LONDON, February 10, 2011 /PRNewswire/ -- 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:
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.
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SOURCE City Index