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Trading News In Simple Terms
Trading News In Simple Terms
In Simple Terms |
| Written by Trader Hideout Editor | |||
| Friday, 17 April 2009 14:29 | |||
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You may think that financial spreadbetting is something new, this may be the case if it’s something you are relatively unaware of. However this is not the case, spreadbetting has been around for 30 + years in the UK having developed in the 1970’s. Stuart Wheeler formulated an arcane, high-risk method of gambling on the movement of the stockmarkets, which also spilled over into the sports world. The current escalation in spread betting has been due to the arrival of the smaller investor and not simply because it is limited to stockbrokers and professional traders. Reports show that around 80% of account holders in spread betting are ‘ordinary investors’, some taking their spread betting more seriously than others, however whatever their participation, professional or for fun, spread betting is a very up and coming ‘interest’ to be taking up. Having studied the finer rudimentaries of spread betting, all it takes is knowledge, skill and experience for you to reap the benefits of your endeavours. Some people assume that spread betting is an actual gamble, but this is possibly because it is called spread ‘betting’. The only gamble is your own personal ‘gamble’ as to whether you win or lose money but if you think of it as spread ‘trading’, this diverts your attention to the generic term ‘bet’. The term ‘betting’ is used to incorporate current UK legislation which allows the spread better to avoid income tax and capital gains tax on their winnings.
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