Forex, contracts for difference and spread bet losses: bad luck or victim of a scam?

Paul Barnes (+44 (0)1949 850464, paulanthonybarnes@outlook.com, www.paulbarnes.org.uk) is a semi-retired professor of finance and accounting. He regularly acts as an expert witness in cases in this area.

In the long run, betting against the house is a losing game and so, says Paul Barnes is trying to make money backing views on the short-term price movements in financial and commodity markets: the odds, after broker commission, are stacked against the trader, and that’s before any risk of fraud.