Question by William M: Which out of currencies, commodities or shares am I best to start spread betting with for a living?
I have just applied for a live spread betting account with capital spreads and I’ve been practicing with them also with their demo platform. What I have discovered is that I’m quiet good at trading currencies and commodities and only good at shares with information on companies, but thats illegal – isn’t it?
What I would like to know is, if I am to do spread betting for a living, what is the best market I could trade out of currencies, commodities, stocks, bonds or interest rates? Please help/advise me here if you can. Thanks. Please, I really need your help.
Best answer:
Answer by agent4927
FX because the market is so big and liquid. Cable (GBPUSD) and Fiber (EURUSD) because those pairs have some of the greatest volatility.
Out of commodities – oil has the greatest volatility and therefore potential to make profits from if you can find a suitable strategy for it.
Shares are harder to trade on an intraday basis, which is what spread betting is geared up towards.
Yes insider trading is illegal – why mention it on here? Not sure if that is really what you have been doing, there is nothing illegal about getting info on companies provided it is not linked to financial information ahead of results being released.
Know better? Leave your own answer in the comments!
