How to Spread Bet Using the Mobile Trading App from City Index

LONDON, March 27, 2012 /PRNewswire/ --

Spread betting is the act of speculating on a market's future price movement, whilst offering traders the opportunity to net a profit irrespective of whether underlying market prices are rising or falling. 

Prior to placing a trade, you will put in place a comprehensive trading strategy which will combine many fundamental aspects of trading; from risk management to analysis.

Through this strategy, you will research and analyse your chosen market; considering economic factors and more technical factors such as trends in the market's price movements. This can be done through a range of tools, available to City Index spread betting account holders.

Following this analysis, if you believe a market will rise, you buy - also known as 'going long'. If you are correct, your profits will rise in line with any increase in that price. Alternatively, if you expect a market to fall, you can sell and go short. Likewise, your profits will be reflected in line with any fall in that market's price.

Equally, your losses will rise in line with any market movement that goes against your position.

Mobile Spread Betting App

Spread bettors, trading with a City Index account, can access their spread betting accounts - fully and securely - through the City Trading™ app direct from their mobile phone.

Here, we consider key benefits of the City Trading™ iPhone app for City Index traders:

• Instantly check the latest prices and market movements 
• Open and close positions
• Access the live streaming charting package and latest financial new from Dow Jones
• Set stop and limit orders including 'if done' and 'OCO' (one cancels other)
• Create new and amend existing orders
• View and amend multiple Watchlists

Start Spread Betting

Spread betting, as an alternative to more traditional forms of trading, is easy-to-access due to its low margin feature requiring only a small percentage of the underlying instrument as a deposit.

To start spread betting with City Index, you need to open a live trading account.

The application process is simple and secure and you can apply at any time by filling in an online application form.

Once your application has been processed and approved, you will receive your account number via email to confirm your account to be open. In addition, one of their account managers will contact you by phone to answer any additional questions that you may have.

The next stage is to fund your account. Your initial deposit must be minimum £100, and the minimum amount to deposit thereafter is just £25.

Across the range of professional trading platforms available to City Index account holders, you can spread bet - and trade CFDs - from a browser-based platform. Simply log in, choose the spread betting options, and select the market you wish to trade.

Access live price feeds, streaming charts and live streaming financial news instantly whilst trading 24-hours a day.

Summary

Spread betting with City Index offers a range of markets to traders at all levels that may otherwise be inaccessible through more traditional forms of trading.

It is important you understand the risk involved with trading leveraged products such as spread betting; by using the right risk management tools, you could limit potential losses without capping your profit potential.

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, contracts for difference (CFDs) and, in the UK, spread betting.

We constantly look to 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. Visit http://www.cityindex.co.uk/ for more information.

SOURCE City Index