Financial Channel

Anybody using Tradefair - from the betfair chain, but you bet not buy(spread betting), seems ok, and pay no tax etc - thinking about dabbling myself. Anybody any experience?

cheers

Saw that myself. It's only just launched, so probably not many people have tried it yet.
I reckon I will though. No fees either.

cant see the benefit to be honest. the benifits of spread betting are that you let your winnings run and close your losses, as someone on the daytrading thread said, its like being the casino owner rather than the punter because you give yourself the edge by having tight stop losses. companies like delta index are called bookmakers but essentially operate like retail businesses, i.e. you open a position with them (called a bet) they use that money to open a position in an option account, and charge you a higher cost than they pay for the position, i.e. they make a margin, whereas a bookie makes money by having more winners than losers.

also, binary bets (i.e. 2 possible outcomes, win or lose) would be crazy IMO on financial markets, because again, success in market trading is about, among other things managing levels of wins and losses. incidentally, a few british spread betting companies offer binary bets on many of their markets already.

also, binary bets (i.e. 2 possible outcomes, win or lose) would be crazy IMO on financial markets, because again, success in market trading is about, among other things managing levels of wins and losses. incidentally, a few british spread betting companies offer binary bets on many of their markets already.

I've seen binary derivatives traded in the past.