Any feedback on Ayondo spread betting social platform?

bowlhead99

daryah wrote: »

Is it truly gambling and risky as the lotto or horses?

Yes, absolutely, as you are basically betting on which way the market will go and you don't know which way it will go.

maybe, but it does have a greater lure of something more certain for right or wrong..

Slick marketing is all about you feeling a lure whether or not the product is any good or the risks are high.

Furthermore, you can also set a stop loss on any figure higher then 5%.

You'll probably discover that most markets can move to take out your 5% stop and gobble up 100% of your leveraged 'investment' in a really short space of time. It's the nature of markets.

In reality you have to understand the idea of drawdown, volatility, risk score and multipliers to tone the risk levels to a point where risk/return is palatable.

The risk is clear, the return is only palatable if you get lucky

if it works out then I have made tax-free returns and have a story to tell. based on first hand info..

if it does not work then I have "learnt a lesson" and have a story to tell based on first hand info..

Sure, but you can learn the lessons through simulation or imagination or reading about the people who lost their money whom the product provider calls 'exceptions' while the rest of the investment community call 'the expectation'. Learning by your own mistakes is great, but it is often financially cheaper not to make the mistakes in the first place, and simply not sign up.

Spread betting is a type of financial instrument where the winner is the spreadbet operator - the market maker making the spread on all the trades - and the loser is (on average) the customer. You might be a lucky punter who is not one of the loser just like at a poker table you can beat the house rake by taking your winnings off the other players around the table. Difficult to go into something like financial spread betting with an expectation you will make money off everyone else around the table.

When it is moved into a social platform that doesn't improve your odds, it just gives you someone to follow off a precipice into losing an amount that's more than you really intended to lose - because you might like the social engagement and follow someone's trades but you don't know what someone's strategy is or how deep their pockets are when you start to follow them, only when you follow them into losing your money and it turns out they could afford it and you couldn't.