Tips On Making Big At Spread Betting

Spread Betting And Making It Big

Spread betting is a great way to earn profits, but only when your bets are placed correctly. This is why only a few investors are making successful trades whereas the rest aren’t as lucky. So what separates the few from the many in spread betting and how can you implant those strategies to ensure your own success and profitability? Firstly, it is important to understand how trading at tighter spreads can improve your chances of turning a profit. The liquidity of a particular stock may affect how tight the spread is. For example where a stock is trading at 320p, but because of illiquidity the ask spread is between 310p and 330p. Purchasing at 330p means that even if the stock makes a 3.33% jump from 320p to 330p, you would have still received no profit for your investment. A tighter speed is therefore more favourable.

Successful Spread Betting

The most successful spread betters follow a systematic trading plan. Knowing how much money you will spend on each spread bet as well as how frequently these bets will be placed will eventually lead you to develop your own watertight trading plan. Should you start trading without a trading plan you run the risk of blowing most of your capital in the early stages, leaving you on the back foot trying to claw your way back to the position you were in before the loss.

Know About Risk Capital and Spread Betting

Having an effective trade plan isn’t just about winning every time, but rather about having enough risk capital to carry on trading when you incur losses. This is achieved through smart money management. One way to do this is to divide your capital into smaller pieces and only risking a small portion per single trade. Diversifying your portfolio will mean that even if one of your bets are failing there may be three others that are pulling a profit. This brings us to risk management, which involves using stops and limits to manage your trades and adds structure to your trading plan. This is why spread betting at City Index is so attractive, as this is one of the established brokers who are happy to assist and advise here.

What Leverage Means

Spread betting is available on leverage. This leverage means that your investment can yield huge profits, or alternatively can incur huge losses should the asset go south. Inexperienced traders run the risk of taking large positions and end up losing more than they actually have. Smart traders use leverage efficiently while inexperienced traders overexpose themselves to risk. The key is therefore to strike a balance between taking calculated risks and protecting your overall capital.

In Conclusion:

Finally the best investors do not only rely on analytical data alone but also take into account other factors such as political stability and inflation rates. Making your own predictions by combining all available resources is the only way you will truly make it big in spread betting. Research, research and more research will set you miles ahead of the playing field. Avoid trading on a hot tip from a friend, because if the trade goes bad they are often nowhere to be seen!

 

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How Blockchain Is Transforming The Online Gaming World

Blockchain and the Impact on Transforming The Online Gaming World

Blockchain technology has certainly taken over every domain of digital transactions. It has revolutionised the world of cryptocurrencies and has given everyone around the world a new platform to do online transactions. The Blockchain technology has definitely exceeded expectations and has reached new heights year in and year out; the tech has even lengthened its reach and can even be found in the online gaming world. In fact, it has made quite an impact in gaming and it should be very interesting to see how Blockchain will revolutionise the gaming space.

Private, Legal, Low Cost and fairly accessible Option

Cryptocurrencies have managed to find their way into the casino industry and in doing so its expanded its status. An increasing number of online casinos have introduced cryptocurrencies as a main payment or as a substitute payment method. The great thing is that these forms of payment are safe, accessible and well documented which further strengthens the reputation of cryptocurrencies. With the use of cryptocurrencies these gaming companies allow their members to remain anonymous and give them a piece of mind knowing that it is extremely safe. Cryptocurrencies also make it easier because gamers and gamblers don’t run into any difficulties with regards to financial documents or setting up an account.

Reduces Fraud and Loss of Revenue

Fraud and a loss of revenue is relatively widespread on the internet and this is really unfortunate. Studies have confirmed there were approximately two million online fraud incidents reported in 2017, with the general belief being this number is only the tip of the iceberg. Blockchain technology has ensured the extermination of fraud and revenue loss which will save the online casino industry billions every year.

Developers are creating Blockchain driven games

Blockchain has created many games but it has taken their technology to a new extreme. Developers have created Decentraland which is a virtual reality platform which is powered by Ethereum Blockchain. Decentraland allows people to own different pieces of land which you are free to do whatever you want to with. With this so called ‘digital real estate” players are able to access an entire new platform that has businesses, services and social activities.

Ensures more equality in the online gaming industry

Most players have the idea that the house always wins but that is no longer the case thanks to Blockchain. The majority of gamblers have accepted the fact that they would most likely lose more often than not, but Blockchain has created equality in games. Smart contracts, cryptography and Blockchain technology have all worked together to develop a system which has ensure that there is equality in any games that contain their technology.

Therefore, it is clear that the Blockchain technology has had a significant effect on the online gaming industry. Blockchain technology has given this industry room to flourish and has also made the online gaming industry a much safer environment to get involved in. This technology has also improved payments, betting and encouraged the creation of new types of games.

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