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About the Trader
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I focus on only a few equities and currency pairs at any one time, ones that I know exceptionally well. I stay well away from indices (the death of retail traders) I do not advise traders what to do, I just tell you what I am doing or think might happen.
I have started using tmflemingspreads,their prices and spreads are very tight and their customer service seems to be second to none.USD/JPY and FTSE spreads of just one point. I dint make prices that good when I was an FX trader in the city,amazing.
In my opinion it has never been a better time to start trading, mainly because the people who manage your money do not have the answers (apologies for the sweeping generalisation) but more importantly the very competitive spreads of the leading spread betting firms, the increased volatility and the access to information makes us better able to make decisions for ourselves.
Why trade?
There are different reasons to trade, a livelihood, speculation, hedging or a pure punt and a bit of fun. You need to decide which one of these you are because this should influence the size of your stake and how active you are willing to be.You need to remember that spreadbetting can be very dangerous and volatile, so do not sign an application form unless you ccompletely understand what it is you are signing. This is very important as it is human nature to run losses and take profits, I hope you are different (and I am different) so be very realistic about the amount you are willing to lose on any given trade. I will give indications of what I am looking for on any given trade. .
One last thing. If you are thinking of trading then good luck because we need it.