| Print article | This entry was posted by admin on October 18, 2010 at 6:26 pm, and is filed under forex trading. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
Currently at the time of writing I am 18 years of age and I have been practicing stock, commodity and currency trading in several different practice accounts. What I have discovered is that I am best at currency trading and I make the most money out of trading that way. With stocks and commodities I have had moderate successes but I’m better at FX trading than anything else and I’ve learned a lot too.
I also know that currency tends to trend long term such as a few months to a few years which is where currency options are best suited. Spot-forex trading on the other hand is traded on margin and is best suited to short term trading of the FX markets.
I have only had practice trading FX in spot-forex and spread betting, both of which had a return of several hundred percent. What I would like to know is what is the best way to trade forex out of currency options, spread betting or spot FX, and which is best suited to a UK resident to gain wealth? Please help/advise. Thanks.
P.S. Sorry its so long.
| Print article | This entry was posted by admin on October 18, 2010 at 6:26 pm, and is filed under forex trading. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
about 10 months ago - 2 comments
This terms are taken from indian banking scenario. Now a days these words are frequently used
about 10 months ago - 1 comment
about 10 months ago - 1 comment
about 10 months ago - 4 comments
about 10 months ago - 3 comments
please read my forex trading software blog http://www.com-forex.com/ and let me know if it worked for you.
about 10 months ago - 1 comment
Include in your response reference materials and websites.
about 10 months ago - 6 comments
about 10 months ago - 4 comments
about 10 months ago - 2 comments
hi has any one heard of the forex foreign currency trading e-book program called mscs-rrr that’s all over the internet? could anyone tell me if it’s a scam or not and how can i use the internet to find out if it’s a scam or not? thanking you in advance.
about 10 months ago - 3 comments
currency trading and gold trading provides enough profit to carry out the business??
| Currency | Last | % Change |
|---|---|---|
| USD/EUR | 1.34 | 0% |
| USD/GBP | 1.544 | 0% |
| EUR/GBP | 1.152 | 0% |
| GBP/EUR | 0.868 | 0% |
|
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Other Currencies |
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about 1 year ago
For what you want to do, xe.com is the place to start, but be *very* aware that retail forex trading is essentially a mugs game. You have to be extremely careful about it and spot trading requires a lot of time and nerve to do well (or, even, successfully).
about 1 year ago
The answer is really very simple. if you are in the UK you should go through the spread betting route because all gains are tax free. All the instruments you have mentioned are traded on margin so are equally risky but the difference is that if you trade spot forex or currency options you will have to pay tax on your gains!
about 1 year ago
Spread betting is best, it is tax free and the spreads are virtually the same as the spot market nowdays.