The appearance of automated trading systems and exchanges has significantly narrowed the opportunity on many trades, often to only a few seconds in length.
the 1st reason is really because in my experience the opening hours of the London session is the most successful period of the day ( by far ). Additionally there are much less distractions because apart from the occasional UK or EU press release, there are only a few business information releases to move the markets, so you can concentrate totally on technical research. This is a fab thread on
trading future. This is much the same as trading thru a broker apart from one key difference.
Any gains made of currency trading through spreadbetting is totally tax free ( at the time of writing, future tax laws may change ). So currency exchange traders in the United Kingdom can make as much money as they need from forex trading, even if its their fulltime job, safe in the understanding that not a penny of those gains will be going to the tax man.
