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| Most people who have stocks and shares will have lost money today but there is a way of making money during falling markets and that is through FTSE spread betting. I have just been watching the Chancellor of the UK present the budget this lunchtime. If you want to be rewarded for just being either right or wrong then you can put a binary bet on. There are also different types of bets that you can put on. This is a bit like sports fixed odd betting as you know exactly what you will win or lose beforehand. A quick look at the markets and you will see that they are down by 1.5%. This is slightly different to binary bets in that you don't know how much. The name 'betting' gives it a bad name. What happens is that you decide which way you think the FTSE 100 is going to go and then you take a position either long or short. Yes it is betting but so is all financial 'trading'. So what is FTSE spread betting. The other bet that you can use with FTSE spread betting is daily bets or rolling daily bets. _ |
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