Pros and cons of spreadbetting forex video to follow soon.
I would strongly suggest staying away from spreadbetting forex or any kind of spreadbetting until you have proved to yourself that you can trade profitably using a practice account whilst employing strict trade management rules from the start.
Most investors are attracted to spread betting in the UK because it is tax free, BUT, what is the point of trying to make tax free gains if you cannot even make a profit?
IMHO Spreadbetting is also a very bad way to try to trade anything but longer term, the costs are usually prohibitive and the trading platforms difficult to use, these issues alone will most likely cancel any gains from the tax savings alone.
Give spread betting a miss, I do but I will consider having another go once I start trading weekly trends providing the overnight rollover fees are not prohibitive.