Spread betting is one of those leverage products that allows you the dream of huge financial success without having a vast capital to begin with. Unfortunately the reality is a little different and while you can win big you can lose in glorious style too. This year I have set myself the realistic goal of making 10% profit on my investment by the year end. Whilst that doesn’t sound that great don’t forget my recent heavy losses which now make the task of break even look hard.

And to that effect I last week made a tidy 400 Euro bringing me back from the dead and onto the life support machine. My FTSE rally ended at 5780 where I cashed in my chips and enjoyed the weekend. To show you the extent of my relaxation I didn’t bother buying the weekend papers and it felt great. However I’m back to work now and the FTSE has just dropped to 5717 and seems to be heading lower. I had expected like most that this week would be similar to last week but you never can tell.

To make me feel better here is an article from someone who lost bad last week and someone who made it good.
http://marketmonkey.typepad.com/blog/2008/02/10th-february.html
http://themarketspeculator.blogspot.com/

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