LONDON, ENGLAND, April 21, 2011 (Press-News.org) In the United Kingdom, spread betting is rapidly gaining popularity among traders and investors who are abandoning futures trading for duty free gains; financial spread trading being a tax-free alternative to conventional trading. With CGT having increased to 28% in 2010 for higher income tax payers, and spreadbetting being presently free of Capital Gains Tax and stamp duty, it shouldn't come as a surprise that financial betting is a rapidly-expanding area of financial trading.
Spread betting is a method of trading the financial markets by betting on a particular stock regardless of the direction of the market. Without ever taking physical ownership, investors are able to make money without the costs of capital gains taxes. Investors have the added benefit of participating in thousands of different markets while managing a single account.
David Summers, Co-founder of Spread-Betting.com, discovered the world of spread betting 3 years ago. Like many people who begin investing in traditional shares, Summers grew impatient with the conservative results. "When you have starting capital of almost nothing, that million dollar goal seems awfully far away." Through personal reading and studying, David put together his own trading strategies and gradually found success. "Financial spread trading offers you the possibility to multiply your money when you correctly predict an outcome."
Unlike other coaching and support programs, Spread-Betting.com provides traders and investors with educational articles, videos, tools and online training free of charge. The company recently upgraded the website to introduce a clean, user-friendly layout for its extensive financial trading resources. The website passes along relevant and current information about spread betting brokers by featuring a broker review section for traders to compare spread betting companies.
David reminds investors that financial spread trading can result in losses. "Betting on financial markets is speculative and you should never bet with money you cannot afford to lose." He suggests testing a spread betting platform before opening an account. Simulator accounts are available through most brokers to familiarize users without risking any money. David recommends, "Take a few months and create a consistent plan of when to enter, when to get out, and how much you are willing to risk."
To find out more about spread betting or to access free financial trading tools, visit our spread betting course.
About Us: The Spread-Betting.com Trading Academy is a coaching and educational resource of Spread Betting Ltd and envisages free training to traders and investors who are interested in financial spread betting or CFDs trading. We believe the only really effective way to empower investors in their financial decision-making is through information. Our training courses are designed to suit your level of knowledge, and are offered by tutors that focus on training and teaching new and experienced traders alike.
Online Spread Betting Resource Helps Traders and Investors find Success
Unlike other financial spread betting coaching and support programs, Spread-Betting.com provides traders and investors with educational articles, videos, tools and online training free of charge.
2011-04-21
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[Press-News.org] Online Spread Betting Resource Helps Traders and Investors find SuccessUnlike other financial spread betting coaching and support programs, Spread-Betting.com provides traders and investors with educational articles, videos, tools and online training free of charge.