Just for you, dear readers, I rose from the laziness of pushing a few buttons and drinking tea and eating toast all day to do some real research. Though I was also myself quite interested in what I might find.
I get many emails about spread betting firms, and a lot of conspiracy theories too. It’s rare a day goes by when I don’t get an email along the lines of:
My SB [spread betting] firm has deliberately stopped me from making a profit on my trade. I lost a lot of money and it’s the spread-firm’s fault.
It would seem, judging by how often I get this type of message, that most spread bettors, on realising a loss, prefer to blame the loss on anyone but themselves. I get the impression that people believe ...