Recent content by Pringle

Now we all know what kind of trader charliechan is, but had hereto only assumed. Now we have proof.

I think ZDO and Socrates should get on well... Meanwhile on Planet Earth.

Excellent post bluetipex. I agree lets just get on with our lives spread betting and making a living.

And whist I am in the swing of insulting our legendary and senior members I would like to thank charliechan for his obvious climbdown on my proof that spreadbetting firms do not just make money from losing clients and his acceptance that SB firms make money even when their clients are winning...

Nicely put Socrates, you are about as much use as a politician . Given specific and real cases to comment on you give wishy washy criptic answers that are no help at all. What you get off on in all this heavens knows. If you want to put off off potential traders and shroud everything in...

If one thing is clear from this thread it is that both CharlieChan and Socrates have never Spread Bet yet are free to give us all the advice we need to know on the subject. Still what do I know? I am just a Rookie are these guys are Legendary! (in their own minds perhaps). Any way I'm bored of...

This is getting boring Thought you'd never ask! 1/ OK The SB co has for example at any one time 200 active trades on the FTSE say 100 long at a combined total of £5000 per point. It matches these trades against its client base to 100 short at the same £5000 per point. It's net position is...

CharlieChan, You ask again where is the SBing firm getting it's money from? I have answered this in my previous post - quite clearly I thought. Perhaps if you re-read it slowly the penny might drop. ( I doubt it as you seemed to have made your mind up on this issue and will not listen to...

Look, all I am saying CharleChan is that SBing works for me! In my case I am very happy to pay say an extra 50 pips per year or so when I can save paying 40% tax on my winnings - it's not even close! In addition SB companies do not "only make money from customer losses". As I said earlier they...

IMHO spreadbetting is fantastic and it has served me well for 4 years trading full time. I understand and respect the arguments against but they don't apply in my case. I trade currencies and commodites and swing trade for between 50 to 200 pips. Therefore I don't really give a toss if the...

I agree GammaJamma. I have been full time spreadbetting for nearly four years and have found it the perfect platform for me. (See my other posts in Spreadbetting section). Surely in trading we are all trying to make money by predicting the direction a particular instrument. Therefore the best...

Cheers UK

In my experience of nearly 4 years spreadbetting with just two companies i have had very few problems. I make on average £3000 from spreadbetting per month from a large account split between two companies. I use Finspreads and Deal4free. I believe they make their living from the frequency of...

Hi, I am a full time spread-bet trader. I have been making good money doing this for nearly four years. I trade a £40K account split between two SB firms. I pay no tax and have a letter from the IR stating that I do not have to pay tax on my winnings even though it is my sole source of income...

I know how you feel Kula. I gave up my job when the firm I worked for got taken over and I couldn't stand it any longer. (In the coffee business actually). Got into trading via spreadbetting while I was looking for a new job and found I was making more money than my previous take home pay. Now...