LONDON, June 6, 2012 /PRNewswire/ --
Our guide to CFD trading using an online trading platform aims to educate you on the basics of trading through a browser from virtually anywhere.
Compared to more traditional forms of trading, Contracts for Difference (CFDs) enable investors to take a position on the future price movements of over 10,000 financial instruments through CFD provider City Index.
In turn, those investing are no longer full-time traders; they are men and women who work full-time - often in careers outside of finance - who trade on a part-time basis.
With this in mind, the demand for higher access and more flexible trading hours has been understood by City Index and as a result, they offer a range of trading platforms from which investors can trade 24-hours a day, and access their accounts 7 days a week even when select financial markets are closed.
Trading CFDs: Overview
For those of you who are new to trading; you may not yet know what CFD trading is.
The act of trading CFDs - or Contracts for Difference - is to agree with another party, to exchange the difference between the opening and closing price of a contract.
As a derivatives product, you can trade on live market price movements without owning the underlying financial instrument on which you have based your contract.
In addition, as a leveraged product - you're required to place an initial deposit which makes up only a small fraction of the underlying instruments value. This offers easy access to a wider range of investors.
However, with this also comes considerable risk; as you do not own shares in the underlying instrument, you could incur losses greater than your initial deposit. With this in mind, it is imperative that you manage your risk and trade with a solid CFD trading strategy in place.
CFD Trading Online Platform
As mentioned above, as a City Index client; you can access a range of trading platforms that enable you to trade whatever you want, whenever you want.
These include the downloadable platform, where you can trade from your desktop computer; the mobile trading app for iPhone™, Android and Blackberry devices; and the online trading platform - allowing access from a browser.
Through an online trading platform, you could access your account and trade CFDs from virtually anywhere in the world.
Start Trading CFDs Online
It's easy to start trading CFDs online, simply apply for an account today and soon you could be taking a position on popular markets such as indices, shares, currencies and many, many more.
Access Free CFD Trading Articles
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 in over 50 countries. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting.
We constantly look to improve the performance of our platforms and expand our range of services. The result is our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/ for details.
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SOURCE City Index