I used to know a trader who specialised in this kind of trading, although he used the FTSE futures rather than spread bets. The strategy was simple -. The goal of the strategy is to try catch the market off balance in the heat of the opening. If for example everyone is forecasting prices to open 20 points lower and it opens 50 points down there would usually be a mad rush to snap up the unexpected cheap prices.

But the trader's orders would already be waiting in place before the market opened and if filled he'd be quick to take profits of 10 - 30 points, that sort of range. But you have to be quick with entering your orders as the opening few minutes can be extremely volatile. Yes, I don't see why not. Maybe it would be better to use the daily FTSE future spread bet instead of the daily cash bet as the trading strategy is based off how the official futures are trading.

Be quick to take profits on half your position, and if done use a breakeven stop on the other half. Finally, as I said above these trades don't come around that often, perhaps every quarter, but when they do the profits are normally excellent. If you don't know any brokers to ask for a FTSE opening call it's not hard to give accurate calls yourself.

Day Trading Strategies for Beginners: +$, in 1 Year Day Trading

All it takes is a few months of experience and practice. Use thinking along these lines -.

Having a good broker won't guarantee you profits but a bad broker will probably lead to losses as a combination of their gamesmanship and suspect software takes its financial toll. Simple, the 2 brokers I personally use for my own spread betting - I've had accounts at both of them for years -.

FTSE - A simple spread betting strategy | gyranasoreso.web.fc2.com

A possible trading strategy for trading the opening of the FTSE Before the FTSE futures open there is always an opening call, this is an estimate as to where the futures will open Perhaps it might be called 15 points higher He would then place a limit order to both buy and sell 20 point above and below the expected opening For example, if the futures were expected to open at he'd enter a sell order at and a buy order at The FTSE cash market closes at 4.

Read more in the Spread Betting section: How to Learn Spread betting and Prosper. How To Learn To Trade Correctly.

Spread Betting - Home page. How to Learn Spread Betting and Prosper. How to learn to trade correctly.

Who to open an account with. Spread Bet Broker Review. All recommendations and comments are provided for general interest only and should not be construed as advice. Professional advice should always be sought before buying or investing in any financial product. The price of securities and any income from them can go down as well as up.

17 ETFs For Day Traders | ETF Database

Past performance of a security or market is not necessarily indicative of future trends. Any opinions and recommendations on LearnMoney.

It was certainly possible a couple of years ago and I am sure it still is. But you've got to be patient and wait for your trading spots. There are good spread bet brokers and there are bad ones. So who do I recommend? Simple, the 2 brokers I personally use for my own spread betting - I've had accounts at both of them for years - Read my side-by-side review of the 2 best spread bet brokers.

Download the FREE report. Spread Bet Broker review. Hidden value of stop Losses.