Spread Betting Management: Trading Without the Trading Platform

Spread Betting Management: Trading Without the Trading Platform

LONDON, February 4, 2011/PRNewswire-FirstCall/ --     The markets never sleep. With spread betting providers such as City Index
(http://www.cityindex.co.uk/) allowing traders to speculate on indices and
stocks from around the globe, technically twenty-four hour trading is
possible. In reality though, to sit at a trading desk around the clock would
be unwise, unhealthy and impossible. However, it would be equally unwise to
open a position and leave it running without any precautions. So what can you
do to maximise your spread betting potential away from the trading platform?

    1) 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.

    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, 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) 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. "The ability to trade whenever they want and wherever they
are is completely where we feel the industry is going. No longer are you
restricted to making spread bets in front of the computer."

    You can get more out of your spread betting with a free City Index
seminar. Find out more here:

    http://www.cityindex.co.uk/learn-to-trade/seminars.aspx

    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

    (http://www.cityindex.co.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/trading-platform/

    Spread betting and CFD trading are leveraged products which can result in
losses greater than your initial deposit. Ensure you fully understand the
risks.

    iPhone is a trademark of Apple Inc. App Store is a service mark of Apple
Inc.

Source: City Index

Contact: Joshua Raymond, City Index Group, Tel: +44(0)20-7107-7002, Email: joshua.raymond@cityindex.co.uk, Jonathan Smith / Alex Nekrassov, New Century Media, Tel: +44(0)20-7930-8033, Email: jsmith@newcenturymedia.co.uk / alexnekrassov@newcenturymedia.co.uk