ONLY EDUCATED TRADERS SURVIVE I NSIDE: TRADING TAX

UNITED KINGDOM’S

Edge Trading Your

THE MAGAZiNE fOR TRAdERS & iNvESTORS iN Cfds, STOCKS, OPTiONS, fUTURES, fOREX & COMMOdiTiES

Jul/Aug 2011 www.YTEmagazine.co.uk

UNITED KINGDOM'S

SILVER

Wealth building

TIMING

A golden era of volatility

GBP 4.95 EUR 5.65 USd 8.10 CAd 7.85

volume 1, No. 4

Opportunities

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DAY TRADE FOR PROFIT CFDs vs Futures

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7 7 1 7 5 9 2 0 0 0 0 3

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SPREAD BETTING Harness the power of leverage

M A R K E T S N A P S H O T | T R A d E S T A T i O N S O f T wA R E R E v i E w

Welcome to YourTradingEdge Magazine United Kingdom (YTE UK) edition.

YTE UK is a bi-monthly magazine for traders and active investors in spread betting, CFDs, stocks, options, futures, forex and commodities. Each issue contains timeless educational information on trading strategies and techniques for beginner, intermediate and advanced traders. YTE UK is not a tipster magazine: it is, rather, the only magazine you will need to educate yourself about trading the financial markets for profit, wealth and financial freedom.

YourTradingEdge has been the definitive magazine for traders and active investors in Australia since 1997 and now YTE UK is here, covering European, US and global markets. YTE UK takes account of both technical and fundamental analysis and is your one-stop-shop for trading education.

United Kingdom - PO Box 65848 London EC3P 3FP Phone +44 2 7868 5280 Fax +44 2 7868 5283 Australia - Suite 10, Ground Floor, 7 Narabang Way BELROSE NSW 2085 Phone +61 2 9486 3622 Fax +61 2 9986 3575 South East Asia - 37th Floor Singapore Land Tower, 50 Raffles Place SINGAPORE 048623 Phone +65 1800 627 5387 Fax +65 6829 7276 Copyright ©2011 Your Media Edge Pty Ltd. (ABN 69 134 074 936) ISSN 1327-5801 The information contained in YourTradingEdge (published and online material) is based on information that is believed to be accurate and up to date at the time of publication. Neither Your Media Edge Pty Ltd (“YME”), nor its Directors or employees give any warranty of reliability or accuracy and readers should rely on their own assessment and inquiries. With respect to third party material published or referred to by YourTradingEdge, such material is published or referred to for information only and neither YourTradingEdge, YME nor any of their staff, warrant its accuracy or reliability. Information contained in published and online material is intended to be of a general nature and is not intended to give financial or investment advice. It is recommended that specific advice be sought prior to acting on any matter contained herein. The opinions expressed in this magazine are those of the authors, not YME, unless otherwise stated. The publisher has the right to reject or omit from publication any advertisement or part thereof. All material in YourTradingEdge is protected under the Commonwealth Copyright Act 1968. This published or online material may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable form without the express written permission of YME. ______________________________________________ For all advertising enquiries, please email advertising@YTEmagazine.com or call +61 2 9486 3622. EditorialJUL/AUG2011VOLUME1NO.4 Edge Trading Your

The Jul/Aug 2011 issue of YTE UK includes discussion of contracts for difference versus futures so you can assess which will best suit your trading style (page 34); we make an in-depth examination of spread betting (page 40); and introduce a fellow trader through a fascinating interview with private fundamental trader Richard Crow (Trader’s Story, page 62). On page 44, Steve Griffiths provides an insight into position sizing and how it can be used to increase profits.

YTE UK is the magazine for traders wanting to further their trading education and increase trading profits. If that sounds like you, why not subscribe?

Subscribe through corporate partner Exact Editions www.ExactEditions/ YourTradingEdgeUK and not only will you save 36% off the cover price but also you will have the chance to win an iPad 2 on which to enjoy your subscription.

www.YTEmagazine.co.uk ______________________________________________ YourTradingEdge UK is published by Your Media Edge Pty Ltd.

Editor in Chief - Chelsea Reid Email - chelsea.reid@YTEmagazine.com

Executive Chairman - Paul Schlusser Chief Executive Officer - Gary Aitchison Graphic Design - Steve Flory Sub Editor - www.edit.co.nz Chief Technical Officer - Neil Ramsay Chief Financial Officer - Jim Anderson Sales and Marketing Manager - Shayne Achurch Subscription Manager - Kathy Colling

Or, if you prefer reading the magazine the traditional way, subscribe to YTE UK print edition and have each issue delivered hot off the press direct to your doorstep. Subscribe through www.iSubscribe.co.uk (simply search for Your Trading Edge).

In the meantime I would love to hear your thoughts on YTE UK. Please email me at editor@YTEmagazine.com.

Until next issue. Happy reading and profitable trading.

Chelsea Reid Editor in Chief – YTE UK

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YOURTRADINGEDGE UK

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Capital Spreads is a trading name of London Capital Group, which is authorised and regulated by the Financial Services Authority. Registered Address: 12 Appold St, London, EC2A 2AW. Registered Number: 3218125. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.