PRN: How Spread Betting Can Help You Manage the Decline of May Highs
One advantage of spread betting is that it allows you to short sell, so you can profit directly from falling markets as well as rising ones.
How Spread Betting Can Help You Manage the Decline of May Highs
LONDON, July 11, 2011 /PRNewswire/ --
Sandy Jadeja, Chief Technical Analyst of City Index (http://www.cityindex.co.uk/) recently stated: "The recent decline from the May highs has taken stock indices right down into major support levels. Failure to hold at current levels could spark a further sell-off.
"The FTSE 100 failed to hold onto 5787 and is now at a key level of 5702. If the index does not stabilise here, it could be looking at reaching 5594 with the potential of falling as low as 5456. Immediate action for the FTSE is to see a break above 5830 to turn this correction around. The US Dow Jones is also closing in on 11838 with a lower support level at 11713 on the cards. If neither of these levels supports the index then 11555 is a high probability trade for the bears."
One advantage of spread betting is that it allows you to short sell, so you can profit directly from falling markets as well as rising ones. Financial spread betting providers such as City Index (http://www.cityindex.co.uk) offer a comprehensive range of educational resources to help you learn more about this increasingly popular trading method.
City Index's spread betting seminars, webinars and education guides enable you to enhance your financial knowledge, while lower minimum spread bet sizes and spread betting demo accounts let you build up your spread betting confidence gradually. Learn more 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.
Company Codes: Bloomberg:1568010Z@LN