01-13-2013, 01:34 PM
Join Date: Jan 2013
Thanked 4 Times in 4 Posts
Re: Scam or Fraud or Stupid Me?
Originally Posted by BlueHorseshoe »
All derivatives trading is gambling. Spread-betting differs only in the details, in exactly the same way as the details differ between options and futures, cmos and cdos, bonds and swaps, etc etc.
With all of the above, it's crucial to understand the details and how they impact upon your chances of success. Sometimes the impact can be minimized. For instance, which would you prefer - 60k profit in futures, or 40k profit in a spreadbetting account? Unless you know a good tax lawyer, it's a no-brainer. So the only question is, can you make 40k as easily spread-betting as you can make 60k trading futures? To answer that you need to know the details of how each one operates.
It is a long debate though but I dun think "all" derivatives trading falls under the category of gambling. Bottom line to this can be, in my opinion, why govt or economists or specialists in this field do not consider those as gambling? There will be minor differences which is why spread betting income is treated in a different way.