LONDON, March 20, 2012 /PRNewswire/ --
City Index spread betting account holders can benefit from their award-winning City Trading™ iPhone™ app, which provides them with the opportunity to trade wherever they are, whenever they want.
The City Trading app from City Index is available to spread betting and CFD trading account holders across iPhone, Android and Blackberry devices.
In February 2011, it was reported that approximately 15 per cent of trades being placed through City Index were done through the mobile trading platform.
Joshua Raymond, Chief Market Strategist at City Index, commented that mobile trading is 'undoubtedly the future of spread betting'; a view which is reinforced by their clients' heightened trading activity via their mobile devices.
Traders using the mobile trading platform can access the full range of spread bet markets and order types available through its online trading platform.
Whilst the attraction of trading through a mobile platform focuses on the heightened access to price movements; this, like the margin feature on which spread bettors trade, is somewhat a double-edged sword.
In the same way that the low margin feature offered to traders choosing to spread bet can act as a double-edged sword, so can the easy-access feature of the mobile trading platform.
Considering your trading strategy; focus is placed around how you trade, your expectations and your level of control. This strategy must be applied whether trading through your standard platform, or via your mobile phone.
A risk that can come of mobile trading is the desire to trade on impulse. With constant exposure to price movements, it can be tempting to place a trade without first researching and analysing that market which could lead to potential losses.
iPhone Trading App
The City Trading app was an industry first when it launched in 2009; it offers City Index spread betting and CFD trading account holders access to the full trading platform whenever they want, wherever they are; direct from their iPhone.
Key features of the iPhone trading app are:
- Instantly check the latest prices and market movements
- Trade on the go; whenever, wherever
- Access the comprehensive charting package
- Benefit from integrated global investment news, direct from Dow Jones
- Monitor your favourite markets with Watch Lists
- Access the full range of order types
- Enjoy the bespoke charting package created solely for City Trading™
- Have an overview of your account, including running P&L, cash balance, etc.
- Customise the home screen tabs to suit your trading needs
Financial spread betting with City Index could offer you a range of benefits to give you the edge in the spread betting and CFD trading marketplace.
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 accounts.
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