Mobile CFD Trading from City Index
LONDON, August 25, 2011 /PRNewswire/ --
Mobile CFD trading has proved popular with those looking to add additional flexibility to their trading. City Index (http://www.cityindex.co.uk/) launched its first CFD trading app for the iPhone™ in October 2009, and now more than 15% of City Index trades are placed via mobile.
Some see mobile trading as an unnecessary alternative to placing stop losses and limit orders from online trading platforms. However, if after leaving your computer the markets change dramatically, mobile trading allows you to react in a way that orders placed online cannot.
That said, there are additional risks to consider when mobile trading. Joshua Raymond, Chief Market Strategist at City Index states. "The disadvantage [of mobile trading] could be that the more you look at prices moving, the higher is the potential for you to make impulse trades without proper research and analysis." To counter this you should always employ risk management measures such as stop losses and meticulous market analysis to protect your capital.
Ultimately, you may not use mobile trading every day or even every week, but the additional flexibility it provides could make the difference to your CFD trading one day.
Open a CFD trading account with City Index at:
Learn more about iPhone 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.
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About City Index:
Today more and more individual traders are discovering the benefits of derivatives, many of 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 instruments including margined foreign exchange, CFD trading and in the UK spread betting.
We constantly look to improve the performance of our platforms and expand our range of services. 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 details.
Company Codes: Bloomberg:1568010Z@LN