Two ways to spread bet a flat market

Apart from bursts of intraday activity, Britain's stock market is drifting sideways. But if The FTSE 100 is a lost cause, spread betters should try digging a little deeper. Tim Bennett suggests two ways to find opportunities.

Many novice spread betters start, quite rightly, at the top: they'll go for an index such as the FTSE 100.

The trouble is, fans of FTSE 100 spread bets have had a dull time recently. The index may offer bursts of intraday activity from time to time for day traders but fundamentally it is drifting sideways. It shows little sign of breaking convincingly above the psychologically important 6,000 points level, and equally, it rarely dips below 5,800 points. In short, for most of the last two months it has been range bound.

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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.