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stocks/2 weeks ago

I am new to trading, what is the difference between spread-betting and CFDs?

When it comes to CFD and spread-betting they are very much alike but with one main difference. The first is the difference in the taxes paid on any potential profits made. There is no stamp duty to be paid on either of the accounts, but CFD’s are liable for capital gains tax. So if you do profit from your CFD trading then you will need to account for that. Spread-betting, on the other hand, is different. It is not liable for capital gains tax. One other difference you will need to note is the countries in which you can open a spread betting or CFD account...

Replied by
Simon MUgoSimon Mugo
equities trader
forex/3 weeks ago

I have seen many people claiming that they make money CFD trading, but is it true?

The short answer is yes. However, there are caveats to this… CFD trading is not easy and it takes work, perseverance and continuous learning to become consistently profitable. CFD trading has to be treated as a business, and if you approach it with the right attitude, knowledge, and perseverance then it can be a lucrative business indeed. There are many individual traders that make their money from CFD trading every day, and a lot of them did not start their careers in the financial markets...

Replied by
Sam BougheddaSam Boughedda
equities trader
cfd/3 weeks ago

I understand trading, but what does CFD trading mean? Can anyone help?

CFD stands for contract for difference. It is a contract between you, the trader and your broker that pays the difference in the settlement price between the opening and closing of the trades you take. With CFD trading you are essentially speculating on the direction of price movements, as you do not own the underlying asset that you are trading.

Replied by
Sam BougheddaSam Boughedda
equities trader
cfd/3 weeks ago

Hi, I would like to know if people think CFD trading is gambling?

Hello, and thank you for coming here. First of all, it is important to understand these two concepts. A contract for differences (CFD) is a type of derivative trading where a trader is actually trading the difference between the opening and closing trade prices. As such, it is a speculative way of trading shares, indices, commodities, currencies and treasuries. Spread betting is actually the same as CFD, except for a major difference. Therefore, spread betting also is also a derivative product, which means you don’t take ownership...

Replied by
Sam BougheddaSam Boughedda
equities trader
cfd/3 weeks ago

Kindly help me understand the meaning of the term CFD Spread.

A CFD spread is the difference between the price you can buy a CFD or sell a CFD. The two prices are sometimes referred to as the bid and ask. The spread can also be referred to as the bid-ask spread. For example, if you are trading the EURUSD and the current price is 1.1210, and there is a two pip spread. The price you will be able to buy the EURUSD CFD at is 1.1211, and the price you will be able to sell it at is 1.1209

Replied by
Simon MUgoSimon Mugo
equities trader
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