How To Earn $1000 A Week Part Time.About 6 years ago I started to notice that certain friends of mine had quit their jobs but continued to live very luxurious lifestyles - seemingly without doing very much. I thought they must just be using up their savings until I discovered they were all making a fantastic living by spending just a few hours a week doing something I had never heard of before - 'financial spread betting'.
More and more people are now becoming familiar with
phrase 'financial spread betting'. Once,
sole preserve of City Whiz kids or sophisticated gamblers, financial spread betting is now gaining in popularity as a great way to earn a very sizeable tax-free income without
risk of losing
shirt off your back!
So why is financial spread betting becoming so popular? Well, with a bit of understanding and practice, ordinary people, with no prior experience, can earn enormous sums whilst controlling their risks and limiting their losses. You do not even need a stockbroker or a city dealing account to do get involved. An on-line account is very simple to open and anyone with web access can do it.
Spread betting, aka futures trading, is easy to understand if you stick to a simple index like
FTSE 100 or
DOW JONES.
In basic terms, this is how it works:
When you buy a ‘future’ you take a position on what you think
the index (e.g.
FTSE 100, or
DOW ) will be at some future date - e.g. June 2005. Let’s say
FTSE is currently at 5200 and you think it will rise over
next three months as 'terrorist fever' abates. You would buy
June FTSE at (say) $10 per point. For every point it rises, you make $10. If it goes up 100 points, you make $1000. Of course, if you get it wrong and
index falls by fifty points (say), you lose $500.00.