There are lots of forex traders and stock market investors in the UK and it has to be said that these people are very lucky because they have an advantage over people from many other countries.
Let's start with forex traders first of all because it is often said that the most profitable periods of the day are the opening few hours of the London and European trading sessions. So this is a really convenient time of the day for UK traders because it is right at the start of the day.
If you are based in the US, however, this would be the middle of the night for you. Therefore you automatically miss out on these highly profitable trading sessions unless you are prepared to stay up all night.
Stock market investors are also very fortunate because they can make full use of spread betting facilities to go short on various stocks if they want to. The profits made from this form of speculation are also tax-free at the time of writing. Spread betting is prohibited in certain countries due to strict gambling laws so these people do not have this option available to them.
Of course it is still possible to go short in many cases by using options. However these instruments are often quite complex and can be quite hard to understand, particularly when compared to spread betting.
Forex traders in the UK can also open an account with a spread betting firm and trade the forex markets this way instead of using a traditional forex broker. In fact many traders prefer trading this way because they avoid paying tax on any profits that they make.
So the point is that people in the United Kingdom are very fortunate in many ways because they can trade forex at convenient times of the day, and they can short shares and trade various instruments tax-free.
Let's start with forex traders first of all because it is often said that the most profitable periods of the day are the opening few hours of the London and European trading sessions. So this is a really convenient time of the day for UK traders because it is right at the start of the day.
If you are based in the US, however, this would be the middle of the night for you. Therefore you automatically miss out on these highly profitable trading sessions unless you are prepared to stay up all night.
Stock market investors are also very fortunate because they can make full use of spread betting facilities to go short on various stocks if they want to. The profits made from this form of speculation are also tax-free at the time of writing. Spread betting is prohibited in certain countries due to strict gambling laws so these people do not have this option available to them.
Of course it is still possible to go short in many cases by using options. However these instruments are often quite complex and can be quite hard to understand, particularly when compared to spread betting.
Forex traders in the UK can also open an account with a spread betting firm and trade the forex markets this way instead of using a traditional forex broker. In fact many traders prefer trading this way because they avoid paying tax on any profits that they make.
So the point is that people in the United Kingdom are very fortunate in many ways because they can trade forex at convenient times of the day, and they can short shares and trade various instruments tax-free.
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