for the final quarter of 2009. The share value of JPMorgan Chase & Co fell by 2.2% after making news of the losses public.
If managed correctly, spread betting can be a profitable and lucrative enterprise but as one high-profile figure has found out it can also lead to huge losses if not managed correctly. Years of Reckless Deals Cost A Spread Betting Trader Millions and eventually bankrupted his multi-million pound Joe Bloggs clothing empire.
Many traders and investors across the world make handsome profits from spread betting at firms such as Spread Co, for example but for one trader ill-advised and reckless trades have cost him over £60 million. Shami Ahmed, founder of the iconic 90’s clothing brand Joe Bloggs has been declared bankrupt after losing nearly £60 million placing questionable high-risk spread bets.
As commodities trading becomes more accessible to retail traders and investors there are more and more trading offers and promotions available, similar to those offered by online poker sites or online sports book accounts. One of the very best of these promotions is the chance to Double Your Trading Profits At Spread Co where you can earn up to an extra £500 in the first three months of having your Spread Co trading account.
The ability to Double Your Trading Profits At Spread Co is a further incentive to carefully place your trades, always looking for the next market move to earn you some extra profit. In this case, not only will you gain the profits from your first three months trade but a bonus of up to £500 should help your trading journey along on its merry way too.
