Exactly what is the best way buy and sell in finance markets given ...
Posted on August 25, 2011
Filed Under Investments | Leave a Comment
It was budget day earlier on in England and there were some tax increases for us all. This wasn't surprising given the state the existing finances of the United Kingdom are in. One of the taxes to go up was the capital gains tax.
This is something that may hit lots of traders hard. I am fortunate that I do financial spread betting as this implies that I don't have to stress about paying capital gains tax is it is presently exempt in Great Britain.
As the budget was being claimed the markets were declining. This is awful news for a lot of investors and they have an inclination to have a buy and hold technique leaving them with a ?long bias ? in the market. With financial spread betting you could?ve milked the declines by taking a short position.
In another financial market, currencies, there had been a different picture arising. While the stock market was falling the British pound was strengthening. With financial spread betting you can trade in different markets from the same account so you could switch your short position from the market to a long position in the pound in a couple of seconds.
It was obvious to me that I cannot depend on the state to support me in my old age. I need to do that myself. People know this but are put off from investing because they don't enough starting capital. This isn't a problem with financial spread betting as you do not pay commissions on your trade so there is not any advantage to trading large.
Before moving on I will say that there are risks concerned. You trade on a margin meaning leverage. This is beneficial when you win but you can lose everything if you don't control the risks.
Yesterday was an excellent example of how financial spread betting works for me. Think about all of the risks and rewards before you decide if it will work for you too.
Would you like to discover more info on financial spread betting? Should you then ensure you check out our website. I can demonstrate easy methods to reduce dangers and pick out from one of the many spread betting companies which you?ll find to choose from.
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