Spread Betting Mobile Trading Review Through the Eye of a New Trader

LONDON, March 26, 2012 /PRNewswire/ --

Spread betting with City Index has enabled me, as a new trader, full, secure access to my trading account through various highly accessible and easy-to-navigate trading platforms.

From their browser-based web offering - to their handy mobile trading app; I am able to trade the opportunity as I see it - which can be very important as it allows me to trade (and much more) wherever I am, whenever I want.

Mobile Trading App

Through their City Trading™ app, available to me as a City Index account holder, I can easily and securely trade on-the-go when I'm away from my browser-based trading platform.

This professional mobile trading platform was the first live spread betting (and CFD trading) app and although I use it on my iPhone, those with Android and Blackberry devices can also access it through their devices.

In 2009, City Trading™ was launched; providing its users with full, secure access to their City Index trading account, whenever and wherever they wanted.

Whilst it's been three years, and it continues to offer it traders with the heightened access they desire - it has also been extensively developed. Now it offers a professional charting package; a fantastic trading tool that I constantly use.

Mobile trading was once considered something of the future. Well, this has changed. Mobile trading is very much a reality for many traders; with mobile trading offering them the potential to trade the opportunity as they it.

In addition, as mentioned above, you can receive full account access, in the same way you would through your browser - whilst being safe in the knowledge that all your trades were being placed securely.

I have found that having instant access to your spread betting account, when you're on-the-move, can be the difference between netting a profitable trade or a losing one as you can be always on top of market moves.

Risk Management

Consider however for a moment how heightened access to your account could affect you negatively.

This level of access may lead to a false sense of confidence and you may be drawn to trading on impulse.

As is with the online trading platform, it is imperative that you follow a solid trading strategy with extensive risk management in place.

With this in mind, I must emphasise how important it is that you research and analyse your chosen markets prior to placing a trade, to avoid potential losses.

Conclusion

A spread betting mobile trading app provides you with the ability to trade on the move from wherever you are, whenever you want. However, clear guidelines are imperative to the trading process and can give you valuable time to focus and react to market movements, which is where a mobile trading platform is an ideal tool.

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.

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