LONDON, February 10, 2011 /PRNewswire/ -- "Mobile dealing is undoubtedly the future of spread betting and this view is reinforced by our clients' increasing willingness to trade on their mobile phones," says Joshua Raymond, Market Strategist at spread betting provider City Index (http://www.cityindex.co.uk/). With about 15 percent of trades with City Index now placed through a mobile platform, it seems certain that for an increasing number of spread bettors, mobile trading is the way forward.
Although there are ways in which you can adapt your spread betting style to the mobile trading platform, it is also important to remember to keep some of your trading methodology the same. For example, spread betting provider City Index offers mobile trading that gives you access to the full range of markets (http://www.cityindex.co.uk/range-of-markets/) and order types available on its online trading platform. This allows you to continue trading only the markets you truly understand and to carry on using a stop loss order - whether standard or guaranteed - for every spread bet you make.
While mobile trading platforms increase your ability to access financial spread betting prices whenever you want, the danger is that the more you look at prices moving, the more likely you may be to make impulse spread bets. This makes thorough spread betting research more important than ever. You should always analyse your market carefully before spread betting, regardless of whether you ultimately execute your spread bet through standard methods, or via a mobile trading platform.
To learn more about mobile spread betting with City Index, visit:
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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.
For more information, visit http://www.cityindex.co.uk/spread-betting/.
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