LONDON, July 13, 2011 /PRNewswire/ --
The FTSE 100 and a number of other key European markets declined on July 20 as eurozone finance ministers postponed their decision to provide an emergency loan to ease the Greece debt crisis. The 17 eurozone countries stated Athens would have to increase austerity measures before it would extend the £10.6billion loan.
The deepening economic crisis in Greece may leave share traders looking to spread betting and CFD trading providers such as City Index (http://www.cityindex.co.uk/) for their ability to short sell markets directly.
For example, if you expected the FTSE 100 to fall over the coming days, you could open a ‘sell’ position of £10 per point at 5120. This means that for every point by which the FTSE 100 fell, you would make a profit of £10.
Therefore, if the FTSE 100 then fell to 5090/5091 on the back of the Greek debt crisis, you could cash in your gains by buying back £10 per point at 5091 (our buy price) - a profit of £290. If however, the price of the FTSE 100 rose to 5150, you would have lost £360 (5150 -5120 x £10).
See a more detailed example of how you can spread bet with City Index
City Index offers free spread betting seminars covering everything from the basics of spread betting and CFD trading to technical analysis, candlestick patterns and other more advanced topics. The company also offers online webinars for traders to watch and re-watch at their leisure.
The company also offers multi award-winning mobile trading, allowing you to open, close or alter your positions wherever you are, whatever you are doing. Learn more about City Index mobile trading at:
Learn to trade with spread betting and CFD trading at:
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
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, contracts for difference (CFDs) and, in the UK, financial spread betting.
We constantly look to 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 support. Visit http://www.cityindex.co.uk/ for more information.
SOURCE City Index