Vince Stanzione Financial Spread Trading Independent 26/7/11 Page 32
SELF-MADE MILLIONAIRE Vince Stanzione amassed a fortune and a jet-set life on the Mediterranean by gambling on stock market price movements over the internet. And now he shares the secrets of his system, insisting that it’s so simple, anyone can do it.
“Stock market traders like to build a mystique around what they do, hiding it all behind jargon to keep people out,” says Stanzione. “Phrases such as ‘spread betting’ and ‘gambling on price movements’ can initially be off-putting … but what lies behind them can be easy to learn and accessible to anyone with a modicum of common sense and a determination to earn more from their money than the miserable rates offered by today’s savings accounts.”
“You need to put aside a few stereotypes,” he continues. “This is not the world of hot-headed youths storming through the city yelling “sell”. In fact, I see a lot of interest among the 55+ age group and many retired people who’ve become fed up with seeing almost no return on their savings.”
Stanzione has turned the system that made his fortune into a personal training package called ‘Making Money From Financial Spread Trading’. Consisting Trading’. Consisting of a workbook, two DVDs, a dedicated members-only website and full support, the package covers both spread trading and conventional sharedealing and, importantly in these unpredictable times, shows how money can be made from shares going down, and even sideways, as well as up.
“The package is designed for people with little or no experience,” says Stanzione. “I’ve demystified everything, I take students through it step by step and I provide a dummy account to practice on, all within the package. You start by studying, then you try a few small bets and work up from there at your own speed.”
you try a few small bets and work up from there at your own speed.”
“Typically, students spend around 30 minutes a day and can do it from anywhere. In fact, we’re seeing more and more people trading on their mobile phones and iPads, often as a sideline to their main job.”
The system is adaptable to different markets, such as commodities, shares, currencies and indices. “Trading trends are like fashions: they change regularly and you need to go with them. At the moment we’re seeing a lot of interest in commodities such as oil, silver, gold and coffee, which can all be traded through the programme.”
Another old trading stereotype to dismiss is the idea of “betting your shirt” on a single idea. “This is the stuff of movies. You don’t have to make money from every trade,” counsels Stanzione. “In fact, that would be very unusual. You don’t even have to make a profit from the majority of your trades. If you lose a little on eight but do well on two, you’ve sensibly spread your risk and come out in profit, which is how any prudent investor works. And you don’t ‘bet’ large amounts on a whim. If you think something’s good, invest a small amount to test the water and then go for a bigger amount if you’re happy with the result.”
Of course, there are no guarantees of a return but learning from an expert greatly improves the odds, and trading with a financial spread bet has the added attraction that profits are tax-free. Would-be traders can start with as little as £1000.
For more information visit theFintrader.net