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Written by Trader Hideout Editor
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Tuesday, 02 December 2008 16:05 |
If you want to start spread trading, then the first step is to open an account, which is a pretty straightforward process.
You can have an online or telephone account. As an investor, you can hold a ‘credit’ account, where you can deposit funds into your account with your chosen spread betting company and any profit or loss is added or removed from your account.
A ‘debit’ account is where you provide credit or debit card details and when you place your spread bet, the maximum potential loss is taken from your card upfront and any profit is later credited back to your debit or credit card.
If you have any funds sat in your account, the spread betting firm will pay interest, often monthly, on the account and you will receive regular statements in accordance with the Financial Services Authority (FSA) requirements. The spread betting industry is regulated by the FSA and all accounts are kept separate from the spread betting firms trading accounts.
In addition, you are free to open as many spread betting accounts as you wish and accounts may be closed at any time. |
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Written by Trader Hideout Editor
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Monday, 01 December 2008 15:47 |
When investors first start to explore the opportunities that spread betting has to offer, they usually come across financial spread trading, forex market trading and foreign currency trading.
Although it is common for investors to spread bet on the financial indices, this is just the tip of the iceberg and there are actually a wide range of opportunities for a private investor to take advantage of, ranging from spread betting on individual shares, politics, property and particularly sport.
In fact, the area of sport has become a fast growing section of the spread betting industry and as sport is notoriously unpredictable, it is a great setting for the spread betting industry.
Financial spread trading has proved popular with those who like to trade regularly and has the advantage that it is a great way for investors to profit from falling markets.
Other advantages of spread betting that have helped it to boom in recent years are the tax discrepancies. There are no taxes at all on spread trading, no stamp duty and no tedious paperwork to complete. As it is possible for investors to bet on the rise or fall of such a wide variety of commodities, shares, currencies and markets with a clearly defined opportunity for higher than average profits (or losses), it is no surprise that spread betting continues to increase in the present economic climate. |
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