Reply To: Spread betting – what do I need to know?

#187627
Tommy

    So I would say make sure you have a solid grasp of market dynamics and risk management if you’re transitioning from more passive investing to day trading through spread betting.

    You’re right it’s got an enticing tax status because it’s considered ‘gambling’ by the UK tax authorities. However, the leverage you can use with spread bets can result in whacking losses. Fast strategies like day trading also demand excellent emotional stamina to prevent rash trading decisions.