PRN: How Do You Stay in Control of Your Trading Away from the Trading Platform?
For this reason, it may be worth switching to more medium-term spread betting.
How Do You Stay in Control of Your Trading Away from the Trading Platform?
LONDON, September 23, 2011 /PRNewswire/ --
You can't always be in front of your computer when the markets move and the state of play changes. Here, spread betting provider City Index (http://www.cityindex.co.uk) looks at how to manage your trading around your everyday life.
Consider Your Timeframe
Having the ability to react quickly to market movements is essential in short-term spread betting. For this reason, it may be worth switching to more medium-term spread betting. For a short-term trader away from a trading platform, there can be a lot of pressure to frequently check markets and positions.
Set Price Targets
Some traders focus on finding the perfect entry price point for their spread bet. Whilst this is important, two equally crucial elements in spread betting are your stake size and the price at which you plan to exit the spread bet.
Concentrating on your stop losses and limit orders can be an effective way of managing your trades when you are away from a computer, as it means that you do not always need to be monitor your spread betting positions in order to make a profit..
Start Mobile Trading
City Index launched its first iPhone™ spread betting application in October 2009 and the company's Chief Market Strategist Joshua Raymond believes that the ensuing success of the City Trading™ app - City Index was voted 'Best Mobile Trading Platform' at both the 2010 and 2011 Money AM Finance Awards - is down to the greater level of autonomy it allows traders. "Giving spread bettors 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."
Learn more about trading with a free City Index seminar. See a full list of forthcoming workshops 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.
Apple, the Apple logo, iPod, iPod touch, and iTunes are trademarks of Apple Inc., registered in the U.S. and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.
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 worldwide. We provide access to a wide range of 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.
Company Codes: Bloomberg:1568010Z@LN