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d13phe
12 Nov 09 16:58
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Date Joined: 18 Jul 03
| Topic/replies: 22,897 | Blogger: d13phe's blog
Looking to dip my toe into this market

Any pointers as to the best one to use?
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Report getting better November 12, 2009 5:29 PM GMT
Use spread betting, its much the same thing, but not taxable. It's not so much the actual tax, you're unlikely to make enough to pay capital gains tax anyway. Have you ever considered how on earth you are going to fill in your tax return correctly if you open a CFD account?
Report Mrben November 13, 2009 12:02 AM GMT
yeh just be super conservative of how much you trade in relation to capital.If the position turns against you you will lose your cfd $$$ quicker than hussain bolt.Suggest you be very careful and fully aware of the huge leverage.Remember jim cramer once admitted he had "put dozens and dozens of my clients into cfd's and not ONE of them made money."
Report bf trader November 16, 2009 7:28 AM GMT
they must have been following his advice :|
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