Reader Offer: Tradefair, spread betting from Betfair
Having already revolutionised betting as a pioneer of exchange betting, Betfair has created a new home for financial bettors and traders; Tradefair, its spread betting portal.
Tradefair gives bettors an opportunity to speculate on whether a particular market will go up or down within a given timeframe. Tradefair Spreads, a financial spread betting programme, is an investment tool that provides punters with a chance to profit from rising or falling markets.
With the financial markets being so volatile vast sums of money can be won or lost in a short space of time, but you can begin your Tradefair spread betting career for just £30.
With Tradefair, spread betting takes just three simple steps. First, the bettor selects the market in which they wish to trade, views a chart showing past price movements and attempts to deduce where the price will move next. Second, they enter their stake and hit the trade button. A ticket appears offering a choice of buy or sell. The minimum stake on the FTSE is £1 per point, for example, so the punter would gain £1 for every point that the market moved in their favour and lose £1 for every point it moved against them. Third, the bettor closes their trade and this could happen just seconds later. The punter monitors their position and closes the trade to pull out.
Spread bets carry a high level of risk so you should only speculate with money you can afford to lose. Stop-losses are automatically allocated with each bet you make, but stops are not guaranteed. You can lose more than your initial deposit and stake. Before you open an account, you must ensure that spread betting matches your investment objectives, familiarise yourself with the risks involved and if necessary seek independent advice. When spread betting with Tradefair, the terms bet and trade are synonymous. You will be in fact placing bets and consequently you are not entitled to the rights to the underlying instruments you would be if you were trading.
BETFAIR OFFERS: Betfair Accumulator, Betfair Poker, Betfair Multiples, Sports betting exchange, Betfair Casino, TaiKai betting tournaments and Betfair Arcade.
[This reader offer is only available to readers in the UK and promotions referred to were active at time of writing.
Gamble responsibly and visit www.gambleaware.co.uk.]
Tags: Betfair, Reader offer
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