1. Leverage: leverage plays a vital roles in derivative trading and spread betting is no exception. Leverage is like a double edged sword; you can amplify your profits but you can also lose more than you would like. Treat it with caution.
2. Probably the biggest advantage: no tax, no stamp duty, and no Capital Gains Tax. Yes, it's true, you have to pay nothing in tax and all your profits are tax free.
A word of caution you can't offset your CGT liabilities against spread betting losses.
4. Go long or go short: gone are those days when you could only buy shares and hope for the best during the tough times. Now you can go long or short, meaning you can buy or sell any market and benefit from the falling prices.
Top 10 Ways To Become A Better CFD Trader.
In this thread we'll discuss what it takes to become a better and more successful CFD trader. independentinvestor.com/cfd/successful…
Invest In Your CFD Education
If you want to trade like the best traders you will have to train like the best traders. The best traders are always trying to learn more and improve their trading strategies. You have to be the same way. Trading is a very competitive game.
Learn How To Be Flexible
There is nothing static about the markets. They go up and down several times a day. If you aren't flexible it will be very hard time being a top CFD trader. You have to open minded and willing to embrace new ideas. Doing so will help you stay ahead.
What is forex affiliate marketing?
Ever thought of monetising your traffic or followers through forex affiliate programs but not sure where to start?
In this thread we cover how they work.
Here are some of the best forex affiliate programs: independentinvestor.com/news/forex-aff…
What is an affiliate program?
An affiliate program is basically an agreement where you, as a promoter, get paid a fixed amount of money for every referred customer you send to the merchant. In essence, it allows you to earn money from your visitors who buy promoted services.
Where do I get traffic from?
This is a beauty of affiliate marketing as you can utilise many different means like websites, blogs, email lists, social media, forums, etc. as long as people are interested in the service you are promoting.
Do people still use forex and other trading forums?
Forums still play an important role as it is an easy way to share your trading ideas and talk to fellow traders.
Here are a few ideas why cfd and forex forums are still good: independentinvestor.com/forex/forex-fo…
There are many trading instruments to choose from... let's take CFDs, forex, and financial spread betting to start with. On forums, traders share about their experiences and help you to choose the right instrument for you.
What about strategies?
What about your favorite strategy? Forums allow traders to share their strategies and tests. It is a good idea to share and see what works for others.
Looking for the best forex account?
What do you check and how do you find the best forex broker for you needs? What does it take to find a good forex account to be safe and concentrate on trading? independentinvestor.com/forex/brokers/
Let's see what forex traders look for:
1. Reputation.
Do you read what other forex traders have to say about your broker? In fact, it will take you just a bit of time but you get to see what others think and how good your forex broker is. Don't underestimate the value of reviews.
2. Regulations.
It's needless to say that you should only trade with regulated forex brokers. Choose a broker which is regulated and avoid the bucket shops. You will benefit long term if your broker is regulated and your funds are protected.
What is the deference between Contracts For Difference and financial spread betting?
Let's get the main points right and see what they have in common and where they actually differ.
spread betting vs CFDs independentinvestor.com/cfd/cfds-vs-sp…
1. Both, spread betting and CFDs, offer a wide range of markets to trade; you literally can trade practically anything with both instruments - indices, shares, commodities, cryptos, forex, etc. It's incredible, you can trade almost anything.
2. Tax Treatment. That's where it gets interesting as both offer tax advantages as you don't actually hold physical assets but and this is a big but, there's absolutely no tax on your profits from financial spread betting.
What is the best spread betting broker?
This is the questions many might be asking and there is no right or wrong answer.
But there are ways to find the best spread betting companies and here are some tips: independentinvestor.com/spread-betting…
1. Regulation. Make sure your financial spread betting broker is regulated by the FCA. The FCA do their best to protect spread betting traders and anybody involved in trading financial markets to make sure people only trading with reliable brokers.
2. Spreads and overnight charges. Those will play a huge role in your trading career as every single penny you pay in charges is a penny saved and thus profit. Make sure you compare and read reviews about spread betting brokers.