LONDON, March 23, 2012 /PRNewswire/ --
Learn to spread bet with City Index through this simple guide, where we show you how best to utilise the free trading tools in a way to suit you and your lifestyle.
Below, you'll find an easy-to-digest overview of spread betting, as well as the free spread betting tools and education resources that are available to you with the aim of building your spread betting confidence and familiarising yourself with the City Index trading platform.
Spread Betting Overview
A popular product for traders looking to enter the financial markets; spread betting offers an easy entry level due to its low margin feature and high leverage. However, traders must always consider the risks prior to placing a trade; in the event a market moves in the opposite direction to your position, losses greater than your initial deposit could be incurred.
It is also tax efficient - currently under UK tax laws, all profits made through spread betting are free from UK Capital Gains tax* and Stamp Duty*, however, this remains subject to change.
Spread betting is the act of speculating on a market's price movement and you do not own the underlying instrument.
With this in mind, there is potential to profit from a market that both falls, as well as rises.
It is imperative that prior to placing their first trade; traders fully understand the markets through extensive analysis, as well as the trading platform and how it works.
The best way to do this is through a comprehensive trading strategy, technical and fundamental analysis and a demo trading account.
Spread Betting Tools
Online trading tools and real-time financial news have opened up opportunities to traders to speculate on share price movements.
City Index aims to help its traders gain the upper hand in the marketplace by offering extensive trading tools and education resources.
Instant access to real-time financial news and analysis feeds, direct from the Dow Jones Newswires, helps traders to make better-informed spread betting decisions and ultimately limit their risk.
Traders using the City Index trading platform can:
- Place trades securely from their computers 24-hours a day
- Access over 12,000 markets including global shares, indices, forex, commodities, bonds and options
- Access the interactive live pricing charting package, including a range of technical analysis tools
- Create multiple Watch Lists to monitor potential future trades
In addition, webinars are held by a team of spread betting experts from City Index, helping traders learn at their own pace and from their own computer at a place to suit them.
Alternatively, the demo trading account can be used for traders looking to practice before they place their first trade. For two weeks, using a £2,500 virtual cash balance, you can take positions on over 12,000 spread betting markets using the suite of professional City Index trading tools.
Through trading tools and education resources, traders have the opportunity to gain a thorough knowledge of their chosen market's price movements, whilst building confidence and familiarising themselves with the City Index trading platform.
Spread betting tools from City Index can help reduce your risk and limit potential losses by educating you across their trading platform.
It is important to remember that as a leveraged product, spread betting can result in losses greater than your initial deposit so it is imperative that you fully understand the risks.
*Spread betting is exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.
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. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting with City Index.
We constantly look to improve the performance of our platforms and expand our range of services. The result is 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 details.
SOURCE City Index