I started my spread betting journey with a Forex course showing the basics of Forex spread betting starting with a forex course by “Andy X” called ‘insider signals’. This course demonstrates the use of ‘Metatrader’ – a trading platform that you can download to follow the market, and trade fundamentals and signals. I signed up with a spread betting company called capitalspreads.com which allows you to trade from your laptop at home. The good thing about most of these spread betting companies is that they allow you to demo trade – you get a ‘main’ account with £100,000 ‘main’ money to learn the trading process without having to risk real money. The bad thing about this is that it can give you a false sense of security.
After I traded online gambling sites for a few months for small amounts, I slowly started to increase my steak. The early winning streak left me overconfident and I took some big losses when I raised the steak. I’m constantly learning and signing up for new courses that take a slightly different approach. I like this course because it focuses on choosing only the best trades and ignoring the rest. Most of my time is spent making sure the trades I see are technically perfect and ‘Hector’ only teaches to enter those trades and always leave others behind. Since losses are part of the trading game, this is as much about limiting losses as making winning trades.