For UK (and all non-US) Traders!

Something I get asked a lot, is if my trading methods work on markets outside the USA.

The answer is yes they do. Now before continuing, I must point out that my course is very much based on the US market, and all examples and exercises are done with Nasdaq and NYSE stocks. But if a student is willing to put in a little effort to transpose the same methods, setups, and strategies to their home market, they can indeed see some great results – virtually anywhere in the world.

A nice example of someone doing just that came to me this week from a customer who had recently purchased Day Trading Freedom. Here’s a chart they sent me of a trade they made on a UK stock:

As you can see from my notes on the chart (if you can read them!), the stock was shorted at £17.61, and covered at £17.32 for a healthy 29 pence per share profit.

The trader who sent me this, traded 300 shares, and so netted a profit of £87 before commissions. In US money, thats about $175 (and as they said themselves – that one trade more than paid for the course).

If you’re in the UK, you have some great advantages when it comes to trading stocks. For one thing, you can trade the US market in the evening because of the time difference. That means you get to keep your day job (if you want to!) while you trade.

For another thing, UK trading laws are way more relaxed than in the States. You can open a CFD account with a few hundred pounds, and be trading US and UK stocks with fewer limits and much greater margin than our American friends can ever dream of.

Not only that, but if you use a spreadbet account (which is pretty much the same thing as a CFD account, just named differently to take advantage of a tax loophole), all your profits are tax free!