Financial Spread betting...

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Barracuda
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Financial Spread betting...

Post by Barracuda »

Anyone into this?

Thought I would give it a go, still getting my head round it tbh, on a 30 day free trial that normally costs £300.

But if I would of followed their advice today I would of earned £1k :eek:
Double checked the info seperatly making sure it wans't BS, but it seems kosher.
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Morningstar*
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Post by Morningstar* »

got any links for this?
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BournE
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Post by BournE »

I stay well clear of spread betting, you can lose a lot of cash very very quickly.
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Spook[UK]
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Post by Spook[UK] »

I assume you're on a 30 day trial for a service that provides analysis/tips/advice for £300 a month? Sounds something like 4Cast (http://www.4castweb.com) to me.

How much would you have to have "staked" to make £1000 though? And what would your downside have been if the market had gone the other way? What market(s) you looking at trading in? FX?
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Barracuda
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Post by Barracuda »

Its more of stock exchanges etc, spread betting makes it sound like a scam, maybe it is, but It has been proofed.

They recommend you start with a capital of.. wait for it.... 16.5K, with that they got 6k in profit in the two markets they trade in, and they are: Dax30 (german) and the US, S&P500.

So i am gunna try it with a smaller stake obviously LOL 16.5K, jeez :nuts:

Will see how it goes, thought one of DVF dabbled in the markets.

:shrug:

:thumbs:
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Spook[UK]
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Post by Spook[UK] »

Sounds risky... 6k profit on 16.5k invested over a year is way above the odds. The fact thay they charge you £300 a month for managing your investment means that they win whether you make money or not.

They must be gearing up your investment significantly and I suspect you'll find a warning that you can lose more money than you've invested ("Your home may be at risk etc."). Check the small print regarding "margin calls" etc.
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Post by Rascal »

if it was consistently that easy to make 6K off 16.5K, why are they offering the opportunity to other people at 300 a month, why not cut the middleman out and just mint up themselves

I'd steer well clear.
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Barracuda
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Post by Barracuda »

all it is, is dabbling on the two stock markets.

the 6k is last months profit, they have not said that i will get 6k every month that was just an example.

You can invest as much or little as you want, its up to you.

I will have a go next month after me hols and see what happens.


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