PRN: Top 3 Spread Betting Tips for New Traders
Top 3 Spread Betting Tips for New Traders
LONDON, December 22, 2011 /PRNewswire/ --
Spread betting is becoming an increasingly popular form of trading in the UK. Unlike conventional trading, spread betting offers a number of benefits from small deposits to the potential to profit irrespective of whether the markets are going up or coming down. However, spread betting is not without its risks, so here are three top tips for new traders to help achieve more profitable trades.
1 - Test a New Strategy
To counter rapid real-time fluctuations in the market, a disciplined spread betting strategy is an important part of separating emotion and spontaneity from trading. This helps traders to approach the trading platform with a calm, clear head.
2 - Follow the News
Being well informed can make all the difference between making a profit and taking a loss. When placing a financial spread bet on a market, traders need to know how the market moves, what affects its movements and if there are any forthcoming announcements which may spark a change in direction.
3 - Watch a Spread Betting Webinar
Another way to learn about spread betting is to digest information through webinars. City Index provides online education videos that can be viewed from the office or at home. These typically start at 1pm and run for 45 minutes, making them ideal for lunch time viewing.
An alternative to regular trading, spread betting is becoming increasingly popular in the UK with features such as low deposits, the ability to go short (trade on falling markets) andÂ instant access to over 12,000 markets as well as tax-free* profits.
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.
*Spread betting is exempt from UK stamp duty and UK Capital Gains Tax. Tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.