My obsession? Pull the other one Joe. Everyone knows you're the Doyenne of the Dark Passage, the Emperor of Enemas, the Foreman of Fanny (American meaning).
Ok man, whatever you say. You certainly are quite the expert.
I concluded the accountant certainly has a point. May be I'll go find something else interesting to do.
After briefly wavered by our accountant friend here, I realised fundamentally there's nothing wrong with my strategy as it works and profitable for equities. The difference between equities SB and forex SB is the impact of volatility. So, I am going to move my strategy development and experimentation off SB to Oanda where I can control the the effect of volatility. As they allow trade value of as low as $1 per trade (ie, along the lines of $0.000001 per pip), the danger of volatility can be reduced to the exact level I want, which would be higher than equities, but lower than SB'ing £0.50 per pip. In my view the typical background noise level in forex renders trading £0.50 a pip impractical for my strategy that relies on position accumulation through pruning instead of precision entry. Now I see why there is a minimum bet on SB - these bookies are rather devious !
I can say to our sucker fish chum: no, you have not been to where I am going, or you would have seen the profit potential as I do with my equities.
a 'proper' broker wouldn't have fixed spreads
I believe in the UK you only pay taxes if you make more than 20k or something right? Is that really an issue for you at this stage? Even if it is there are ways around it - prospreads and ibet etc
This link is less exciting than i thought it would be! ;0