Winning Fixed Odds Strategies Making Money With Bet On Markets Part2
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Vince Stanzione: Part2 - Winning Fixed Odds Strategies Making Money With Bet on markets- Profit From Up, Down Or Sideways Markets. Tag as Vince Stanzione, Vince Stanzione Forex, Finbets.
Fixed Odds financial betting offers a range of ways to back different markets, which I see as a financial toolbox, you just need to select the right tool for what the particular market you wish to back is doing.
Fixed Odds betting has some big advantages over financial Spread Betting especially for those starting with smaller accounts. With Spread Betting you're paid by the number of points you are correct by, with Fixed Odds you can make a large return with the market moving just a few points in your favour. Another massive advantage of Fixed Odds over Spread Bets is that you don't need to worry about using Stops.
Apart from One Touch bets, with Fixed Odds you are buying time, similar to an option, so your bet could be wrong for days or weeks yet by the time expiration comes you can still end up in the money and win. Many traders have the right view on the market but their timing tends to be out and they are stopped out when using a spread bet, only to see their trade move in their predicted direction. By using a Fixed Odd bet this takes away the worries of day to day price spikes.
Winning Fixed Odds Strategies Making Money With Bet On Markets Part2
Here are 8 Top Tips for Fixed Odds Trading (continuation of Part1): 3. Use One Touch bets
Markets tend to be like lightening, they look for the path of least resistance. When a market breaks above a resistance (ceiling) level you will tend to find the market will carry on in the same direction for at least a few more days. Just as a market breaks down through a Support (floor) the market carries on falling until its next support. Using a One Touch bet traders can back these events, remember you're saying the market just needs to touch the given level and that would be enough to payout. So let's use a recent Gold example. Gold started to build up momentum and broke over the $830 an oz level, looking at the chart I could see $850 was the next potential target, so I placed a ONE TOUCH bet that Gold would touch $850 within the next 14 days. Gold went on to hit $870 within a few days, so the bet paid out. Of course, if Gold did not touch $850 during the 14 days then my bet would have expired worthless.
If I do see the bet going against me and time is running out I can sell the bet back and look to salvage some of the stake. A quick tip - markets have a tendency to move to round numbers both on the upside and downside, you often see this happen in currencies, indices and individual shares. Look for possible moves to next levels, especially on falling markets, if you look at the way the Dow Jones fell from 9,000 to 8,000 in a matter of days back in October 08 this demonstrates the point; 4. Balance Risk and Reward
Everyone likes the big payouts; however, you have to remember there is a reason why you're being offered a 300% return, that's because there is a fairly slim chance that the bet will not payout. On the opposite end a 1% return is hardly going to make you rich and should the bet go wrong you would lose a large stake.
The simple answer is to look for a balance and mix and match trades. In my own trading I am looking for returns between 40% to 100%.
Tip: Look to tweak your bets. Before you accept the bet you will be shown the odds and asked to confirm whether you'r 00004000 e happy or not. You can adjust the levels and dates and see how this affects your payout. Part 3 to follow.
Winning Fixed Odds Strategies Making Money With Bet On Markets Part2
Are you missing out?
Many using Financial Spread Bets or CFD's have a tendency to look at fixed odds as a poor mans options market or haven't treated it as a serious trading platform.
Fixed Odds financials are now over 10 years old and have come along way and offer both small and not so small clients a way to back markets in unique ways. I have personally used Betonmarkets.com since 1999 and have traded a good few million pounds worth of bets during the last few years. I can assure you that it's a serious trading vehicle that can compliment both spread betting and other forms of investing and its popularity will continue to grow. You can open a fixed odds account within minutes and start trading with as little as 25.
Vince Stanzione has been trading markets for over 23 years. He now trades his own accounts as well as teaching others and is the author of "Making Money from Financial Trading." For more information go to www.fintrader.net
Vince Stanzione is a self made multi-millionaire based in Europe. Started at a junior at the age of 16 for Nat West Foreign Exchange in London he worked his way up in before leaving to start up his company. He has been involved in various companies including mobile communications, premium rate telephony, Interactive gaming, publishing and television and financial trading. He now lives most of the year between Spain and Monaco and trades his own funds mainly in currencies and commodities. As well as trading he also teaches a small number of students and produced the best selling course on Financial Spread Betting. He is also the author of How to Stop Existing & Start Living to learm more go to www.fintrader.net
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why don’t you send them an email and ask them?
NATWEST STUDENT CREDIT CARD – CASH WITHDRAWAL?
I have a natwest student credit card and I need to take out £30 to pay my bills.
Natwest state that:
Cash advance
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Your Student Credit Card gives you access to £250 each day, from cash machines around the world. The amount you can withdraw depends on your credit limit, and there’s a 3% handling fee – a minimum of £3
Does this mean i get charged £3 once for taking out cash once?
Will i get charged £3 daily until I repay it?
Is there any interest on taking money out of a ATM machine, providing that I repay it within a months time.
————–What if i was to transfer that £30 to the account it needs to go in.. will i get charged interest?
will it be everyday? and is there a handling fee for this?
No, there are no annual fees from what it says. As long as you don’t buy anything either, then there isn’t the chance to have late fees, etc. Just make sure you pay attention to the mail when the credit card company sends you something. Especially in today’s tight credit market, they may induce annual fees or something later on, but they do have to give you a 30-day cancellation window if this were to occur.
When do you have to pay a natwest credit card back?
As I have to pay a garage for car service but don’t get my loan till the end of the month.. when would natwest student credit card ask for the money? surely not till the end of the month at least, they must give you a certain amount of time?
You only get charged 3 once.
But wait, this all gets worse:
You start paying interest right away – no grace period.
And the interest rate is always much higher on cash advances.
Remember that carrying balances is an easy way to destroy your credit.
Turn the card over and call the 800 number.
Listen to the activity.
It will tell you the closing date and the due date.
Write these down.
The closing date is the date they send you out the statement.
Due date = self explanatory.
Pay as much as you can when you get the bill in the mail.
Since carrying balances can seriously hurt your credit rating.
For those top scores, pay your credit card bill in full.
Remember to make payment way before the due date.
Some people think the due date is the date to make payment.
^^ Just making sure you know this.