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What It Is To Be A Instant money transfer Trader?
Foreign exchange can be termed as a financial market for trading currencies. It is decentralised and currency trading takes place throughout the world. It hence determines the relative values of different currencies.
Nowadays anyone from all over the in the world can open an account with a money transfer broker and start trading in the money transfer market. However, money transfer traders who have settled in United Kingdom have an edge over traders from anywhere else in the world.
Firstly, the opening hours of the London market is the most profitable than any other hours of trade. In these hours, the major currencies flow in a particular direction and in shorter time frames, which makes earning from these much easier than any other hour. However, for the US based traders or traders from any other part of the world, it is not possible to witness the opening hours of London market as it is generally during the odd hours of the night for them.
Secondly, the other reason why UK based traders have a better edge over others is that along with having an account with any conventional forex trader like others, they can also reap the benefits of spread betting as a substitute trading means. This is not the same as trader though any forex broker. The very important difference between them is that trading of any form made through spread betting is absolutely tax free; hence, the returns are really high.
Hence, the forex traders based in United Kingdom can trade as much as he wants and get very high returns with the satisfaction that not even a small percent from his hard-earned money is going to the taxman.
Hence we see UK based traders have an edge instantly, as they reap the gains of tax-free income and can trade in morning hours having instant access to transfer money instantly overseas.
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