Financial spread betting might be a tax efficient and the right instrument to use in the UK and Ireland but witiout knowledge it can be disasterous.
Spread betting for beginners is a good start and then the learning curve.
Did you know that financial spread betting is tax free? It means you've got to pay no tax... no Capital Gains Tax, No Stamp Duty, No tax at all.
Financial spread betting envolves trading on leverage.
Yes, it could be good and benefit you but once you lose control of the leverage you might run into serious troubles. Make sure you treat leverage with respect and remember... it can hurt.
What does it take to be a successful spreat bet trader? Do you have your strategy in place? Do you have your trading plan in place?
You've got to be really prepared if you're serious about making money spread betting.