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Forex Trading in a SIPP (or ISA) (SIPP)     

FreemanFox - 29 Jun 2012 10:09

I've been trading Forex successfully for ages now and was thinking I should really start to see if I can transfer that knowledge to trading my UK SIPP which is held at selftrade.co.uk.

Bit confused as to what instrument I trade though? There seems to be loads of derivatives – ETFs, ETCs ETNs etc. Plus some that seem to offer extra leverage – 2 or 3 times a Long or Short position!

Anybody give me a bit of direction as to what symbols/instruments I should be trading in my SIPP account to trade Forex?

Any help appreciate.

FreemanFox - 09 Jul 2012 12:10 - 11 of 11

Pessimism Sauce -

I virtually exclusively trade FX spot and it is what I would like to do in my SIPP too.

As I mentioned previously though it has taken me years to get proficient at it and patience and discipline are key factors in getting it right - You can make a fortune in FX, but also lose a fortune if you don't have a plan and stick to it.

It has been a hard path but one worth learning :-) and of course I am still learning everyday.
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