The question of where to trade foreign currency was one which was easily answered with the arrival of online trading during the 1990s. The advancements in trading technology have made it possible for anyone who owns a computer and who has an internet connection to speculate on price movements in the forex markets. Furthermore, this is no longer an expensive venture requiring thousands in capital, but merely requires an initial deposit of less than $100 in order to start trading and making money. Of the multiple online options for trading forex, the most straightforward and affordable way is to trade through a spread betting account.
Why spread betting is the best way to trade forex
Spread betting has been around for a long time, but only over the past ten years has it become the leading way to trade the forex markets. Traditional decisions of where to trade foreign currency have made way for innovative online technology which allows traders to operate from any location in the world and trade forex on a 24-hour basis. Spread betting is a simple and clear way to become involved in this. It involves placing bets on the future direction of a currency, using the same market data as professional currency traders use but without the commission fees or need to invest large sums of money. Although it is a derived market, price charts reflect the actual value of the market and exactly the same techniques can be applied to spot profitable opportunities.
Earn a substantial income trading foreign currencies
Using spread trading to make money from the financial markets can become a very lucrative business. The ability of those who take the time to learn the basics of how to trade and who consistently make money from the comfort of their own homes is evidence that spread betting can be both a primary and secondary income source. Over the past ten years spread betting has effectively removed the question of where to trade foreign currency. Low deposit requirements, zero commissions and tight spreads have persuaded many to move from traditional forms of forex trading to spread trading.