Key rules for avoiding disaster when spread betting

While you're getting to grips with spread betting, it's vital you manage your risks. Here are some rules to keep in mind.

When we placed our first spread bet, we did something extremely careless that will have any experienced trader shaking their heads: we didn't set a stop-loss'. While not every trader uses these, most successful ones do and beginners certainly should.

A stop-loss instructs our spread betting provider to close our bet once it goes against us by a certain amount.

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