Forex trading

Hi, I have made some losses from 2019 onwards. I have a full time job on top of this. I read about forex trading being tax free in the uk but I am not too sure about this. Could you please clarify this whether any profits would be tax free? Also, could I report these losses and if it is allowable, how do I go about it? Will this be capital loss relief or go under income tax? Thanks

Hi Lint,
This depends on whether you class this as a trade or spread betting. if the latter, no gain or loss is chargeable. see guidance at:-
 CG56105 - Futures: financial futures: financial spread betting
Thank you.