How can sports punters bet on the financial markets?

For many sports punters, betting on the financial markets may seem like a daunting and unattractive prospect.

However Spreadex’s new Financial Fixed Odds betting markets are the perfect way to try your hand at some simple financial bets, without the kind of risks normally associated with stock market trading or financial spread betting.

Professional traders or seasoned financial spread betters often rely on a range of technical indicators to help them decide whether different financial instruments are likely to go up or go down over set time periods.

But for the novice trader, some of these methods can seem confusing – which is where the short-term, fixed-risk Financial Fixed Odds betting markets come in.

These markets are simply based on whether a given market will be higher or lower than its current price at a nominated future expiry point – either in 60 seconds, two minutes, five minutes, 15 minutes or 30 minutes.

Simply choose your financial instrument (e.g. GBP/USD, based on the exchange rate of US dollars to the pound), input a stake level (minimum £15), select the length of time for your bet to run, choose whether you think it will end up lower or higher than its current level and finally hit ‘Submit’.

Potential profits are shown beneath the stake box and you can follow the progress of your bet via the live chart feature.

With these bets, all you are risking is your nominated stake so there is no danger of your losses running up if you predict a market to rise but it suddenly plummets.

Also these markets are based on quick results over a short time period meaning there is no need to spend time researching a long-term trading strategy. This makes these markets perfect to try out while you are patiently waiting for your chosen sports event to start before you can indulge in some satisfying in-play fixed odds or sports spread betting!

Spreadex’s Financial Fixed Odds bets can be placed on a limited number of 12 different financial markets.

Three of these are stock indices; the UK 100, the Wall St and the Germany 30. Stock indices are measurements of the value of a selection of companies who belong to a stock market in a certain country and indicate whether the overall value of those companies is rising or falling at any given time.

The remaining nine are FX markets based on the following currency pairings; GBP/USD (the value of pound sterling against the U.S. dollar), EUR/USD (the value of the euro against the U.S. dollar), EUR/GBP (the value of the euro against pound sterling), USD/JPY (the value of the U.S. dollar against the Japanese yen), AUD/USD (the value of the Australian dollar against the U.S. dollar), USD/CHF (the value of the U.S. dollar against the Swiss franc), EUR/JPY (the value of the euro against the Japanese yen), USD/CAD (the value of the U.S. dollar against the Canadian dollar) and GBP/JPY (the value of pound sterling against the Japanese yen).

So if you have a view of whether the UK 100 is going to be on the up or will lose value on a particular morning or afternoon, or if you feel sterling is going to strengthen or lose value against the U.S. dollar at a particular time of the day, have a look at Spreadex’s Financial Fixed Odds markets.