  I mentioned a few posts ago that my boss had become hooked on financial spread betting and he was doing very well at it.
At one point he was up by over 1000 quid all in a matter of 4 days. Then came the inevitable losing streak which has reduced his winnings to 250 quid. He is now re-evaluating his strategy. Being much more cautious myself I have been playing with a few fantasy bets to help me understand how the whole thing works and to formulate a consistent trading plan to hopefully allow success.
I am concentrating on Binary Bets of the hourly FTSE and Dow indices. In a binary bet you buy and sell an index to fall or rise in an hour period. So if you bought the FTSE 100 to rise at 45 points, and by the end of the hour it did rise above it's hourly starting point the binary bet would pay out at 100.
That would mean a profit of 100-45*5(your stake per point)=220 quid. Seems quite simple and looking at the intra day graphs for the FTSE and Dow I have identified a strategy which should allow me to win 10 points at least on average 3 times a day. If I bet 5 quid a point I could make 150 quid tax free a day while keeping a limit on my risk of losing the original stake. I've registered with urlLink IG Index as my dealer of choice if you want to learn more. 
