I started in the interbank market whilst on a gap year in Sydney in 1987 with Prebons on the spot aussie desk. Moved back to London couple of years later with Prebon London before going to Tulletts both in London and New York, then moved to a broker in Luxembourg half owned by Tulletts and spent a few (very) happy years there doing usd/dem went to IG then another spread bet company in London and finally to where i am now, a fca and cysec regulated stp spreadbetting and cfd company. I run the company as ceo - we're busy and profitable and continuously struggling to stay compliant in this ever increasingly difficult industry. i don't bet (except poker).Would you please make a quick introduction about yourself ? Thanks .
Have you ever heard of anybody paying tax on spread betting winnings?
if you're talking life changing money its super rare but its amazing when it happens.. you're seeing someones life change in front of your eyes.Have you came across an account thats grows exponentially - compounding - ? for example from 2K to 50K . And not by a one lucky trade .
Is it rare ?
lets look at accounts for the first 9 months of 2016 that came directly to us and funded with $1,000 to $4,999 in their account. we saw that the leverage they used was typically 11:1 and they won 54.98% of their trades. Unfortunately only 12.27% went on to be profitable during the life of the account.Great much appreciated , thats generous of you .
How many traders with small accounts are constantly profitable ? or whats the percentage of small accounts are constantly profitable ? Difficult to answer that one now maybe but a ballpark will do .
Whats small ? lets say few grands max .
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