Spread betting has of late become increasingly popular in Ireland due to the opportunity it provides to make good profits from the investments. In fact, Ireland spread betting has increased so much in popularity that the traditional stock market feels threatened. Worldspreads, an Ireland spread betting company, which was running in heavy losses earlier, now not only makes profits but also is looking forward to making whopping profits in the coming years, due to the volume of trading. The increase in popularity of spread betting be it financial spread betting or any other, is owed to the many advantages it offers.
To start with, UK and Ireland spread betting offer attractive tax benefits, when compared to the traditional stock market. Spread bet in any of the platforms are exempt from capital gains tax between 10 percent and 40 percent of the profits made. Also, a spread bet isnt subjected to any stamp duty on share transactions. It is in fact, the cheapest way to make profits. There's no broker, no fees and no tax. You only pay the spread.
Financial spread betting companies offers the investors to bet on a variety of markets. You can trade in stocks, stock indices, commodities, forex, sector and even bonds. The theory of spread betting is the same in every market. The wider the spread the more expensive it is to trade. In financial spread betting, bets are made on the movement of stocks. Forex spread betting enables you to benefit from the foreign exchange (forex) market by trading in foreign currencies.
Commodity spread betting is based on commodities such as agricultural, grains, oils, livestock, wood, textiles, food products, metallurgical products, petroleum or chemicals among others. Financial spread trading on stock index include all the global indices such as the FTSE 100, German Dax, Japanese Nikkei and the US indices, Dow Jones, S&P 500 and the Nasdaq 100. Spread bet on a sector implies you trade in sectors such as Teleom, FMCG and Banking sectors among others. Spread bets are also offered on government bonds such as UK Gilts, the US Treasury Bond and German Bunds among others.
Before you start trading you need to understand the nuances of spread betting, be it Ireland spread betting, UK stock indices betting or any other, since otherwise you can incur unimaginable losses. Clean financial addresses all of your queries and concerns to start you with the basics, such as What is spread betting, Is it suitable for me, What are the risks involved and many such others. Make the most of the spread betting tips, news, views, analysis, reviews, articles and spread trading strategies for maximizing profits. Money doesnt grow on trees, they say, but if you understand the spread trading market, you will find making money much easier than even that!
Risk Warning: Spread betting carries a high level of risk to your capital and you may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
* Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.
The author is a banking professional and financial Spread betting Expert. He writes on various topics including share dealing in Uk & spread trading strategies providing expert views about Online spread betting market, Why Spread Bet & Financial Spread betting Tips. Just log on http://www.cleanfinancial.com