3 Things You Can Do Right Now to Improve Your Spread Betting

LONDON, December 28, 2011 /PRNewswire/ --

When you are spread betting, it is easy to focus purely on the trade in hand and ignore the need to keep maximising your skills and knowledge. Here, spread betting provider City Index suggests three things you can do right now to boost your trading ability.

Test a new strategy

It has often been said that perfect planning prevents poor performance and this is true of financial spread betting, when speculating on short term market movement can have a huge impact on your profits or losses.

To help you turn an instinctive gamble into a well informed decision, a disciplined spread betting strategy separates the emotion and spontaneity from your trading, allowing you to approach the trading platform with a calm, clear head.

It is important to keep testing and refining your strategy to keep it as effective as possible. It is also understandable that you will not wish to suffer a loss in doing so.

For this reason traders both new and experienced sign up for a free City Index demo account to put some new ideas for entry/exit points, stop losses and limit orders into practice without any risk. This helps to ensure that any experimental strategies are not cut short because of emotion and are seen through to a clear conclusion.

Read the news

From daily market commentary to financial newspapers and websites, make use of the resources available to you to maximise your knowledge of the markets.

When you place a financial spread bet on a market, you 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.

A market can be impacted by a wide range of factors from economic and social change to fluctuations in other markets. So it always pays to follow the key influences for the markets you are speculating on.

View a spread betting webinar

Many of us learn by different mediums or through a combination of listening, reading and activity. To provide intuitive learning for new and experience traders City Index provides online education videos for you to watch from the comfort of your home or office. These free spread betting webinars give you the freedom to start, stop, rewind and fast forward your learning at the touch of a button.

Seminars, guides, tutorials, glossaries and other learning resources are also available.

To learn more about spread betting, visit: http://www.cityindex.co.uk/learn-to-trade/

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, 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, CFDs and, in the UK, spread betting.

SOURCE City Index