Foreign exchange Traders In the United Kingdom

The appearance of automated trading systems and markets has seriously narrowed the window of opportunity on many trades, occasionally to some seconds in duration. Thus because this session is potentially the best, it is those currency exchange traders, ie those based in the United Kingdom ( and indeed Europe ) who benefit the most because this period is a particularly convenient time to trade. Here’s plenty more stuff all about futures clearing. Unfortunately it’s not so convenient for US-based traders, as an example, to trade the opening hours of the London session because it’s the middle of the night for them. Any gains made of foreign exchange trading thru spreadbetting is totally tax-free ( at the time of writing, future tax laws may change ). Thus foreign exchange traders in the United Kingdom can make as much money as they need from currency trading, even if its their full time job, safe in the realization that not a penny of those gains will be going to the tax man. In reply, traders are turning to automated Currency exchange techniques of their own.