Did you know that as much as 80% of Index Traders Lose?
Jim Musselwhite (August 19th, 2009) Writes:
by guest author Andy Richardson (http://www.financial-spread-betting.com)
I think one spread betting firm was telling me this figure is even nearer to 90%! This goes on to show what a difficult and very addictive game spread betting or even futures trading on indices can be. If you have any gambling genes this kind of trading finds you out and you ought to stop immediately. Spread betting firms love index traders and that’s where they make a lot of their profits. I think indexes should be played only as part of an overall balanced strategy. Such as perhaps a longer-term FTSE short during an obvious bear market like that of 2008.
I remember in my early days how I got sucked into index trading using spread betting and lost a load of capital in this adrenalin fuelled way of trading. At home, the laptop never left my side and I couldn’t think …
addictive, Andy Richardson, author, Futures Trading;, index spread betters, index traders lose, Index Trading, Losers, psychologist, spread betting, stock-market, Trading Lessons


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