i have a question i would like to direct at the minority crowd on this forum (the consistent traders) I am looking to reign in my taxes on profits because as of April this year i will officially be raped good and proper by the tax man. I just am not willing to take all the risk to give them half my profits. They don't deserve a penny from me and i am looking for a viable answer (apart from moving abroad)
So my question is directed to full time spread betters that have made and continue to make a living off spread betting for more than 2 years. a long time ago i denied myself SB because it just didn't add up as being a valid canvas for a profitable trader. I have heard all the horror stories but it is difficult to filter the valid from novice traders emotional outrages.
So let me give a little background. i trade only daily charts, holding trades anything from 1 day to 2 weeks. i currently trade $50 per point. i currently trade through an ECN. i enter trades 3-5 times a month.
So is there a viable SB i can use. i don't want to run into any (sorry sir we have to close your account because we cannot make money off you, is this a genuine story or just the usual bull5hit stories spread) or ( finding trades closed on their own or any odd behaviour in the system) i don't know much about SB firms so i am looking for answers on who (SB fim) is good, and if my style of trading and consistency will be acceptable to them.