PRN: Spread Betting and CFD Trading Firm Provides Daily Financial News
Spread Betting and CFD Trading Firm Provides Daily Financial News
LONDON, December 21, 2011 /PRNewswire/ --
City Index (http://www.cityindex.co.uk/) is helping traders to stay informed of market-moving events by providing daily financial news via its website.
Having an awareness of news activity and understanding how a specific event will impact prices can help traders to react more effectively when market moving developments emerge, especially if they are using spread bets or hedging their investments with contracts for difference.
Joshua Raymond, City Index's Chief Market Strategist, states: "One of the key things to do before you open a trade is to make sure you understand how the market works. You need to have a basic grasp of what moves it and why. For example, if you were looking to trade BA shares and didn't know that a spike in the price of crude oil typically weakens the price of British Airways by driving up fuel costs, then you could be fighting a losing battle."
City Index also offers traders the opportunity to pick up key news in just a couple of minutes every morning with its daily market update video. As well as general market commentary, the company offers regular trading tutorials from industry experts Mr. Raymond and chief technical analyst Sandy Jadeja.
To give your trades a competitive edge, fulfil your potential profitability and stay up to date with the latest market developments, follow the financial market commentary from the City Index experts.
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:Â
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, CFD trading and, in the UK, 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 service and support. Visit http://www.cityindex.co.uk/spread-betting/start-spread-betting.aspx to open your spread betting account.