Spread Betting and Chartism

Have you seen the adverts where you can make £10,000 a week (through financial spread betting) with only an hour’s work and give up your day job. Trading strategies that can guarantee you £400 a day. Yes, yes we have all seen them. Do they work? No, these are get rich quick schemes that all of us dream off yet but rarely work. These elaborate courses teach you trading strategies that don’t need complex analysis. Just look at charts and once reach a certain level all you do is buy and sell. Easy as tying your shoe lace and no brains required. Even Bush could do it! …continue adventure

A clear exit strategy is a fundamental rule in stock trading — one that is often overlooked by many private investors. A well-defined exit strategy will guide you into a profit or minimal loss out of a stock/share.

If that’s the case, why do so many people fail to create a solid exit plan? It’s because we’re only human and our emotions often take over. The classic diseases many traders face are greed and fear. Of course you want your stock to do well, but more often than you expect the tide will turn against you. What do you do then? …continue adventure