So how can traders from the UK actually trade the forex markets. The reason why I say this is simply because if you are based in the UK and trade through a traditional forex broker then you are liable to pay tax on any profits you make. UK Forex Traders - 3 Ways to Trade the Markets Forex trading has become an extremely popular occupation in the UK in recent years. The first of the these two methods is not one I would personally recommend but you can actually bet on the movements of. They will entice you in with promotional offers and possibly the promise of narrow spreads, but I don't personally believe that forex brokers are necessarily the right route to take if you want to trade forex.

However if you use one of the other two methods I'm about to discuss, then any gains you may make are completely tax free. The first one is quite simply through a traditional forex broker. Well there are three main ways you can trade currencies. Share trading and investing has always been popular here but now forex trading is booming as well.

If you browse the internet you will find endless numbers of forex brokers eager for you to open an account with them.