Spread betting sites, which specialize in online trading, such as Tradefair and IGIndex, are now the norm for mainstream online trading. Day traders in all circumstances can use this trading software to identify reliable and clear indicators to buy or sell on a specific future market position.
Day traders can also use this trading tool to guide them on how to make trading decisions, such as whether they should move for a trade or monitor market conditions. They can also exit from trading positions and decide whether to exit. Spread betting provides these leverages without the need for a broker commission. All trading activities can be done online.
Financial spread betting gives both novice and seasoned traders the ability to trade commodities such as gold, oil, and wheat, and share indices such as the Dow Jones or FTSE 100. All these trading activities can also be performed across a wide range of currencies. Spread betting’s distinctive feature is the non-taxability of the financial spread.
These are 5 reasons you should consider financial spread betting.
1. It is easy to implement
Spread betting on financial markets is based on the principle that you only place a single stake per point. This system is applicable to all futures markets and all market conditions. Although the system might seem complicated at first, it can be easily understood by anyone 맨션88.
2. Minimal initial capital requirement
Spread betting is possible without having to blow your bank account. You won’t need to worry about broker commissions, unlike share trading. Even if you trade small amounts, you won’t be burdened. The spread size already includes incidental costs and they remain the same regardless of how large your trade position is.
3. Trading system that is completely tax-free
This system does not impose tax duties or stamp duties on the financial benefits. This can lead to huge profits, especially if you’re making financial progress and surpassing the capital gains threshold. You must be aware of any changes in tax laws so that you can maximize your earning potential from trading.
4. Currency fluctuation protection
You are also at risk of currency fluctuations if you buy in currencies other than your own. Spread betting is different. Your transaction is executed on point-to-point shifts and the currency factor does not enter the trading equation. This system has the advantage of allowing you to take the volatility and highs of the currency you trade.
5. Diverse applications
This type of trading system allows for you to stake your stakes in different markets with one spread betting account. This allows you to choose individual equities (local and foreign), currencies, interest rates, futures, commodities, and bonds.