I just wanna know people's opinions about the best form of trading that suits somebody just starting out. Personally i have opted for spreadbetting cos of it's simplicity and lack of commisions to pay to brokers.
Personally, I would have thought the chances of you making money in the first year or two, are pretty slim, so I would avoid spread betting - as spread bets have a wide spread to cover their costs and extra gaming revenue. And all that will happen is, you may end up losing money on what could have been a winning position due to the spread.
If you're going to trade indices use CFD's. If you're going to trade individual equities use a broker. Remember with the ammount of comm you pay.. you get what you pay for.
When and If you start to make money, and the capital gains tax becomes an issue- then look at SB.
i don't understand why experienced traders believe a newcomer has to lose money in his/her first year. It doesn't always have to be true 4 everybody. I'm very sure that there are a lot of newbies who started making profits in their first year so it's good to be realistic but negativity will not help anybody's confidence.