This is true that spread betting is tax-free but it's important to understand that if you use spread bets for your business then the gains will be taxable. Otherwise, spread betting is a tax efficient trading instrument in the UK and Ireland.

Potay90 has been practicing on demo since 2014... that's 7 years. You advise him to stay on demo for another 7 years? You learn by far more if you trade micro lots than demo.

With the amount of information at your fingertips, surely you can learn on your own. But you have to be determined and dedicated. I've met people who were studying forex for years and were still scared to trade for real. If you never try you never ...

There are a number of reasons why people join forex trading: 1. Money... obviously 2. To be cool... look, mates, I'm trading forex 3. Just bored and want to try something new

looks like not many use financial spread betting for trading anymore.

To offer financial spread betting, the platform should tweaked and many brokers are not eager to do so (costs extra) and would rather use mt4.

Totally agree... it's human psychology to think that paid stuff is better than free. There're plenty of resources about trading available for free but it's up to individuals to decide. I have a friend who wanted to pay over £2,000 for forex trading ...

CFDs are mainly for UK and Ireland. In some EU countries, your can't use financial spread betting and have to use CFDs. I think it's the same in Australia.

url - a list of reputable and FCA regulated financial spread betting brokers. But it's up to you to choose the broker(s) which suits your needs, there's no such thing as one-fits-all and it's wise that you shop around.

CFD trading involves paying Capital Gains Tax

Trailing stops are similar to stop loss with a exception that it moves as the price moves - url Not everybody uses trailing stops as most use normal stop loss. But I find it useful if you want to lock a profit from your trade and don't want to ...

With so many resources and courses available on-line for free, it makes my mind blow why some people still pay for coures? Do they really expect to learn something new or a method which would guarantee them money? LOL

Trading at night (for europe and US) is lame unless you trade Asian markets but even then they only move for 1-2 hours around midnight (London time). Also, find that trading 1-2 hours before US closing can be very tricky at times.

Oops, my bad, you're absolutely right as we're talking about fx here and not bank deposits so it's up to 50k.

claudia, now £85k is protected by fscs... and you're absolutely right, one should only trade with fca regulated brokers.

It doesn't really matter if you use spread betting or CFD account (well, with CFDs you have to pay CGT), but overall they work in a similar way and in the uk most of the CFD brokers are market makers so it's up to them to create adequate liquidity. ...

Thought binaries were gambling so it's tax free?!

you don't get taxed if you spread bet but you do pay tax and cfd and forex trades.

Spread betting is a saturated industry so you should always look out for tighter spreads. 2 point spread on gbp/usd seems uncompetitive nowadays. if you're still looking for tight spreads and sign-up bonuses then you should visit - url , you can ...