Today everyone wants to earn money that is easy. In order to earn profits immediately people opt for gambling or a bet. Financial spread betting is increasingly becoming more and more popular with the investors because of many advantages connected with it. People who are still playing with the idea to opt for it or not have only one major question in their mind, “Why opt for financial spread betting?” Well, the answer cannot be disclosed in one line because there is not one reason for it. There are many reasons. Let us look at the major points which can help an investor to take the decision:
1. Simple to understand and practice: Yes, financial spread betting is pretty simple to understand and then execute. Many traders feel that one should not try new markets as they are complex and it is difficult to avoid initial losses. However, in this case, the things are different. One can easily understand the ways and tricks of this trade and can start earning profits as soon as you start putting your money on stake here.
2. Tax free earnings: It is correct that the profits earned through financial spread betting are free from tax. However it is only true in United Kingdom as of now. If the profit one has earned through this kind of bets is secondary income in United Kingdom then it is free from any type of Capital Gains Tax and Income Tax. It is important to notice here that if the profits earned are the only source of income that it will be taxable. This is one of the major reasons why more and more traders are attracted towards this market.
3. Less capital and big profits: It is easy for investors to start investing money here as the investment or the capital required is very less. Or in the other words, it can be said that the profits earned are much higher than the money put on stake. A trader can enjoy brokerage free transactions and hence another additional cost (the first additional cost being the tax) can be avoided here. However, one needs to ensure that bets are executed in intelligent manner as the losses can also be bigger than the money put on stake.
Variety is the spice: For investors who get bored easily, this is the place to be. Financial spread betting gives a huge variety to the traders to choose from. One can choose the area of his own expertise or interest to put his or her money on stake. This enables an investor to have more knowledge and more probability to win profits. Hence, financial spread betting market can never be boring for the people here. Apart from this one can also choose from currencies, options, futures, bonds etc to trade on.
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