How one man brought spread betting from the city trading rooms to the suburban living rooms

1. How one man brought spread betting
from the city trading rooms to the
suburban living rooms
By Sally Hamilton
When ex city dealer and enjoy the process you can during the night while your As spread betting
entrepreneur Vince trade and win against the fast asleep a major becomes more popular as
Stanzione decided to old established pin striped financial crisis starts in the does the competition. The
publish his course on city dealers. far east and you have a bet most well known and
financial spread betting Thanks to the internet and that the market was going longest established is IG
around three years ago, the availability of business up your bet would be Index which recently
many city professionals television channels such closed out at the level you floated making its founder
were very negative about as CNBC and Bloomberg stated was your maximum Stuart Wheeler a multi
what he had done. At that on Sky digital, anyone can loss. millionaire. Mr Wheeler
time most of the spread have access to financial One of the biggest factors recently grabbed the
betting clientele were trading information turning that has seen a surge in headlines with his 5million
working in the city or hada any living room into a city spread betting is the fact pounds donation to the
city background. The idea trading room. thatyour gains are taxfree, Conservative party.
of teaching the “average Financial spread betting you pay no stamp duty Other financial
man or woman” to trade allows you to back your whenbetting onshares and bookmakers include City
using spread bets, reading judgement whether a the ability to go short i.e Index, Financial Spreads,
charts, and making money stockmarket index such as .bet that something will go Cantor Index which
from falling markets was the FTSE100, Dow Jones, down. This is notpermitted recently launched, backed
outrageous. Nasdaq is going to rise or with most private client by US futures house
Three years on and Vince fall. You can also back stockbrokers. Cantor Fitzgerald and
makes no excuses for individual shares, Minimum bet sizes have SpreadEx.
bringing the world of commodities and also been slashed over the Other companies hoping
spread betting to the currencies to name a few. last fewmonths whichnow to share some of IG’s
publics attention. It has A word of warning means you can start with success include Zetters
been very satisfying to see however, unlike your £5 just a few hundredpounds. through their IFX
the success of mystudents eachwayonyourfavourite Financial bookmakers Financial group and
most of whom did not have horse, spread betting can Financial Spreads owned privately owned CMC
a city background and in lead to large gains and bySporting Index, recently group.
most cases had not even potentially large losses. launched a new internet As for Vince’s studentshe
traded a share before they Vince agrees thatyoumust service which allows says that the majority are
purchased my course. I understand what you are customers to trade as little still male however he has
have now proved that it getting into before you as 1p per point. Vince says seen a growing number of
does not matter if you run place a bet . You must also that many of his clients women take an interest in
an Indian restaurant, you only speculate with a have found this an spreadbetting.
are a dentist, a street percentage of risk capital excellent place to start as
thatyoucanaffordtolose. they can place real bets on One sure bet is that the
market trader, a florist, a publics appetite for
hairdresser or a fish and Fortunately all of the shares and markets with
small stakes and limit their financial spread betting is
chip shop owner (to name a major bookmakers allow not going away any time
few of his student's day clients to place guaranteed risks to say £20maximum, soon.
time jobs) if you have stops. This means that if a year ago this was
common sense, the your bet goes wrong you unheardof.
willingness to learn and can limit you losses, so if