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.

Freeman - as I said above, there are vehicles under the ETF/ETC umbrella, but you probabaly need to speak to selftrade.

Hargreaves Lansdown provide vehicles, but I've never used them - This is just a small subset. Click on the 1st of the 4 boxes under 'Action' to see a factsheet.

Freeman...do you do any spot trading? Worth investing my time to learn etc?

Hi Skinny,

Thanks for the input again - I am fully aware of ETF/ETCs and you have an idea about them too as per your earlier comment:

"I guess there maybe some Exchange Traded Commodities (ETCs) that are geared to FOREX"

but, I'm looking for someone who has "been there, done it" as it were (rather than speculation) to advise on the best instruments to trade in a SIPP as ALL are not equal as I mentioned before.

Selftrade are not the ones to give this sort of impartial information, but ideally someone who has traded them can give me the pros and cons.
A key factor I see is liquidity in any possible products and how close they track the underlying as if the market providers effectively set what price they like to trade at it is not a good instrument to use - these are the sorts of things that only one who has traded them can give me and selftrade wouldn’t give me the disadvantages

I have had someone contact me privately from another Forum who has their SIPP set up and can trade spot FX via the MT4 platform which sounds great and ideal. But it means I would have to change my SIPP to another provider which I don’t want to rush into particularly if I can do something very similar with ETF/ETCs.

Still researching but get there... thanks again.

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.