| If you've ever looked into 'forex' (foreign exchange) | | | | developed and didn't tell anybody about. This can take |
| trading, you will have a good idea of the potential gains. | | | | a good deal of work to develop. There are numerous |
| You can become wealthy in a very short space of | | | | software packages available to help you monitor |
| time, although it pays to remember that one person's | | | | market patterns, and design your killer strategy. If you |
| gain is another person's loss. Remember the warning | | | | develop a strategy that works then keep it quiet! |
| 'prices can go down as well as up'. | | | | In my experience the most consistently profitable |
| There are a number of brokers or spread betting | | | | trading technique is a method called 'skimming'. This |
| companies through which you can trade. I'm going to | | | | involves placing many trades for small market |
| give you some advice on maximising your chances of | | | | movements which build your profits based on a |
| succeeding. You will face challenges along the way | | | | considerable number of transactions. It's only possible |
| but if you persevere for long enough you may find | | | | for spread betters to profit from this if they are able to |
| yourself in a very positive situation. First and foremost, | | | | place bets with a tiny spread. This requires experience |
| know what you are getting into. Read as much as you | | | | and a good knowledge of the markets. Make sure you |
| can about every aspect of trading, and remain | | | | are fully prepared. This is an intensive method - you |
| objective with regards to the many opinions you will | | | | didn't expect it to be easy did you? |
| hear on how to go about it. | | | | I have one final recommendation which is extremely |
| If you are spread betting then you will need to find a | | | | important. You may be raring to go but if you |
| company that offers a competitive 'spread'. Shop | | | | remember just this advice you will save yourself |
| around. Find out what a spread is - this is very | | | | considerable amount of stress. The most important |
| important. Be very sceptical about trading systems | | | | advice you will ever hear about trading is- 'only trade |
| that offer instant wealth. Trading methods that worked | | | | with money that you can afford to lose'. |
| last year may have run out of steam in the current | | | | 'Is that all' you may ask. Talk to those who have lost |
| market. | | | | the money they traded which they could not afford to |
| Once a system becomes widespread enough then | | | | lose. Beware anyone who suggests otherwise as they |
| too many people know how it works. Lots of people | | | | very probably have something to gain from your |
| start using it and any advantage is wiped out. You | | | | additional risk-taking. They don't care if you crash and |
| may end up slaving away for little or no profit at all. | | | | burn, as long as they get their slice. If you are planning |
| There is one system that can potentially make you | | | | to win in the long term then limit your exposure to |
| rich. It's called 'your system'. That's right. The one you | | | | losses in the short term. |