LONDON, February 24, 2011 /PRNewswire-FirstCall/ -- Only a few years ago, the financial spread bettor was chained to his computer to make his trades. The moment he stepped away, access to the spread betting providers such as City Index (http://www.cityindex.co.uk/) was completely lost. If any sudden changes happened in the markets, the spread bettor was powerless to react, possibly resulting in the loss of potential profits.
All this changed in 2009 when City Index introduced City Trading(TM), its first spread betting and CFD trading iPhone(TM) app, allowing users to trade whatever, wherever and whenever they wanted to.
In addition to trading, iPhone spread betting apps also facilitate market analysis, allowing you to keep up-to-date with price movements, charting and financial news in your spare moments. This kind of research is at the heart of both technical analysis and fundamental analysis in financial spread betting (http://www.cityindex.co.uk/spread-betting/), and can go some way to ensuring your trading is based on analysis rather than instinct.
Along with the additional freedom and opportunities that iPhone spread betting has introduced, it has also created a need for some traders to adapt their spread betting styles accordingly. Market Strategist Joshua Raymond commented: "The concept behind mobile dealing is to increase your potential to access prices whenever you want. The disadvantage could be that the more you look at prices moving, the higher is the potential for you to make impulse trades without proper research and analysis."
Since launching the app, City Index has been named 'Best Mobile Trading Platform' at the 2010 Money AM Online Finance Awards and the City Trading(TM) application has been downloaded thousands of times. It seems like iPhone spread betting is here to stay.
To learn more about mobile spread betting with City Index visit http://www.cityindex.co.uk/trading-platform/mobile-trading-platform.aspx.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
iPhone(TM) is a trademark of Apple Inc. App Store is a service mark of Apple Inc.
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, CFD trading (http://www.cityindex.co.uk/cfd-trading/) and, in the UK, spread betting.
We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. For more information, visit http://www.cityindex.co.uk/.
SOURCE City Index