5 Essentials for Your Spread Betting Survival Kit

Oct 21, 2010, 07:18 ET from City Index

LONDON, October 21, 2010 /PRNewswire-FirstCall/ -- Stop losses

Stop losses are the ultimate tool in your spread betting survival kit, limiting your downside potential by automatically closing a spread bet as soon as the market passes your chosen trigger value. Guaranteed stop loss orders are more efficient risk management tools than standard stop loss orders, as they guarantee to close your trade at the exact trigger value you have set, regardless of market gapping. See examples of stop losses in spread betting at http://www.cityindex.co.uk/spread-betting/how-to-manage-risk.aspx.

Spread betting iPhone App

With many markets available to trade 24 hours a day, mobile trading is an increasingly popular way to keep in touch with - and react to - the spread betting and CFD trading markets, as demonstrated in 2009 when City Index launched the industry's first App for the iPhone(TM). City Trading(TM) (http://www.cityindex.co.uk/trading-platform/iphone-trading-platform.aspx) went on to amass some 10,000 downloads within its first two months in the AppStore.

Financial news

From Bloomberg and the FT to MarketWatch and the Investor's Chronicle, keeping abreast of the latest financial developments can help you react more effectively to spread betting opportunities that present themselves. Whether you pick up the paper versions themselves or visit the websites, what matters is that you are approaching the spread betting markets with an awareness of the activities and upcoming events that may affect them.

Market commentary

With over 15,000 spread betting and CFD trading markets to choose from, it is crucial that you know all you can about those that you decide to trade. The daily market commentary from the financial trading experts at City Index will help you to analyse the spread betting markets and take a clearer view on the direction of future price movements. You can also keep up with the latest daily market updates on the City Index YouTube Channel at http://www.youtube.com/user/CityIndexLtd.

Spread betting webinars

Play, pause, rewind and fast forward your spread betting education with a trading webinar. Financial spread betting provider City Index has introduced a range of free online videos designed to help you learn spread betting without leaving your seat. Open to City Index account holders and non-account holders alike, so all you need to get started with the eight-minute webinars is a computer and a broadband connection. See a list of webinars at http://www.cityindex.co.uk/learn-to-trade/webinars.aspx.

Find even more useful tools for your spread betting at http://www.cityindex.co.uk/spread-betting/.

Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.

SOURCE City Index