MT4 for Spread betting vs Forex
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Thread: MT4 for Spread betting vs Forex

  1. #1
    I have noticed that the spreads are different but using the functionality of platform is there any other difference between spread betting and Forex?

  2. #2
    Quote Originally Posted by ;
    There's a reason why HMRC doesn't bother chasing solo spread betters, whose only employment is”self control” as wretched gamblers. Can you figure out why? quote
    that I believe I've said why, its apparent.

  3. #3
    Oh you realised that money is made by shut on zero full time spread betters, so the revenue cba pursuing them. The few that that do make money, taking off it spread betting firms' bottom line, are grassed up to HMRC from the firms.

    Quote Originally Posted by ;
    quote I believe I've explained why, its apparent.

  4. #4
    Quote Originally Posted by ;
    Oh so you realised that shut on zero full-time spread betters earn cash, so the earnings cba pursuing them. The few that that do earn money, taking it off spread betting companies' bottom line, are grassed around HMRC from the companies that were snide. quote
    Yes, of course. Like I said, I think HMRC's view is that SB is unprofitable for the punter and that most of them will lose money. And we agree with that. I believe the HMRC also believe that when a trader has 1 or 2 or even 3 winning years, then the taxation they would be able to levy on his winnings within this time frame would be outweighed by the promise he would be able to earn on his own losses (as anticipated by HMRC) over other years. Therefore, net end result for the nation would be a loss of tax revenue. That is the reason why I believe it is an uphill struggle for yourself as a spreadbetter, and you will be fought by HMRC .

    That is all obvious, why are we talking?

    But it would be interesting to hear of SB traders who've been taxed or who've tried to be taxed.

  5. #5
    Does anyone know something on the issue regarding the MT5 platform? Can there be any difference?

  6. #6
    Quote Originally Posted by ;
    quote Yeah, I was going to say that. The tax man won't be happy allowing you to keep all of it, if it's your income. Confront exactly the same problem. If you're successful enough to justify worrying about it, then you will have the ability to pay for a fantastic tax-accountant who will minimise your exposure anyway.
    Hello
    I have a notion like targeting a pair with an the greatest positive SWAP fee to buy or sell in a longer time frame best price and keep holding for more time just aiming at the daily positive swap fee because a daily earnings instead of doing quantity of trading trades.

    Daily positive swap fee per one lot - NZDCHF $5.6, AUDCHF $4.3,

    in case if we keep sufficient capital to go for 100lot and in a fantastic price and retained for more, we might get fixed daily earnings, therefore my question is do we have to cover taxation for this too? Lets state in state like US UK or Australia?
    If any professional possess some thought for this?
    Rgds
    Imdi

  7. #7
    Quote Originally Posted by ;
    quote Hi I've a notion like targeting a pair with an the highest positive SWAP fee to buy or sell in a longer time period best price and maintain holding for longer time simply aiming in the daily favorable swap fee because a daily income rather than doing quantity of trading trades. Daily positive swap fee per one lot - NZDCHF $5.6, AUDCHF $4.3, if if we maintain sufficient capital to go for 100lot and in a good price and kept for longer, we might get fixed daily earnings, so my question is do we have to cover tax for it too? Lets say in state including...
    Institutions trade things like that, trading the spread etc et al.. Never was my purse.

    The tax man won't differentiate with this as much as I could see. It's still earned in the world of lunacy (an accountant's words to me once, lol).

  8. #8
    Quote Originally Posted by ;
    quote Institutions trade things like that, trading the spread et al.. Never was my purse. This won't be differentiated with by the tax man as far as I could see. It earned in the area of lunacy (an accountants words for me lol).
    Thx Leme...!!

  9. #9
    Quote Originally Posted by ;
    quote Hello I've an idea like targeting a pair with an the highest optimistic SWAP fee to buy or sell at a longer time period best price and keep holding for more time just aiming at the daily positive swap fee because a daily income rather than doing number of trading trades. Daily optimistic swap fee each one lot - NZDCHF $5.6, AUDCHF $4.3, if if we keep sufficient capital to go for 100lot and at a fantastic price and kept for more, we might get fixed daily income, so my question is do we need to cover tax for it too? Lets say in country like...
    Issue with this idea is any move in the price of the currency pair may easily wipe out any profit in the swap income.

    Just take a look at audjpy and nzdjpy this year to date.

    Both pairs have higher exchange rates yet the audjpy and nzdjpy have weakened up to 700 and 500 pips between Jan and March.

    No such thing as easy money, there's always a trade off.

    ------
    There really do exists real World manners in which you can take advantage of interest rate differentials but there are pros and cons and chances are, any disadvantages will need to be offset by an, indifference element.

    Ie. Should you spend your time between a country with low rates and a country with high rates, you can transfer some money to the rate country account and you'd receive the interest rate. You still have the issue of the price of the forex moving against you but if you do not intend to convert back to your low rate currency, as you intend to spend the money in it's own country, it doesn't really matter.

  10. #10
    Quote Originally Posted by ;
    quote Issue with this idea is any move in the price of the currency pair may easily wipe out any profit from the swap earnings. Just take a look at audjpy and nzdjpy thus far. Both pairs have high exchange rates yet the audjpy and nzdjpy have shrunk up to 700 and 500 pips between Jan and March. No such thing as easy money, there is a trade off. ------ There do exists actual World ways in which you could benefit from interest rate differentials but again, there are pros and cons and chances are, any disadvantages will need to be cancel...
    Thx Tes

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