Spread betting forex is a popular form of trading where investors speculate on the price movement of currency pairs. Unlike traditional forex trading, you don’t own the asset; instead, you place bets on whether you think the price will rise or fall.
Key Features of Spread Betting Forex
- No Ownership: You never actually own the currency pairs.
- Tax-Free: In some jurisdictions, spread betting profits are tax-free.
- Leverage: Amplifies potential gains and losses.
- Low Entry Barrier: Small initial deposit required.
- 24/5 Market: Trade anytime during the week.
Getting Started
- Choose a Broker: Pick a reliable platform.
- Demo Account: Practice without risk.
- Research: Stay updated on market trends.
- Risk Management: Set stop-loss orders.