Vaco
Senior member
- Messages
- 2,134
- Likes
- 269
It seems to me that most first timers are dipping their toe into trading using spreadbetting accounts.
Considering that this is probably the hardest way to make an easy living I dont believe that this is the best option.
Tax should not be a consideration at this point as you have yet to prove yourself to be a profitable trader and even then the first 8k is tax free anyway.
I've heard plenty of complaining about multiple spreadbetting firms spiking prices, crashing software/freezes, requotes etc.
This leaves CFDs and Direct access.
I find that DA is expensive to get into and best left untill you have mastered the trade.
So i think first timers should choose CFDs, simmiler benefits to spreadbetting with better regulation so none of the nonsence.
Thats my advice, but what about everyone else?
Considering that this is probably the hardest way to make an easy living I dont believe that this is the best option.
Tax should not be a consideration at this point as you have yet to prove yourself to be a profitable trader and even then the first 8k is tax free anyway.
I've heard plenty of complaining about multiple spreadbetting firms spiking prices, crashing software/freezes, requotes etc.
This leaves CFDs and Direct access.
I find that DA is expensive to get into and best left untill you have mastered the trade.
So i think first timers should choose CFDs, simmiler benefits to spreadbetting with better regulation so none of the nonsence.
Thats my advice, but what about everyone else?
