Spread betting is a bit more risky than the usual investment because you don’t buy shares from any company. A spread betting company, like CMC Markets, floats two prices, the offer also known as the spread and the bid price. The investor then bets whether the price of the underlying stock will be higher than the offer or lower than the bid. The investor doesn’t own the underlying stock but speculates on its price movement. Since it involves placing a bet, most people would be wary approaching it. However, you can derive fun from the practice, just as gamblers enjoy gambling.
The thrill of risking
The greatest risk in life, as they say, is not taking any risk. You can always find fun in staking your money and waiting for the outcome. Enjoy the excitement when the lights on the trading platform blink green, meaning you have worn. If they happen to turn red, it is not the end of the world. Place more bets and wait for the outcome. Like gambling, losing should serve to strengthen your resolve. In any case, you may never win anything without risking.
The fun in making predictions
Life is short, and you can’t be too serious all the time. While there are many things to tickle your fancy out there, few of them have the potential to fatten your bank accounts like spread betting. Since it is just a matter of speculation, you can turn it into a passion by relishing the art of making predictions. With a little precaution and several attempts, you will likely be able to predict the outcome of stock prices correctly. You may get them wrong a few times, but eventually, you will be hitting the bull’s eye more often than you expect. You shouldn’t be too uptight, so long as you can tell when to count your money and call it a day.
Trading for both fun and profit
You may not have come across buddies who gleefully recount their experiences at the stock market. To most people, trading is a serious business devoid of any fun as they focus entirely on making gains. However, such a stand is dangerous and self-defeating – you may have heard about traders who ended their lives because they couldn’t handle the loss of a few million pounds. Well, it doesn’t have to be the case. You are likely to feel much better trading for fun because it relieves the pressure from your chest. If you happen to lose – and you are likely to – you won’t be too affected.
Making money is stimulating
You possibly believe that money can’t buy happiness, but can’t deny that enthralling feeling you get when several hundred thousand pounds flow into your bank account. You can be sure you won’t suppress a smile as you make your way home, or to the bank. The glint in your eyes, and the spring in your footstep will be unmistakable. Set aside some money in your monthly budget template for spread betting, so you don’t interfere with your daily budget and other investments. Since spread betting can be quick way of making money if you can make successful predictions, you can find it exhilarating.
Waiting for the fruition of an investment can be very boring and tedious. You have heard of boring tales of people who spend their entire lifetimes to build fortunes. Well, you won’t necessarily have to follow the same route because you are nearer 50 than 40. The problem with a passive investment is its long term commitment. If you buy a home, you have to look for additional income to fund it for about 30 years. You could try to put £1,000 into spread betting and, if the gods smile down your way, make double the amount within a single day. Do this several day, and you are growing rich by the day.
Spread betting can be fun if you learn the art of living on the edge. Besides, it is not exactly like gambling because you can observe the trends on the stock market and make accurate predictions. Although you may end up making a few losses, you stand a chance of doubling, or even tripling, your money on a good day. Enjoy the thrills of risking, and the possibility of becoming rich overnight!