LONDON, April 18, 2012 /PRNewswire/ --
The following guide is aimed at new traders looking to enter the markets through City Index.
Spread betting is an alternative to more traditional forms of trading; allowing easier access to over 12,000 financial markets for just a small initial deposit - normally between 1% and 10% with spread betting provider City Index.
Spread Betting Provider City Index
Traders choosing to spread bet with City Index have the potential to benefit from trading with one of the world leaders in providing spread betting, CFD trading and forex trading accounts for nearly 30 years.
With offices in the UK, US, Poland, Singapore, China and Australia; the City Index Group as a whole, transacts millions of trades every month for individual traders in over 50 countries worldwide.
Traders, such as you and me, can access the trading platform across professional downloadable, browser-based and mobile trading platforms.
The City Trading™ mobile app, launched in 2009, was the first CFD trading and spread betting iPhone™ app, winning awards for the 'Best Mobile Trading Platform' from Money Am in both 2010 and 2011 and the 'Innovation of the Year (Mobile)' award from the Financial Times & Investors Chronicle in 2010.
Spread Betting using your Mobile
Joshua Raymond, Chief Market Strategist at City Index, has worked in the industry for a number of years; he says that the difference between the early days of the spread betting, to today, is quite remarkable:
"Today, people can take a view on a financial market albeit equities, commodities, indices and many more all from the comfort of their home or mobile phone,"
Adding that they don't need to be market analysts or mathematicians; all they need to do is pick a market, take a view and place a bet.
"The ease of doing this today has been revolutionary to where the spread betting industry started."
Spread betting and CFD trading account holders can download the award-winning City Trading mobile app across iPhone, Android and Blackberry devices.
The City Trading™ mobile app enables you to check the latest prices and market movements - instantly - whilst opening and closing positions and accessing a live streaming charting package.
Key features include:
- Set stop and limit orders including if done and OCO (one cancels other)
- Create new or amend existing orders
- View your pending, completed and cancelled orders
- Monitor your positions using the unique City Index positions chart
- View and amend multiple Watch Lists
- Review trade and order history
Start Mobile Trading
Start spread betting with City Index now using your mobile by simply accessing the respective app stores (Apple App store, Android Marketplace and Blackberry App World), search for 'City Trading' and download the app to your device for free.
Remember, as a leveraged product, spread betting can result in losses that exceed your initial deposit. Ensure you full understand the risks prior to trading.
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.
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SOURCE City Index