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    Financial Spread Betting, does anyone here do it?
    I'm interested in it, but atm I'm just learning by analysing the Dow Jones and its patterns. Still a beginner and no trades made as of yet!

    There is also Currency Trading, Buying Stocks and Shares etc.
    Is this something you guys do?
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    bump
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    www.trade2win.com
    www.elitetrader.com

    FIRST Learn everything you can
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    And Yes, I spreadbet professionally.

    It is a high-leverage, high cost way of doing business. Although profits are tax free, losses cannot be deducted and the first (2) points will kill your bank balance rather quickly.
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    (Original post by crazyb)
    www.trade2win.com
    www.elitetrader.com

    FIRST Learn everything you can
    Thanks! What do you mean by 2-points? And how much do you think is a fair amount to start trading with?
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    (Original post by sakina101)
    Thanks! What do you mean by 2-points? And how much do you think is a fair amount to start trading with?
    Trade2win is a great place to start and learn. Ask lots of questions and make good use of the search function. TSR unfortunately is full of trading wannabes - take all replies with a pinch of salt

    2 points - Highly risky, losses cannot be offset against gains.

    Don't risk your hard-earnt money quite yet. Open a demo account with cmc spreadbet and do some 'mock trades' their trading platform is excellent.

    Finspreads IIRC allow you to trade for 1p/point for the first couple of months.

    Good luck, it's a very long journey, but the gains/potential lifestyle are unparalleled.
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    lots of info here http://www.financial-spread-betting....ding-faqs.html
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    (Original post by crazyb)
    losses cannot be offset against gains
    Can you explain what you mean by this? Surely if there's no tax payable on winnings, the concept of offsetting is irrelevant?
 
 
 
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