I know that there are many people who have or are thinking about taking up financial spread betting as a way of trading. I wanted to give you a little history about why I chose to start is and let you know what I like and don’t like about it.

I haven’t always been successful at financial spread betting. When I first started trading I was making a bigger loss than profit. I thought that I was the fault of the markets. I now realise that it was my fault and I, as a trader, have to take full responsibility for my trades. It is a learning curve that we all need to go throughand the quicker the better.

You have to realise that you too are likely to make losses when you begin. I would go as far to say that you shouldn’t expect to be profitable in the first year. Now if that is something that you don’t like the sound of then I think that financial spread betting might not be for you.

You are still reading this even though I have introduced the idea of making losses. That is great as hopefully that means that you are a realist. Being a realist you then have to decide about how you will trade early on. Given that you are new then you should trade as small as you can.

Just because you start trading small to begin with it doesn’t mean that you will have to do it that way forever. Think of trading as a long term game. Yes I know that trading is generally a short term approach but I mean your trading career. If you can make it through the first year then you should be in a position to up the sizes of your bets.

I hope that you do give financial spread betting a go. There are lots of advantages to it but remember to take it steady to begin with. If you take it easy and understand the risks then you can become very wealthy.

There are lots of benefits and disbenefits to financial spread betting. You need to understand both before you start. Nigel Howell will help you with that so visit his site about financial spread betting.