It is a paradox where some of the people have gone to riches while some have turned to rags due to the financial spread betting. There are many factors that have to be considered before you switch onto this type of financial betting. As this type of betting is highly risky one needs to put in a very small amount that one can afford to lose. There are several companies that provide such type of betting facilities and they also have stop loss account into their system. Due to this feature a person will be able to put a cap on the amount of loss that he has suffered and stop it from losing any further. If you are a novice in financial spread betting it is important for you to get training about how to plan strategies, how to invest money and such other factors under the guidance of a person who is having good experience in this field. Companies also provide training programs for the purpose of financial spread betting. You can take up the 6 week course offered by so many companies to understand the basics of commodities foreign exchange and equities. One more aspect that is needed in order to gain profits in this type of field is that you should know to gamble people. The main advantage of financial spread betting is that only the membership fee is paid by you and not other fees and taxes. For a trade of this kind to be undertaken one has to necessarily have their PC supportive of browsers such as Internet explorer 7 Mozilla Firefox and Safari. The software programs like Java and adobe flash player will be needed to undertake the trade in any system to take the positions. One can take a position in the betting in two ways like fixed odd and bet placed. The topmost benefit that one has with a financial spread betting is to the ability to choose a bet at any point as per ones requirement effortlessly. There are so many markets in which one can take up the trades like currencies interest rates indices trading bonds commodities house prices. When one undertakes the financial spread betting they do not have to pay any taxes on the profits earnedapart from exemption from stamp duty. It is enough if one can put in a starting capital of about 100 pounds in this type of financial spread betting. A small quantity trading does not attract any commission or penalty. Another major plus point is that in this kind of betting there is no loss of ones currency. You can even earn money on the online platforms as well.