Why do most spreadbettors lose?
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During the “learning the ropes� period you will likely deplete a material amount of capital and quite possibly wipe yourself out - in fact you may do this 2 or 3 times (I did!). This is to be accepted as par for the course and underscores the importance of only risking true risk capital (NOT the school fees!). Think back about the 10% success ratio of traders over the long haul - to expect that you can start spreadbetting and either make a living or, even more remotely, a fortune out of it with no prior experience, and in particular if there is not a preparedness to put meaningful amounts of time into the endeavour, is quite simply unrealistic if not outright madness.
July 2012 | www.financial-spread-betting.com | 9