LONDON, January 19, 2012 /PRNewswire/ --
Ever since their first iPhone spread betting app back in 2009, City Index has been dedicated to providing essential online resources for mobile traders to become better spread bettors and CFD traders. Now, with more mobile traders than ever, the demand for online trading information continues to grow.
In 2009 just 2% of total trading activity at City Index was placed using mobile devices, but by late 2011 this had grown to over 20%. Now 1 in 3 of City Index clients uses the mobile platform, a figure that continues to rise as the weeks progress.
Meanwhile, for many new traders, financial spread betting provides the perfect gateway into the world of trading thanks to its low margin and high leverage. Margin allows traders to deposit only a small percentage of the total value they wish to trade. However, leveraged products can result in losses greater than your initial deposit.
In order to educate traders, City Index offers a wide range of tools and training that can be quickly accessed by mobile devices (as well as desktop), which include:
Webinars
Accessible whenever and wherever; webinars allow traders to learn about spread betting and trading CFDs via their mobiles or desktops. So whether you are commuting on the train or sitting at home, these webinars can be easily paused, rewound and replayed until you have comfortably digested all the information.
Video
To bring you the latest market news as it happens, City Index hosts a YouTube trading channel, direct from the trading room floor. Each video is only a few minutes long, making them quick to view via mobile devices and quick to digest. Meanwhile, longer video tutorials to spread betting and CFD trading are also available.
Daily Market Commentary
For more in depth news and opinion, a daily market commentary is also available with sub sections on foreign exchange, financial news and an economic calendar. All of this can be read at your leisure, either at home or on the move.
City Index has even entered the world of Twitter to help traders bolster their knowledge with real time news and analysis. Follow Chief Market Strategist @Josh_CityIndex and Chief Technical Analyst @Sandy_CityIndex who share their latest market insights as the news breaks. Joshua Raymond was also recently listed in CityAM's top 5 trading tweeters.
The expansion in Smartphone usage in the UK and elsewhere in 2011 has led to increased numbers of traders making use of mobile devices to keep track of markets and active positions. Consequently, Twitter has assumed increased importance for traders on the move.
When trading, making the most of the resources and tools at your disposal is vital. And now with more and more traders trading via Smartphones, information is more accessible and convenient to digest than ever before.
Recently named 'Best Online Spread Betting Service' at the 2011 MoneyAM Finance Awards, the City index 'City Trading' app has won a host of awards, including the FT's Innovation of the Year, and has been relaunched and upgraded for iPhone, BlackBerry, Android and many more.
Download the award winning City Index mobile trading platform for your Smartphone and start learning to trade with a wealth of free online resources.
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:
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 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 our range of services. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/ for more information.
SOURCE City Index
Share this article