Play a bumpy market with binary bets

With the stock markets so volatile, you can be forgiven for not wanting to risk a punt. But with a binary bet, you can put a cap on your losses so you know exactly how much you're risking. Tim Bennett explains.

First it fell fornine days in a row. Then it rose for three. Now it's falling again.

Yes, the FTSE 100 is pretty volatile right now even as it drifts steadily downwards on the back of almost unending bad news from the eurozone. For spread betters it can feel both difficult and risky to punt on its next move using a traditional spread bet. After all, get it wrong and you face big losses unless you spend money on a guaranteed stop.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.