Financial Spread Betting For A Living?
One of the American founding fathers – Benjamin Franklin – is remembered for the saying, take care of the pennies and the pounds will take care of themselves. Building up on the pounds is what financial spread betting is all about. You can also do this while sitted at the comfort of your home, but before you start counting the pennies its important to know the following:
Spread betting is a perfectly legal venture, it’s not classified as gambling or that sort of thing, and it’s even designated by the law as an entity in the financial services sector. Spread betting simply involves an individual hedging a bet on a financial security that is up on offer. The rider however is that you the gamer should make a correct prediction on the stability of a given security, plus the security belongs to none of the players. This prediction is by way of revising the value of that particular security up wards or down wards. Remember that though it is not a gamble per se this is a high-octane activity. You benefit by placing a price on every point you earn, say $2 for every unit represented by way of either loss or gain of value and the financial spread betting entity gains likewise, which creates the win – win situation; that is what good sportsmanship like financial spread betting is all about.