Whether or not you're a 'pro' and, more to the point, what you're a pro in or at remains to be seen. One thing's for sure; Trader333 is not your son.I am pro Son
That as may be, but as Trader333 has pointed out, if you're a U.S. resident, then you don't (legally) have an account with a U.K. spread betting firm. Unless you've traded with a SB firm, then you're not really in a position to make the judgement you've made.I have accounts all over the globe, multiple addresses
I guess he would be able to trade a CFDs account in a corporate environment which is located somewhere in Europe.jkane,
Whether or not you're a 'pro' and, more to the point, what you're a pro in or at remains to be seen. One thing's for sure; Trader333 is not your son.
That as may be, but as Trader333 has pointed out, if you're a U.S. resident, then you don't (legally) have an account with a U.K. spread betting firm. Unless you've traded with a SB firm, then you're not really in a position to make the judgement you've made.
The bottom line is that, for you, trading the underlying instrument via a direct market access broker is the way to go. And that's fine.
Tim.
Any serious trader is trading the underlines at real stock and futures exchanges
CFD's and Spread Betting are good learning tools for the small trader
anything serious and your a real sucker![]()
Yes you are right, at least we have a choice (UK residents), which they don't have as a private person in the US.In the UK if you are trading the underlines at real stock and futures exchanges is simply a way for you to ensure you pay 18-28% capital gains tax on any serious winnings. If HMRC decide you are doing it for a living then they may try to come after you for 40%+ rates of income tax .
Spread betting is slightly more expensive (as the SB Firms have to add their costs into the spread you are charged, including the 3% tax that they are charged on clients losses = their profits) however as there is no tax to pay on winnings in the UK (and no tax return to complete) they you have to be a "real sucker" not to use spread betting as you vehicle of choice !!
In the UK if you are trading the underlines at real stock and futures exchanges is simply a way for you to ensure you pay 18-28% capital gains tax on any serious winnings. If HMRC decide you are doing it for a living then they may try to come after you for 40%+ rates of income tax .
Spread betting is slightly more expensive (as the SB Firms have to add their costs into the spread you are charged, including the 3% tax that they are charged on clients losses = their profits) however as there is no tax to pay on winnings in the UK (and no tax return to complete) they you have to be a "real sucker" not to use spread betting as you vehicle of choice !!
very hard to scalp using spread betting or cfd's..spreads to wide
Quite many are scalping the futures on a professional level, but I understand the irony in your post. Scalping CFDs is quite clear harder to do, compared to scalping the futures. I think trading CFDs on a more longer time frame is to be preferred if trading CFDs.Scalping is for degenerate gamblers. Scalping is trading for poor people who can't afford to hold a trade open for more than a day.
very hard to scalp using spread betting or cfd's..spreads to wide
Holding trades and you will get caught and eventually lose everything
In fact I think it is the other way around due to the cost of spread and commission, I wish I would be able to swing trade more.only pros make money scalping and actually best way to be successful
Holding trades and you will get caught and eventually lose everything
only pros make money scalping and actually best way to be successful
Holding trades and you will get caught and eventually lose everything