Learn to Trade Emini Futures - What Is Spread Betting?
(QQQQ)(DIA)(SPY)(GLD)(SLV)
Spread Betting is is a leveraged tool that gives investors the opportunity to trade the financial markets without ever taking physical ownership of the underlying instrument. It's quite huge in the UK as they pay no tax on their gains. It's also illegal for a U.S. citizen to open a Spread Betting account.How did I, a humble Emini Futures Trader gain such intimate knowledge of the subject?
"This is London calling..."
Edward R Murrow?
The Clash?
No, this education came to us live on the Radio Program today via Laila one of our listeners in the UK. If you missed the Live Broadcast be sure to click the headphones above and have a listen. When you're done leave a review on our iTunes page.
Once you hear the story you may well want to move. Do take an umbrella as the weather can be dreadful even on a good day. On the flip side, Fish and Chips washed down with a Black and Tan at your local pub is guaranteed to be a tasty treat on even the bleakest of days. And did I mention the gains are tax-free every day?
The concept was launched by Stuart Wheeler who in 1974 founded IG Index so that investors could bet on the gold price without all the expense of buying bullion at a time of penal exchange controls. Popular spread bets were originally based upon performances of the Financial Times, Dow Jones Index and other financial barometers. The purpose was to hedge investment positions and was largely confined to those in the financial community.
Today, over 400,000 people in the UK have a spread betting account, and the majority of the traders, currently, are male (except Laila of course). Spread betters tend to be self employed individuals or those working in the IT and finance and insurance sectors.
Thank you Laila for sharing your story.
Do you have a story?
Call 415-857-5654 or drop us an email. Perhaps we'll feature you on an upcoming show.
Please leave a review on iTunes
5 Day FREE Trial - Platform / Data / Indicators / Training
Reader Comments