Spread Betting

[GerBot]

I'm going to work out how this works this week.

Anyone here do this while they do their online marketing?

[BoL]

Done a bit.. but haven't touched it for a while.

If I were to, I'd go long on GBP/CAD at a couple of quid a point. It's around £1/$1.58 just now, been to a low of $1.50 or so and a high of about $2.50 a few years back. I think IGIndex would have a bet on December prices. Worth remembering that a 'point' is $1.5800 ... hundredths of a cent.

'free money' as they say

[GerBot]

I was pretty sure you'd have played around with spread betting Jason. Too bad I couldn't bet on that one 

I'm going to try and short Aussie banks.

set a trailing stop loss at 20% higher than the current price.
Set a limit at a 40% price drop.

I figure I should spread across all 7 listed banks and then wait.

I'm going longer term i.e. end of 2011.

I figure bank stocks can bounce up and down 5% of specific news so a 20% buffer should absorb any anomaly while they maintain my theorise downward trend.

Problem is that in me demo account I've already lost £800