Spread Betting Magazine - v10

Page 22

Editorial Contributor

An intro to Forex spread betting & Black Wednesday One of the biggest hauls in forex trading history By Phil Seaton - ls trader For those that have spent any time involved in trading the markets or spread betting, it is almost inevitable that they will have come across the world of forex trading at some stage along their journey. Why is this and why has trading forex become so popular? There are many reasons and we will touch on them in this month’s article. Firstly, before we get into the mechanics and advantages of forex trading we can first take a look at some of the major events that have attracted traders. One of the most well known examples of forex trading comes from an event dubbed as “Black Wednesday�, where a few savvy traders actually took on the Bank of England... and won!

22 | www.financial-spread-betting.com | November 2012


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