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money doubled

Fri, 01 Feb 2008 02:18:30
I'm not shitting you, here have $25 and give it to an entrepreneur in the 3rd world. You can't give away money these days. I did however manage to double mine yesterday. I'm not going to explain how spread betting works because others can do it a lot better than I. I read the first 6 articles on this site and was ready to make my first purchase. I put £1 up and said "Legal and General Rolling Daily" will RISE on the market. And it did, that £1 became £2 and I was setup for life, but I forgot to sell and trading closed. Madness. Today, I'll sell that on and look to make a biggest investment. At the moment with my very limited experience, betting on the movement of the market for someone like me is a 50/50 chance of either losing and making a few bucks, normally the former. I understand a lot more now than I did 24 hours ago but I'm not impressed, I'll keep on reading today and put up some bigger money. From what I've read, here are a few key ideas:

  • For the majority who play the spread betting game, it is not thier full time job
  • One person however is quoted on making £2000 a day average, £500 on a bad day
  • The company that spreads your bets for you, e-trade in my case, win if you make or lose money, so they don't mind a successful spread better.

keep it real?
Ryan Partington