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The Financial Spread Betting Handbook: The definitive guide to making money trading spread bets by Malcolm Pryor

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3. Trading Resources

This chapter looks at further resources we may need to spread bet: trading software, price data, information and websites.

Trading software

Cost issues

I have made an assumption on hardware that in today’s world pretty nearly everyone who is going to spread bet is going to have a PC, so in a sense the PC isn’t an incremental cost for the spread bettor.

When it comes to trading software on the other hand, costs start to be a factor. You should consider software costs to be part of your overall spread betting profit and loss account. So if you only have £500 in your spread betting account you are going to find it much harder to make a profit if you spend £450 a year on software and related data downloads. And yet ...

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