Financial Transaction Tax: what will happen?

Van 't Beste

8 1
Dear T2W Community,

I am a Belgian law student interested in a daytrading career.
However, 11 Euro nations including Germany, France and my country, are pushing towards an implementation of a financial transaction tax on shares and derivatives.

What does this mean to retail short-term speculative traders in these countries?
Tax per transaction on shares is 0.1% and on derivatives 0.01% (on the nominal value of the trade) ..
Is it the end of short term trading if other nations also want to join 'the 11 club'?

Thank you for your thoughts!

Van 't Beste
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