Three places to find the best spread betting tips

Finding spread betting advice for beginners can be a bit of a tedious affair. But here, Tim Bennett suggests three more imaginative ways to learn the tricks of the trade.

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As you try to master the basics of how to spread bet, a key question for most beginners is "where can I find advice on trading?" Here are three sources you may not have thought of (at least not in the context of making money) that are nonetheless well worth a try.

MoneyWeek's video tutorials

Reading about financial markets can get a bit dull. So why not try a video instead? On our video tutorials page, for example, you'll find my introductory videos covering how spread betting works and why it can be a great way to make money.

Then, how about trying out veteran trader John C Burford's trading tutorials? You'll find tips on topics ranging from tramline trading to using Fibonacci sequences.

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Twitter

Now it's fair to say that without a bit of screening Twitter can be a daunting place to find anything. However, it is home to more and more insights from spread betting gurus. For starters you could try out feeds such as @josh_CityIndex and @Sandy_CityIndex to keep up with news and analysis from brokers at CityIndex. As Timm Sprenger, a PhD student at the Technical University of Munich who has analysed 250,000 tweets, says of Twitter: "I don't think it is the Holy Grail to make millions but it is a very credible and legitimate source".And that's especially true when tips are retweeted.

Fellow spread betters

Spread betting can seem a lonely business. So why not meet up with fellow spread betters and find out more over a drink? At sites such as meetup.com you can find other folk in your area with an interest in, say, 'technical analysis and trading'. And if they don't float your boat you could always try searching on 'drinking' instead.

Tim Bennett

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.

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