ZEN archer
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I don't know if one can be classified as a retard (retail trader) if they spread bet only or they need to have DMA account as well to qualify.
Are you a retard if you spread bet?
- Thread starter ZEN archer
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Are you a dyslexic one?
MajorDutch
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certainly if you scalp the news with a spread bet account you could be considered a retard. but that would be a bit harsh.
Michael8667
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How about spread betting on Moving Average crosses?
DionysusToast
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Spread betting has its place.
Sim trading is useless, trading etfs as a proxy for futures markets is much smarter than Sim but the entry price is too high for some.
SB and CFDs aren't as granular as stock but do represent a lower risk way to trade...
Sim trading is useless, trading etfs as a proxy for futures markets is much smarter than Sim but the entry price is too high for some.
SB and CFDs aren't as granular as stock but do represent a lower risk way to trade...
donaldduke
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Anyone who attempts to day trade with a spread bet account is most likely a retard.
I have attempted it a few times in the past, so that makes me one i suppose
new_trader
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Are you a retard if you spread bet? - NO.
It's just that from what I see in this forum, most traders who spread bet are retards.
It's just that from what I see in this forum, most traders who spread bet are retards.
YouAreNotFree
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No.
advfntrader
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lots of people claim to make a living spreadbetting...
Eric Geddes
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Spreadbetting isn't a prerequisite for being a Retard. Some people manage it quite easily without ever knowing about trading. If making plenty of dosh off the SB Cos is being a Retard then I'll happily settle for the status quo.
new_trader
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Correction, lots of them say that they are full time traders. Think of a middle-aged stay at home husband married to a very understanding hard working wife who earns most of the household income.
Wife: How did your day go?
Husband: Great, I made £5 with my new indicator going long the FTSE 100! How was your day?
Wife: Not too bad, I closed another £1Million deal today, my 5th for the year. So it looks like I will be getting a £100,000 bonus again this...
Husband: Shh...I see a set-up on the GBP/USD...c'mon baby...
Wife: I'll put the dinner on.
Kitchen Sink
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You're only a retard if you spreadbet, blow your account, then blame the SB firm for your loss, when in reality it was your retarded entry and exit points to blame.
Gordon Gekko
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:cheesy:
Sidekicker
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Anyone who attempts to day trade with a spread bet account is most likely a retard.
I have attempted it a few times in the past, so that makes me one i suppose
If the spread represents more than 20% of the profit you are likely taking from your trades, then yes, you may as well go DMA and get work expenses to reduce the capital gains. However, if you are trading instruments with 1-2 spread and going for targets where that only represents a few %, then it's much better to spread bet. It will vary for each individual.
Kitchen Sink
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ZEN archer
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Thanks.
I'm a spread bettor and wanted to find out some more about it. It seems there is no clear cut answer. So far as I can see from the posts it depends on the style - scalping around important reports, mas cross over system, no stops and similar ways may help find the answer.
I'm a spread bettor and wanted to find out some more about it. It seems there is no clear cut answer. So far as I can see from the posts it depends on the style - scalping around important reports, mas cross over system, no stops and similar ways may help find the answer.
Bint_Crusher
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A retard NO
A hapless Pillock YES
A hapless Pillock YES
