Spreadbetting has been in the UK for over 10 years now. In a nutshell, it is tax-free financial trading, in other words you do not have to pay any tax on your profits. Gambling as a whole in the UK is tax free... this means that spreadbetting is classified the same as the casino.
There is also a fine line in trading whether it's gambling or not. I think for the majority of people it could be classified as gambling as they don't actually have a plan and don't really know what they are doing. T
March 25, 2012
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![Beauty trade on the 9-to-9 GBPUSD trading system]()
On Friday 11th (sorry, posting this a bit late), I traded the 9-to-9 trading system on the GBPUSD. For those who haven't been following, it's trading the breakout of the highest and lowest points between 9pm and 9am GMT time.
The timing on my chart says 5am but that's because I am using a US broker and it's not clever enough to work out where I actually am.. it's a minor detail.
Anyway, the top of the range was 14757 and the lower, 14651. The range is just over 100 pips so can be done. I h
June 14, 2010
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