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10/06/21 10:53
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Posts
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Trade statistics of the 'Triangle 8th' system as of 12/03/2023 Gain: 102.00% Profit: 781.52 USD Funds: 1,400.18 USD Balance: 1,781.52 USD Beginning deposit: 1,000.00 USD Withdrawals: 0.00 USD Top-ups: 0.00 USD -
Name of stock - Vox Royalty Name of Stock Exchange - NASDAQ Leverage or Share dealing - Leverage Ticker - VOXR Country of the stock - Usa Market Cap - 100M -
By Captainsaudi · Posted
It is a best practice to buy dip and sell high but this strategy mostly doesn’t go as planned because you can’t predict the final bottom. Some traders BTD anticipating a potential pullback which mostly doesn’t happen and this force some into panic selling. DYOR is mostly advisable but some people fail to know which analysis they should focus more on. When deciding to hold a token for a long-term FA is very important and its cardinal point should be thoroughly scrutinized before making such a decision. These points include; Whitepaper, Road map, and Usecase. These points have a huge impact on deciding how long to hold a project and also booast your confidence in the project's bullish potential. The first principle in this industry is “invest what you can afford to lose" though many neglect this principle as such when a project is going through a price correction they panic sell and sell at a huge lost. Most normal regret their decision later when they see the project back on track. Once you adhere to the first principle you hardly fall victim to panic sales. Note that it is mostly not advisable to hold meme tokens una less you are convinced because meme goes with the hype and finds it hard to retest its ATH once the hype is over. Anyway what are your trading strategy and principles you adhere to most?
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Question
psycho
Hello,
I am thinking of making my GBP spread betting account multi currency (initially adding USD) because I feel that the charges for trading instruments priced in USD will be cheaper from a USD account than a GBP account. Is this correct? For example if I wanted to sell USD and buy GBP, would the spread bet be cheaper in a USD account or a GBP account? What about for commodities and US shares?
Secondly, if I open a share dealing account for US shares (for long term stock positions), would it be cheaper to fund this in USD so there are no conversion fees? What would the commission rate be? Will it be £8 converted to USD?
Will I be able to move money between my USD and GBP spread betting accounts paying the 0.3% conversion fee?
Will my USD accounts be considered as assets for trades in my GBP accounts so I don't have to convert for margins or is this too complicated?
Finally, I assume the spread betting account in USD will be the same as GBP from a tax point of view (i.e. no tax). If I open the share dealing account in USD, what is the maximum amount of dividends I can earn before my tax return really start to get complicated (therefore necessitating engaging an accountant the costs of which will need to be taken into account)?
If there happens to be a tabular comparison that would be just great!
Many thanks in advance.
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