I just learned about this, had no idea that there was a form of gambling/trading like this. I'm referring to guys like www.finspreads.com owned by IFX who runs on the LSE. At first glance it looks like casino-style gambling with futures0like leverage... amazing what kind of trouble you can get into legally in a Western society. Does anyone have any experience with this? I understand that it can also be used to hedge or take a view responsibly. Just surprised at the very easy access to leverage.
see www.trade2win.com a UK site that, among other things, discusses the above. Consensus is that spread betting is not for the scalper/day trader but for longer term holders.