Now, what is FIXED-ODDS betting exactly?
FIXED-ODDS
betting - usually associated with horse racing or football matches - is now
possible on financial markets.
Much simpler
than spread betting, Forex and futures trading, fixed-odds betting allows you
to bet on individual scenarios
cheaply and
quickly. For example, you think the EUR/USD pair will rise over the next few
days. You simply enter how much
you want to
win, say $100, what level you think the pair will rise above, say 1.2140 (a
rise of at least 66 pips on today's level)
and by when,
say 5 days from now.
The stake for this bet is $16.
There is a far
greater choice of bets than spread betting and, because you can lose your stake
and no more, downside risk is
much reduced.
There are myriad different options, including range trading - where an index or
currency pair trades between
two levels for
a specific time, for example. Bets can be customized in real time on the
website. The site then delivers the price
of the bet
based on market conditions at that moment.
Betting on the financial markets is a
huge amount of fun. We are surrounded by market news and it only makes sense
that we
should be able
to take a punt on the markets in the same way we do with sports. And unlike
traditional investment it has the
advantage that
here you are given a clear idea of the risk associated and the maximum loss you
can incur.
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