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Spread Betting Away From Your Desk
LONDON, February 10, 2011/PRNewswire-FirstCall/ -- Spread bettors should not and cannot dedicate all their time to sitting
in front of their trading platform, so must devise new ways of managing their
spread betting. Here, spread betting provider City Index (
http://www.cityindex.co.uk/) offers a few valuable pointers:
1) Mobile Trading
Mobile trading (
http://www.cityindex.co.uk/trading-platform/mobile-trading-platform.aspx) now
accounts for 15 percent of trades with City Index. Market Strategist Joshua
Raymond believes this is down to the greater level of autonomy it allows
traders. "It allows you to keep abreast of the markets wherever you are,
whenever you want. With many markets available to trade 24 hours a day, and
especially since the markets have been volatile recently, it is imperative
that you can react with just a few clicks of a button."
2) Timeframe Consideration
Having the ability to react quickly to market movements can make a
significant difference in short-term spread betting. For this reason, unless
you have constant access to a trading platform and your spread betting
account (http://www.cityindex.co.uk/learn-to-trade/demo-account.aspx), it may
be worth considering more medium to long-term spread betting. For a
short-term trader there can be a lot of pressure to frequently check the
markets, which can lead to spread betting mistakes and indecision.
3) Exit Strategy
Some traders focus their analysis on finding the perfect entry price
point for their spread bet. While this is important, the price at which you
plan to exit the spread bet is of equal value. Concentrating on stop losses
and limit orders can be an effective way of managing your trading away from a
computer.
To find out more about spread betting with City Index, visit:
http://www.cityindex.co.uk/spread-betting/
About City Index:
Today more and more individual traders are discovering the benefits of
derivatives, and many of them are discovering them through a City Index
trading platform.
As a group, we transact in excess of 1.5 million trades every month for
individuals in over 50 countries worldwide. We provide access to a wide range
of instruments including margined foreign exchange, contracts for differences
(CFDs) and, in the UK, spread betting.
We constantly look to widen the range of assets we offer, improve the
performance of our platforms and expand the range of services we provide. The
result is that our customers benefit from innovative trading tools with
transparent pricing, competitive spreads, and a high standard of customer
service and support.
Spread betting and CFD trading are leveraged products which can result in
losses greater than your initial deposit. Ensure you fully understand the
risks.
Apple, the Apple logo, iPod, iPod touch, and iTunes are trademarks of
Apple Inc., registered in the US and other countries. iPhone is a trademark
of Apple Inc.
Source: City Index
Contact: Joshua Raymond, City Index Group, Tel: +44(0)20-7107-7002, Email: joshua.raymond[at]cityindex.co.uk; Jonathan Smith / Alex Nekrassov, New Century Media, Tel: +44(0)20-7930-8033, Email: jsmith[at]newcenturymedia.co.uk, alexnekrassov[at]newcenturymedia.co.uk
Spread Betting Away From Your Desk
LONDON, February 10, 2011/PRNewswire-FirstCall/ -- Spread bettors should not and cannot dedicate all their time to sitting
in front of their trading platform, so must devise new ways of managing their
spread betting. Here, spread betting provider City Index (
http://www.cityindex.co.uk/) offers a few valuable pointers:
1) Mobile Trading
Mobile trading (
http://www.cityindex.co.uk/trading-platform/mobile-trading-platform.aspx) now
accounts for 15 percent of trades with City Index. Market Strategist Joshua
Raymond believes this is down to the greater level of autonomy it allows
traders. "It allows you to keep abreast of the markets wherever you are,
whenever you want. With many markets available to trade 24 hours a day, and
especially since the markets have been volatile recently, it is imperative
that you can react with just a few clicks of a button."
2) Timeframe Consideration
Having the ability to react quickly to market movements can make a
significant difference in short-term spread betting. For this reason, unless
you have constant access to a trading platform and your spread betting
account (http://www.cityindex.co.uk/learn-to-trade/demo-account.aspx), it may
be worth considering more medium to long-term spread betting. For a
short-term trader there can be a lot of pressure to frequently check the
markets, which can lead to spread betting mistakes and indecision.
3) Exit Strategy
Some traders focus their analysis on finding the perfect entry price
point for their spread bet. While this is important, the price at which you
plan to exit the spread bet is of equal value. Concentrating on stop losses
and limit orders can be an effective way of managing your trading away from a
computer.
To find out more about spread betting with City Index, visit:
http://www.cityindex.co.uk/spread-betting/
About City Index:
Today more and more individual traders are discovering the benefits of
derivatives, and many of them are discovering them through a City Index
trading platform.
As a group, we transact in excess of 1.5 million trades every month for
individuals in over 50 countries worldwide. We provide access to a wide range
of instruments including margined foreign exchange, contracts for differences
(CFDs) and, in the UK, spread betting.
We constantly look to widen the range of assets we offer, improve the
performance of our platforms and expand the range of services we provide. The
result is that our customers benefit from innovative trading tools with
transparent pricing, competitive spreads, and a high standard of customer
service and support.
Spread betting and CFD trading are leveraged products which can result in
losses greater than your initial deposit. Ensure you fully understand the
risks.
Apple, the Apple logo, iPod, iPod touch, and iTunes are trademarks of
Apple Inc., registered in the US and other countries. iPhone is a trademark
of Apple Inc.
Source: City Index
Contact: Joshua Raymond, City Index Group, Tel: +44(0)20-7107-7002, Email: joshua.raymond[at]cityindex.co.uk; Jonathan Smith / Alex Nekrassov, New Century Media, Tel: +44(0)20-7930-8033, Email: jsmith[at]newcenturymedia.co.uk, alexnekrassov[at]newcenturymedia.co.uk