Financial spreadbetting is the most risky, volatile and speculative way there is to make profit in the financial world. It’s more like betting in the casino or in a horse race. In fact, the profit You make with spreadbetting is tax-free in the UK. I don’t know whether it is the same in the US.

While trying to make profit with financial gambling is like playing russian roulette, I have decided to try myself in this area and report the outcome. After all, I have a decent knowledge about the market, investing and statistical calculations. And, like in casino and horse races, knowledge is what makes the risk/chance relation to work in player’s favor.

For this purpose I have opened an account at ETrade Spreadbetting with an initial deposit of 150€. That’s the max I can afford to lose on this project for the sake of the science!

I have also chosen to play real money instead of demo account mainly because of two reasons:

• First, we humans tend to make different choices when it comes down to the “real thing”. It is like playing poker: You would probably play more conservatively with the real cash bets. For this project, I have decided to make it as real as possible and, therefore, play real.
• Second, should I win something, I would hate not being able to withdraw my winnings just because I have chosen to play a goddamn demo.

As I never did spreadbetting before, the first step will be to investigate and learn the basics. Then, I will have to chose which stock/index to play, study it and develop a sound strategy. Lastly, I will play my strategy and pray that it works and doesn’t affect my objective thinking.

Results and updates to follow, stay tuned!