Spread Betting is a form of trading stocks, or any other security by placing your trades on a brokers/bookmakers price rather than the actual market. Trading this way means (in the UK) you don't pay any stamp duty or become liable for capital gains tax on your profits (if there are any!).. But lets get down to the nitty gritty, stocks, indices, forex or commodities, ideas to trade or charts to watch... :) All welcome..
What is Two Blokes Trading? Two Blokes Trading is a fun and informative podcast and website for new and experienced home financial traders. It follows us, Tom and Owen, as we learn to trade profitably and consistently. We interview leading traders and trading industry insiders every week on the Podcast to give our listeners the best chance of becoming profitable traders.
Let's say you had powers to be 100% in forex spread betting. The daily volume of forex in around $5.3 trillion. If you could capture 1% of that you'll be earning $53 billion a day. What would you do with that income? I would be a philanthropist and save the world with my money.
free quality healthcare for everyone in the world
free quality education for everyone in the world
access to basic quality of life item such as water to everyone in the world
free policing to everyone in the world (so I have my own paramilitary army)
A friend said that if I do that I would collapse the world economy ... is he right? Would lawmakers try to stop me?
PDT Pattern Day Trading Rule - why do I get flagged when I'm not trading on margin?
Hello! I'm hoping someone can help clarify this. Trading with Robinhood (will certianly be moving of this platform in the near-term). I used to trade forex (spread-betting) in UK. Now in the states i'm delving into options. From spreadbetting forex, I like to day trade. Why am I getting flagged as PDT? I do not believe I am trading on margin, I waited for all deposits to hit the account before I traded. I'm quite confused at this point - I thought if you weren't trading margin this should be fine. Any guidance on this?
Can anyone share any advice for someone starting out in leveraged trading/margin trading? Spread betting, CFDs, FOREX
I'm starting out investing and think I will try my hand at spread betting as it has tax benefits over CFDs. I know how risky it is and I'm not planning to have more than 10% of my savings exposed at any time. I'll most likely be betting on indexes and I've done quite a bit of analysis of the FTSE 100 but if you have any advice on commodities it would also be welcome.
Why do people choose to do retail trading if spread betting is tax free (UK)?
From what i understand you'r ultimately betting on the price going up or down in both scenarios and the benefit is with spread betting you'll keep more of your profits as you get taxed less. Forex brokers are just offering CFD's and isnt this going to be the same as betting in spread betting? Am i missing some understanding of benefits/negatives as to why forex is more generally traded?
Google is ready to ban binary option and cryptocurrency ads
Well, it’s about time, Google is next in line to pose a stiff challenge to the largely fraudulent online trading industry. The world’s largest search engine has just announced that it plans to ban all cryptocurrencies and binary options advertisements, and it is cracking down on ads for various other speculative financial products.
Say goodbye to binary options & cryptocurrency ads
The new rules, which are scheduled to take effect in June, will flat out ban adverts for binary options, cryptocurrencies and all related content (including initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice. Cryptocurrencies have surged in popularity over the last year thanks to a boom in the price of bitcoin towards the end of fiscal 2017. This coincided with a surge in initial coin offerings (ICOs), where numerous startups have issued their own cryptocurrency in exchange for money to construct their businesses.
Taking Facebook’s lead
Google’s hard-line approach follows a similar ban that Facebook enacted earlier in the year in banning cryptocurrency related advertising on its platform. Scott Spencer, Google’s Director of Sustainable Ads said in a recent blog post that the clampdown is part of Google’s efforts to shield consumers from online trading scams. However, much of the online trading world is unregulated, which in turn has attracted scammers looking to make quick money. Last year myriads of “pump and dump” filled the market, while this year bogus ICO projects have become routine.
Forex & CFD Crackdown
Google is additionally coming down on ads for contracts for difference (CFD), spread betting, and foreign exchange (forex) instruments on its platform. These products carry a high level of risk and the entire industry is under increasing regulatory scrutiny across Europe over the past year thanks to severe investment fraud sweeping through the continent. The UK’s Financial Conduct Authority (FCA) issued a warning in November that cryptocurrency CFDs are incredibly high-risk, speculative products that risk the investor suffering significant losses. Research conducted by the FCA showed 82% of people who use the products lose money, implying CFDs are more similar to gambling than investing.
Affiliate marketing for online trading takes a hit
Google additionally announced it is banning ads from affiliates and aggregators who traffic leads to online trading brokers. These websites earn a commission for referring new clients to these products that are lightly regulated. The search giant will require CFD, spread bet, and forex websites to register with it if they want to advertise on its platform and all brokers must be licensed in the country they are looking to advertise in.
Pressure getting to Google
Google’s financial marketing crackdown arises among continued pressure on the search giant, which additionally owns YouTube, regarding the way it runs its advertising procedure. Google has been heavily criticized by the media and politicians for permitting everything from radicalization to binary options trading on its advertising platform due to careless controlling of content and advertising. Spencer did state in his blog post that Google removed 3.2 billion “bad” ads last year and announced, “Improving the ads experience across the web, whether that’s removing harmful ads or intrusive ads, will continue to be a top priority for us.” We shall see. However, there is a pretty good chance that these fraudulent brokers will just simply change the name of their product in order to get around Google’s ban and deceive an unsuspecting user.
What you can do
If you are the victim of an HBC Broker scam be sure to send your complaint to [[email protected]](mailto:[email protected]), and we will do our very best to get into contact with you as soon as we can to initiate your funds recovery process.
If I'm unemployed and I profit more than £12,500 a year (tax-free allowance) trading Forex, will I have to pay income tax on all profits above £12,500?
Also, when do I declare it as income? Does it count as income when my Forex account balance increases, or when I actually withdraw the funds into my bank account? So lets say that I gain £20,000 this year trading Forex, but this stays in my Forex account (I don't withdraw any money into my bank account). Will I have to declare it as income and pay taxes on it? Or is that only if I withdraw the profits into my bank account? (by the way, I am spread betting, therefore there is no stamp duty or capital gains tax).
Hi This is something more of a curiosity. In the UK we can trade Forex using spread betting so any gains are totally tax free. However, lets say for some reason you were using a different method. Maybe you were using a broker in another country, or trading Forex using a CFD account. What asset is Forex categorised under for Capital Gains Tax (CGT)? Looking at the government CGT website, it includes shares as being subject to CGT but not Forex, it does also state that selling coins is subject to it. However, Forex is neither shares nor coins; coins being physical objects. And just thinking of this as I type, it also states that CGT is paid on assets. It's arguable though that currency isn't an asset but merely a tool used to purchase assets. After all, there is the often used distinction of people being "cash rich" or "asset rich". Doesn't it blur the line between the distinction of money and assets if you have to pay a tax which is meant to be applied to an increase in value of an asset itself rather than means of exchange? I'm sure there's plenty of legal rulings on this, and this sub will be quite biased on the subject (shouldn't be taxed). Wondering on peoples thoughts on the later. Having a few showerthoughts this morning.
I could go with all the boring metrics but I’m not bothered i fancy this share medium term I will explain why, then you can check it out for yourself. I’m sure being on this thread you are aware of ig ? Igindex?. Ig offers trading platforms for CFDs and spread betting aswell as traditional brokerage services and boasts over 12,000 instruments. It thrives when there is volatility, which I’m sure we can agree has been massive and should continue, last year it paid out its entire profits as a dividend, that yield right now is about <5% They released an RNS 04/06 stating they expected revenue from trading around 40% higher yoy! Since then the stock went from 788p to a high of 862p and settled there about a 830p.. Since June the 4th volatility has exploded and continued traditionally if does well on this and fades to obscurity in normal times... You have all seen for yourself the amount of stupid bets on wsb, huge amount of new entrants to the markets and ig is rated shares magazines choice award. I’ve even seen forex trading advertised by girls on Instagram ! Also The leverage amounts mixed with new traders will mean crushed positions and lots of trades entered so I think that will drive revenue.. Anyway you can look at the boring stuff I know this isn’t how dd is meant to be done, currently has, earnings 43.1 per share on revenue of 477m 20 pe... Forecast revenue of 650m... Say conservatively we get get 50p a share earnings and a dividend the same, that’s brilliant... But covid isn’t going away the new market participants will stay, to some extent and volatility will stay with us! So the stock should go higher.. anyway I realise this is long fan post/ but I thought I’d just get your thoughts
Pepperstone Forex Spread Betting Fees. Pepperstone is one of the best spread betting brokers thanks to tight spreads and ultra-fast execution speeds. The brokers spread betting trading account is commission-free (traders paying no commission fees on top of the spread). Minimum spreads for major currency pairs are some of the best available, with the EUR/USD as low as 1.0 pip. When comparing ... Spread betting is different from the traditional forex trading in various ways. In spread betting, there is no actual exchange of the currency or purchase of the financial instrument that is being traded. Spread betting involves taking a position based on anticipating whether the price of a financial instrument will increase or decrease in the future. This form of betting means an investor ... What is spread betting? Spread betting is a popular form of derivatives trading. It involves placing a bet on whether you think the future price of a financial market – such as forex, indices, commodities or shares – will rise or fall. As you don’t take ownership of the asset, spread betting is tax-free in the UK and Ireland. Spread Betting bietet die Chance auf hohe Gewinne in kurzer Zeit, bedingt durch den Hebel gibt es dabei aber auch ein Risiko, das Sie nicht außer Acht lassen sollten. In Großbritannien sind Erträge aus dem Spread Betting bisher steuerfrei, sodass sich dieser Trend wohl auch in Deutschland in Zukunft weiter verbreiten wird. Spread betting companies that provide MT4 give clients the ability to upload and purchase custom indicators, then run automated trading strategies based on pre-set technical perimeters. Traders can also follow “Expert Advisors” and trade based on established FX strategies without the need to manually execute trades. Metatrader also provides FX traders with around 400:1 margin, multi-chart ... Im Zusammenhang mit dem Handel von Devisen wird häufiger auch der Begriff Spread Betting verwendet. Gerade Anfänger, die sich noch nicht umfassend mit dem Forex-Trading beschäftigt haben, kommen auf die Idee, dass es sich beim Spread Betting Handel um eine ganz spezielle Trading-Form handelt, die vom normalen Handel mit Devisen abweicht. Spread betting is a tax-efficient alternative to conventional trading. You can go long as well as short on a wide range of global instruments. This means that if you believe the price of an instrument (for example the UK 100 or US Wall St 30) will rise, you would go long or buy the instrument. If you believe the price of the instrument is likely to fall, you would sell or take a short position ... The main difference between spread betting and forex trading is that in spread betting there are no physical selling and purchasing of the asset, buying and selling fees are included in spreads. DIFFERENCES: 1. TAX: The implication of tax in spread betting and Forex trading is the main difference. At the time of dealing with Forex trading, you do not win any type of underlying asset, so you do ... Forex spread betting is a category of spread betting that involves taking a bet on the price movement of currency pairs. A company offering currency spread betting usually quotes two prices, the ... Spread betting is a tax-free financial derivate process where participants place bets on the price movement of security such as forex, indices, commodities, shares, etc. Spread betting is recognized as a form of gambling under the law of the United Kingdom because in spread betting the investor does not own the asset, only speculates on the direction in which the price of the asset will change ...
Alright, so let’s move on to some Trading Strategies. Now what I’ve done is I have focused on one specific strategy and I’m going to explain this in some dep... Well its betting or trading - its a bit of the same really - yes you are betting; you are betting that you knonw more than the rest of the market. Forex trading is currently very popular but I ... Artificial Intelligence: A Revolution of the Investment Landscape (w/ Raoul Pal and Trevor Mottl) - Duration: 56:49. Real Vision Finance Recommended for you Trading the EUR/USD http://www.financial-spread-betting.com/forex/spread-betting-euro-dollar.html Presentation by Brenda Kelly, a technical analyst. The doll... Spread Betting Strategies and Ideas. 4 Spread Betting Strategies 4 Spread Betting Strategies - Trend Trading; a trend is basically something that is continuing in one direction.