PRN: Spread Betting Gains Momentum Through Online and Mobile Trading
Spread Betting Gains Momentum Through Online and Mobile Trading
LONDON, March 5, 2012 /PRNewswire/ --
Spread betting has become increasingly popular as an alternative to traditional trading following developments in the online and mobile industries.
In the past decade, spread betting has made a significant impact on trading physical shares using a stockbroker. It could be suggested that the rise of browser-based, downloadable and mobileÂ trading platforms could be the reason behind this.
Such alternatives, particularly for private investors, can offer great advantages by way of limiting broker costs and having easy-access to financialÂ market information, news, tools and education.
Faster and more efficient broadband and FireWire connections further strengthen this form of trading which allows traders to capture real-time movements through their online and mobile trading tools.
Joshua Raymond, Chief Market Strategist at City Index, has worked in the industry for a number of years; he says that the difference between the early days of the spread betting industry to today is quite remarkable:
"Today, people can take a view on a financial market albeit equities, commodities, indices and many more all from the comfort of their home or mobile phone,"
He adds: "They don't need to be market analysts or mathematicians. All they need to do is pick a market, take a view and place a bet. The ease of doing this today has been revolutionary to where the spread betting industry started."
He goes on to comment about the rise of online trading platforms, saying that they have become more proficient and professional allowing spread bettors to access live and secure trading platforms 'anywhere in the world, manage their positions through a multitude of orders and even trade on the move via their mobile phones'.
The online trading platform from City Index provides traders with a wealth of market information and sophisticated trading tools to help realise their trading potential, allowing them to trade the opportunity as they see it.
With their unique browser-based, online trading platform, you can:
In addition to their browser-based offering, you can also trade directly and securely from your mobile phone with City Index through their range of City Trading™ mobile trading apps.
Allowing you to trade on the move, you can access your spread betting account through dedicated apps for iPhone™, Android, Blackberry, Java and Windows Mobiles.
For example, iPhone users can:
Both spread betting and technological developments have gained momentum in the past decade. Through online and mobile trading platforms, spread bettors can trade the opportunity as they see it. How do you prefer to trade yours?
Remember, as a leveraged product, spread betting can result in losses greater than your initial deposit. Ensure you fully understand the risks.
About City Index: