Sorry. But if you look around these forums (just the posts in the last HOUR let alone ALL of them) one does tend to become rather skeptical.
My personal opinion then is this:
From what I gather you have access to some decent money. Assuming this is correct: you therefore don’t have to mess about with this spot FOREX lark (and from what I gather you’re pretty well versed in trading CFDs on Indices). Maybe give it another shot. I’m happy to help if I can. I’ve got two threads going here detailing two different trading systems and methodologies (one of which I’ve been trading for the last five years so is proven and consistent). The latter doesn’t take more than a half hour per day (per night) of your time. Take a look. May not be your cup of tea. But just a suggestion is all. But only for the well funded and that are happy to trade only Equities and Commodities (mainly the major Indices and in whatever form i.e. could be Futures, CFDs, ETFs, take your pick). The tried and tested one certainly allows a person to get on with other aspects of their life (matter of fact it’s actually PREFERABLE to NOT sit and nurse the thing during the day). My other one that actually started out as an experiment with pivots has actually become far more than that now. But that’s day trading and you will need to fork out some money to pay for decent charts and data (and for me there’s only ONE option and that’s TradeStation).
And ACTUALLY this is case in point:
Do you know that I was NEVER able to trade pivots intraday. NEVER. And this in spite of spending all those years reading about them and watching them and whatever else. But all of a sudden and as if by magic: I can trade them now with my eyes closed and in perfect peace and serenity. This goes back to what I was saying earlier on your thread: for some obscure reason or the other stuff that I just could not handle or grasp or follow or trade from 2005 to, say, 2012 (somewhere around there) just NOW makes total and utter sense. Even worse: I had the details of my core trading system back then. But thanks to some individuals that APPARENTLY backtested it with MT4 automation I never gave it a second thought because they told me it wasn’t profitable. And I listened. Well surprise surprise: it was like the blind leading the blind back then. How could I have been so stupid so as to trust OTHER new traders to backtest a trading system when in all probability they new less than I did at the time!!! I don’t have many regrets in life but for sure one of them is that I didn’t just knuckle down, do my own backtesting, and simply trade the darn thing. I can tell you right now that I’d be a very rich man today given the capital that I had at my disposal back then. But alright it is worth mentioning that they backtested the thing on FOREX pairs. It was never designed to trade FOREX i.e. specifically designed for trading ETFs. But like most new traders: back then ETFs and Equities and Commodities were the unknown and untouchable. More wrong I could not have been I’ll tell you.
Anyways. Whatever you decide to do I wish you well.
You’re already half way there i.e. you have a spread betting account with ETX. So that’s already half the battle won. And really nothing more required to trade something like my core trading system. If you want to trade intraday e.g. pivots or scalping the S&P using tick fades well then you need TradeStation (all in all will cost around $150 per month with all the relevant data feeds but you can get away with just $99 per month which will at least give you the realtime NYSE $TICK). And if you REALLY want to get serious (my broker gonna kill me for this) then open an account with TradeStation Securities and you can trade PROPER Futures on the CME i.e. they’ve just made available MICRO contracts on the Dow, S&P, NASDAQ, and Russell 2000. And with just those four instruments: anybody can make a decent living.