Wellieboy59
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Posts posted by Wellieboy59
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Hi everyone,
I personally think the price of oil will recover sharply over the next year and want to trade on this.
I cannot seem to work out on IG whether I should be using shares dealing (an Oil ETF) or CFD, or spread betting. It looks as though share dealing and spread betting are free of CGT, but the disadvantage of spread betting is there are only daily or quarterly expiries whereas I want to invest for longer. Is there anything else I have missed.
All advice welcome please and which oil product o trade would be helpful...also any leveraged products ?
Thanks in advance for your help.
Jezza.
Trading on recovery of Oil price
in IG Trading Support - Dealing Questions
Posted
Hi Everyone,
I personally believe the price of oil will pick up strongly in the next year.
In my IG account I am trying to work out whether I should use share dealing ( buy an ETF) , spread betting , or CFD. The advantage of spread betting is not subject to CGT , but spread betting has limited expiry -daily or quarterly ...so I inclined to use an ETF or CFD....advantages over each are ?
Any thoughts on which oil product to purchase and any leveraged ones greatly appreciated or any other thoughts.
Thanks in advance
Jezza